Howard Marks — the billionaire investor widely considered one of the world’s foremost trophy property collectors — is still growing his portfolio, now more than nine lavish homes strong. Records indicate the 75-year-old Oaktree Capital cofounder and his longtime wife Nancy have plunked down $29.2 million for a sumptuous estate in prime Malibu, right on the sandy shore of the city’s coveted Broad Beach.
And like many of Marks’ residences, this place certainly has its fair share of starry pedigree. It was sold to him by Robyn Moore, the Australian former dental nurse best-known to the public as the ex-wife of Mel Gibson. Moore purchased the home from Walt Disney’s grand-niece, Susan Disney Lord; the property was also reportedly once owned by Neil Simon. And even the bones themselves have a pedigree: the structure was designed by acclaimed Californian architect Gerard Colcord, the master behind some of SoCal’s most elegant traditionalist homes.
Moore first put the place up for sale in February, asking $32 million. While the sale price rang in at a discount, it’s still a huge win for her — the 60-year-old paid “just” $18.2 million back in 2014. Set on either a double-wide or triple-wide oceanfront lot, the estate is among the most discreet and private on Broad Beach, lying fortress-style behind big gates and a long driveway, and it includes more than an acre of land and a stunning 100 feet of coastline frontage.
Ellen Francisco of Coldwell Banker held the listing; Linda May of Hilton & Hyland repped Marks.
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Image Credit: Trulia The main house, a Cape Cod-meets-Colonial structure painted a pale shade of yellow and accented by creamy white trim, sits below street level beyond the cobblestone driveway and driveway gates. A white picket fence surrounds the 4,900-square foot house.
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Image Credit: Trulia Renovated during Moore’s ownership, the open living areas offer calming neutral colors and walls of disappearing glass doors that open to wraparound terraces.
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Image Credit: Trulia A country-esque farmhouse kitchen adjoins the great room, replete with brick walls stained a muted off-white and coventional Shaker-style cabinetry. Livening up the joint is a wooden center island painted a striking canary yellow. For balmy summer days, the kitchen opens directly to an outdoor dining loggia with ocean views.
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Image Credit: Trulia The main house includes three ensuite guest bedrooms, plus an upstairs master reteat with a sitting area and a blue mosaic-tiled fireplace. Dual master bathrooms and a lavish dressing room are also included, though the spectacular ocean views still take center stage.
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Image Credit: Trulia Marks’ new estate is a bonafide compound, also containing a wee detached guesthouse and separate oceanfront pavilion. Other amenities include an inground spa, a wooden deck ideal for sunbathing, and a private sandy volleyball/sports court.
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Image Credit: Trulia Astute real estate watchers will know that this is not the Markses first Malibu mansion; way back in 2002, they paid $31 million to the estate of late Herbalife founder Mark Hughes for a titanic blufftop spread that was subsequently renovated and sold in 2013 for $74.5 million to billionaire entrepreneur Jim Jannard, founder of the Oakley sunglasses brand.
The couple’s current homes include — but may not be limited to — two separate estates in the Hamptons, each of them worth tens of millions; a $52 million duplex at 740 Park Avenue, one of Manhattan’s most prestigious residential buildings; a $35 million compound in Beverly Hills; a $26.2 million mansion in Holmby Hills, bought just last year; a mansion-sized flat in one of London’s poshest neighborhood pockets; and the home they’ve owned the longest — a majestic estate on the Spanish island of Mallorca, in the Mediterranean Sea.
As for Moore, she’s “downsized” to a $17.5 million estate in Malibu’s Point Dume neighborhood, perched atop a steep bluff directly overlooking Zuma Beach.
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Image Credit: Trulia