Tamara Gustavson — daughter of B. Wayne Hughes, the late self-storage titan who donated a document $400 million to USC — is asking $127.5 million for her prized Malibu property.
It’s a large sum, and one which showcases the dramatic surge of Southern California’s luxurious market because the flip of the century. Information present Hughes purchased the property for $20 million in 2003.
At $127.5 million, it’s the fourth-priciest property in the marketplace in L.A. County, however in a group as prosperous as Malibu, all bets are off. Enterprise capitalist Marc Andreessen redefined the market final yr when he paid $177 million for a Malibu compound, and former Disney Chief Government Michael Eisner is at the moment purchasing round his house a number of miles away for $225 million.
The principle home. (Adrian Anz)
The bed room. (Adrian Anz)
The kitchen. (Adrian Anz)
The lounge. (Adrian Anz)
The theater. (Adrian Anz)
The patio. (Adrian Anz)
The outside eating space. (Adrian Anz)
The terrace. (Adrian Anz)
The health club. (Adrian Anz)
The 2-story house. (Adrian Anz)
The yard. (Adrian Anz)
The seashore. (Adrian Anz)
The tennis court docket. (Adrian Anz)
The three.5-acre unfold. (Adrian Anz)
Gustavson’s place gives a uncommon mixture of measurement, scale and placement. It spans 3.5 acres on a bluff above Paradise Cove and descends by way of personal path to 208 ft of seashore frontage. The compound features a important home and two guesthouses that mix for eight bedrooms and 11.5 bogs throughout almost 11,000 sq. ft.
A gated driveway winds its approach towards the two-story important home, passing a tennis court docket alongside the best way. Inbuilt 2001, the Mediterranean-style spot takes benefit of the oceanfront setting with pocketing partitions of glass in almost each residing house.
There’s a proper lobby, a chandelier-topped eating space, a tiered movie show and a chef’s kitchen with a U-shaped island. Patios prolong exterior on the primary degree. Upstairs, a terrace wraps across the house’s bottom.
Grassy lawns and towering hedges separate the primary home from the guesthouses — one in every of which provides a voluminous wood-and-glass house with a health club and yoga studio.
The sale earnings can be a drop within the bucket for Gustavson, who owns an 11% share of Public Storage and has a internet price of $7.6 billion, in accordance with Forbes.
Jade Mills of Coldwell Banker Realty holds the itemizing.