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Big Bucks in ‘Bu: 5M Malibu Mansion Could Set L.A. County Record

Move over, “Billionaire.” The $150 million Bel Air home now has some company on the sands of Malibu, CA. An oceanfront estate in the posh beach community is on the market for $125 million, which could set a record for the area.

The 1990s contemporary designed by renowned architect Charles Gwathmey is said to be owned by NBCUniversal vice chairman Ronald Meyer.

Meyer and his longtime wife, Kelly Chapman Meyer, announced their split last year, which seems to have precipitated the home’s arrival on the market.

According to the Hollywood Reporter, the listing was first shopped quietly and discreetly to deep-pocketed buyers. Now, as Variety has reported, it’s officially on the market.

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Set on over 3 acres atop a bluff, the property features six beds, 7.5 baths and 13,693 square feet of interior space. The layout includes high ceilings, walls of glass, and a great room that overlooks the lawn, ocean, and large swimming pool.

A long private staircase leads down to the beach, and at the top of the stairs, a hot tub is perfectly placed to take in the views of the shore. The secure home is accessed through a gated entry and long driveway.

A gourmet kitchen and family room, a master suite with a two-story library and gallery, a gym, theater, office, and a guest suite round out the property. Other amenities include two guesthouses, a tennis court, spa house, and “total privacy and seclusion.”

Malibu price tags have been making waves over the last couple of years. Malibu set a county record with the $110 million sale of Hard Rock Cafe co-founder Peter Morton’s home last year. Should the Meyer residence nab its stratospheric asking price, it could establish a new record for Los Angeles County.

Kurt Rappaport of Westside Estate Agency holds the listing.

The post Big Bucks in ‘Bu: $125M Malibu Mansion Could Set L.A. County Record appeared first on Real Estate News & Insights | realtor.com®.

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