Record-breaking Sale of James Jannard's Malibu Estate
James Jannard's former Malibu estate sets record for most expensive home ever sold in California at $210 million. The buyer is undisclosed and the mansion was never officially on the market.
Key Points
- James Jannard sold his Malibu home for $210 million, making a significant profit from his $75 million purchase in 2012.
- Buyer remains undisclosed, and the mansion was not officially listed for sale.
- Real estate agent Kurt Rappaport, known for selling to high-profile clients, represented the sale.
Pros
- Sets a new record for the most expensive home ever sold in California.
Cons
- High price tag highlights growing wealth inequality.