Publishing royalty lands on the beach

It’s no Hearst Castle, but Anne Hearst’s new place is still pretty nice. The granddaughter of publishing magnate William Randolph Hearst, along with her husband, novelist Jay McInerney, paid $ 10.72 million for a Malibu beach house, The Times has confirmed.

The oceanfront home hit the market over the summer for $ 11.95 million — the first time it was offered in more than 40 years. The purchase comes about a year after the publishing heiress’ home in the Hamptons was reportedly destroyed in a fire.

Built in 1930, the two- story home sits on one of Southern California’s most exclusive stretches of sand, Malibu Colony Beach, at one point the priciest neighborhood in all of Los Angeles County.

The listing identifies the house as a California bungalow. It takes full advantage of the coastal setting with a patio for entertaining that ascends to a raised wood deck overlooking the coastline. Inside, four bedrooms and four bathrooms are spread across 2,520 square feet.

Beamed ceilings top parquet f loors in the common spaces. The living room boasts a brick fireplace. Other highlights include an open- concept dining area and galley- style kitchen lined with yellow tile.

Hearst is the daughter of former Hearst Chairman Randolph Apperson Hearst and the sister of Patty Hearst, who was kidnapped by the Symbionese Liberation Army in the 1970s.

McInerney has been writing novels since the ’ 80s, including “Story of My Life,” “Brightness Falls” and “Bright Lights, Big City,” which was adapted into a movie starring Michael J. Fox. The pair married in 2006.

Hilton & Hyland’s Chad Rogers held the listing. Rick Hilton, Barron N. Hilton and Chad Rogers, all with Hilton & Hyland, represented Hearst and McInerney.