The Price of Legacy: Johnny Carson's Malibu Estate Sells for a Steep Discount The sale of Johnny Carson's former Malibu estate for $40 million is a sobering reminder that even the most storied properties can fall victim to market realities.
Built in 1978 by architect Ed Niles, this modernist masterpiece was once touted as a potential $81. 5 million listing. From its original purchase price of $9.
5 million in 1984 to its current sale price, the estate's value has undergone significant fluctuations.