Got a cool $210 Million just laying around? If so you could be the owner of the highest priced home ever sold in California!
This 15,000 sq ft home sits on 9.5 Acres overlooking the Ocean in Malibu. The sprawling estate has 8 Bedroom and 14 bathrooms. It was owned by James Jannard, who founded Oakley Sunglasses. Previously the record home price was $200,000,000, also for a Malibu home bought by Beyonce and JayZ.
The buyer is hidden behind a Delaware Corporation and has not become public yet. At $220 Million that is a cost of $14,600 per sq ft. Putting that into perspective, most luxury homes are between $1,000 to $2,000 per sq ft. Hey when you are this rich, it doesn’t matter about purchase price, or interest rates. When you want it, you want it. Dream on for the rest of us.