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      David Spade’s Former Malibu Home Is Up for Rent at $59,000 Per Month

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      Richard Saghian has long been active on the SoCal real estate scene, where he’s known for investing in ultra-luxe properties. Back in 2022, the founder and CEO of the apparel juggernaut Fashion Nova famously doled out $141 million at auction for The One megamansion in the Bel Air neighborhood of Los Angeles. Less than a year later, though he already owned an oceanfront residence in Malibu, he splashed out another $40 million in an all-cash deal for a larger home along ritzy Carbon Beach. Now he’s hoisted his first Malibu home, this one on coveted La Costa Beach, on the rental market, asking a hefty $59,000 per month.

      With four bedrooms and an equal number of baths spread across almost 3,800 square feet of fully furnished living space on two levels, the coastal spread offers more than enough room for any like-minded billionaire to relax in complete comfort and style. Saghian purchased the property from Netflix co-CEO Ted Sarandos and his wife Nicole Avant in spring 2021 for a speck over $14.7 million in cash, which is $4.5 million more than the couple paid comedian and actor David Spade for the place in 2013.

      The glass-lined living and dining area steps up to a cozy family room.

      Tyler Hogan

      RELATED: ‘Dumb and Dumber’ Producer Brad Krevoy Lists His Ocean-View Malibu Estate for $8.5 Million

      Saghian’s newly listed rental is secured from bustling Pacific Coast Highway behind a two-car garage and a gated entry that opens into a brick courtyard accented by a stone Buddha fountain and flowering bougainvillea plants. There’s also a dark-bottom plunge pool and a cabana that’s equipped with a seated bar. Originally built in 1996, the Mediterranean-influenced villa underwent an extensive renovation during Spade’s ownership, complete with dark hardwood floors, high ceilings, and multiple sets of arched glass French doors spilling out to an expansive oceanside deck ideal for alfresco lounging and entertaining.

      The quarter-acre property is centered around a brick courtyard hosting a dark-bottom plunge pool.

      Marc Angeles

      RELATED: Inside a $10 Million Malibu Beach House That Feels Like You’re Floating on the Ocean

      Main-level highlights include a combined living and dining area with a fireplace and steps leading up to a cozy family room, as well as an adjacent kitchen outfitted with top-tier Viking appliances and a breakfast bar. A sky-lit staircase heads upstairs, where a fireside primary suite boasts a balcony, a separate den/office, and a spa-inspired bath spotlighted by a large oval soaking tub.

      The rental listing, which includes a onetime $118,000 security deposit, is held by Branden Williams and Rayni Williams of The Beverly Hills Estates and Stuart Vetterick of Westside Estate Agency.

      Click here for more photos of the La Costa Beach residence.

      Marc Angeles

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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      Lionel Messi Places a $232 Million Value on His Real-Estate Portfolio in Spain

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      Lionel Messi is ending the year by making an interesting move—but it has nothing to do with soccer.

      The athlete has listed his real-estate properties in Spain on a small Spanish stock exchange, valuing them at $232 million, Bloomberg reported on Tuesday. The company, Edificio Rostower Socimi, is being listed on the digital-only Portfolio Stock Exchange as a real-estate investment trust. It owns seven hotels, commercial real estate for shops and offices, and houses.

      Messi’s decision to list Rostower happened swiftly, Bloomberg noted, as the company became a real-estate investment trust (REIT) in mid-December. The share price was set at just less than $60 on Monday. In Spain, REITs receive a special tax rate lower than that of other companies, and investors usually list them to meet legal requirements for that tax regime rather than to raise money.

      While Messi was born in Argentina and plays for a soccer team based in Miami, he spent most of his life in Spain, Bloomberg wrote. He moved to the country when he was just 12 years old to play for FC Barcelona’s youth teams. Since then, he’s become one of the most well-known athletes in the world, and his memorabilia regularly sells for a pretty penny on the auction block. Earlier this year, for example, a napkin outlining his first FC Barcelona contract was expected to fetch more than $380,000. And a set of his World Cup jerseys came with an estimate of more than $10 million in 2023.

      When it comes to his Spanish real-estate holdings, Messi acts as the chairman of Rostower’s board, Bloomberg reported. Over the past couple of years, the company has posted losses. Still, its $232 million valuation is quite substantial.

      Outside of Spain, Messi has a number of other real-estate holdings, too. Just last year, he shelled out $10.8 million on a waterfront mansion in South Florida. That added to his footprint in the Sunshine State, where he also owns at least three multimillion-dollar condos in a Miami suburb.

      He may be one of the most prolific on the soccer pitch, but Messi is also making his name known on the real-estate market, both stateside and in Spain. When he eventually decides to retire from pro sports, he’ll have his pick of where to spend his time.

      Authors

      Tori Latham

      Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…

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      Bono Is Behind the Recent Purchase of a $7 Million Home in Los Angeles

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      Last year, the Hollywood Reporter cited an unidentified source who claimed that Bono is one of the investors behind a spec-built avant-garde mansion that sits at the end of a swooping drive on a high knoll in the foothills just above L.A.’s Sunset Boulevard. The main part of the residence includes a distinctive triangular section that hovers over the lower floor and is visible as one drives north on Fairfax Avenue.

      Robb Report cannot confirm the music industry icon’s involvement in the by-any-standard spectacular residence, but records reveal that the legendary frontman and international activist, who closed a residency at the Sphere in Las Vegas earlier this year, is involved in the purchase of a nearby home that recently traded for $7 million. Records show that Paul Hewson, Bono’s real name, is the managing agent behind the LLC that acquired the hillside home.

      Images of the snazzy pad have largely been scrubbed from the internet. However, property records and archived listings show the home was built almost 25 years ago and has since undergone a sleek, contemporary makeover. Interior spaces include a double-height entrance gallery, a three-story travertine-clad wall alongside a wood and glass staircase, and an open-plan chef’s kitchen with a Moroccan tile backsplash. In the light-filled combination living and dining room, an automated wall of glass slides open to a glass-railed balcony with knee-buckling views.

      RELATED: This Hollywood Hills Home Above L.A.’s Sunset Strip Was Custom-Designed For Absolute Privacy

      There’s a fireplace and a private balcony in the top-floor primary suite, along with a swanky walk-in closet and a spacious bathroom. And on the lower floor, a glass-encased wine display case is nipped under the stairs next to a TV lounge that is warmed by a linear fireplace. Another vast bank of glass slides open at the touch of a button to another sun-splashed terrace, this one with an infinity-edge pool and spa that cantilevers over the hillside and a remote controlled outdoor television that rises on a hydraulic lift so that it can be viewed from the spa or while relaxing on the poolside loungers.

      It’s not clear if the property was acquired for personal use or as an investment, but Bono and his high school sweetheart wife Ali Hewson are known to have several other homes across the world, including a substantial estate with a tennis court and a swimming pool perched above Killiney Beach outside of Dublin, Ireland; a seafront villa in the South of France; and a penthouse in one of the towers at the elegant San Remo apartment house on New York’s Central Park West, which they scooped up back in 2003 for around its $14.5 million asking price from late Apple co-founder Steve Jobs.

      Authors

      Mark David

      Mark David got his start writing about real estate with the saucy cult-favorite blog The Real Estalker, on which he obsessively tracked the secretive world of celebrity property transactions. A much…

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      Elizabeth Arden’s Former South Carolina Summer Home Can Be Yours for $3.3 Million

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      Almost six decades after she died of complications from a heart attack at age 81, Elizabeth Arden’s former South Carolina vacation home is now up for grabs—complete with red-hued front doors that readily call to mind her eponymously named cosmetics empire’s signature fragrance and salons.

      Tucked away in the historic town of Summerville, about 25 miles from downtown Charleston, and famously occupied by the legendary Canada-born beauty mogul from 1938 to 1954, the Victorian-style residence is now on the market for a dash under $3.3 million. The listing is held by Taylor Charpia of Taylor Charpia Real Estate.

      A pair of posh parlors each have their own fireplace.

      Jon Javier/Virtual Realty

      RELATED: This $13.5 Million Residence in Downtown Charleston Offers a Fresh Take on Historic Architecture

      Built in the early 1800s by A.J. Baird for Charleston attorney Samuel Lord and described in marketing materials as a “rare blend of pedigree, history, and sophistication,” the stately white wood-sided home was also occupied during its history by New York stockbroker Ogden Phipps and his socialite wife Lillian Bostwick Phipps, whose eldest daughter was fashion designer Lilly Pulitzer. Records show the place was last sold in 2022 for nearly $1.9 million to Ron and Allison Wehtje, who subsequently undertook an extensive renovation in collaboration with interior designer and TV personality Gray Benko.

      Hidden away behind a wrought-iron gate amid a lushly manicured parcel spanning over an acre, the compound includes a main home and a trio of guest cottages that are currently being used as short-term rentals—for a combined total of nine bedrooms and 12 baths in 8,400 square feet. Other structures include a pool house and a detached garage.

      The pool sits alongside a pool house with a kitchen and a covered patio for entertaining.

      Jon Javier/Virtual Realty

      RELATED: This Custom-Built Oceanfront Mansion on South Carolina’s Kiawah Island Exudes Southern Glamor

      As for the primary six-bedroom dwelling, it has nearly 6,400 square feet of three-level living space boasting the original heart pine floors, 12-foot ceilings, hand-carved molding, an elevator, and six fireplaces. Highlights include a wallpaper-clad entry foyer and hallway that flow to dual parlors, both painted bubblegum pink, and a formal dining room that seats up to 14. Elsewhere is a bookshelf-lined study, a designated bar room, and a spacious brick-accented sunroom, plus a gourmet kitchen outfitted with a high-end Viking range and an accompanying breakfast nook.

      Outdoors, the landscaped grounds are laced with live oak trees and host formal gardens adorned with a life-size chessboard and a secret swing. A freeform pool is nestled alongside the aforementioned pool house, which has two baths and a fully equipped kitchen that opens to a covered entertaining patio warmed by a fire pit.

      Click here for more photos of Elizabeth Arden’s former vacation home.

      Jon Javier/Virtual Realty

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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      Fashion Mogul Julie Wainwright Just Sold Her Modern Beverly Hills Home for $10.7 Million

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      Barely three months after Julie Wainwright put her strikingly modern residence in a prime pocket of Beverly Hills up for sale at nearly $12 million, the founder and former CEO of The RealReal has already offloaded the property. Records show the Steve Hermann-designed home traded hands for a discounted $10.7 million, which is still around a million dollars more than she paid Tony & Guy co-founder Bruno Mascolo for the place in 2021. Compass real estate broker and Million Dollar Listing Los Angeles star Josh Flagg repped both sides of the transaction, describing it as “hands down the best deal in Trousdale Estates.”

      Built in 2009 and fully customized to suit Wainwright’s tastes during her tenure, the gated architectural-style structure is touted in the listing as having a “harmonious blend of elevated luxury”—from the alluring courtyard punctuated by terrazzo fountains to the chic interiors offering 4,500 square feet of single-level living space boasting vast expanses of glass providing seamless indoor-outdoor environs and sweeping city views from almost every vantage point.

      A spacious family room is outfitted with a wall of shelves and a sexy linear fireplace.

      Paul Barnaby

      RELATED: An Aspiring Race Car Driver Lists Her Peaceful Beverly Hills Retreat for $30 Million

      Highlights include a spacious living room outfitted with a wall of shelves holding sundry eye-catching trinkets and a sexy linear fireplace topped by a TV. A sleek Poliform kitchen boasts high-gloss floating cabinetry, dual ovens and an eat-in peninsula, while the formal dining area opens to the outside on two sides. Five ensuite bedrooms include a massive primary suite, which comes with a stone fireplace, a glass-enclosed dressing room, and a luxe bath sporting an Antonio Lupi soaking tub.

      Outdoors, the half-acre-plus grounds include an infinity pool and spa surrounded by a flat grassy yard, along with a teakwood deck and built-in benches ideal for relaxing and entertaining. In addition to a mirror-lined gym and an attached two-car garage, the full-fledged smart home also has automated window treatments, a state-of-the-art Control4 system, and a server room.

      An expansive teakwood deck and infinity-edge pool offer panoramic views that stretch to the ocean.

      Paul Barnaby

      RELATED: Charlie Puth Sold His $11 Million Midcentury House in Beverly Hills to Josh Flagg

      An internet and tech pioneer, Wainwright launched the online video site Reel.com in 1997 and later took the reins as CEO of Pets.com. After the tech bubble burst, the site collapsed under crippling $300 million debt soon after going public in 2000. The Purdue graduate was active in numerous other online startups before 2011, when she founded The RealReal. Though she stepped down as CEO in 2022, the company is still one of the world’s largest online marketplaces for the resale of authenticated luxury goods, with more than 27 million members and 19 retail sites nationwide.

      Besides her just-sold Beverly Hills digs, Wainwright, who has a reported $25 million net worth, also owns a $6.8 million condo on a high floor of a posh tower on the edge of New York City’s Financial District, near City Hall.

      Click here for more photos of the Trousdale Estates home.

      Paul Barnaby

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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