Industry News
Less than a year after listing his Malibu compound for $27.25 million, snowboarder Shaun White has just listed a second Malibu home for just under $11-million.
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The property, which has been available since 2018 as a $27,000 per month rental, won’t see much if any profit on the $10.75 million it cost 3-years ago. Located on Malibu’s Point Dume beach, it has been on the market for eight days, according to the Multiple Listings Service via Redin. The property, which is selling for $5,081 per square foot, has relatively modest amenities including a terrace with a built-in BBQ and an outdoor pool and spa.
Behind gates on just over an acre, the modestly proportioned and fully renovated, cottage-style two-story residence offers three bedrooms and two bathrooms in a little less than 2,200 square feet. An open-plan living and dining room features lustrous exotic wood floors, a fireplace and a wall of windows that opens to a large deck with elevated views over the ocean. The separate, high-end kitchen is fitted with professional appliances and includes a cushioned banquette under a picture window that perfectly frames a photographic view of the ocean. Upper-level bedrooms open to the outdoors, while a lower-level family room spills out through French doors to a spacious covered patio with built-in barbecue. Beyond the resort-style swimming pool and spa, a huge lawn stretches out to the bluff’s precipitous edge.
Three-time Olympic gold medalist, White, over the past five to 10 years has also played hard in the real estate game, frequently buying and selling luxury properties in Southern California; Park City, Utah; and New York City, reports Variety.
