Wells Fargo’s Malibu home is listed for $21.5 million

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The bank-owned Malibu house allegedly used by a Wells Fargo executive to entertain family and friends appeared on the Multiple Listing Service late Friday, listed for sale at $21.5 million.

Listing details show the home’s ownership when it was transferred in May and list the price then as $12 million.

Built in 1990, the two-story beachfront house has three bedrooms and four bathrooms in about 3,800 square feet of living space and sits on a 8,708-square-foot lot. Beyond the ocean and white-water views and sandy beach practically out the back door, the Malibu Colony house has fireplaces in the living room and master bedroom, central air conditioning and carpeted and hardwood floors. There is a bar, a breakfast bar, a dining area, a gym, a loft and covered and open-air patio areas. The gated community has 24-hour-a-day guard service.

Wells Fargo has fired the executive accused of using the house. Details are in the story at latimes.com.

Chad Rogers of Hilton & Hyland, Beverly Hills, has the listing.

-- Lauren Beale

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