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Cindy Crawford and Rande Gerber Selling .5M Malibu Bungalow

Just because Cindy Crawford and Rande Gerber have put their sweet waterfront beach bungalow on the market for $7.5 million doesn’t mean you won’t see them around Malibu.

They still own a much larger, bluff-top luxury compound on the coast that they bought in 2015 for $50.5 million.

This smaller place has been a relatively humble rental, if you consider paying rent of $45,000 per month humble. The couple purchased it back in the late 1990’s for $1.85 million, according to Variety, so they stand to do quite well on their investment.

The home was built in 1974 and features four bedrooms and 2.5 baths. Its top feature is the unobstructed beachfront view of the Pacific Ocean.

The listing notes that the 2,413-square-foot home is “newly renovated,” and it certainly shows in the sun-filled great room, which features high, wood-beamed ceilings and a fireplace. The dining area and breakfast bar border a gourmet kitchen with granite countertops and high-grade stainless-steel appliances.

The wide-plank wood floors also appear to be shiny and new.

A wall of custom glass sliders opens to a wood deck that overlooks the beach. The master bedroom upstairs also has a fireplace and a sundeck overlooking the beach, accessed by lovely French doors.

The Spanish-style home with the distinctive red-tiled roof is quite private, located in the western part of Malibu, at the end of a private gated road just north of Broad Beach. It doesn’t get a lot of foot traffic from tourists, which is always an asset in these parts.

The supermodel and her husband sold an elegant remodeled Malibu home adjacent to their large spread in June 2018 for a reported $45 million. They originally listed it for $60 million.

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Source: Real Estate News and Advice – realtor.com » Real Estate News