Historic Sale: Malibu Mansion Fetches Whopping $177 Million, Shattering California Real Estate Record

A Malibu home has sold for $177 million, setting a new record for the most expensive home ever sold in California. The property, which is located in the Paradise Cove section of Malibu, was sold by fashion mogul Serge Azria and his wife, Florence Azria. The buyer has not been identified.

The Azria’s home is a sprawling estate that spans seven acres and includes a 10,000-square-foot main house, two guesthouses, a swimming pool, a tennis court, and a private beach. The home was designed by architect David Hertz and features a contemporary design with floor-to-ceiling windows that offer stunning views of the Pacific Ocean.

The sale of the Azria’s home comes at a time when the luxury real estate market in California is booming. In the past year, there have been a number of high-profile home sales in the state, including the $165 million sale of the Warner Estate in Beverly Hills and the $150 million sale of a home in Bel-Air.

The sale of the Azria’s home is a sign that the luxury real estate market in California is still strong, even in the face of a number of challenges, such as the rising cost of living and the state’s high taxes. The sale also shows that there is still a strong demand for luxury homes in California, even from wealthy buyers who are not from the state.

The buyer of the Azria’s home is not yet known, but it is possible that they are a foreign investor who is looking to acquire a high-profile property in California. It is also possible that the buyer is a California resident who is looking for a luxury home in a desirable location.

Regardless of who the buyer is, the sale of the Azria’s home is a significant event in the California real estate market. The sale sets a new record for the most expensive home ever sold in the state and it shows that the luxury real estate market in California is still strong.