- Lohud Real Estate - http://realestate.lohudblogs.com -

Madonna and the richer rich in Malibu

Posted By Karen Croke On January 17, 2013 @ 3:37 pm In Housing,Residential | Comments Disabled

As if there was ever any doubt, those Left Coasters like Madonna know how to live. While the median sale price of a Westchester single family house was $587,000 in 2012—and the biggest deal was for $21.5 million—  Malibu just blew us out of the water. The trendy beach colony apparently topped Los Angeles-area home sales in 2012 and setting the high-water mark for this year, a 9.5-acre estate in Malibu owned by billionaire Howard Marks and his wife, Nancy, just sold in the $75 million range.

The property includes a 15,000-square-foot main house of eight bedrooms and 14 bathrooms, two guesthouses, a gym, a swimming pool and more than 300 feet of beachfront property.

The Material Girl’s place up for sale, too
Not to be outdone, Madonna has just listed this Beverly Hills pad for $22.5 million. According to the Los Angeles Times, Madonna   rebuilt and expanded the estate, completing it in 2010. Accessed by a 500-foot tree-lined driveway,the compound has a  nine-bedroom main house, two guesthouses, a resort-size swimming pool and a tennis court.  No word if she is desperately seeking a buyer, but the property is listed with Barry Peele of Sotheby’s International Realty in Beverly Hills, and his partner, Andrew Clark, of the same firm.


Article printed from Lohud Real Estate: http://realestate.lohudblogs.com

URL to article: http://realestate.lohudblogs.com/2013/01/17/madonna-and-the-richer-rich-in-malibu/

URLs in this post:

[1] Image: http://realestate.lohudblogs.com/files/2013/01/LIFE_HOME-HOTPROPERTY-ADV13_11_LA.jpg

Copyright © 2012 LoHud Real Estate. All rights reserved.