Inside An $11 million Waterfront Home in Malibu
This gorgeous piece of waterfront real estate belongs to Stargate actress Jolene Blalock and her husband, Live Nation CEO Michael Rapino
This piece of gorgeous waterfront real estate belongs to Stargate actress Jolene Blalock and her husband, Live Nation CEO Michael Rapino. Originally listed on sale for $11.9 million dollars, the multi-millionaire couple managed to score the waterfront home in Malibu for just $11 million. Impressively, the luxurious waterfront home was listed for $7.7 million a mere three years ago, reflecting a 30% growth in value in a short time – few asset classes can achieve this (cryptocurrencies probably).
What to Expect from a piece of $11 million Luxury Waterfront Real Estate
Aesthetic, the waterfront home in Malibu features interiors which can be described as modern chic. An open floor plan makes extensive use of the wall-to-wall floor to ceiling windows overlooking the expansive watery vista before you notice the beamed ceilings. The living room itself opens via sliding glass doors into one of two outdoor patios. Meanwhile, a wooden deck, accessed from the home’s rear lounge on a lower level, leads to the sandy beach below.
The 3,305 sq ft slice of Malibu heaven is emblematic of the best waterfront real estate in California, a master suite with walk-in closet and two other bedrooms each have access to a connected balcony offering much needed seaside relaxation. Additionally, across a small wooden walkway lays a detached guesthouse, for privacy, complete with its own landscaped courtyard for joint entertainment and then retreat into your own rest areas.
In the dining space, slate counters anchor the kitchen with centre island with a look of trendy modernity. The waterfront home in Malibu also features its own gym.
Malibu real estate trends indicate a massive surve of $553,000 (35%) in median home sales over the past year. The average price per square foot for this same period rose to $1,129, up from $1,089. Some Malibu luxury property prices can go up to $60 million, though the average property price is around $7 million; more obviously for prime waterfront real estate like this Malibu home for actress Jolene Blalock and her CEO husband, Michael Rapino.