Sea Lane Drive, Estate of the Day

by Ann Brenoff (RSS feed)
Jul 26th 2010 at 1:01PM

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.

http://www.sealanemalibu.com/

Gallery: Sea Lane Drive

Tags: california real estate, estate of the day, malibu, malibu real estate, max palevsky

Filed under: Estates

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Reader Comments (Page 1 of 2)

monet Jul 26th 2010 1:20PM

Wow... Landscaping costs alone would be more than my current mortgage

jai Jul 27th 2010 8:29AM

all those exterior shots *and* they didn't bother to clean the hot tub??

Jason D Jul 26th 2010 9:48PM

This price puts it above portabello...sorry but portabello has this beat hands down

DJ Jul 26th 2010 3:41PM

NEVER thought i would ever say this, but this may actually be worth the asking price!

KATHIE Aug 1st 2010 3:19PM

WOW !!!!!!!!!!

Jennifer Aug 1st 2010 3:24PM

Amazing piece of property. Lovely exterior and landscaping. The interior decorating however is truly heinous. It would cost a fortune to redo the loud, obnoxious tile in several areas, and replace all the Nordic looking furniture that has no place in a home like this. Yikes, whoever did this must have either been on drugs or was playing a terrible joke on the owner. Surely that has to bring the price down a few mil.

syl1969 Aug 1st 2010 9:24PM

I know! Reminds me of an old TV commercial: 'Money - no taste'

Bill Aug 1st 2010 3:47PM

And who would my neighbours be?
Is this a crime free area.

mark Aug 1st 2010 4:09PM

the inside's hideous. it looks like something from the 70's in mexico.

Laura Lynn Aug 1st 2010 4:20PM

One of the few Malibu homes I've seen that I've actually liked, but there are still many changes I'ld like to make. Over all thought, it is a lovely piece of property.

Mike Aug 1st 2010 4:24PM

Okay, I'll take it.

tropsen Aug 1st 2010 4:31PM

As a landscape Designer I can say millions were spent on the exterior. Beautiful. BUT the interior is very dated. I did like the unusual tile work ..creative. Unfornutately the rest is very heavy and not inviting.

Nice property..but for 25 million you would need to completely redo much of the interior. Oh well you are paying for Location, not decor.

trop10 Aug 1st 2010 4:49PM

Wonder what they gave ouy for Trick or Treat there.

Oskar Lievowitz Aug 1st 2010 4:59PM

This place looks too too! I could build some couple hundred condos there and rent them and pay for the whole shebang.
Has room for my chickens, cows, goats, horses and hounds as well.
I could teach my kids to do yard work and cut out that little expense.
Wonder what the taxes per year on the casa are?
That would be the deal killer if they are too alto.
Better hurry up and offer ahead of me as I really want that place.
Rojo