Heard about an actual property market slowdown? Pshaw! It doesn’t seem to have impacted Malibu’s famed Broad Seashore, the place a home that traded arms for lower than $8 million 5 years in the past has simply offered once more — this time, for $35 million. The lucky off-market sellers have been movie producer Oren Koules (Two and a Half Males, the Noticed franchise) and his spouse, restaurateur and former Prime Chef Canada decide Shereen Arazm Koules.
In response to property data, the spendy purchaser is L.A. actual property whale Miriam Schaeffer, who already owns 11 different multimillion-dollar houses, together with three posh Malibu estates and a number of mansions in Hidden Hills, Beverly Hills and Brentwood. Schaeffer, 72, is the ex-wife of OPI nail polish founder George Schaeffer.
On the time Koules and Koules purchased the Nineteen Seventies home, it was considerably of a seaside stinker. Properly maintained however decoratively dated, the interiors have been victims of a ’90s renovation. The couple subsequently employed Steven Kent Architects to offer the place a multi-year overhaul that reworked it into a classy compound consisting of an oceanside fundamental home and a indifferent two-car storage topped by an upstairs guesthouse.
Unusually, Shereen Arazm Koules and her longtime pal Lara McGraw deliberate and made all the inside design and decor selections themselves, with out the help of an inside designer. That call clearly paid off huge time, and the home appears to be like as magazine-ready as any of the luxurious neighboring properties. The wood-sided construction is ethereal and minimalist, with a comfortable, impartial shade palette that deliciously frames ocean views via partitions of glass.
For the reason that property was by no means publicly listed on the market, additional particulars are slim. However we do know there’s an in-ground sizzling tub, plus an upstairs grasp retreat with a hearth and personal balcony. Cooper Mount of Carolwood Estates held the itemizing; Jacob Dadon of Sotheby’s Worldwide Realty repped the customer.
The Koules household is staying placed on Broad Seashore; per data, the couple has paid $14 million to downsize right into a smaller residence only a brief and sandy stroll away from the home they only offered. We suspect the pair will give that place a clean-lined replace, simply as they did with their former Broad Seashore digs and their previous Hancock Park mansion, which was offered some years in the past to Ozzy and Sharon Osbourne.
This story initially ran on Filth.com, which has further pictures.