Summer is ending with a bang for Malibu real estate. The oceanfront estate reportedly owned by NBCUniversal executive Ronald Meyer has found a buyer, Variety reports.
The listing price was a gasp-inducing $125 million, but the final sale price has yet to be disclosed.
Source: $125M Oceanfront Compound in Malibu Reportedly Finds a Buyer | realtor.com®
(All photos: Realtor.com)
A home under construction in Malibu, CA, called the Case 5, is on the market for $100 million. The nine-digit price tag cemented its spot as the week’s most expensive new listing on realtor.com®.
Set to be completed in late 2020, the home is part of a collection of five new homes inspired by midcentury modern residential design. Prices will range from $50 million to $100 million.
The magnificent development in one of the nation’s priciest markets is the brainchild of designer Scott Gillen and his firm Unvarnished. In 2017, the longtime Malibu resident set a city record when he scooped up 24 coastal acres for $50 million.
For those unfamiliar with Gillen, the developer was once a filmmaker and director before turning his attention to high-end home design.
Source: $100M Malibu Home Under Construction Is Most Expensive New Listing | realtor.com®