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.
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Image Credit: Realtor.com Directly behind the detached garage lies a wee courtyard — it’s little more than a brick patio, really — accented by a Buddha, a bougainvillea plant, and a pool lying directly between the main house and garage. The unusual setup means arriving guests must traipse past the pool to reach the home’s front door; there’s also a detached cabana with a bar.
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Image Credit: Realtor.com Guests can also catch glimpses of the ocean through the home’s glass front doors, which open into an extra-voluminous great room with separate living and dining areas, plus a fireplace and no fewer than four sets of French doors opening to oceanside balconies.
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Image Credit: Realtor.com The great room connects to a step-up family room with a cozier vibe and another fireplace. In this space, more French doors open to a deck with an al fresco dining loggia.
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Image Credit: Realtor.com Set catty-corner to the great room, the home’s kitchen is not particularly big, though the space is suitably upgraded with top-of-the-line Viking appliances and a breakfast bar.
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Image Credit: Realtor.com The home’s staircase is overlooked by a dramatically domed ceiling with an octagonal skylight. Hardwood floors continue from the lower floor into the master bedroom, which has its own private balcony with blissful whitewater views.
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Image Credit: Realtor.com The master retreat also includes its own sitting room/office, and there are three additional bedrooms, two of which boast ensuite baths.
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Image Credit: Realtor.com It appears that Sarandos and Avant have an expensive habit of buying celebrity-owned homes; records reveal they acquired this Malibu property for $10.2 million in 2013 from David Spade, who had asked as much as $16 million for the place before settling on the couple’s lowball offer. Other La Costa homeowners are not limited to Candy Spelling, real estate billionaire Rick Caruso, and film producer Bob Yari.
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Image Credit: Realtor.com Jonah Wilson of Hilton & Hyland and Chris Cortazzo of Compass are co-listing the home.
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Image Credit: Realtor.com