• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Move over Mountain of Beverly Hills, Scott Gillen is listing “The Malibu Series” for $500M

Scott Gillen

From left: The Case House, Scott Gillen, and The New Castle

UPDATED, Aug. 1, 1:51 p.m.: Scott Gillen has spent the past few years developing uber-luxury homes in Malibu, most of them on spec. Now, Gillen is putting 13 of those properties together, listing them as a single collection, dubbed “The Malibu Series.”

Asking price for the lot? Half a billion dollars. Or, an average of around $38 million per home.

It seems an odd time to list so many ultra high-end homes as a single portfolio, when the luxury market in Los Angeles is already softening amid a large supply and the effects of that spec home development. A second-quarter report by Elliman last month also showed that in fire-damaged Malibu, sales fell more than 50 percent, to 29 homes.

“The Malibu Series” portfolio includes his crown jewel, the New Castle, itself a spec mansion that hit the market back in 2015 for $60 million. The 15,000-square-foot home features a 400-foot driveway, a teak library-like wine room and a humidified cigar room.

The collection also features properties in two guard-gated communities, as well as three single-family homes, in different stages of construction.

Gillen and his firm, Unvarnished, are the force behind all of the properties. While properties like New Castle are already on the market, the $500 million portfolio reflects the first time the 13 properties are marketed as a collection. Tracy Tutor of Douglas Elliman has the listing. Gillen did not comment on the collection, which included extensive marketing materials. A spokesperson for Elliman said the properties could still be sold individually.

If purchased at asking, the Malibu Series collection would represent the priciest residential sale ever in Los Angeles County. The title of most expensive individual home ever sold in the county goes to the Spelling Manor in Beverly Hills. That record was set last month, when Petra Ecclestone sold the iconic mansion for $120 million.

Still on the market is the troubled 157-acre Mountain of Beverly Hills development site — reduced from $1 billion to $650 million — which Gillen was believed to offered to buy for $400 million. Spec home developer Nile Niami’s $500 million off-market Bel Air mansion he is calling “The One” is still for sale.

At the top of the list is the New Castle, which had been listed as high as $85 million and is now on the market for $75 million. The home sits on a former Scottish-style castle, and also features a butterfly sanctuary.

Gillen is also including the “Case Residences,” his largest project to date, which includes “five fucking spectacular mid-century modern homes,” he told The Real Deal in an interview last year. Those homes, on a 24-acre spread overlooking the ocean, are priced between $50 million and $100 million. One of the homes was reportedly in escrow for $40 million in March. Construction is underway and expected to wrap in 2020.

Another community included in the portfolio are “The Who Homes,” a gated enclave that features four houses priced at $16.5 million each. Two of the houses in that community have sold and another one is under contract, according to a representative who is marketing the Malibu Series.

The $500 million portfolio also includes a 7,000-square-foot pad on Malibu Road and 5,000-square-foot home in Point Dume for $25 million each, as well as a 1.5-acre property in Paradise Cove Beach. There is no asking price on the Paradise Cove property, which is being remodeled.

Powered by WPeMatico

  • 01 August 2019
  • The Real Deal
  • Uncategorized
  •  Like
Trouble in the land of OZK: Why NYC’s most important construction lender may be on shaky ground →← Rising Realty’s Park Calabasas campus scores new tenant and big lease
  • Recent Posts

    • LA County greenlights self-certification for Altadena rebuilding May 8, 2025
    • Irvine Company aims to transform golf course into village of 3K homes May 8, 2025
    • Former LA police commissioner, prominent attorney to list Bel-Air estate for $24M May 8, 2025
    • Movers: Gambino Group nabs LA, NY agents May 8, 2025
    • Sacramento investor lists 270K sf DTLA office park leasehold May 8, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM