The six-bedroom, 10-bath home is built around an open-air courtyard with lush palms and a koi pond.
This $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu.
Ellice Street is located in Ventura Country, less than a mile west of Los Angeles County. Here, sales north of $15 million are few and far between. Public records show developer-owner Kris Halliday of MKH Developments purchased the one-acre lot at 11870 Ellice Street back in 2018 for $5.4 million. "We brought it down from $75 million to $58 million, so right now this is looking like a really good deal," said co-listing agent Branden Williams, co-founder of Beverly Hills Estates Group.The six-bedroom, 10-bath home is being marketed in the midst of some very challenging headwinds: rising mortgage rates, skyrocketing inflation and the potential for recession. Still, Williams told CNBC he remains confident.
The lower portion of the foyer's 25-foot walls is covered in fluted oak, while the upper half is wrapped in an eye-catching dragon onyx from Asia, Williams said.Passed the foyer is the home's tropical-themed courtyard, where lush greens are punctuated by red flowering plants and glass lamps that double as heaters.CNBC
The automated luxury opens the dining room, kitchen and two first-floor living areas to an impressive pool deck.
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