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EXCLUSIVE PHOTOS - Pierce Brosnan's $45 Million Beachside Investment All Washed Up
Posted on Fri Dec 30, 2011 12:35 PM PDT
Pierce Brosnan recently sold his gorgeous Mediterranean estate on Broad Beach Road in Malibu for $2.79 million ... in order to move into this enormous, beachside Bali-style mansion also on Broad Beach Road that's been under construction for eight years. Back then, the 007 actor shelled out close to $45 million for the property.
Problem is ... the sand in front of this property has been eroded so much over the years that Brosnan and his wealthy neighbors are concerned that their oceanfront properties will soon be sitting up right against the water. As the sand gets washed away, so does the value of these pricey properties!
Residents living on the posh Malibu street have brought in massive boulders to protect their oceanside homes from the rising tides.
One of Brosnan's neighbors (two doors down!) is director Steven Speilberg ... who recently rented out his sprawling beach house to the Beckhams.
See more of Brosnan's diminishing property in our gallery below.
Life's a beach!
Pierce Brosnan Sells Malibu Beach House For $2.79 Million - Dec 26, 2011
Pierce Brosnan Treats Wife To Romantic Lunch Date In Malibu - Oct 17, 2011
The Battle Of The Old Schoolers - Sep 05, 2010
Bond And His Babe Do Lunch - Jan 26, 2010
Pierce Brosnan's Wife Gets Fit For Her Man - Jan 15, 2010
SEE THE GALLERY 
Pierce Brosnan's Malibu Oceanfront Property Is Diminishing
Comments
23 = SATAN HELL OFFICE
If that Property has been under Construction for 8 years? If that FACT is TRUE? That is SAD. If Enviromental was not an Issue. That house should of been built in 18 months TOPS if there was Some one in charge that had Subs Lined up and had any Organization at all. I hope 8 years is just a BOLLYWOOD RUMOR.
Common sense alone should tell people not to build so close to the ocean. So what happens if the homes don't make it? Is there actually an ins. co. to cover such a risky investment?
It's just a matter of time before the water swamps that house.
the ocean laughs at those little rocks. that sucks though.
MR BROSNAN NEEDS A GEOMORPHOLOGIST TO DO AN ASSESSMENT THEN GET A GEOLOGIST AND DO SOME CORE SAMPLING THEN BARGES WILL COME IN AND CREATE A NEW REALITY AND ALTER THE SHORELINE FOREVER...GEO-ENGINEER THIS PROBLEM AWAY 007. ITS WHAT BIG K WOULD DO...
People who live by the water will probably be taken by the water one day. Can't be helped. People are just plain dumb to be that close and not figure that out.