The Pacific Ocean views alone make Kathleen Kennedy and Frank Marshall's $18.5 million Malibu home worth every bit of its $18.5 million price tag.
The Hollywood power couple, who also own a home in L.A.’s rustic Sullivan Canyon that was previously owned by Bea Arthur, purchased their Malibu getaway in 2015 for $9.75 million, which means they’re looking to just about double their money on the spectacularly sited residence.The slightly shy of 4,000-square-foot, single-level home, on the high side of a steeply sloped 2.
The—ahem—cinematic sunset views take center stage in the serene and relaxed living room, where the crisply tailored and clean-lined interiors are moderated with natural materials. There are art-friendly white walls, a vaulted exposed wood ceiling, matte-finished wide-plank wood floorboards, and a minimalist fireplace set into a thick concrete column.
Most rooms flow easily out to the backyard, where, in addition to the swimming pool and spa, there’s a pergola-shaded dining terrace, a tree-shaded patio with an outdoor fireplace, an outdoor shower, and, nestled into the slope below the pool, a seating area that gives the impression it’s floating on the ocean.
The property transfers with membership rights to the low-key La Costa Beach and Tennis Club, which maintains a charming oceanfront clubhouse with barbecue facilities, bathrooms, and a beach volleyball court. The club’s three lighted tennis courts are about half a mile away.
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