Inside Beyoncé and Jay-Z’s $313 Million Property Portfolio
Published on May 23, 2025
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David Duchovny’s Longtime Malibu Home Lists for $12.5 Million
David Duchovny acquired a landlocked 1950s abode in the gated Point Dume enclave of Malibu almost a decade ago and then proceeded to build a brand-new modern home in its stead. There, amid the site that he’s referred to as his “magical place,” the veteran film and TV actor also kitted out an existing train caboose where he went on to pen his 2021 novel Truly Like Lightning and record episodes of his Fail Better podcast.
The X-Files and Californication star has now chosen to part ways with his beloved digs and has the spot up for sale, asking $12.5 million—around $7.8 million more than he paid back in mid-2016. Based in New York at the time, Duchovny first rented the property from The X-Files writer/producer Chris Carter as a Los Angeles pied-à-terre before buying the property and making it his primary residence, according to The Wall Street Journal.
The living area has a wall of pivoting glass doors opening out to the backyard.
Cristian Cruzio
RELATED: Kanye West’s Former Malibu Home Sells for More Than $30 Million After Less Than a Week
Nestled beyond a gated driveway on just over an acre of land, the wood-sided structure has three bedrooms and five baths in roughly 3,580 square feet of open-plan living space with polished cement floors, high ceilings dotted with clerestory windows and skylights, and smart-home systems. Large pivoting glass doors provide seamless indoor/outdoor environs.
Standing out is the spacious great room, which holds a living room, a dining area, and a kitchen outfitted with custom cabinetry, stone countertops, and top-tier Miele and Fisher & Paykel appliances. The primary suite flaunts a walk-in closet, plus a luxe bath sporting a clawfoot soaking tub and a steam shower. Two more en-suite bedrooms each have white oak floors and built-in closets, while an office overlooks picturesque grounds hosting a lap pool and a sunken fire pit.
A vintage train caboose at the far end of the estate has been converted into a guest retreat.
Cristian Cruzio
RELATED: The Epic Pool at This $25 Million Malibu Home Will Make Your Favorite 5-Star Jealous
Topping off the listing, which is held by Chris Cortazzo of Compass, is a detached building that currently serves as a gym, as well as the aforementioned caboose-turned-guesthouse, which has its own living and sleeping area, kitchen, built-in dining nook, bath, and rooftop deck. The property also transfers with a deeded access key to a secluded beach.
Per WSJ, the 64-year-old New York native and two-time Golden Globe-winning actor has decided to sell because his children are grown. Duchovny, who recently launched his Secrets Declassified docuseries on the History Channel, reportedly still owns an apartment in New York and a house in Costa Rica.
Click here for more photos of the Point Dume residence.
Cristian Cruzio
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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Kanye West’s Former Malibu Home Sells for More Than $30 Million After Less Than a Week
Well, that was fast.
The concrete home in Malibu that Kanye West infamously abandoned is being sold for more than $30 million less than a week after hitting the market, The Wall Street Journal reported. The Tadao Ando–designed property is being snapped up by Andrew Mazzella, a luxury-home developer who works primarily in Montana.
“California and L.A., specifically Malibu, is the highest level there is and I’ve always wanted to get to the highest level,” Mazzella told the WSJ. “This is me kicking down the door.”
Some 1,200 tons of concrete were used to construct the beachfront home.
Roger Davies
The 4,000-square-foot home has a rather interesting history, to say the least. West threw down a whopping $57.3 million for the estate back in 2021, then completely gutted the place. Before he could complete the renovation, he stepped away from the project, eventually listing the mansion in 2023 and selling it to the crowdfunding company Belwood Investments for just $21 million, a massive loss even for a billionaire.
Steven “Bo” Belmont, the owner of Belwood, began an $8.5 million renovation of the abode in the hopes of returning it to its original condition, The Wall Street Journal noted. But he also changed his mind and spun it back on the market just last week, with a price tag of $39 million. While the exact amount that Mazzella is paying isn’t yet public, Belmont told the newspaper that the contract price is between $30 million and $34 million, which Mazzella confirmed.
The four-bedroom home measures in at 4,000 square feet.
Roger Davies
To fund the purchase, Mazella is raising money from third-party investors, the WSJ wrote. The developer is planning to move to Malibu for the rest of the year to see the renovations through, at which point he wants to once again place the home up for sale, this time for an eye-popping $55 million to $65 million. In the deal, Mazzella is being represented by Amanda Lynn at Nest Seekers International, while the Ando home was listed by Jason Oppenheim of the Oppenheim Group and Mauricio Umansky of the Agency.
This brings the estate’s saga to an end—for now—but the home’s got a long way to go until it becomes an attractive prospect to someone who wants a move-in-ready property. When he was still the owner, West took out all the doors, windows, and interior finishes. In the past year, Belmont has made some improvements, including redoing the roof and installing new plumbing and electrical systems. Still, Mazzella has his work cut out for him.
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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Kanye West’s Infamously Gutted Former Malibu House Pops Back Up for Sale After 6 Months
Just six months ago, Steven “Bo” Belmont was jazzed about having acquired a Tadao Ando-designed house in Malibu from Kanye West for a discounted $21 million. At the time, the founder and owner of Belwood Investments, a California-based real estate crowdfunding firm that’s been flipping homes since 2018, aspired to raise at least $5 million to restore the unfinished property during the next year or so to its original state and then hoist it back up for sale at around $40 million.
“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,” Belmont said via a press release. “This acquisition exemplifies Belwood Investments’ commitment to transforming properties with historical and architectural significance while delivering exceptional returns for our investors.”
But that was then. Belmont has now decided to put the place back on the market a little sooner and a lot more incomplete than expected. He’s asking a substantial $39 million for the oceanfront spread, which is listed by Jason Oppenheim of The Oppenheim Group and Mauricio Umansky of The Agency.
The four-bedroom, five-bath home clocks in at just over 4,000 square feet.
Roger Davies
Records show the increasingly erratic music mogul-turned-Yeezy fashion designer doled out a whopping $57.3 million in cash for the residence in fall 2021 and then controversially gutted the place in preparation for a redesign. He proceeded to rip out all the windows, doors, and interior finishes before changing his mind and flipping the vacant and uninhabitable concrete shell back on the market in early 2024 at $53 million. The price was later slashed to $39 million, and after languishing and sitting exposed to the elements for nearly three years, it finally sold for $21 million, a staggering $36 million less than West paid.
Originally designed and built for financier and art collector Richard Sachs by the Pritzker Prize-winning Japanese architect, the brutalist structure was completed in 2013 in collaboration with the architecture firm Marmol Radziner using 1,200 tons of concrete and 200 tons of reinforced steel. Per marketing materials, the house has four bedrooms and five baths in just over 4,000 square feet, with roughly 1,500 square feet of outdoor decks providing ocean views.
Though the property is still unfinished, it does have new framing, plumbing, and electrical systems, as well as a redone roof.
Roger Davies
Lacking plumbing, electrical, HVAC, and interior finishes at the time he scooped it up, Belmont has since completed the framing, installed new plumbing and electrical systems, redone the roof, and is waiting for glass for the windows to arrive from Germany. The investor recently told The Wall Street Journal that he doesn’t intend to abandon the construction that is already under way and will continue to work on the mansion until he receives a fair offer. If one doesn’t come about, he added, he will list the property for between $55 million and $65 million closer to completion, which is expected by early 2026. Several unsolicited offers have already come in during the past few months, including a $30 million overture from a Montana developer and a $28 million submission from a local builder. “I’m obviously not going to take that,” he said, “but there’s been a lot of activity.”
A broker price opinion report prepared for Belwood by Rugiero at the time of purchase estimated the property’s final value once restored would top $50 million, while other brand-new or freshly rehabbed homes along this same stretch of sand typically go for around $20 million. However, it 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.”
The brutalist structure has roughly 1,500 square feet of outdoor decks overlooking the Pacific.
Roger Davies
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.
After he offloaded his Malibu home, West paid $35 million in an off-market deal for a glitzy Richard Landry-designed contemporary mansion in the guard-gated Beverly Park neighborhood of Los Angeles that had previously belonged to Perfect 10 magazine founder Norm Zada, as well as the late Saudi billionaire Sheikh Saleh Abdullah Kamal. His other L.A. property in Calabasas, where his now-shuttered Donda Academy was located, has fallen into a state of neglect.
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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Renée Zellweger’s Former SoCal Home Hits the Market for $8 Million
Soon after she began dating reality TV star Ant Anstead in 2021, Renée Zellweger sold her secluded, hacienda-style retreat in Southern California for $6.4 million. The two-time Oscar-winning actress went on to rent a waterfront compound directly across the street from her beau’s bungalow in the seaside enclave of Laguna Beach; and while she and […] More
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David Spade’s Former Malibu Home Is Up for Rent at $59,000 Per Month
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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‘Dumb and Dumber’ Producer Brad Krevoy Lists His Ocean-View Malibu Estate for $8.5 Million
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
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
- in Luxury
Joshua Kushner and Karlie Kloss Scoop Up Harry Gesner’s Wave House in Malibu
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
