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Malibu 

Agence France-Presse

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1718765678450carlos-bastias-CaRTG60aBdI-unsplash.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"><em>Carlos Bastias, Unsplash </em></span> </span></span></span></div><p><span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">LOS ANGELES, California — </span>It&#x27;s a price tag that you&#x27;ll probably have to take a second look at: the founder of eyewear maker Oakley just sold his Malibu home for a whopping $210 million.</p><p>The uber-luxury pad — which is a lot of money even by the jaw-dropping standards of Malibu&#x27;s expensive real estate — is now the costliest home ever to be sold in California.</p><p>The sum tops the mere $200 million that Jay-Z and Beyonce lavished last year on their own Malibu compound.</p><p>Eyewear impresario James Jannard, who founded Oakley in 1975, made a tidy profit on the house, having bought it in 2012 for just $75 million, reported the Los Angeles Times, which said it had seen real estate records of the sale.</p><p>The identity of the buyer was not clear, the outlet said, with paperwork showing it had been purchased by a Delaware-based limited liability company.</p><p>The 15,000-square-foot (1,400-square-meters) sprawls on 9.5 acres (4 hectares) of desirable clifftop, with its own 300-foot stretch of ocean.</p><div><a href="https://news.abs-cbn.com/life/06/27/23/look-barbies-malibu-dreamhouse-is-back-on-airbnb" id="isPasted">• LOOK: Barbie&#x27;s Malibu Dreamhouse is back on Airbnb</a></div><p>It has eight bedrooms, an unnecessary-sounding 14 bathrooms, a huge courtyard, a gym and two guesthouses.</p><p>Malibu, a sought-after beach enclave 45 minutes outside Los Angeles, is a favorite haunt of celebrities and the mega-wealthy.</p><p>With the Jannard sale and the Jay-Z/Beyonce purchase, the city now holds the record for the three most expensive homes in California, after venture capitalist Marc Andreessen reportedly paid $177 million for an estate there in 2021.</p><p>California is both the richest and most populous state in the United States, with a huge disparity between the haves and the have-nots.</p><p>The state suffers from an acute housing shortage that has pushed prices way above the national average.</p><p>In the six counties of the sunny south, the average house now changes hands for almost $900,000 -- more than eight times the mean annual income.</p><div><strong>© Agence France-Presse</strong></div><div><br/></div><div><strong>RELATED VIDEO</strong></div><div><strong><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/Qv83Xz8PcsU?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span></strong><br/></div><div><br/></div><div><br/></div>

<p>Malibu, a sought-after beach enclave 45 minutes outside Los Angeles, is a favorite haunt of celebrities and the mega-wealthy.</p>

Malibu, a sought-after beach enclave 45 minutes outside Los Angeles, is a favorite haunt of celebrities and the mega-wealthy.