Malibu

Ten years ago, fresh off her divorce from actor Orlando Bloom, a newly single Miranda Kerr paid $2.2 million for a 0.73-acre property in the far western reaches of Malibu, sequestered at the end of a little-known cul-de-sac above Pacific Coast Highway. Since then, much has changed. The former Victoria’s Secret model is now married to billionaire Snapchat CEO Evan Spiegel, with whom she shares an international portfolio of lavish estates and several children.

So while the Kerr-Spiegels have continued to use the Malibu home as a local getaway, it’s probably no surprise that the couple has now opted to unload the relatively petite spread, a hillside compound comprised of four separate buildings. The nearly $4.5 million asking price reflects the numerous custom upgrades Kerr has made to the place during her decade of ownership, plus the continued surge in Malibu property values. It’s worth noting that the property also has a rich Hollywood history—for decades, until his 2009 death in this house, the place was owned by acclaimed actor James Whitmore, perhaps best known to the current generations for his prime role in the 1994 film The Shawshank Redemption.

The all-white main house features breezy, open-plan living space and windows that frame peek-a-boo views of the ocean.

Marcelo Lagos

In the single-story, nearly 2,200-square-foot main house, open plan and all-white living areas includes aliving room with wide-plank wood floors, a raised hearth stone and fireplace surrounded by built-in bookshelves, a vaulted and beamed ceiling, and a pentagonal wall of windows with a serene, through-the-trees ocean view. The adjoining and also ocean view dining area has glass sliders on two walls and is divided from the upgraded kitchen by a stool-height snack counter.

Two family bedrooms share an unusually spacious hall bathroom with wood floors, dramatically vaulted and sky-lit ceiling and a huge tiled vanity. The master bedroom offers several Palladian-style windows with whitewater views, access to an ocean view deck and a renovated bathroom with an oversized and skylit shower space.

There’s a brick terrace around the swimming pool and attached spa as well as a vast, partly covered and trellis-shaded deck that wraps around the dining room end of the house and makes a broad run the full length of the house. Tall trees and towering bamboo shoots that shade the deck both obscure and frame glimmering vistas over the ocean.

Also on the lush property are a pond suitable for koi, large wooden decks and off-street parking for a dozen or more cars.

Marcelo Lagos

The three other structures on the property are comprised of a 684-square-foot pool house equipped with a gym and changing facilities, plus two hillside guesthouses—both of them weighing in at under 500 square feet but one slightly larger than the other. All told, the property offers six bedrooms, five full bathrooms and a single powder room. Brian Goldberg of Luxury Malibu Property holds the listing.

For the moment, Kerr and Spiegel mainly reside in L.A.’s Brentwood neighborhood, in a $12 million mansion once owned by Harrison Ford. The couple also maintains a $30 million villa in Paris, France, a vineyard estate in Kerr’s native Australia and a $120 million mega-estate in Holmby Hills that’s finally nearing completion after years of construction. Spiegel, who was raised in L.A.’s posh Pacific Palisades neighborhood, also continues to own the very first house he ever bought — a charming $3 million “cottage” on a narrow street in Brentwood.

Click here for more photos of Miranda Kerr’s Malibu house.

Marcelo Lagos More

Move over Larry Ellison, there’s a new mogul cutting into your longtime Malibu turf. On exclusive Carbon Beach, where Ellison owns no fewer than 13 houses, two eye-catching contemporary homes recently sold. Back in August, a 5,600-square-foot 1990s build went for $26.7 million, and now a 4,000-square-foot stunner about 12 doors away just closed for $28.5 million.

Records reveal both lavish beach houses were bought by the same man: Gary Friedman, the billionaire chief executive of the high-end furnishings juggernaut formerly known as Restoration Hardware.

It’s not clear why Friedman wants or needs two spacious and vaguely similar-looking houses on the same stretch of sand, but it’s entirely possible that one will serve as his temporary “crash pad” while the other is undergoing renovations, or perhaps one is intended to be guesthouse for friends and family.

Friedman’s second Carbon Beach house is a 1950s structure that’s been radically reimagined in recent years.

Whatever the case, Friedman’s latest acquisition has a bit of a interesting ownership history. From 2018 until 2021, the house was owned by billionaire Robert F. Smith, who used the place as a high-end income property, frequently renting the place out to short-term tenants. In late 2021, Smith sold the house for $21.8 million to noted property developer Saffron Case and her husband Timothy. The Cases held onto the place for two years, giving it a thorough remodel, before flipping it to Friedman for the aforementioned $28.5 million.

Guarded by an electronic driveway gate, the redwood-sided structure includes an expansive great room adorned with custom rift cabinetry and plaster walls, plus a separate bar area. Fully remodeled, the kitchen includes stone countertops and white oak cabinetry. Three of the home’s bedrooms are located on the main floor, while the lavish primary suite rungs the full length of the house and includes a private office, a spa-style bathroom and boutique-style closet.

Out back, a 60-foot wooden deck fronts the beach. Ideal for entertaining, the backyard area also includes a built-in barbecue center, a fire-pit and an outdoor shower for hosing off the sand.

With just one brief interruption, Friedman has been CEO of RH, the company formerly known as Restoration Hardware since 2001, and has overseen multiple reinventions of the luxury home furnishings retailer. Today, the San Francisco native sports a net worth that tops $1.6 billion, per Forbes. In addition to his two new Carbon Beach retreats, he also maintains a Beverly Hills mansion, that recently popped up for sale with a $44 million asking price. Last year, the San Francisco native sold a half-built Los Angeles estate for $24 million to an anonymous buyer. More

Just two years ago, Kanye West was still flying high on the success of his billion-dollar Yeezy sneaker brand. He bought two separate Wyoming ranches, including one that spanned more than 3,000 acres. The money seemed endless; he also shelled out $57 million, in cash, for an oceanfront Malibu house designed by famed Japanese architect Tadao Ando. And in the midst of his acrimonious divorce from Kim Kardashian, he bought a house directly across the street from her Hidden Hills residence, just because.

Both California properties are gone and going, respectively — that Hidden Hills house was recently sold at a six-figure loss, while the Malibu manor is now up for grabs at $53 million. Even in the unlikely event of a full-price offer, West stands to lose many millions of dollars on the property, once realtor fees and closing costs have been factored into the equation. And it’s not even clear if he ever spent a night at the house, which was completely gutted during his ownership.

The current listing, held by Selling Sunset star Jason Oppenheim of the Oppenheim Group, includes a few years-old photos of the place. But it doesn’t look anything like that today—aerial imagery shows most all of the walls and doors are now gone, and the interior finishes have likely made their way to a landfill. Oppenheim told the Wall Street Journal that a buyer will need to spend “several million dollars” just to make the house livable.

In its current state, the Malibu home will require millions of dollars in renovation costs alone.

Backgrid

West had intended to redesign and update the 4,000-square-foot structure, but that was shortly before Adidas parted ways with the 46-year-old rapper due to his numerous antisemitic remarks, allegedly leaving his finances in disarray. As it stands now, the building is a concrete shell exposed to the elements. Railings and metal trim pieces around the house have visibly rusted, likely beyond salvageability.

It will be interesting to see what sale price the oceanfront property eventually commands—particularly because it sits cheek-to-jowl next to other homes, nearly all of which are worth a mere fraction of West’s $53 million sticker. But this home does benefit from its unique pedigree; it’s one of the few stateside residences ever designed by Ando, who has become one of the billionaire elite’s most sought-after architects.

West, who remains one of the world’s most successful record producers and one of the best-selling artists of all time, is likely nowhere near poor. But he seems to be shifting away from real estate ownership—when he’s not out traveling the globe with “wife” Bianca Censori, he frequently bunks up for months at a time in some of L.A.’s most expensive hotels, including the oceanfront Nobu Ryokan. More

Over the past two decades, the vast wealth created by the emergence of Silicon Valley has also created enormous opportunity for a handful of particularly savvy and well-networked wealth managers. The most successful of those managers have carved out a niche catering to the valley’s famously clannish billionaire elites.

But very few wealth managers anywhere have been as successful as Michael Anders and his San Francisco-based, famously secretive outfit Iconiq Capital. Described by Forbes in 2014 as “an obscure Silicon Valley firm” that’s technically an ordinary registered investment advisory, the 12-year-old company has been molded by its founders—Divesh Makan, Will Griffith, Chad Boeding and Anders—into a highly exclusive billionaires club that “operates as a cross between a family office and a venture capital fund.”

Today, Iconiq’s client list reads like a who’s-who of Silicon Valley greats. But their most famous client, and the inarguable key to their success, is Mark Zuckerberg, who met Makan in 2004—back when Facebook was still in diapers. Zuckerberg gave fledgling Iconiq a big name in Silicon Valley, and the company’s client roster now includes many of the area’s most high-profile billionaires, including Sheryl Sandberg and Dustin Moskovitz, LinkedIn’s Reid Hoffman and Twitter’s Jack Dorsey. Also now clients of Iconiq are folks outside tech’s inner circle—billionaire hedge funders David Bonderman, Henry Kravis, and Tiger Global Management’s Chase Coleman, all of whom have nabbed seats on the company’s board of directors.

At the beginning of 2022, Iconiq had more than $80 billion in assets under management, ranking the secretive firm as one of the country’s fastest venture capital/private equity success stories. And while it’s not exactly clear how much money has trickled down to Iconiq’s executive ranks, it’s certainly been kind to the net worth of Anders. Back in May, the Columbia University grad paid cash for a $6 million shack, of sorts, on Malibu‘s Point Dume.

Built in 1953, the two-bedroom cottage features big grassy lawns in its front and backyards.

Kensington & Beverly

Measuring in with two bedrooms and two bathrooms in just 1,300 square feet, the 1950s ranch-style house is resolutely unremarkable but somehow charming with its glitz-free nature. Last sold in 2021 for $5 million, the structure was offloaded to Anders by Dictionary.com cofounder Brian Kariger.

Because this deal was inked off-market, current photos are scant. But we do know that the house was recently remodeled, with new hardwood floors, a new and refreshingly simple kitchen, two new storage sheds and a newly spiffy two-car garage. The landlocked structure sits out of sight behind gates, a long driveway and a tall hedge for privacy.

Still, it’s clear that despite the bungalow’s attributes, the real value here is the land. The home sits on a 1.3-acre flat parcel, making it one of the bigger properties on Point Dume, and it also transferred with a coveted beach key to Malibu’s celebrity-loved and semi-private Little Dume Beach. And while it’s not yet clear what Anders’ longterm plans are for the property, it’s entirely possible he could already be designing a new home worthy of a multimillionaire wealth manager to take this one’s place. More