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But don’t get your hopes up—even if you have $8 million to spend, Ritenour is somewhat ambivalent about selling his beloved property. The Point Dume compound is available for sale or lease. “We’ve listed it for lease ( $18,750 per month ), and that’s our main intention. But along with the lease, we’ve also included a sale price,” says Ritenour. A potential sale “brings very mixed feelings for us, and most likely we won’t do that, unless a very special person or family came along that we felt was the right fit.” Send me news, tips, and promos from realtor.com® and Move. And when you learn the home’s backstory, you’ll understand his hesitance to part with the place where so many great life and career events took place. “I grew up in Los Angeles (Palos Verdes), and when I was a teenager I drove up to Point Dume to play guitar for somebody’s party. I was so impressed with the area, that I said, ‘Someday, I want to have a house here!’ That finally happened in ’79, when I purchased the home. It was a new wood craftsman’s house that architect Bill Mack built. In the ’80s, I moved my full-on recording studio to the house and did many projects there.” The home also holds precious family memories for Ritenour. “Carmen Elisa Madlener dos Santos and I were married at the Chapel at Malibu’s Pepperdine University, and we had the party at the house.

For the original version including any supplementary images or video, visit http://www.realtor.com/news/celebrity-real-estate/lee-ritenour-malibu-home/

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