Live Nation CEO Michael Rapino and his wife, actress Jolene Blalock, know the value of a Malibu investment. After purchasing a beach house for $11 million in 2018, Rapino has bought a second Malibu pad just down the road—this time for a reported $13.8 million.
Dirt reports that the most recent Malibu purchase is a Morroccan-inspired, multilevel home, previously owned by actor John Cusack and more recently by MySpace CEO Michael Jones.
Overlooking Amarillo Beach, the home features more than 4,000 square feet of living space, four bedrooms and five bathrooms.
Tony Mark and Russell Grether of Compass held the listing. Mark Andrew Smith of Coldwell Banker repped the buyer.