Malibu’s Ultra-Luxury Real Estate: Every Sale Over $100 Million

When it comes to high-end real estate markets, Malibu is undoubtedly near the top of the list. Celebrities and the mega-rich flock to the 21 mile stretch of iconic coastline searching for their own slice of paradise. However, for those lucky enough to capture the most-sought after lots, it comes at a steep price. When looking at the most expensive real estate purchases in California, Malibu not only tops the list but dominates the top 10. We take a look at all of the Malibu sales over $100M below.

1. James Jannard’s Estate – $210 Million (2024)

The founder of Oakley shattered records when he sold his 9.5-acre beachfront estate for $210 million. Located along the Pacific Coast Highway, this property offers 300 feet of beach frontage, 15,000 SqFt of living space, multiple guesthouses, a tennis court, a gym, and an oceanfront pool​. He bought the estate for $75M back in 2012, garnering a massive return on investment. This sale holds the current record for the most expensive residential sale in California.

2. Jay-Z and Beyoncé’s Paradise Cove Estate – $190 Million (2023)

Music icons Jay-Z and Beyoncé made headlines with the purchase of a 40,000-square-foot mansion on 6 acres in Paradise Cove. The estate, previously owned by William Bell, was designed by acclaimed architect Tadao Ando and features panoramic ocean views and private access to one of Malibu’s most sought-after beaches. The purchase was the highest residential sale of 2023 in the US and the most expensive purchase ever in California (at the time).

3. Marc Andreessen’s Estate – $177 Million (2021)

Tech billionaire Marc Andreessen set a new standard in 2021 by purchasing a 7-acre estate in Malibu, also located in the exclusive Paradise Cove neighborhood. The estate includes 13 structures and captures panoramic ocean views up and down the coastline. He purchased the property from fashion mogul Serge Azria, who bought it in 2013 for $41M. However, Andreessen’s love for Malibu real estate didn’t stop there. He reportedly purchased an Escondido beach house for $44.5M in 2022 and another Paradise Cove beach home for $34M. That brings his total investment to an eye-popping $255M!

4. Byron Allen’s Estate – $100 Million (2022)

Media mogul Byron Allen entered Malibu’s elite homeowners club with the $100 million purchase of a sprawling estate. Guess where? Once again, Paradise Cove. The oceanfront property features over 10k SqFt of living space on 3.6 acres with breathtaking views, a resort-style pool, and extensive private grounds​. It also caught attention for being the most expensive home purchase by an African American in the U.S.

5. Peter Morton Sale – $110 Million (2018)

Hard Rock Cafe co-founder Peter Morton unloaded his Carbon Beach compound for $110M in 2018, a record at the time. The property featured over 100 ft of frontage on Billionaires Beach, 8,000 SqFt of living space, and a swimming pool mere steps from the pacific ocean. The lucky buyer was natural gas billionaire Michael S. Smith and his wife, Iris.

6. Ron Meyer’s Estate Sale – $100 Million (2019)

Former NBCUniversal vice chairman Ron Meyer sold his Malibu estate for $100 million in 2019 to WhatsApp co-founder Jan Koum. The property boasts over 3 oceanfront acres and 14,000 SqFt of living space in the Paradise Cove neighborhood. Other perks include a home theater, gym, office, two guest houses, a tennis court, a spa house and private beach access? What more could you need?

Malibu’s real estate market is in a league of its own, attracting billionaires and A-list celebrities. It seems only a matter of time before the next domino falls and another record is set. If you have any questions about buying or selling in the Malibu area, please contact us at 310-818-5788 or email us at [email protected].