Sea Lane Drive, Estate of the Day
Properties that come with 339 feet of beach and occupy 6.6 acres just don't come on the market that often in Malibu and when they do, they command pretty high price tags. In this case, it's $55 million for a house expected to hit the MLS early this week. The home belongs to the estate of Max Palevsky, the founder of the computer chip giant Intel. Palevsky died in May at age 85.
His long-time Malibu house was designed by architect Joe Weiser in 1975. It was renovated by Italian designer Ettore Sottsass in 1984. The two-story Mediterranean villa has 11,313 square feet, with fire bedroom suites all in a separate wing. The master suite has two fireplaces, one in the sleeping area and one in the adjacent office. There are two side-by-side tubs, a sauna and a private deck with speakers. All of the bathrooms in the house have rare Catalina Tile Factory tiles. (The Catalina Island Tile and Pottery factory operated from 1927 to 1937 and the pottery and tiles produced during the factory's ten years are unique and highly sought-after.)
The home also has a theater room and a large formal dining room with a burl wood ceiling. The room has ocean views and a fireplace. The kitchen has three SubZero refrigerators, two dishwashers, oak cabinets, two cook tops and a butler's pantry with a sink, a wall of storage and large counter areas. There are 25-foot-tall ceilings in the living room, which also has a fireplace. The covered loggia entry was may play second fiddle to a secondary entrance that has a fountain and a geometric hedge garden basked on a section of The Alhambra in Spain with the foyer serving as an art gallery. there is a spa on the ocean side bluff with a fire pit and a large deck. Stairs lead to the private sandy beach.
Flooring in the house is a mix of tile with custom inlays and borders, cherrywood and some carpet. The home has a temperature-controlled wine cellar, stain glass windows and is surrounded by a 15' high wall with a large wooded gated entry for security. A guesthouse outside the walled estate has a bedroom, living room, bath and kitchen. The resort-style gardens feature Palm Groves, bougainvillea, a large Eucalyptus forest, an orchid shade house, coastal redwood trees, segos, coral trees, grassy lawns and a fruit tree orchard. There is a lighted tennis court with a half-bath and drinking fountain, plus a 20' x 40' pool with a large tiled fountain and speakers.
Jack Pritchett of Pritchett-Rapf Associates, Malibu, and Chris Cortazzo of Coldwell Banker Previews International, Malibu, share the listing.
Gallery: Sea Lane Drive