Coldwell Banker Previews International Re-Introduces to the Market at the Record-Setting Price of $80 Million - the Highest in Malibu History - The New Malibu Castle

MALIBU, Calif., March 23, 2017 /PRNewswire/ -- A new record is being set today in the elite Malibu property market by Coldwell Banker Previews International which is re-introducing an architectural masterpiece on the site of the iconic Malibu Castle at $80 Million, the highest price ever for an estate in the coveted beach community that is home to Hollywood's A-list, from celebrities to entertainment moguls.  This industry-leading estate, which is currently completing construction and slated to debut in April 2017, represents the highest standard of luxury, created by owner, developer, designer and architect Scott Gillen and his company Unvarnished which has a proven track record of developing and building 22 properties and over $130 Million in sales. https://www.coldwellbankerhomes.com/ca/malibu/23800-malibu-crest-dr/pid_17066426/

The New Castle will grace the 3.5 acre site of the beloved landmark known as the Malibu Castle owned by heiress, philanthropist and "princess" Lilly Lawrence, renowned for hosting lavish galas at the residence modeled after a Scottish style castle until it was destroyed by a fire in 2007.  Scott Gillen purchased the land in 2015 for $9.7 Million in the third highest recorded land sale in Malibu history (per the Multiple Listing Service).  Mr. Gillen was represented by Sandro Dazzan of Coldwell Banker, who now holds the exclusive listing on The New Castle at $80 Million.

Situated on one of Malibu's most exclusive sites adjacent to Serra Retreat, The New Castle is perched atop a 360 degree promontory offering stellar views overlooking the Santa Monica Bay, Catalina Island, Malibu Colony and Surfrider Beach.  A 400+ foot long private double gated driveway leads to a completely private entrance at the end of a cul-de-sac with its own motor court and valet stand.

The New Castle embraces its majestic surroundings via floor-to-ceiling sliding glass walls that open to the utopian Malibu climate.  The estate is offered complete with custom furnishings by Minotti, Bottega Veneta, and handmade rugs from New Zealand.  Rare art by Ellesworth Kelly and Jonathan Burofsky slated to be featured at the property is available as well. As the ultimate luxury amenity, one year concierge service is included with the purchase, offering virtually every convenience imaginable from restaurant reservations to ensuring that the residence is fully stocked with the owner's preferred culinary items.

The main residence spans approximately 10,500 square feet with 5 bedrooms and 6 bathrooms, while the detached guest house offers its own great room, kitchen, gym, spa, 2 bedrooms and 4 bathrooms in approximately 4,000 square feet. Framed by prime ocean front views, the expansive 120-foot-long great room in the main residence is ready to entertain on a grand scale yet is equally adept at hosting intimate gatherings. 

The property invites guests to experience every sunrise and sunset with direct ocean views from multiple spacious sundecks.  A custom 12 foot hand-hewn teak dining table parallels the 75 foot infinity pool, and connects the chef's Bulthaup kitchen and living space in the main residence, completed by a wine tasting room, game room and a media room which opens to the pool where a waterfall cascades down a full story to the lower level of the home.  The New Castle features custom teak doors and cabinetry throughout as well as 80 year old dry aged oak floors.

Previews and Coldwell Banker Previews International are registered marks licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated by a subsidiary of NRT LLC.

CONTACT:
Holly Taylor
310-854-8115
[email protected]

SOURCE Coldwell Banker Previews International