$115,000,000 | Built 1997 | 10,646 Sq. Ft. | 12 Beds | 14 Baths | 2.57 Acres
Malibu, California, United States
Metro Networks founder and American entrepreneur David Saperstein is unloading his modern compound in Malibu for a staggering $115 million. The 10,646 square foot residence sits on 2.6 lush oceanside acres with direct access to a large private beach. Malibu has been red hot for high end home sales in recent years. According to The Real Deal, last summer NBC Universal executive Ron Meyer sold his oceanfront property for $100 million and in 2018, Peter Morton sold his Carbon Beach estate for $110 million. If Saperstein finds a buyer for his asking price, his property would be the fourth most expansive ever sold in California. Known as Mar De Amor, Saperstein built the architecturally unique property in the early 1990s with a dramatic two-storey glass enclosed entrance as the focal point. Stunning ocean, coastline and island vistas are visible from each floor through floor-to-ceiling windows.
The 12 bedroom, 14 bathroom residence includes features such as a professional 20-seat home theatre, a 40 camera security system with 1 year memory, catering kitchen, Savant Pro Smart Home system and an eight car garage. Mar De Amor is on the market with Sotheby’s International Realty. Saperstein is also the man behind Los Angeles’ famed Fleur de Lys, a 50,000 square foot mansion designed by Robertson Partners. Saperstein, and then wife, Suzanne, commissioned the firm to design the sprawling residence from 1996 – 2002 and split just 18-months after completion. Suzanne sold the property in 2014 for $102 million.