Records show that the gorgeous Malibu complex, once owned by Cindy Crawford and Randy Gerber, has struck a deal after its recent price drop to $89.75 million.
Sellers, retired hedge fund investor Adam Weiss and his wife, actress Barrett Swatek, were the first to list the three-acre spread $99.5 million in MarchA final selling price could not be determined.
After purchasing the property for $45 million in 2018 from Mr. Crawford and Mr. Gerber, the owners redid the landscaping, ripped out strips of concrete, and added a grassy meadow and interior updates.
After purchasing a $45 million property in Maui, Hawaii, they chose to sell it.
Our 4-bedroom, 7,450-square-foot Malibu Villa features outdoor decks on both levels to make the most of its expansive ocean views. Jade Mills’ listing says Private His path leads directly to El Sol Beach, and behind the home are outdoor spaces that include tennis courts, a pool, a spa, pool his deck, and a cabana with a fireplace. Coldwell Banker Real Estate. Mills was not available for comment.
The home is designed for indoor and outdoor living, with the main level open-plan great room and dining area opening onto a wraparound outdoor deck via sliding glass doors, according to the listing.
The primary bedroom suite has a fireplace, dual bathrooms, walk-in closet and sitting area. According to marketing materials, in addition to the other two ensuite bedrooms, the fourth bedroom has its own entrance, kitchen and bathroom.
Weiss, 54, co-founded the New York-based hedge fund Scout Capital Management before closing the company in 2014. A comment was not immediately available and the identity of the buyer could not be determined.