An oceanfront estate in the exclusive Malibu enclave of Paradise Cove is coming on the market for $125 million.
The roughly 6.6-acre property is located in a gated community of about 10 estates owned by prominent business executives and celebrities. Perched on a bluff, it has direct beach access with roughly 340 feet of ocean frontage, said listing agent Lisa Laughlin of Sotheby’s International Realty. The home has about 17,000 square feet of living space between a main house and separate guest quarters. The property also contains a swimming pool, lighted tennis court and 9-hole miniature golf course.
The sellers are British videogame designer Jonathan Burton, 52, and his ex-wife, Helen Musk, 45. The couple bought the property for $36.5 million in 2012 from the estate of Max Palevsky, a computer-technology pioneer, records show. Mr. Palevsky, who helped fund Intel at its founding and was a noted art collector, built the Spanish-style house in the 1970s. He later commissioned Italian architect Ettore Sottsass to renovate the interior, which has arched doorways and beamed ceilings, according to the book “Three California Houses: The Homes of Max Palevsky.”
Mr. Burton founded U.K.-based TT Games and is now CEO of 10:10 Games. He and Ms. Musk spent several million dollars renovating, Ms. Laughlin said, opening up walls and adding windows to ensure ocean views from almost every room. To reach the main residence, visitors pass through two sets of gates: one to access the guesthouse, tennis court and golf area, and another for the primary residence and pool. https://e7667bfb59de5f971589339e5906727c.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
The main residence has a courtyard, said Ms. Laughlin, as well as expansive decks and covered patio areas. Upstairs, the primary bedroom suite has a balcony with ocean views, a sitting area and two offices. The house has five additional en suite bedrooms, and a 14-seat media room with a row of D-BOX seats that move along with the action on screen. “You feel like you’re part of the movie,” Ms. Laughlin said.
In addition to the main house, the property has a two-bedroom guesthouse where Ms. Laughlin, a friend of the owners, has lived for the past eight years.
Ms. Laughlin said the infinity pool has fountains that shoot water into the air. Between the house and beach, there is a landscaped area with Redwood, Eucalyptus and citrus trees as well as a rose garden. Beach access is via a set of stairs, with a small observatory about halfway down the bluff.
Article Source: Mansion Global