- NEWS -
APR 23, 2018, Los Angeles Times
By NEAL J. LEITEREG and JACK FLEMMING
A buyer has agreed to pay $110 million for this property on Malibu's Billionaire's Beach, which will make it the most expensive home sale recorded in Los Angeles County. (Al Seib / Los Angeles Times)
The priciest home on Malibu's famed Billionaire's Beach has found a bona fide billionaire buyer.
In what will be the most expensive home sale ever for Los Angeles County, hotelier Peter Morton has an agreement in place to sell his oceanfront property in Malibu's Carbon Beach, better known as Billionaire's Beach, to natural gas billionaire Michael S. Smith and his wife, Iris Smith, for $110 million.
It's an astronomical sale even in the world of luxury real estate. The previous county record was $100 million, which was hit twice in 2016: for the sale of the Playboy Mansion in Holmby Hills, and for a mega-mansion built on speculation in the same neighborhood.
The Malibu sale, expected to close Tuesday, is the latest huge deal for the exclusive beachfront city, where two $85-million sales have closed in the last year and a half.
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05/18/18 Harold Clavin, re: $110-MILLION HOME
The home described in this article is on 1/2 acre... and 100 feet of ocean front... In Malibu surrounded by other homes. No privacy. No 360-degree view. No local airport. No access to 8.5 miles of Surfing Beach. Worry about the coastline falling down. Worry about destruction from High Surf and wind. There is public access to the beach in front of the house… poor security... the Malibu home and its guest house has seven bedrooms and nine bathrooms. Combined 8,000 square feet of living space.
Parcel 107 Hollister Ranch and guest house has 9 bedrooms (most with expansive views) and 9 bathrooms and about 8000 plus sq. ft of living space. Two steam showers, 10 toilets and three bidets. Plus, a 1/2 Mile Private Road and a tennis court with a 360-degree view of the ocean and the mountains. There are orchards, rolling hills, and about 20 acres with a deer fence surrounding the living area compound. It Is close to the front ranch security gate entrance with 24-hour live security guards. In 20 to 30 minutes you can be in the wine country or downtown Santa Barbara or in Solvang- Buellton in the Wine Country and Santa Ynez Valley. If you want to be on the California coast and love to Surf and love the mountains and want to fly in to your property with a helicopter or take an airplane to a local airport 20-30 minutes away, this is it...
There is no comparison and there is no comparable. That’s why Hollister Ranch has attracted so many celebrity owners over recent years. Your amphibious boat can be launched in front of your property and enjoy the beautiful Waters of the Gaviota Coast. With sea otters, dolphins, whales, seals, and huge kelp beds in the most beautiful untouched Waters anywhere along the California coast. It is a heirloom property of 113 Acres with 1/4 mile of ocean front and an additional 8.5 miles of PRIVATE beach boasting the best surfing on the California coast . It is truly One of a Kind, never to be duplicated, took 30 years to make it happen, and should be appreciated only by those that desire such a piece a paradise.
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Clavin Family Ranch
113 acres on the California Coast located within Hollister Ranch, a gated community
Santa Barbara County.
For sale information, qualified buyers
can contact Jeanette at H&J Properties.