Kiehl’s heiress and Retrouvé founder, Jami Morse Heidegger is selling her 25-acre Malibu ranch for $55 million.
Ms. Morse Heidegger, along with her husband, Klaus Heidegger, a former Austrian alpine skier, purchased the property for $2.62 million in 2002, according to property records. The couple has since built a multi-building compound, which includes a state-of-the-art equestrian ranch with a nine-stall barn, a two-story main house, a three-bedroom guesthouse, a pool, koi pond and a tennis court, according to the listing, which only went up recently.
For horse-lovers, the stables and equestrian facilities are a dream come true.
“It’s all about the horses; these are very, very serious riders,” said Wendy Carroll, of Westside Estate Agency, the listing agent for the property.
Highlights of the barn include special trails, and a computerized riding ring with special turf. All the while, the horses actually get to enjoy ocean views. The property used to be a horse camp for children, Ms. Carroll said.
The main house is original from the 1970s. However, the current owners have plans to completely remodel the home in the same style that the barn is in, according to Ms. Carroll. While it’s not clear why the Heideggers are selling their property, Ms. Carroll alluded to the fact that the timing now is right.
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The family is also open to leasing the property for the time being. The property is available for $150,000 per month, and the stables can be rented out separately for $75,000, according to Ms.Carroll.
Ms. Morse Heidegger’s grandfather, Irving Morse, was a Russian-Jewish immigrant who purchased the pharmacy, that was founded in 1851, in New York in 1921. It was his son, Ms. Morse Heidegger’s father, who grew the company into a successful, internationally recognized brand. Ms. Morse Heidegger sold her grandfather’s company, Kiehl’s, to beauty giant L’Oréal in 2000 for an estimated $100 million to $150 million, according to The New York Times.
Ms. Morse Heidegger could not be reached for a comment.
The Real Deal first reported on the listing.
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