Malibu · Provenance Record
27740 Pacific Coast Highway
$177,000,000 · recorded 2021
Malibu, CA
The seven-acre blufftop compound above Paradise Cove has traded twice on the public record: from $41 million when apparel mogul Serge Azria bought it from the estate of producer Jerry Weintraub in 2013, to a then-California-record $177 million when venture capitalist Marc Andreessen and his wife, Laura Arrillaga-Andreessen, purchased it off-market in October 2021. The sale briefly stood as the most expensive residential transaction in California history and the second-most expensive in the United States.
Sale Price
$177,000,000
Record Date
October 2021
Status
Closed (Off-Market)
Property Type
Beachfront Compound
Listing Agent(s)
Listing Brokerage
Westside Estate Agency
Buyer’s Agent(s)
Buyer’s Brokerage
Westside Estate Agency
Ownership Lineage
Every press-verified change of hands on record for this property, in order.
Sold · $41,000,000
Serge Azria buys the compound from the Jerry Weintraub estate
Apparel mogul Serge Azria, founder of the Joie and Equipment clothing lines, purchases the seven-acre Paradise Cove bluff property for $41 million from the estate of film producer Jerry Weintraub.
Sold · $177,000,000
Andreessen buys off-market for $177 million, a California record
Marc Andreessen and Laura Arrillaga-Andreessen purchase the compound off-market from Serge and Florence Azria for $177 million, first reported by The Wall Street Journal, surpassing the $165 million record set the prior year by Jeff Bezos's purchase of the Warner Estate. The home was never listed on the open market or the Multiple Listing Service. Kurt Rappaport of Westside Estate Agency represents both parties.
Sources: The Hollywood Reporter, Inman, Los Angeles Times / Westside Estate Agency, Traded
Press Citations
Every fact on this page traces to one of these sources.
The Hollywood Reporter
Billionaire Marc Andreessen Pays Record $177 Million for 13-Structure Malibu Compound
The Hollywood Reporter named Serge and Florence Azria as sellers and Marc Andreessen and Laura Arrillaga-Andreessen as buyers, and confirmed the sale as California's priciest residential transaction to date.
November 2021
Inman
$177M Malibu Home Sale Sets New California Record
Inman, citing The Wall Street Journal, confirmed the $177 million price surpassed the $165 million record set by Bezos's Warner Estate purchase in 2020.
November 2021
Los Angeles Times / Westside Estate Agency
Billionaire Marc Andreessen Buys Malibu Mansion for $177M, a California Record
The Los Angeles Times confirmed Azria's 2013 purchase price of $41 million and named Kurt Rappaport of Westside Estate Agency as the agent for both sides of the transaction.
November 2021
Traded
Marc Andreessen Sets Record With $177M Purchase of Malibu SFR From Serge Azria
Traded recorded the October 2021 closing date, the $177,000,000 sale price, and Kurt Rappaport of Westside Estate Agency as broker of record.
2021
How This Record Was Verified
- Method
- Compiled from public property records and their named press citations. This lineage reflects only transactions independently confirmed by the sources cited.
- Open entries
- None. Both transactions and the agent of record are confirmed across multiple named sources.
- Sources
- Every fact above carries its own citation, linked in the Press Citations section. Sourced from The Hollywood Reporter, Inman, the Los Angeles Times, and Traded.
- Corrections
- Unconditional and not contingent on any commercial relationship. See Corrections Policy.