Last year, Beyoncé and Jay Z made Golden State history when the power couple purchased the most expensive home ever sold in California (a $200 million Malibu manse designed by Tadao Ando). While still music legends, when it comes to real estate, it appears the queen and king have been dethroned. As the Los Angeles Times reports, the sale of another Malibu mansion has just closed for $210 million, clinching the record.
The seller was James Jannard, the founder of eyeglass brand Oakley. According to the LA Times, the home never officially hit the market, and the sale was instead handled quietly behind the scenes (the buyer was not named, though property records show it was a Delaware-based LLC). Before Jannard’s stewardship, billionaire investor Howard Marks owned the property, and before him, Herbalife cofounder Mark Hughes did. While there are no publicly released photos, the estate is reported to span 9.5 acres and include 300 feet of private ocean frontage.
The residence was designed by New York City–based Ferguson & Shamamian Architecture and inspired by Palladian buildings, a style of classical architecture celebrated for its stateliness and grandeur. Spanning more than 15,000 square feet, the home features a red-tile roof and stone façade and is defined by a large central volume and two subordinate wings. Inside, the estate includes eight bedrooms and 14 bathrooms with interiors designed by AD100 Hall of Famer Michael S. Smith.
While the Malibu mansion is now the most expensive home ever sold in California, there are still a number of pricey homes on the market in the Golden State. A Bel Air mansion known as Casa Encantada, for example, was listed for $250 million and was once the most expensive home listed for sale in the US. Its price has since dropped to $195 million.