Seems like Ted Sarandos and Nicole Avant are officially done with Malibu. Back in 2018, the high-profile entertainment exec and hardcore real estate aficionado and his longtime wife, a Hollywood producer and former U.S. ambassador, sold one of their two Malibu homes — this one an Italianate villa-style mansion atop a bluff above the beach — for $21.3 million to English pop star Robbie Williams and his wife Ayda Field. (Williams and Field later flipped that property for $28 million to its current owner, football superstar Aaron Rodgers.) Now the Netflix co-CEO and Avant are looking to unload their other 90265 residence, this one an oceanfront mini-compound set on coveted La Costa Beach.
Pre-COVID-19, Sarandos and Avant were one of L.A.’s most highly visible power couples, often throwing elaborate bashes in their main residence — a decadent 1920s Hancock Park estate previously owned by Melanie Griffith and Antonio Banderas. The Avant-Sarandoses paid a record $16 million for that place in 2015, and they’ve since added to their property portfolio with the $34.2 million acquisition of a palatial Montecito estate that was sold to them by Ellen DeGeneres and Portia de Rossi.
Now that Hancock Park and Montecito occupy the majority of their time, Sarandos and Avant have slapped a $14.9 million pricetag on their Malibu getaway. Built in 1996 and renovated since, the contemporary Mediterranean-look home has nearly 3,800 square feet of living space under roof. Out front, along bustling Pacific Coast Highway, a windowless façade of white wall and garage door greets passersby, leaving little hint of what’s inside.