CAs Most Expensive Home Sale Ever: Malibu Estate Shatters Record – Patch

But now there’s a new record for the most expensive home sale in Golden State history: The $210 million deal for a Malibu mansion sold by Oakley founder James Jannard, just 7 miles up Pacific Coast Highway in Malibu, the Los Angeles Times reported.

The property is a gem among gems, even in Malibu’s enviable real estate market: The 9.5-acre lot includes 300 feet of ocean frontage near El Pescador State Beach.

“Echoing the reserved character of the exterior, the interiors employ a classical vocabulary of ornament, but maintain a relative simplicity,” the architecture firm wrote of Smith’s work in the Malibu home. “Glass and steel windows and doors which punctuate the gracious, airy plan, and a screening room with a retractable roof are two reminders that this is a modern renovation.”

Outside, the property features a large courtyard and garden, a generous lawn and a pool that overlooks the ocean. The estate also includes a separate gym structure and two guesthouses.

The sale was a quiet one; the house was never officially put on the market. The identity of the buyer is unclear, as records show it was purchased by a limited liability company, the Times reported.

Jannard, who founded sunglasses brand Oakley in 1975, turned a hefty profit on the sale. He bought the property in 2012 for $75 million from billionaire investor Howard Marks. Marks purchased it from Herbalife co-founder Mark Hughes for $31 million a decade earlier, according to the Times.