The numbers alone are impressive:
10,000+ square feet
6 bedrooms and 9 bathrooms
6-car garage and parking for 25+ cars
And a meticulous 5-year restoration
They all add up to one spectacular, three-level Malibu home with views stretching from Palos Verde to Point Dume.
The open plan home, on a gated .67-acre cul-de-sac lot, is designed for indoor-outdoor living and entertaining. Environmentally friendly window walls lead to stunning decks, including a private one off the owners suite.
The angled living room and stone bar area open wide to an outdoor dining space. The ocean-view dining room seats 14-plus, or grab a stool at the kitchen’s wood-and-stone island. Stainless appliances and countertops line the home’s catering kitchen with a custom wine, cheese and chocolate closet.
The home includes a wine cellar and tasting room, and the ocean-view office features a kitchenette.
The rooftop entertaining area and outdoor terraces are all about taking in views of the ocean and pool. Looking for the ultimate in relaxation? Check out the custom spa on the top terrace. An indoor sauna is part of a fully equipped lower level gym that opens to the pool and an outdoor kitchen with bar seating.
The home comes turnkey, fully furnished and professionally decorated.
How we estimated this 1/8 share price
We used market data to estimate the cost of turning this home into a Pacaso, which includes a full design makeover, LLC formation, and finding qualified owners.
|Purchase PriceWhole home: $17,750,000||$2,218,750|
|Home Upgrades & ClosingInterior design, furnishings, inspection & title||$31,250|
|Pacaso Service FeeBuyer aggregation, legal & financing||$250,000|
|Estimated 1/8 Ownership44+ nights per year||$2,500,000|
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Courtesy of - Chris Cortazzo, Compass
Cal BRE# 01190363
Whole home list price: $17,750,000
All listings are represented by licensed independent brokerages.