A Former Warner Bros. Exec Just Listed His Sprawling Calabasas Ranch for $25 Million

Okay, so it’s not Montana. However, a majestic ranch 10 miles from Malibu just popped onto the market.

Former Warner Bros. CEO Bob Daly and his wife, Carole Bayer Sager, have listed their sprawling, 19-acre estate in Calabasas for a cool $24.9 million, The Wall Street Journal first reported. Known as Oaktree Ranch, the property comprises two houses: a 7,500-square-foot main residence, plus a caretaker’s cottage. The couple bought the spread back in 1999 following Daly’s departure from the movie studio. After tearing down the primary dwelling, they tapped architect Mark Rios to redesign the abode, which was completed in 2003.

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