Malibu · Provenance Record
Jannard Estate, 33064 Pacific Coast Highway
$210,000,000 · recorded 2024
Malibu, CA
The 9.5-acre beachfront estate near El Pescador State Beach has traded three times since 2002, each sale multiplying its value: from $31 million for Herbalife co-founder Mark Hughes, to $75 million when Oakley founder James Jannard bought it in 2012, to a California-record $210 million when Jannard sold it off-market in June 2024. The sale briefly stood as the most expensive residential transaction in state history.
Sale Price
$210,000,000
Record Date
June 2024
Status
Closed (Off-Market)
Property Type
Single-Family Estate
Listing Agent(s)
Kurt Rappaport, Andreas Elsenhans
Listing Brokerage
Westside Estate Agency
Buyer’s Agent(s)
Helen Chong, Susanna Leung
Buyer’s Brokerage
Haylen Group
Ownership Lineage
Every press-verified change of hands on record for this property, in order.
Sold · $31,000,000
Herbalife co-founder Mark Hughes sells to Howard Marks
Herbalife co-founder Mark Hughes sells the Malibu oceanfront estate to Howard Marks, co-founder of Oaktree Capital Management, for $31 million.
Sources: Los Angeles Times / AOL
Sold · $75,000,000
Oakley founder James Jannard buys the estate
Eyewear mogul James Jannard, founder of Oakley, purchases the Ferguson & Shamamian–designed, Michael S. Smith–decorated estate from Howard Marks for $75 million.
Sources: The Real Deal, Los Angeles Times / AOL
Sold · $210,000,000
Jannard sells off-market for $210 million, a California record
Jannard sells the 9.5-acre, 15,000-square-foot beachfront estate off-market to a Delaware-based LLC for $210 million, shattering the California residential sale record set a year earlier by Beyoncé/Jay-Z's $200 million purchase in Paradise Cove. Kurt Rappaport and Andreas Elsenhans of Westside Estate Agency represent Jannard; Helen Chong and Susanna Leung of Haylen Group represent the undisclosed buyer.
Sources: The Real Deal, Los Angeles Times / AOL, Cape Gazette, Traded
Press Citations
Every fact on this page traces to one of these sources.
The Real Deal
Oakley Founder Sells Malibu Estate for $210M, a State Record
The Real Deal reported the $210 million sale and traced the property's chain of title back through Jannard's 2012 purchase from Howard Marks and Marks's 2002 purchase from Mark Hughes.
June 2024
Los Angeles Times / AOL
Oakley Founder James Jannard Sells Malibu Mansion for $210 Million — a California Record
The Los Angeles Times, first to report the sale, confirmed the full chain of ownership and the off-market nature of the deal.
June 2024
Cape Gazette
The 31 Most Expensive Luxury Home Sales in the U.S. for 2024
Cape Gazette named Kurt Rappaport and Andreas Elsenhans as the sellers' agents and Helen Chong and Susanna Leung of Haylen Group as the buyer's agents.
2024
Traded
Traded recorded the $210,000,000 sale price and 9.5-acre lot size for the Pacific Coast Highway estate.
December 2024
The Real Deal
Kurt Rappaport to Roll Out $300M Estate Listing in Malibu
In a later profile, The Real Deal confirmed Rappaport brokered the June sale and that the buyer was not disclosed.
August 2024
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
- The identity of the Delaware LLC buyer is not disclosed in the sources reviewed.
- Sources
- Every fact above carries its own citation, linked in the Press Citations section. Sourced from The Real Deal, the Los Angeles Times, Cape Gazette, and Traded.
- Corrections
- Unconditional and not contingent on any commercial relationship. See Corrections Policy.