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

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    Brad Krevoy doled out a speck under $7.8 million for a bluff-top estate in the heart of Malibu, in the Sycamore Park enclave across Pacific Coast Highway from the Pacific Ocean, back in 2019. Now, five years later, the veteran entertainment industry executive’s coastal getaway has popped up for sale. But if you’re hoping to score the property, you’re probably out of luck. Records show it’s already under contract to be sold after barely a week on the market.

    Listed by Kathryn Bentzen of Coldwell Banker Realty for a speck under $8.5 million, the roughly 1.7-acre parcel is tucked away behind high walls and gates. Multiple structures include an Australian farmhouse-style main home, plus a guesthouse, a pool house with changing facilities and a gym—for a combined total of seven bedrooms and nine baths in about 6,400 square feet.

    The 1.7-acre spread has an Australian farmhouse-style main home surrounded by palm-laced grounds.

    Scott Everts/SAE Photography

    RELATED: A Filmmaker’s Laid-Back Malibu Home Sits Right on the Sand. It Can Be Yours for $20 Million.

    The fully updated two-story primary residence is adorned throughout with dark hardwood floors and soaring vaulted and beamed ceilings. Highlights include a living room sporting an ornate stone fireplace and French doors spilling out to a wraparound veranda, as well as a wood-paneled dining area that connects to a gourmet kitchen outfitted with stone countertops, dual islands, and a pricey La Cornue range. Five en suite bedrooms include a posh primary retreat flaunting a fireplace, a private patio, and a luxe bath equipped with dual vanities, a vintage clawfoot soaking tub, and a roomy freestanding shower.

    The living room is anchored by a stone fireplace enhanced with a sculpted surround.

    Scott Everts/SAE Photography

    Outdoors, the tropically landscaped grounds are laced with a variety of fruit trees and meandering pathways and host a heated pool and spa flanked by a decorative fountain on one side and a sundeck on the other. There’s also a grassy lounging spot warmed by a massive fireplace, along with a three-car garage and a separate service entry and parking spot at the lower end of the property.

    A charming wraparound veranda overlooks the pool and spa.

    Scott Everts/SAE Photography

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

    As co-founder and CEO of the Motion Picture Corporation of America, Krevoy has played a key role in the finance, development, production, and distribution of more than 100 film and TV projects. Among them: numerous holiday and family offerings for Hallmark and Netflix, including When Calls the Heart, the Christmas Prince trilogy, Falling for Christmas, and An Irish Wish. He’s also widely known for producing the blockbuster Farrelly Brothers comedy Dumb and Dumber.

    In addition to the Malibu compound, Krevoy and his fellow producer wife Susie maintain a primary residence in the seaside Santa Monica community of Los Angeles that they purchased four decades ago for just under $1.5 million. Per Zillow, that place currently has an estimated value of around $12.7 million. More

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      Star Moves: Byron Allen Sheds His Aspen Getaway, While Nicolas Cage and Claire Danes Pick Up New Digs

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      This week in celebrity real estate transactions, Byron Allen sold his fully furnished Rocky Mountain retreat, Nicolas Cage picked up an oceanfront home in Malibu, and word on the street is Claire Danes and Hugh Dancy have settled into a new townhouse in New York City.

      Barely three months after Byron Allen flipped a couple of multimillion-dollar homes in Beverly Hills up for sale at $40 million, the comedian-turned-media mogul has sold a modern mansion in the Colorado ski resort town of Aspen in a hush-hush off-market deal for $60 million, or a whopping $33 million more than the CEO of Entertainment Studios paid for the David Johnston-designed spread in 2020. Built in 2015 and resting on almost an acre of land just steps from the Roaring Fork River, the seven-bedroom house has roughly 9,000 square feet of remodeled living space overlooking the surrounding mountains. There’s also a Bulthaup kitchen and a heated pool. As first reported by The Wall Street Journal, Allen decided to sell because he wasn’t spending much time there. His personal property portfolio still contains numerous residences in premium locales such as New York, Maui, and Malibu.

      Meanwhile, on the West Coast, Oscar-winning actor Nicolas Cage recently plunked down $10.5 million for a beachside property nestled amid an exclusive gated thoroughfare in Malibu. Completed in the early 1990s, the four-bedroom, six-bath abode has nearly 4,000 square feet on four floors highlighted by a living room sporting a fireplace and a bar, a kitchen outfitted with Thermador appliances, and a fireside primary suite with a luxe bath. Sliding glass doors open the entire house to the Pacific, with other notable features including a two-car garage that has an elevator and an adjacent beach lot. Cage also owns a $2.85 million home in Las Vegas that he picked up in 2021.

      RELATED: Joe Jonas Buys in Brooklyn, Sarah Silverman Scoops Up the House Next Door, and More Celebrity Buys

      And in N.Y.C., Claire Danes and Hugh Dancy put their longtime townhouse in the West Village neighborhood of Manhattan up for sale last month at $9.75 million because they needed more space for their three children and frequent family guests. Saying they weren’t planning to go far and preferred to stay downtown, we hear through the property gossip grapevine they’ve already doled out $13 million for another townhouse near Gramercy Park, this one a 25-footer that was originally built back in the 1800s and has since been transformed into an “architectural masterpiece.” Spanning five levels and offering about 8,500 square feet, the swanky spread boasts a total of eight bedrooms and 10 baths, spacious living and dining areas, a sleek kitchen with a breakfast nook, a library, and recreation and media rooms. Topping it all off, literally, is a roof terrace. More

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      in Luxury

      Joshua Kushner and Karlie Kloss Scoop Up Harry Gesner’s Wave House in Malibu

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      A little over a year after it first splashed onto the market with a nearly $50 million price tag, a particularly eye-catching oceanfront beach house in the western reaches of Malibu has officially sold.

      As first reported by The Wall Street Journal, the buyers are Joshua Kushner and Karlie Kloss—he a venture capitalist and the brother of former President Donald Trump’s son-in-law Jared Kushner, and she a model and founder of a coding camp for girls—who doled out $29.5 million for the property, which was previously owned by the late and legendary record executive Mo Ostin. After popping up for sale in June 2023, the ask was reduced to $42.5 million before going to the couple at a substantial discount.

      Wave House is located next door to Harry Gesner’s longtime residence dubbed the Sandcastle.

      Berlyn Photography

      RELATED: Kanye West’s Gutted Tadao Ando-Designed Malibu House Sells at a Whopping $36 Million Loss

      Designed by self-taught and wildly imaginative midcentury architect Harry Gesner in the early 1960s for friends and fellow surfers Gerry and Glenn Cooper, Wave House rests amid a 0.7-acre parcel on a beach in a secluded cove. The home is easily recognizable with its jagged, undulating roofline resembling a series of cresting waves and donning hand-cut copper shingles evoking the scales of a fish. The place also looks somewhat like a sea turtle when viewed from above.

      Once inside, six bedrooms and eight baths are filtered across just over 6,400 square feet of living space boasting bleached hardwood floors, vaulted ceilings with whitewashed beams, and vast expanses of glass. There’s also a trio of circular wraparound decks, plus a detached garage/guesthouse.

      A circular sunken conversation pit in the main living area is centered around a large stucco fireplace.

      Berlyn Photography

      Featured in numerous advertising campaigns and the 2019 film Yesterday, and occupied at one time by British pop star Rod Stewart, the two-story structure’s main level has three sizable oceanfront living areas, including one with a massive fireside conversation pit, as well as a beachfront primary suite equipped with a hot tub and a sauna. Five more bedrooms can be found on the upper level, which stretches the entire width of the property.

      According to WSJ, the purchase adds to Kushner and Kloss’s coast-to-coast property portfolio, which includes a $21.5 million mansion in Miami and a $35 million penthouse in New York City’s Nolita neighborhood. The listing was shared by Chris Cortazzo and Zen Gesner of Compass, Dena Luciano of Douglas Elliman and Drew Fenton of Carolwood Estates; Cortazzo also repped the buyers.

      Click here for more photos of the Wave House.

      Berlyn Photography More

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      in Luxury

      Kanye West’s Tadao Ando-Designed Malibu House Sells at a $36 Million Loss

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      Back in fall 2021, Kanye West doled out a whopping $57.3 million in cash for an oceanfront Malibu house designed by noted Japanese architect Tadao Ando. Shortly afterward, the music mogul-turned-Yeezy fashion designer controversially gutted the residence in preparation for a redesign, ripping out all the windows, doors, and interior finishes before changing his mind and flipping the vacant and uninhabitable concrete shell back on the market this past January at a steep $53 million. Alas, there were no takers, and within a few months the price had been slashed all the way down to $39 million. Now, after nearly three years languishing and exposed to the elements, the property is finally in escrow to be sold for $21 million—a staggering $36 million less than West paid.

      As first report by The Real Deal, the discount-minded buyer is Belwood Investments, a California-based real estate crowdfunding firm that’s been flipping homes since 2018. The new owner plans to raise at least $5 million to restore the unfinished property to its original state over the next 12 to 16 months and then put it back up for sale at around $40 million.

      “We are incredibly excited about the acquisition of this property,” said Belwood founder and owner Steven “Bo” Belmont via a press release. “This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu. This acquisition exemplifies Belwood Investments’ commitment to transforming properties with historical and architectural significance while delivering exceptional returns for our investors.”

      The Malibu Road home before West stripped it of windows, doors and all interior fittings.

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      Originally designed and built for financier and art collector Richard Sachs by the Pritzker Prize-winning Japanese architect, the 4,000-square-foot residence was completed in 2013 in collaboration with the architecture firm Marmol Radziner using 1,200 tons of concrete and 200 tons of reinforced steel. Though current photos are scarce, listings show the house was designed with four bedrooms and five baths in just over 4,000 square feet, with roughly 1,500 square feet of outdoor decks providing ocean views, but it’s currently devoid of plumbing, electrical, HVAC, and interior finishes.

      A broker price opinion report prepared for Belwood by Rugiero estimates the property’s final value once restored will top $50 million, while other brand-new or freshly rehabbed homes along this same stretch of sand typically go for around $20 million. However, the Brutalist structure is one of only a handful of U.S. buildings designed by the 82-year-old Ando, who’s been called “Hollywood’s favorite starchitect” and whose homes are regarded as “the hottest must-have among the super wealthy.” 

      In 2023, Jay-Z and Beyoncé paid $190 million for a much larger Malibu estate designed by Ando in a deal that remains one of the most ever paid for a California home. Kim Kardashian is planning to build an extravagant Ando-designed vacation mansion near Palm Springs, and Slack co-founder Stewart Butterfield and his wife Jen Rubio bought Tom Ford’s Ando-designed ranch in New Mexico in 2021 for $40 million.

      West, who remains a successful record producer and one of the best-selling musicians of all time, seems to be shifting away from real estate ownership. His other L.A. property, in Calabasas, where his now shuttered Donda Academy was located, has fallen into a state of neglect, and when he’s not out traveling the globe with his typically scantily clad wife Bianca Censori, he frequently bunks up for months at a time in some of the poshest hotels in Los Angeles, including the Chateau Marmont and the oceanfront Nobu Ryokan in Malibu. More

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      in Luxury

      This Malibu Retreat Starred in ‘The Canyons’ With Lindsay Lohan. Now It Can Be Yours for $7.3 Million

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      With its striking architecture and blockbuster views, a Malibu estate featured in the 2013 movie The Canyons is a character unto itself.

      And, if you’re here for Lindsay Lohan’s latest comeback era, you’ll be happy to know that the hilltop home where the Freaky Friday actress filmed the 2013 horror movie—part of an earlier comeback attempt for the child star turned reality TV pioneer turned nightclub impressario—has hit the market for $7.3 million. Russell Grether and Tony Mark of Compass hold the listing. The avant-garde abode at 21940 Lamplighter Lane had a starring role in the Paul Schrader-directed flick, which featured Lohan as Tara, alongside adult actor James Deen, who played her film producer boyfriend Christian. 

      Even though the low-budget project was considered a flop—it has a Rotten Tomatoes score of 21 percent—the sprawling 12-acre spread inevitably stole the show during the three-week shoot. Due to cost constraints, Schrader decided to work largely with preexisting locations, including the storied Chateau Marmont and the Palihotel Melrose serving as backdrops. The director, alongside writer Bret Easton Ellis, also held a polarizing crowd-funding campaign to raise money, which helped them secure the hilltop home in question. 

      The living room opens onto a covered patio with a horizon-line view over the Pacific Ocean.

      Marcelos Lagos Photography

      “One Kickstarter donor gave $10,000 to the production and another $10,000 to a designer so that Schrader could use his beautiful house in the Malibu hills for filming,” The Times reported back in 2013. “It was a significant break; the house was a stately pleasure dome with giant picture windows, a stairway leading to a pool, and a sweeping view to the sea. It quickly became the most dependable player in the film after James Deen.” 

      RELATED: This $1.1 Million SoCal House Had a Starring Role in ‘Poltergeist’

      Completed in 1978, the modernist digs were originally designed by architect Vitus Mataré. With nods to greats like Le Corbusier and Ludwig Mies van der Rohe, the dwelling sports dramatic angles and curved walls, contrasted by unobstructed views of the Pacific Ocean and Carbon Mesa. “The setting of this home is incredibly unique, situated on its own promontory,” Grether said in a statement. “The private road access makes all of Malibu easily accessible while having true panoramic views of the ocean and surrounding untouched mountains.” 

      The primary bedroom showcases a wood-clad ceiling and lots of windows with leafy mountain views.

      Marcelos Lagos Photography

      Altogether, the compound features four separate structures, including a main house with a two-car garage, a pool house, a detached carport, and a workspace that doubles as a gym or music studio. The four-bed, four-bath primary residence is decked out with vaulted wood ceilings and minimalist finishes. On the main level, you’ll find an open living area, a formal dining room, a kitchen, and an expansive covered patio. The detached workspace is notched into the hillside next to the house, where it has unobstructed views, while a corkscrew staircase winds down to the pool house that is tucked underneath the pool terrace. The sale also includes the lot next door at 2620 Coal Canyon Road. 

      RELATED: Inside a Chicago Home That Had a Cameo in ‘The Bear’

      “It’s extremely rare to find this level of privacy and acreage with ocean views that is still close to Pacific Coast Highway,” Mark added. “The property functions as a compound, offering countless spaces perfect for both unwinding and entertaining. The pool alone has to be one of Malibu’s best.” 

      Click here to see more photos of The Canyons house. 

      Marcelos Lagos Photography

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

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      in Luxury

      Tom Petty’s Longtime SoCal Home Just Popped Up for Sale at $19 Million

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      Hoping to run down that dream of owning a musically pedigreed SoCal home? Spare yourself a breakdown, because Tom Petty’s longtime main digs nestled within a gated enclave high above Malibu‘s Pacific Coast Highway are yours for the taking! All you need is a cool $19 million, and you can happily claim the coveted keys to the legendary musician’s Mediterranean-style estate—barring a bidding war, of course.

      Before his death in 2017 at age 66, Petty paid $3.75 million and change in spring 1998 for the place, which includes a main home, a separate guesthouse, and another structure that served as a recording studio—for a total of seven bedrooms and 10 baths in roughly 10,000 square feet of living space.

      The creamy stucco and terracotta-roof home is accessed via a portico entryway.

      Noel Kleinman Photography

      Originally built in the 1940s and retaining some of its original details, the gated structure rests on a 2.6-acre parcel and offers sweeping coastline views. The compound is “filled with love and musical creativity,” per the listing, which is held by Pamela Van Ierland with the Malibu office of Coldwell Banker Realty.

      As for the primary dwelling, the interiors are adorned throughout with dark hardwood floors, limestone accents, vintage light fixtures, and Spanish-tiled baths. Highlights include a spacious great room displaying a grand fireplace topped by hand-carved skylight covers (a personal touch from Petty). Also standing out is a gourmet kitchen with skylights, a central island, and an adjoining butler’s pantry, as well as a fireside dining room that seats up to 16, a wood-paneled library/TV area, and a music room where the rocker composed many of his popular tunes.

      The lush grounds are spotlighted by a pool and spa.

      Noel Kleinman Photography

      RELATED: One of L.A.’s ‘Most Interesting’ Estates Lists for $15 Million

      Elsewhere are a gym and a massage/yoga room, along with a sumptuous primary suite that sports a fireplace, French doors spilling out to a fountain-clad patio, a large walk-in closet, and a luxe bath equipped with a vanity station and another fireplace. Three more en-suite guest bedrooms open to a courtyard holding a seating area and a “dedicated study zone,” per marketing materials, with the lush grounds also hosting a pool and spa surrounded by a sundeck.

      In addition to the for-sale home, Petty’s estate still lays claim to a modest Pacific Palisades house. His oceanfront Malibu beach house swiftly sold to Canadian hotel mogul Salim Sayanin in early 2023 for nearly $10.3 million, or $400,000, over the asking price; and late last year, the musician’s widow, Dana York, paid $6.6 million for a revamped 1920s Spanish Colonial Revival-style home in L.A.’s Holmby Hills neighborhood. More

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      Yolanda Hadid’s Former Malibu Mansion Just Hit the Market for $35 Million

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      When this Malibu home first appeared on The Real Housewives of Beverly Hills back in 2013, the Mediterranean-inspired villa generated plenty of buzz for its poshly decked-out interiors. Viewers particularly swooned over the glass-front produce fridge, which even had its own social media accounts. Its then-owner Yolanda Hadid has since moved on to other residential circumstances—first to a penthouse in L.A. and then a farm in Pennsylvania—and her TV-famous former digs have just popped up for sale, asking a speck under $35 million.

      The former model and TV personality—mother to models Gigi, Bella and Anwar Hadid—acquired the property in 2007 for $4.5 million. She then set about extensively rebuilding every inch of the place that she would go on to share with her erstwhile Grammy-winning composer husband David Foster, working in collaboration with a reported team of 100 builders. Hadid sold the six-bedroom, 11-bath mansion eight years later, in 2015, for $19.5 million to Vista Equity Partners founder Robert F. Smith and his model wife Hope, who leased it out for $450,000 a month in 2019 to reality TV star and beauty mogul Kylie Jenner.

      The estate’s palm tree-laced grounds are spotlighted by an infinity-edge swimming pool.

      Juwan Li Photography

      Personal touches added to the residence during Hadid’s tenure include resort-style grounds spotlighted by an infinity-edge pool, a fire pit, an al fresco dining area, and a hillside lemon orchard. There’s a kitchen featuring an eat-in island, top-tier stainless appliances, a breakfast room, and that ever-popular fruit and vegetable refrigerator (aka a “frantry”), plus a formal dining area that sits across from a glam living room.

      Resting on a 3.2-acre bluff-top parcel across Pacific Coast Highway from the ocean, the stucco and terracotta-roof structure is described in the listing held by Daniel Milstein and Aaron Kirman of AKG | Christie’s International Real Estate as the spot “where Mediterranean charm meets Southern California perfection.” Featured is nearly 11,700 square feet of living space on three levels punctuated by soaring ceilings, dark hardwood floors, and walls of glass overlooking sweeping views of the Pacific and Santa Monica Mountains.

      RELATED: ‘Real Housewives’ Star Sonja Morgan Is Selling the Furniture From Her Famed Manhattan Townhouse

      The house’s infamous produce fridge (right) is still prominently featured in the current kitchen.

      Juwan Li Photography; @YolandasFridge/Instagram

      Some of the other standout features include a cozy family room that opens to a covered terrace warmed by a fireplace, as well as a wood-paneled study, a plush movie theater, and a wet bar-equipped game room. There’s also a tricked-out primary suite, which boasts a fireplace, a private balcony, a shelf-lined office nook tucked off to the side, and dual designer showroom closets and luxe baths.

      Relaxation is the name of the lower level’s game. Down there, you’ll find a double wine cellar with room for about 2,000 bottles and a spa oasis replete with a full mirrored gym, massage and cold-plunge rooms, and steam and sauna facilities. The amenities continue outdoors, with an attached four-car garage and a gated motorcourt that has additional parking space for at least 20 vehicles.

      The Dutch-born 60-year-old appeared on the Real Housewives of Beverly Hills for four seasons, from 2012 to 2016. She reportedly left the show to focus on her recovery from Lyme disease and was divorced from Foster in 2015. Today, Hadid reportedly lives a peaceful life on her Pennsylvania farm.

      Click here for more photos of Yolanda Hadid’s former Malibu house.

      Juwan Li Photography More

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      in Vacation Homes

      Exclusive: Pacaso Just Unveiled a New Collection of Co-Owned Luxury Vacation Homes  

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      If you’re thinking about investing in a vacation property this year, you’re not the only one. According to a 2024 trend report from Coldwell Banker, a whopping 40 percent of Americans plan on buying second (or even third) homes within the next year, and those in the market are finding a new way to pay for them, including something called co-ownership.

      Platforms like Pacaso offer buyers one-eighth shares in second homes so they can stay in high-end digs while also splitting the property with other like-minded folks throughout the year. The homes are managed and maintained by Pacaso, which eases the burden of upkeep. The company just launched the Estate Collection, aimed at affluent homeowners with residences available in one-eighth shares, starting at a cool $1 million each.

      “For luxury buyers, co-ownership offers a more convenient and hassle-free experience,” Pacaso CEO Austin Allison told Robb Report. “Pacaso handles everything from design and property management to finding local vendors like cleaners and landscapers. This allows buyers to simply show up, relax, and enjoy their vacation home.” 

      The Bennett Home in California’s Napa Valley is surrounded by vineyards.

      Pacaso

      The Estate Collection includes the most opulent homes in the platform’s portfolio, nestled within desirable, sought-after locations like Malibu, Aspen, Napa, Jackson Hole, and Mexico’s Cabo San Lucas. The newly added properties have all been personally designed by Pacaso, and they come fully furnished with a bevy of lavish amenities for making the houses feel like homes.

      “These buyers, who may have previously owned a traditional second home, may have experienced the challenges of designing, furnishing, and maintaining a multi-bedroom residence in a distant state or even another country, along with the inconvenience of upkeep throughout each season,” Allison said. “Consequently, many buyers have decided they no longer want to deal with the hassles of full vacation home ownership.” 

      The Hillside Home in Carmel, Calif. is priced at $1.63 million per one-eighth share.

      Pacaso

      “One of my favorites from the collection is our Infinite Road home,” adds Allison. “Set on 10 acres in the heart of Napa, the 6,800-square-foot home offers spectacular vineyard and valley views with modern finishes throughout.” Also in Napa, the collection includes the seven-bed, eight-bath Bennett Home. Priced at $1.65 million, the wine country retreat comes with a pickleball court, an outdoor kitchen, a swimming pool, and a fire pit.

      There’s also Hillside Home, a 6,670-square-foot stunner in Carmel asking $1.63 million per share, and Pacific Place, a four-bed new-build in Corona Del Mar priced at $1.2 million. Elsewhere in Wyoming, Harvest Ridge, priced at $1.68 million, is perched atop Spring Creek and sits on five acres in Jackson. Highlights here include a chef’s kitchen, a sauna, a private gym, and, of course, sweeping mountain views. Over in Nantucket, Cedar Isle provides a three-story main house, plus a guest dwelling and access to bike paths and nearby beaches. Spanning 6,800 square feet and priced at $1.48 million, a perk of this waterfront oasis is its swanky home theater.  

      “Because these destinations rarely ever see listings hit the market due to high demand and low inventory,” Allison said, “luxury buyers now have the chance to own a home in competitive markets.”

      Click here to see more photos of Pacaso’s new Estate Collection.  

      Pacaso

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

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      An Oceanfront Malibu Retreat Sells to Affordable Housing Guru for a Pricey $38 Million

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      Roughly seven years after it first popped up for sale with an impressive $57.5 million ask, a blufftop mansion in western Malibu’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.

      Property records reveal the buyer is Andrew Schwartzberg, managing partner of Washington, D.C.–based Pennant Housing Group, which specializes in the preservation, development and acquisition of affordable housing properties throughout the U.S. He also serves as a principal of SSC Partners, the Affordable Housing Management Group and Subsidized Rental Housing Investments, which collectively own more than 25,000 low- and moderate-income rental units.

      The sellers, per The Real Deal, were investors Mark Cirlin and Man Li-Yeh, who paid Friends co-creator Marta Kauffman and her now ex-husband Michael Skloff $10.7 million for the home back in 2017. The investors subsequently spent several years and millions more razing and rebuilding the premises in collaboration with architect Doug Burdge.

      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, while other amenities include 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. More