Image: The Wall Street Journal | Pictometry
An unidentified Russian billionaire couple has just purchased what may go on the books for being the most expensive home purchase in 2013; a Malibu mansion that cost $75 million. Sold by investment manager Howard Marks and his wife Nancy, the home features more than 300 feet of beach frontage.
According to LA Curbed, the Markses have just sold their nine and a half acre Malibu estate to a wealthy Russian couple for $75 million, after “quietly shopping it around for $125 million” without every formally listing it.
The Wall Street Journal notes that it is “one of the largest pieces of oceanfront property in Malibu” and it includes a 15,000-square-foot main house with eight bedrooms and 14 bathrooms, two guesthouses, a tennis court, a pool and a separate building with a gym.
It is currently the second most expensive home sale in Southern California, according to brokers, following the $85 million sale of Candy Spelling’s manor to British heiress Petra Ecclestone. It also ranks as the third most expensive home sale in all of California, following the Spelling mansion and Yuri Milner’s $100 million purchase of a Los Altos Hills home in 2011.