Updated Sunday, Oct. 31:
We now know the identity of the buyer setting real estate records: Silicon Valley-based venture capitalist Marc Andreessen and his wife Laura Arrillaga.
According to Dirt, Andreessen and Arrillaga have spent $177 million on Serge Azria’s Malibu compound, which includes 13 separate structures across the property.
Original story below…
Malibu is known for its million-dollar views, but this takes things to a whole new level.
According to the Wall Street Journal, fashion mogul Serge Azria has sold his oceanfront property for $177 million—a new record sale for California.
The deal is also the second-highest priced home sold in the U.S., following billionaire Ken Griffin’s $238 million purchase of a New York City penthouse in 2019, per the Wall Street Journal. The previous home sale record in California belonged to Jeff Bezos, who spent $165 million on the Warner Estate last year.
The Malibu property sits on seven acres across two lots. Following a four year renovation, the estate now boasts a 10,000 square foot main house, along with two guesthouses, a stand-alone screening room and poolside cabana, among other structures. Naturally, there are plenty of ultra lux amenities, including a home spa and pool, though other details on the home(s) or photos are scarce.
Records show that Azria and his wife, Florence, bought the property in 2013 for $41 million.
Kurt Rappaport of Westside Estate Agency represented all parties in the deal.