Originally asking $57.5 million, the stylishly revamped estate sold to Andrew Schwartzberg at a substantially reduced yet still pricey $38 million.
Roughly seven years after it first popped up for sale with an impressive $57.5 million ask, a blufftop mansion in western’s desirable Encinal Bluffs neighborhood officially traded hands last month for a discounted but still hefty $38.4 million—ranking as one of 2024’s top five priciest Los Angeles County deals.A Mid-Century Modern Home in California With Ties to Frank Lloyd Wright Lists for $7 Million, managing partner of Washington, D.C.
Schwartzberg’s newly acquired Cape Cod-style residence is perched atop a gated blufftop parcel spanning 1.7 acres and offering sweeping ocean vistas. There’s a two-story, elevator-equipped main home rife with wide-plank oak floors and floor-to-ceiling windows, plus a separate guesthouse—for a total of six bedrooms and eight baths filtered across roughly 4,000 square feet.
Among the highlights: a spacious great room showcased by a fireplace, built-in cabinetry and a wall of custom French doors spilling out to a terrace. An adjacent gourmet kitchen is outfitted with a stone-topped island, top-tier appliances and a breakfast nook with banquette seating, with other amenities including an office and a formal dining room.
Elsewhere is a lavish upstairs primary suite resting beneath a high arched ceiling, and sporting a wraparound ocean-view balcony, fireplace, and dual closets and spa-like baths; and outdoors, the picturesque grounds host a pool and spa, an open-air pavilion warmed by a fireplace, a sunken fire-pit, and an al fresco kitchen with a grill, pizza oven and two stone-clad bars. There’s also an attached two-car garage flanked by a motorcourt, along with steps leading down to a secluded beach.
In addition to his new Malibu property, Schwartzberg and his wife Jaime have long owned another lavish Los Angeles home—a $16.5 million, 3.4-acre spread in the Pacific Palisades enclave of Rivas Canyon, which has eight bedrooms and 12 baths in over 10,000 square feet of living space.A Mid-Century Modern Home in California With Ties to Frank Lloyd Wright Lists for $7 MillionThis Extravagant L.A.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A $20 Million Oceanfront Home in Malibu Lists With an Infinity Edge Pool and Rose GardensThe newly built residence at 29600 Harvester Road in Malibu, CA is perched on over three acres with six bedrooms. You can own it for $20 million.
Read more »
Get Kacey Musgraves’ $945 Plaid Dress Look for $38 on AmazonSave over $900 when you opt for our Amazon dress pick over Kacey Musgraves' $945 plaid dress — find out more
Read more »
Bitcoin futures open interest reaches new high at $38 billionBitcoin futures open interest on centralized exchanges has reached a record level of $38 billion, data from CoinGlass shows.
Read more »
Climate Change Will Cost Global Economy $38 Trillion Every Year Within 25 Years, Scientists WarnI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Read more »
Climate Change Will Cost Global Economy $38 Trillion Every Year Within 25 Years, Scientists WarnI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Read more »
A Healthcare Mogul Is Selling an Oceanfront South Florida Compound for $82 MillionThe three contiguous parcels in Vero Beach consist of two homes and a vacant lot, with a combined total of 400 feet of beach frontage.
Read more »