Fashion tycoon Serge Azria sells his seven acre Malibu compound for $177 MILLION – the most expensive property ever sold in California – eight years after he bought it for $41 million
- Azria’s sale of his Malibu estate broke a sale record in California and is just behind the $238 million New York penthouse purchase by billionaire Ken Griffin
- The massive property spans seven acres on two lots, while the main house is roughly 10,000 square feet and features a cinema, a spa and two guesthouses
- Azria is the CEO and creative director for brands including Equipment and Joie
- The sale breaks the $165 million state record set by Warner Estate from media mogul David Geffen when he sold his Beverly Hills mansion to Jeff Bezos in 2020
- Azria and his wife, Florence Azria, purchased the home for only $41 million in 2013 and have spent four years completely renovating the property
Fashion tycoon Serge Azria sold his massive Malibu compound for a record-breaking $177 million eight years after he purchased the seven-acre property for just $41 million.
Azria’s sale of his oceanfront estate, located in the Paradise Cove section of Malibu, is the most expensive property ever sold in California and the second-dearest in US history, behind the $238 million New York penthouse purchase by billionaire Ken Griffin in 2019, the Wall Street Journal reported.
Azria is the CEO and creative director for brands including Equipment and Joie, and has completed extensive renovations on the estate in the eight years since he has bought it.
The exterior of the Malibu home seen in a 2019 post from Azria’s wife Florence Azria
The sale breaks the $165 million state record set by Warner Estate from media mogul David Geffen when he sold his Beverly Hills to Amazon founder Jeff Bezos (estate pictured in 2013)
A 2013 photo shows the Malibu property before it had been sold to fashion tycoon Serge Azria
A 2013 image shows the view of the pool that offers a beautiful view of the Malibu waters. It has since been substantially renovated
Serge Azria’s wife Florence Azria takes a pictures in a closet located in their Malibu home
The sale breaks the $165 million state record set by media mogul David Geffen when he sold his sprawling nine-acre estate in Beverly Hills to Amazon founder Jeff Bezos in February 2020.
Kurt Rappaport, co-founder of Westside Estate Agency, was behind the record-breaking deal.
The massive property spans seven acres on two lots, while the main house is roughly 10,000 square feet and features a cinema, a spa and two guesthouses, Azria told the WSJ.
Azria and his wife, Florence Azria, purchased the home for $41 million in 2013 and have spent four years completely renovating the property, which he hopes the buyer, who he declined to name, will enjoy.
Serge Azria (pictured)is the CEO and creative director for brands including Equipment and Joie
An overhead view of the massive Malibu home that Azria recently sold for $177 million
Azria’s home, located in the Paradise Cove section of Malibu, broke a sale record in California when it was recently sold (estate pictured in 2013)
A view of the pool on the seven-acre property that recently sold for $177 million back in 2013 before Azria purchased and remodeled the home
Azria’s sale of his oceanfront estate, located in the Paradise Cove section of Malibu, broke a sale record in California. Its idyllic garden is pictured in 2013, before it was renovated
‘I’m proud someone wants to pay this kind of price for something I created,’ he told WSJ.
As to why he sold the home after working so hard on it, the fashion tycoon said he’s turned his attention to renovating a 1927 Spanish-style house in Bel-Air. ‘
‘I’m the kind of person who likes to move on and do something different,’ he told WSJ.
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