Tyra Banks Snags a Picture-Perfect Malibu Beach House for $4.7M

Smize! The supermodel and real estate tycoon Tyra Banks has reportedly snapped up a Malibu beach house, according to Variety. The purchase must have her smizing, as in, “smiling with her eyes,” a term she invented.

The television personality and home flipper must have flipped for the property, splashing out $4,717,555 for the oceanfront contemporary.

The savvy businesswoman managed to chip away at the asking price, which was $5.5 million when it debuted on the market in November 2020. No doubt she’ll use the discount to budget for a home makeover of the 1980s-era abode, which is in need of refreshing.

As beach pads go, this one certainly makes waves. The four-bedroom, four-bathroom, two-story home right on the Malibu coastline offers awe-inspiring views of the Pacific.

The entrance features a soaring, two-story atrium topped with a skylight, allowing sunlight to pour in to the open floor plan. The layout features an open kitchen with dizzying gridlike tiles on every surface, and features an island and room for a breakfast table.

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Watch: Matt Damon’s $21M Pacific Palisades Home Says ‘Big Time’

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In addition, the 4,000 square feet of living space include a den, a bar, and laundry units in the kitchen, the listing notes. A mix of Mexican tile and wood floors run throughout the main level.

The kitchen adjoins a more formal dining room. Just adjacent, the sunny, sunken living room includes a fireplace with a brick surround, built-ins, and glass doors that open to the deck.

Upstairs, the master bedroom includes a fireplace, deck access, walk-in closet, and a bathroom, with more gridded tile covering the counters and even the tub surround.

Multiple decks take full advantage of the water views on all levels, including the roof. A two-car garage completes the property.

The co-host of “Dancing With the Stars” is no stranger to real estate deals. As we’ve reported in the past, Banks has multiple land holdings.

Her transactions have mostly focused on the posh Pacific Palisades area, where she owns a modern, $7 million contemporary home that she purchased in 2018.

The five-bedroom home offers views of the Pacific Ocean and the Palisades upscale shopping and dining district below. The space includes a backyard with pool, as well as balconies on every level, including a roof deck with a hot tub.

In 2019, Banks scooped up a Pacific Palisades traditional for a little over $3 million, which she had planned to transform into a modern farmhouse-style beach cottage.

However, without refurbishing the dated domicile, she recently sold it for $3.2 million, Variety reported. Perhaps her makeover efforts will now be focused on the Malibu home instead.

Banks has also held on to a swanky New York City condo that she picked up for $10.1 million in 2009, and remodeled at a cost of millions. Located in Battery Park City, the two-floor, 7,000-square foot spread is made up of four adjoining units.

Although she did test out the NYC market with a $17.5 million price tag on her place in 2017, the mansion-sized duplex has since been taken off the market.

We can see why it’s a keeper: The five-bedroom, eight-bathroom residence offers superstar amenities, including a hair salon, a gym, a 360-degree mirrored dressing room, staff quarters, and Hudson River views.

When not trading in real estate, the creator of “America’s Next Top Model” recently founded a premium ice cream brand, SMiZE Cream.

Jonathan Macht with Coldwell Banker Realty represented the seller. James Respondek with Sotheby’s International Realty represented the buyer.

Source: realtor.com

Matthew Perry Sells Malibu Beach House for $13.1M

Matthew Perry of “Friends” found a buyer who was there for him. He has successfully sold his Malibu, CA, beach house for $13.1 million.

Perry had initially listed his “kick-ass Malibu home”—as he called his place on social media—in August for $14.95 million. In September, the actor dropped the asking price by a million dollars, to $13.95 million.

He then slashed the price one last time to $12.95 million. That reduction attracted a buyer, who scooped up the swanky space for just a little over the ask.

Although the price ended up lower than his initial asking price, Perry came out ahead. The savvy star picked up the the property in 2011 for $12 million.

Perry reportedly bought the beachfront abode from the Southern California developer Scott Gillen, who completely transformed the circa-1960 build.

The result is a loftlike space with expansive walls of glass, looking out to the Pacific Ocean.

The fab pad can hold lots of friends, with two floors, four bedrooms, and 3.5 bathrooms on 5,000 square feet. The main level features an open living and dining area, a fireplace, beamed ceilings, and sparkling views of the ocean. The glass walls completely open up, extending the living area out to a deck that runs the length of the house on both floors.

A floating wood-and-steel staircase leads to the lower-level master suite, which includes a sitting area, walk-in closet, and luxurious bathroom.

The home also features an outdoor spa and a state-of-the-art home theater.

Meanwhile, the deck comes with plenty of seating and a fire pit, perfect for catching the sunset.

The open floor plan made the buyer swoon, according to Luis Robledo, the Douglas Elliman agent who represented the buyer.

“The minute you walk through the front door, you have a completely open and expansive view of the ocean, with floor-to-ceiling and wall-to-wall windows,” Robledo says. “Two decks on both levels spanning the length of the home—maximizing the outdoor space—also made it extremely compelling. This is the perfect getaway place.”

Perry took full advantage of the beach pad as his personal getaway during the pandemic. He posted photos to his Instagram account from the property as he hung out on his deck or baked cookies in the kitchen.

Perry had been on a selling spree, also placing a posh penthouse on the market in Los Angeles in 2019 for $35 million. In 2017, he bought the “mansion in the sky,” which occupies the entire 40th floor of the Wilshire Corridor’s elite Century Building, for $20 million.

He renovated the place to his taste, with what looks like wall-to-wall velvet furniture, a huge master suite with views, and the home theater. The listing is currently off market.

Now that he’s freed from his real estate concerns, the star’s new focus appears to be an adorable puppy.

Luis Robledo of Douglas Elliman represented the buyer. Joshua Flagg with Rodeo Realty repped the seller.

Source: realtor.com