What would you pay for a sprawling estate on 180 feet of beach on what is arguably the most expensive stretch of sand in the world? Well, apparently you wouldn’t pay $57 million, so now the estate of the late Nancy Daly Riordan is hoping you’ll pay $47 million.

To be fair, that’s a pretty big price slash and one that is likely to generate some interest.

Daly Riordan, who died in October, was married to former L.A. Mayor Richard Riordan. She was well known in philanthropy circles, especially for her three decades of work as a children’s rights activist. She founded the United Friends of the Children, an organization that supports programs for foster care children. She was also instrumental in creating the Los Angeles County Children and Family Services Department and was co-founder of the Children’s Action Network. She was appointed to the President’s Commission on Children in 1989 and was invited by President Bush to the White House to witness his signing of the reauthorization of the Safe and Stable Families Act, which she had been instrumental in creating during the Clinton administration.

The estate she cobbled together by buying adjacent lots and properties through the years is now a 12,785-square-foot oceanfront home with eight bedrooms and a dozen bathrooms. It sits on Carbon Beach in Malibu, aka Billionaires’ Beach, so you can count on having some highfalutin neighbors.

The home has nine fireplaces and a double-height living room overlooking the Pacific. The property has a sports court, and a rare oceanside swimming pool and spa sheltered from the blowing sand by a transparent windscreen. The master suite is accessible by a stone staircase leading up from a terrace below.

Daly’s principal residence was in Bel-Air. She used this as a weekend beach retreat and often held charitable events there.

Ron de Salvo, Coldwell Banker Beverly Hills, and Chris Cortazzo, Coldwell Banker Malibu West, share the listing.

Architect’s Design

If you’ve ever appreciated the fact that you can see Kobe shoot a basket from even your nosebleed seat at the Staples Center, Ron Turner is the man to thank. He was the lead architect on that building and a whole bunch of others, including the home he is selling in Malibu for $2.9 million.

In addition to the Staples Center, Turner designed the Lincoln Financial Field for the Philadelphia Eagles, the Olympic Stadium and Turner Field in Atlanta, the Paul Brown Stadium for the Cincinnati Bengals, Miller Park for the Milwaukee Brewers, Bank One Ballpark for the Arizona Diamondbacks, and about 15 NBA/NHL other arenas in cities including New York; St. Louis; Tampa, Fla.; and Portland, Ore.

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