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Andreessen plucks third home along Malibu beachfront

Marc Andreessen and the home in Malibu (Getty, Zillow)
Marc Andreessen and the home in Malibu (Getty, Zillow)

Silicon Valley venture capitalist Marc Andreessen has picked up a third beachfront home in Malibu, this one a bit downscale at $34 million.

Six months after paying a record $177 million for a surfside compound on Escondido Beach and a month after shelling out $44.5 million for a home nearby, the billionaire has plucked a two-bedroom, three-bath home from the sands near Paradise Cove in an off-market deal, Dirt.com reported.

Built in 1973, the 1.6-acre property was sold by its original owners in 2016 for $18 million to investors led by Scott Gillen, a prominent Malibu architect and real estate developer.

The home in Malibu (Photos via Scott Gillen)

Gillen then conducted a contemporary makeover in clamshell white, walls of glass and exposed wooden beams and floors, according to Dirt.

A great room linking the kitchen, living and dining spaces overlooks the home’s 57 feet of beach frontage. A master suite includes a wraparound deck and a custom bathroom. The property also includes an acre of “undeveloped land atop the bluff,” per previous listings.

The mini-estate was listed for $36 million last year, but didn’t sell. Records show it transferred in a $24.5-million deal last October, though it appears the buyer was again a trust controlled by Gillen and possibly other investors. Gillen then flipped the house a few months later to Andreessen.

The home in Malibu (Photos via Scott Gillen)

The purchase by the Iowa native and his wife, Laura Arrillaga-Andreessen, of three Malibu beachfront homes brings their six-month total to $255 million. Forbes estimates his worth at $1.7 billion.

Andreessen co-founded venture capital firm Andreessen Horowitz in the Silicon Valley city of Menlo Park in 2009. Arrillaga-Andreessen is a faculty member at the Stanford Graduate School of Business.

The beach house is just down the street from the $177-million estate the Andreessen’s bought in October from fashion executive Serge Azria. The seven-acre spread includes two guest houses, a cinema, a swimming pool and a spa.

That deal surpassed the previous highest-sale record set in 2020 by Amazon founder Jeff Bezos, who paid $165 million for a Beverly Hills estate owned by music mogul David Geffin.

[Dirt] – Dana Bartholomew

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Read more
  • VC legend Andreessen buys second Malibu beach home
  • Andreessen revealed as buyer of California’s most expensive house
  • Jeff Bezos buys David Geffen’s Beverly Hills estate for record $165M

The post Andreessen plucks third home along Malibu beachfront appeared first on The Real Deal Los Angeles.

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  • 12 April 2022
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