Former Yahoo! CEO Terry Semel — Unloads Malibu Estate for $13 Million Under Asking Price

exclusive 0810_terry_semel_malibu_house_launchTerry Semel — the former CEO of Yahoo! — really, really, really wanted to sell off his giant Malibu estate … so much so, he was willing to knock $13 MILLION off the asking price, our sources has learned.

Back in May, Semel wanted a cool $50 mil for his 10,000 square-foot, beach front … but our sources has learned the house just went into escrow after Terry accepted an offer for a mere $37,000,000.

It”s unclear how much Semel originally paid for the glass palace … but he”s probably not shedding too many tears over the $13 Million price slash — since he made close to $500 MILLION during his stint at Yahoo!

So what do you get for $37 Million these days — 9 bedrooms, 13.5 baths … 151 feet of beach frontage … a 3-story rotunda … giant outdoor pool … jacuzzi … gazebo … guest house … gym and a screening room.

Oh … and the ENTIRE PACIFIC OCEAN is your yard. NBD.