On The Market: Malibu Paradise Cove, California

11/01/2006

LOCATION: In Paradise Cove, one of Malibu’s most sought-after enclaves, on seven acres of flat land with approximately 500 feet of beachfront. The house is on its own private bluff, within a gated compound.

BACKGROUND: Its current owners, an entertainment industry executive and his wife, built the home in 1980. Over the years, the owners have hosted princes and presidents and some of the city’s most lavish private parties. (Click image to enlarge)

STATS: Two horse stables that accommodate several horses each, a riding arena, a north/south-facing tennis court, two guesthouses, a separate gym structure, a guardhouse, a swimming pool, a poolhouse, and a 12,000-square-foot main house with wine cellar, 20-seat home theater and large kitchen and dining areas for entertaining. (Click image to enlarge)

WHAT SETS IT APART: “To have this much flat land directly on the beach in Malibu is just unheard of,” says agent Jan Horn. “The main house has head-on ocean views from every room—it’s the kind of place where, once you enter, your jaw drops and you can’t close it.”

MARKET INQUIRIES: $65 million. Jan Horn and Chris Cortazzo, Coldwell Banker, 310.777.6220, www.malibucompound.com