Courtesy of Amy Dobson
The Malibu Series is a collection of 13 homes throughout Malibu which total over $500 million in combined asking prices. While not all of the homes are fully completed, sales have officially launched today (via listing agent Tracy Tutor with Douglas Elliman). Designer Scott Gillen’s goal is the same for these as it is with all the properties he has built during his career. Each house unfolds gradually as someone experiences each room, each turn of a corner and each view, whether it is from close up or far away. Gillen says,”The house reveals itself.”
Five of the homes in this package are on a 24-acre expanse which is one of the largest land purchases in Malibu history, according to Tutor. Gillen purchased those 24 acres for $50 million in 2017, the Wall Street Journal reported. Another of the homes, dubbed The New Castle, is on the site where a former Scottish style castle stood looking over the rest of Malibu from high up on a hill. That home burned down in 2007, taking with it over a dozen other homes and businesses. Gillen purchased the land and fire rebuild rights in 2015 for $9.7 million and built an entirely new structure, called The New Castle, which is now complete and being released as part of The Malibu Series with a new asking price of $75 million.
With prices ranging from $14.25 million to $100 million, two of the thirteen homes have already gone under contract (one asking $14.25 million and another asking $40 million) and two others have already sold, showing how bullish the Malibu market continues to be. This is where, until just about a month ago, the highest price record for the Los Angeles area was a beachfront home sold by Hard Rock Cafe founder Pete Morton for $110 million. That record was broken by the sale of the Holmby Hills estate previously owned by television producer Aaron Spelling, which closed for $119 million, setting a price record not just for Los Angeles but California as a whole. The current highest-priced listing for Malibu is NBCUniversal Ron Meyer’s home asking $125 million.
A number of the homes that make up the Malibu Series are rooted in a mid-century modern aesthetic but in a way that incorporates high ceilings and beach views. “Open space, open kitchens, the same style I’ve always done but I’ve brought in a bigger flair,” says Gillen. “There’s 15-16 foot high ceilings heights with big clerestory windows I’m bringing in from Sweden. I want someone to walk in and appreciate the seamlessness but at the same time, look at it and say ‘how did he do this?’ If it stands out, I’ve missed the design.”