Hot Property: $65-million listing in Malibu
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A 37-acre Malibu estate that has come on the market at $65 million is the most expensive listing on the Multiple Listing Service in the oceanside community. Only a few Los Angeles-area residences for sale are priced higher.
Rocky Oaks Estate consists of a nearly completed Tuscan-style home, a 9,500-vine vineyard and pads for a potential helicopter landing site, guesthouse and guard gate. Its surrounding hillsides are filled with about 75 citrus trees, 50 fruit and nut trees, 100 avocado trees, 100 olive trees and more than 500 rosebushes.
Designed by architect Bob Easton, the 9,000-square-foot residence is approached from a 350-foot-long gated driveway and has a large motor court. When completed in the spring, it will have five fireplaces, tongue-and-groove and exposed-beam ceilings (including one in the living room reaching 32 feet high), elevator access to all three floors, and a rooftop observation deck. The five-bedroom, five-bathroom house will be clad in limestone.
There will be 5,000 square feet of decking, an infinity pool with spa and an outside loggia as well as a wine-tasting room. Malibu Rocky Oaks produced its first wines in 2006.
The owner, a businessman, was building the estate for himself but decided to sell it instead, according to listing agent Sally Forster Jones of the Coldwell Banker Beverly Hills East office.
There are more photos at latimes.com.
--Lauren Beale
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