Gary Friedman Of Restoration Hardware Acquires Malibu Oceanfront Mansion For $26.7M

A Malibu oceanfront mansion was recently sold in a transaction with a sale price of $26,711,000. The property, with a total area of 0.36 acres, features a spacious 5,619-square-foot contemporary home. The modern design incorporates disappearing glass walls, which provide stunning ocean views. The mansion boasts five bedrooms and offers outdoor oceanfront spaces for the enjoyment of its residents.

Summary of transaction details

• Property Type: Single Family Residential (SFR)
• Sale Price: $26,711,000
• Square Footage: 5,619 sqft
• Price per Square Foot: $4,754
• Market: Malibu

The buyer of the property is Bella Hunter, along with Gary Friedman, the CEO of Restoration Hardware. Representing the buyer's interests is Kurt Rappaport from Westside Estate Agency. On the seller's side, Christopher Cortazzo and Gregory Sharpe from Compass acted as the representatives. This transaction allowed Gary Friedman to acquire the oceanfront mansion at a reduced price from its original listing of $40 million.

It's worth noting that the property showcases its breathtaking ocean views through its disappearing glass walls, creating an open and seamless connection with the surrounding environment. With its contemporary design and ample living space, this Malibu mansion offers an exquisite retreat in one of California's most coveted locations.