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Broad Beach makes waves in Malibu home market

June 13, 2013|By Lauren Beale
  • A Broad Beach house designed by architect Frank Gehry is the most expensive Malibu house currently for sale in the MLS at $57.5 million.
A Broad Beach house designed by architect Frank Gehry is the most expensive…

Malibu’s celebrity-studded Broad Beach appears to be engaged in a throwdown of sorts with billionaire bastion Carbon Beach to the east as several properties of note have come on the market within the last month.

At $57.5 million,  the most expensive Malibu listing now in the Multiple Listing Service is the Frank Gehry-designed Borman estate set on more than an acre. The site has 160 feet of beachfront, an ocean-view tennis court, a lap pool and a spa. A steppingstone path through lawn leads to the sand.

The 11,413-square-foot two-story home, custom built in 1989, features a gym, a wine cellar, a loft, five fireplaces, a sauna, six bedrooms and two bathrooms.

PHOTOS: Grandest pool around? Malibu has it

Owner Burton Borman, who died last year at 85, was the former chief executive of insurance company PennCorp Financial. A tennis lover, he commissioned Gehry to design the beach house.  Among Gehry’s credits are Walt Disney Concert Hall in downtown Los Angeles and Spain’s Guggenheim Museum.

Those failing to make the short list to view the Modern-style Gehry mansion may qualify for a peek at a nearby Gerard Colcord-designed beach house priced at $24 million.

The Cape Cod-inspired manse sits on more than three-quarters of an acre and has 100 feet along the beach. The 4,833 square feet of living space contain four fireplaces, a sun room, an office, four bedrooms and 5.5 bathrooms. There’s also a gazebo, a spa and a guesthouse.

Do-it-yourselfers can pick up a more than one-acre Broad Beach site with 120 feet of sandy frontage for $29.5 million. The parcel comes with a building permit for a 10,000-square-foot compound with eight bedrooms, 9.5 bathrooms, a pool with a spa, a paddle tennis court, a theater and an office.

Jeffrey Hyland of Hilton & Hyland and Jack Pritchett and John Consentino of Pritchett-Rapf & Associates are the listing agents of the Gehry-designed gem, according to the MLS. Pritchett and James Rapf of Pritchett-Rapf & Associates are the listing agents for the Colcord classic. Pritchett has the listing on the parcel with the permit.


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