Netscape founder Marc Andreessen buys three more Paradise Cove properties for $78.5 million
Marc Andreessen, 50, and his long-term wife and heir Laura Arrillaga spent a record $1.77 on a bluff property in Paradise Cove last October Billion dollars, apparently they think they need more goodies.
They have now spent an additional $44.5 million on two adjacent parcels of land below the cliff top, 130 feet of sandy Escondido Beach, according to the Wall Street Journal.
They then spent an additional $34 million in an off-market transaction for a third adjoining property — also below the beach’s clifftop — with 57 feet of beach frontage. The property has a 3,600 square foot renovated home built in 1973. It was previously owned by a group of investors, including local builder Scott Gillen.
At the time of the first additional purchase, one lot had a 7,000-square-foot house, and the other had parking for 14+ cars, a guesthouse and an oceanfront pool.
The property was sold to Andreessen by longtime Malibu residents Richard and Liane Weintraub, who bought it for $19.5 million in 2018. The couple hired two architects (including Malibu’s Doug Burdge) to update the 1991 house and turn it into a sleek white contemporary.
The Weintraubs sold the property last summer for $55 million, which has since dropped to $51.5 million. Buyers negotiated an additional $7 million discount.
Billionaire Anderson co-founded Netscape and venture capital firm Andreessen Horowitz, and became a key early investor in cryptocurrencies, Facebook, Twitter, Instagram, GitHub and other tech companies.
Andreessen and Arrillaga’s primary residence remains in the Silicon Valley area.
‘Home Alone’ actor Daniel Stern puts Point Dume home for sale
Malibu longtime actor and writer Daniel Stern, 64, and his wife Laure have sold their Point Dume ranch home for $14.95 million after 30 years Listed for sale.
Nestled on a cul-de-sac, this secluded house sits on nearly two acres with mature trees and gardens, a swimming pool and dedicated beach access. The 1959 updated home has 4,325 square feet of five bedrooms and bathrooms.
Though perhaps best known in the world as the bumbling burglar in the two “Home Alone” movies, Stern was also an active member of the Malibu community—he was one of the founders of the Malibu Boys and Girls Club in the 1990s, and Served as Chairman of the Malibu Culture and Arts Council. In addition, he was a bronze sculptor and the father of California Senator Henry Stern.
The daughter of a Russian oligarch gets a record $49 million Point Dume estate.
The Julia Lebedev mansion on the cliff-top Bird View Drive in Point Dume was acquired in a cash transaction by an entity linked to Knoxville businessman Charlie Anderson, who has a controlling stake in Anderson Media. According to Dirt, it’s Point Dume’s biggest sale since Johnny Carson’s former home sold for $40 million three years ago.
Los Angeles-based filmmaker Julia Lebedev is the eldest daughter of billionaire Russian oil trader and former politician Leonid Lebedev, a former senator, according to Dirt. Leonid, once one of Russia’s elite, was “exiled” from Russia in 2015 after being accused of embezzling hundreds of millions of dollars, something he denies.
Julia reportedly spent very little time at the Malibu house, which was mostly vacant. Built in 1995, this approximately 9,000 sq. ft. Mediterranean-style home on 1.2 acres features a long driveway, two-story guesthouse, full-size tennis court and 12-plus car racing track. There is also a wine cellar, media room, large swimming pool, terrace and manicured gardens suspended from the cliff top.
Lebedev, in his 30s, was born in Los Angeles and married Jonathan Moss. They currently live in Los Feliz.
Hedge fund billionaire buys two Point Dume homes for $56 million
Charles Payson “Chase” Coleman III, CEO of Tiger Global Management, 46, is the world’s highest-paid hedge fund manager in 2020. He is a direct descendant of Peter Stevenson, the last Dutch governor of New York, and was educated in selective schools.
According to Dirt, Coleman and wife Stephanie Ecklentz Coleman, who appeared in the infamous 2003 documentary “Born Rich” with Ivanka Trump and Georgina Bloomberg, already own several properties, including one on “Billionaires Row” in the Hamptons of waterfront mansions and $100 million mansions. Duplex near Central Park.
Last summer, the couple bought two homes from two different sellers in two separate off-market transactions in Point Dume for a combined $56 million. Said to be “jogging distance,” the first property was purchased for $21 million, with a new mansion but no ocean views. The second property, purchased for $35 million, is smaller and older, but has stunning ocean views.