An escape for the stars could be one lucky buyers own personal retreat with news that Promises Malibu has hit the market. Listed as three contiguous single-family properties on one site, the property is being offered up for $19,950,000.
Set on over three private and ocean-view landscaped acres with mature trees and fruit orchards throughout, this one-of-a-kind compound allows for an abundance of structures and amenities in close proximity that is not otherwise feasible to current code. With a massive tennis court, huge flat parking lot for guests, large salt water pool and three single family homes totaling over 9,000 square feet of living space with 12 bedrooms and 10 bathrooms.
Promises was established in 1989 when real estate developer Richard Rogg created the area’s first luxury treatment center. Robert Downey Jr., Britney Spears, Ben Affleck and Lindsay Lohan have all reportedly been clients since then.
According to the L.A. Times, new business declared bankruptcy in 2018, and Promises eventually closed. A new rehab facility opened in its place, still in operation today. The new buyer will have to honor thelease of the existing rehab facility.
Once the lease is done, the buyer could continue to utilize the property as-is, acquire over-the-counter-permits for a cosmetic remodel of your choice or get new Coastal Development permits to totally reimagine the space.
According to listing material, there is also another very rare opportunity to combine this compound with another trophy property totaling the lot size to over 6.5 acres with a massive addition of square footage, amenities, ancillary structures and endless possibilities.
Jennifer Johnson and Sean Landon of Douglas Elliman hold the listing.