Shangri-La: Rock Music Landmark Lists at $4.1M

Forget about those houses that claim "George Washington slept here." We're way more excited about this Malibu landmark that just came on the market at $4.1 million. It's where Bob Dylan and The Band, Eric Clapton, Robbie Robertson, the Rolling Stones, Ringo Starr, and Joe Cocker made music -- and actually where Clapton slept for three months during the recording of his "No Reason to Cry" album.

The Shangri-La recording studio was designed by Rob Fraboni in the early 1970s to the specifications of Bob Dylan and The Band. The Band drummer Levon Helm described Shangri-La as a "clubhouse and studio where we and our friends could record albums and cross-pollinate one another's music." Amen.

Musicians say there is an almost mythical quality to the property, and before it became one of the most renowned recording studios in rock history, it was allegedly an upscale bordello. In the early 1960s TV's Mr. Ed was filmed and stabled at the ranch here.

The studio is currently owned by Beej Chaney, singer and guitar player for the 1980s new-wave band, "The Suburbs." Chaney renovated and updated the studio.

The 4,450-square-foot house hasn't been on the market in more than 30 years. It has four bedrooms, three bathrooms and a detached guesthouse -- plus the studio, of course.

Shen Schulz of Sotheby's International Realty, Malibu, has the listing.

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