Luxury Real Estate in Malibu, California

SOURCE www.barrons.com
Founder of Oakley sells Malibu mansion for $210 million, making it California's priciest home. The luxury pad sits on 9.5 acres with 8 bedrooms, 14 bathrooms, and a 300-foot ocean stretch.

Key Points

  • Founder of Oakley sold his Malibu mansion for $210 million
  • Property sits on 9.5 acres with 8 bedrooms, 14 bathrooms, and a 300-foot ocean stretch
  • Malibu now holds the record for the three most expensive homes in California

Pros

  • Spectacular and luxurious property
  • High resale value showcasing the real estate market in Malibu

Cons

  • Exorbitant pricing that highlights income inequality
  • Contributes to the housing shortage crisis in California