Russian billionaire couple buys Howard Marks’s 9.5-acre estate in Malibu for $75 million.
Russian Billionaire couple buys Howard Marks’s 9.5-acre estate in Malibu for $75 million according to WSJ. The home, which was being quietly shopped for around $125 million but was never formally listed, is one of the largest pieces of oceanfront property in Malibu, with more than 300 feet of beach frontage. The main house spans about 15,000 square feet, with eight bedrooms and 14 bathrooms. There are also three satellite structures on the property, including two guesthouses and a gym.
Legendary investment manager and Oaktree Capital chairman Howard Marks has made some major real estate moves recently.
In May, he spent $52.5 million on a duplex co-op at 740 Park Ave., and two months later he listed his apartment at the Ritz Carlton for a cool $50 million.
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