Thursday, March 30, 2017
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$80M Malibu Castle Rises From the Ashes and Sets Pricing Record
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Just when you think status properties in Malibu reached the tiptop of the market, along comes a new estate that raises the bar.
Slated for completion in April, a jaw-dropping estate built on the site of the iconic Malibu Castle is priced at $80 million. It is “the highest price ever for an estate in the coveted beach community,” according to listing brokerage Coldwell Banker Previews International.
It’s a location with a storied background. Other than the pier, the former Malibu Castle was the town’s most prominent man-made landmark. Folks could gaze up the hills from Malibu’s town center and see the towers, turrets, and flags. The parties on the property were also epic—until a devastating fire burned the place to the ground in 2007.
120-foot-long great room
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Malibu Castle was a local landmark for years.
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In 2007, the property was reduced to ashes.
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The 3.5-acre site had little more than charred gargoyles among the ashes for several years when developer/designer/architect Scott Gillen became involved.
After the fire, the land was listed for $17 million, but after more than a year of negotiations, Gillen’s offer of $9.7 million was accepted by the previous owner, philanthropist and “princess” Lilly Lawrence. Sandro Dazzan of Coldwell Banker represented Gillen in the purchase of the property, and is handling the sale of the finished product.
Acquiring the site and maximizing its potential was a dream come true for Gillen.
“It’s like no other property in Malibu,” he says. It’s situated on a promontory with sweeping views of Santa Monica Bay, Catalina Island, Malibu Colony, and Surfrider Beach.
Deck with a view
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A one-of-a-kind site deserves a one-of-a-kind home, says Gillen. “I tripled my original building budget and went all in. The house has been complicated to build.”
He adds, “It’s the nicest house I’ve built to date.” His company, Unvarnished, has developed and built 22 premium properties generating over $130 million in sales.
This compound on a hill contains two large structures. The 10,500-square-foot main residence has five bedrooms and six bathrooms. It features a 120-foot-long great room with ocean views. A custom teak dining table parallels the 75-foot-long infinity pool.
There’s also a custom black walnut soaker tub in the master suite, a game room, a humidor, and a media room which opens to the pool where a waterfall cascades down a full story to the home’s lower level. Finishes include custom teak doors and cabinetry, as well as 80-year-old, dry-aged oak floors.
Luxe amenities include custom furnishings by Minotti and Bottega Veneta, handmade rugs from New Zealand, and rare art by Ellsworth Kelly and Jonathan Burofsky.
A fully stocked wine room comes with a special tasting by a vintner, And as the ultimate luxury amenity, one year of concierge service is included in the purchase price. The service will ensure the residence is fully stocked to your culinary tastes and even make reservations at nearby Nobu.
75-foot-infinity pool
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Master bath with black walnut soaker tub and a view
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Custom teak dining table
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There’s a detached 4,000-square-foot guesthouse, which features a great room, kitchen, gym, spa, two bedrooms, and four bathrooms. Both structures have floor-to-ceiling walls of glass to take in the spectacular views.
Two main structures in the new Malibu Castle compound
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The entire house can be operated remotely from a mobile device. When you decide to go out, the entire house can be locked up and shut down with the touch of a button. But who are we kidding? With a place like this, you may never want to leave. Simply see to it that the concierge service delivers whatever your heart desires.
Watch the sunset and sunrise from this modern castle.
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The post $80M Malibu Castle Rises From the Ashes and Sets Pricing Record appeared first on Real Estate News & Advice | realtor.com®.
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Cobb Realtors celebrate achievements
2016 was a strong and resurgent year in the Cobb County residential real estate market. It is no surprise, then, that the Cobb Association of Realtors welcomed over 300 members to its 2016 Multi-Million Dollar Club (MMDC). Cobb’s MMDC membership requires total sales volume of $2 million or more in a given year. In addition, the association recognizes our Top 10 Individual and Top 10 Team producers. We are proud to highlight those Realtor members who achieved these milestones in 2016, as listed…from DIYS http://ift.tt/2oEt68J
Atlanta Realtors’ Phoenix levels
Platinum Phoenix Dawn Mullins Harry Norman, Realtors Debbie Sonenshine Coldwell Banker Residential Brokerage Jay Wilcox Harry Norman, Realtors Studie Young Harry Norman, Realtors Gold Phoenix Vicki Crawford Dorsey Alston Company, Realtors Mitch Falkin RE/MAX Around Atlanta Realty Harriet Hinson RE/MAX Around Atlanta Realty Merle Land Keller Williams Realty Consultants Barbara Oliver Harry Norman, Realtors Chuck Wood Atlanta Fine Homes Sotheby’s International Realty Silver…from DIYS http://ift.tt/2nFfahf
Atlanta Realtors Association top individual winners
Top Individual Ranked by average sales volume 1. Betsy Akers Atlanta Fine Homes Sotheby’s International Realty Average sales volume: $68,102,119.00 2. Charles Mizell Atlanta Fine Homes Sotheby’s International Realty Average sales volume: $50,490,771.60 3. Ben Hirsh Hirsh Real Estate Specialists Average sales volume: $44,410,424.00 4. Tom Ellicott PalmerHouse Properties & Associates Average sales volume: $43,036,808.00 5. Robin Blass Coldwell Banker Residential Brokerage Average sales…from DIYS http://ift.tt/2oEzuwR
Atlanta Realtors Association Top Producers award categories
The Atlanta Realtors Association’s criteria for its Top Producers awards are as follows: Individual Individual – Volume Individual – Units Team Team – Volume Team – Units Team credit will be determined by dividing total gross sales volume and total units by the highest number of team members at any given time during the year. Special recognition will be provided to the Top 10 applicants in each of the four categories. The total gross sales volume or units (rounded down to the next whole…from DIYS http://ift.tt/2oEB5mn
Top producers recognized for metro Atlanta home sales
Welcome to Atlanta Business Chronicle’s annual Home Quarterly: Top Producers special section, where we highlight some of the top achievements in residential real estate sales in 2016. Residential real estate is an important industry in metro Atlanta, and the individuals highlighted excelled in their field last year. The following pages list Realtors who earned their way into their association’s top producers clubs, including award winners from the Atlanta Realtors Association, one of the oldest…from DIYS http://ift.tt/2nFfa0J
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