Hot Property: William J. Chadwick lists Malibu home for $65 million

Chadwick is a managing director of Chadwick Saylor & Co., a real estate investment banking and capital management firm with offices in Los Angeles and Atlanta. He was chairman of Exposition Park and the California Science Center and president of the Los Angeles Memorial Coliseum Commission in 2005.

And former Gov. Gray Davis named him his point man to bring an NFL team to Los Angeles. So maybe not everything he touches turns to gold.

But real estate watchers will be curious to see if his Midas touch works on the Carbon Beach house he listed: $65 million is a lot of moola, even for a piece of the billionaires' beach.

The house, described by the listing agent as the crown of Carbon Beach, has 150 feet of beachfront, a 75-foot beachfront pool and spa. And then there is the home theater -- and I don't mean the kind where some sellers put up a flat-screen TV with two easy chairs in front of it and pass the microwave popcorn. This is the mother of all home theaters, with 16 plush seats, a top-of-the-line sound system and top-quality viewing. There is also a full-wall-size aquarium, in case you tire of standing on the deck watching the dolphins cavort. And a wine cellar, in case you simply tire.

The master bedroom suite has his-and-hers bathrooms. The house has six bedrooms and nine bathrooms, a pub, a gym, and is wired for all sorts of electronic toys, present and future.

I've always been partial to this house since Chadwick, instead of completely stucco-ing up the public's view of the ocean, very thoughtfully provided a peek of a sliver of grass and the wild blue yonder for those of us stuck in the gridlock along PCH. I have wondered, however, about the animal sculpture (Cow? Bull? Buffalo?) that he stuck on the grass. Perhaps he'll bequeath it to music producer and neighbor Lou Adler when he moves. (Adler is the beret-wearing guy who sits next to Jack Nicholson at Lakers games.)

Stephen Shapiro of WEA Realty, Beverly Hills and Malibu, has the listing, according to the MLS.