Eighty feet of beach frontage doesn’t come cheap, but for Restoration Hardware CEO Gary Friedman, it did come with a pretty good deal. Friedman has reportedly just closed on a Carbon Beach home for $26.7 million—though the property was originally listed for $40 million!
The contemporary home boasts five bedrooms, five-and-a-half baths, four separate decks and 5,500 square feet of living space. Vanishing walls of glass bring in the jaw-dropping views while Portuguese limestone floors, wide windows and the serene illumination of an enormous atrium skylight illuminate the space. The indoor-outdoor living room opens seamlessly to a full-width beachfront deck complete with ceramic tile floors, ample seating, a Lynx barbecue center and built-in tiled hot tub.
Inside, the dining area opens into an interior garden courtyard, while the adjacent kitchen is equipped with generous wood cabinets, granite countertops, an island with bar seating, soffit lighting, a chandelier breakfast area, and sliding doors to the oceanfront deck.
On the upper floor, accessible by stairs or elevator, there are three oceanfront suites, each with a view balcony, and a laundry room with a dog-washing station. The primary suite is complete with a fireplace, large walk-in closet, spa-style bath, and a separate office with sink and beverage cooler. The home has numerous smart-home features, including three-zone air conditioning, security, central vacuum, water filtration and more.
Following it’s initial listing last September, the property’s asking price was lowered to $38,500,000, then $34,500,000 and finally $29,995,000 before securing the accepted offer last month.
California Listings Malibu expert Chris Cortazzo held the listing along with Gregory Sharpe of Compass, while Kurt Rappaport with Westside Estate Agency repped the buyer.