Peter O’Malley Sold His Oceanfront Malibu Home for $55 Million

After languishing on the market for more than two years, former Los Angeles Dodgers owner Peter O’Malley has finally offloaded his bluff-top residence in Malibu‘s exclusive Paradise Cove enclave.

First offered for $85 million in mid-2024, the property was temporarily removed during the 2025 Los Angeles wildfires before resurfacing last October at a discounted $74.5 million. It has now officially changed hands for $55 million, purchased by a joint venture consisting…