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Oceanfront Malibu Estate for .5M Is This Week’s Most Expensive Listing

A brand-new estate in Malibu, CA, is willing to make your acquaintance for $49.5 million. This week’s most expensive listing on realtor.com®, it’s also the site of a home formerly owned by “Friends” co-creator Marta Kauffman, according to the Real Deal. The TV producer sold the property in 2007 for $10,725,000, and the 4,400-square-foot home on the premises was razed.

In its place is a new Cape Cod–style compound designed by Malibu-based architect Doug Burdge. The property was initially listed a year ago for a hefty $57.5 million. It’s now back on the market with a reduced price.

But it’s fair to be bullish on this property in the exclusive coastal town, which has attracted the rich and famous, including celebs such as Edward Norton, Julia Roberts, and Robert Downey Jr.

This waterfront home offers plenty of room to entertain an entire cast of friends and family.

Sitting behind gates on 1.72 acres of prime oceanfront land, the home has six bedrooms and 7.5 baths. A one-bedroom guesthouse and deeded beach rights to the cove below are included.

The two-story main home features high-end finishes, including oak flooring, multiple french doors, a bright-white interior, and jaw-dropping views of the ocean.

The open plan includes a great room with fireplace and built-ins; chef’s kitchen with stone counters, marble island, and banquette; formal dining room; elevator; and office. The second level features the owner’s suite with a wraparound oceanfront deck, dual closets, and luxe baths.

Outdoor amenities include a covered pavilion with fireplace, kitchen with pizza oven and grill, two stone bars, pool with spa, sunken lounge area, pool bath, and fire pit. Chris Cortazzo holds the listing.

The post Oceanfront Malibu Estate for $49.5M Is This Week’s Most Expensive Listing appeared first on Real Estate News & Insights | realtor.com®.

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