A much sought-after equestrian property, nestled in the tranquil heart of Malibu, has recently been offered for sale by a well-known film producer. The sprawling four-acre estate, situated just off the picturesque Pacific Coast Highway, has now been priced at an impressive $17.3 million.
The property’s historical records reveal that the current owner acquired it back in the year 1994 for a price of $940,900. However, the house that sits on this property has a much earlier origin. Established in 1963, this sun-drenched estate has largely retained its original charm with few changes over the decades.
Having been the primary residence of the owners in the United States for a lengthy period, it’s interesting to note that the decision to sell has only come after they moved out of the country. Notably, this is the first instance in three decades where this magnificent property has shown up on the open market.
What makes the estate even more attractive to prospective buyers is its proximity to the beach, which is only a short walk away. Equally enticing is the potential for further expansion of the existing house, presenting an alluring opportunity for future owners with a flair for architecture or interior design.
As you step inside, you are met with the rich elegance of the living room. Glossy wooden flooring, an inviting fireplace, and breathtaking vistas of the Pacific Ocean all come together to create a luxurious ambience that’s both warm and welcoming.
Greeted by a gated entrance, a rustic dirt road winds its way towards the entrance of a strikingly designed modern home. Lending it an unmistakable presence, the house boasts of five bedrooms and a unique blend of stone accents interspersed with sleek steel features.
Its bold architecture amicably softens as you explore the roughly 3,500 square feet within. The dark wood flooring, sitting elegantly underneath the high, whitewashed ceilings, specifically stands out in the living area. Bright exposed beams add to the overall allure of the place.
In addition to this, a cozy fireplace brings a dash of warmth to these rooms. Nearby, a stretch of glass doors framed by wooden trim opens onto a patio. From here, the Pacific Ocean is plainly visible over the treetops, forming a serene backdrop.
The tastefully designed gourmet kitchen wouldn’t seem out of place in a luxury restaurant. It holds a gas-range stovetop, double ovens and in the center, a compact island, unifying the layout of the culinary space whilst emphasizing functionality.
Extraordinary views of the well-maintained estate grounds combined with the awe-inspiring Malibu coastline make the primary suite’s vista truly unforgettable. Furthermore, this suite has the added luxury of a comfortable sitting area for those moments of relaxation and contemplation.
Equally splendid are the equestrian facilities. A 31-stall stable awaits the equine residents of the estate, tucked into a convenient corner of the property. With corrals and a riding arena in addition to a dressage ring, the estate is perfectly equipped to cater to all equine needs.
The estate further enhances its equestrian appeal by generating direct access to Malibu’s beloved Backbone Trail. This breath-taking trail, spanning 67 miles, courses along the high ridges of the Santa Monica Mountains and guides towards the enchanting Escondido waterfalls.
Examining the rise in real estate prices in Malibu over recent years, reassessment conducted by Miller Samuel, a prominent real estate appraisal firm, revealed an exponential boost. As per their report, the median sales price has skyrocketed in the third quarter of 2024 to an astounding $3.5 million.
Contrasting this incredible rise in property costs, the median recorded in Malibu’s third quarter of 1996 was a mere $397,500. The comparison truly showcases the remarkable surge in value, marking a rise of nine times over this period.
Extravagant and drenched in history, the offer of such a unique property to the market opens an exclusive opportunity for anyone with an understanding of its intrinsic value. To acquire such a magnificent estate, especially in Malibu, is truly a rare opportunity.
Historic Malibu Equestrian Estate Listed for $17.3M by Noted Film Producer appeared first on Real News Now.