malibu colony

Controversial Wells Fargo House in Malibu Colony Sold

Filed under: Estates

The foreclosed-on house where a Wells Fargo vice president moved herself in and threw wild parties has been sold for $14,950,000, according to the MLS. The house had been originally listed at $21 million and then dropped to $18 million.

The four-bedroom, four-bath home is located in the famed Malibu Colony and has unobstructed ocean views. It has walls of glass, and features an indoor/outdoor living space with glass pocket doors leading to the outdoors. There are state-of-the-art appliances in the chef's kitchen and the master suite has a steam shower, spa tub and large walk-in closet.

The 3,800-square-foot house drew international attention last September when it was learned that a Wells Fargo bank vice president had moved herself in after the bank had foreclosed on the property. She was fired once her escapades became public. Some local Realtors said the bank blocked showings of the home. Neighbors reported large parties being thrown at the property, including some where guests would be ferried to the house from a yacht anchored off shore. The original owners were a couple who had been duped by Bernie Madoff.

Hilton & Hyland agent Chad Rogers had the listing and is believed to have also represented the buyer. Rogers declined to comment on the sale.

Gallery: Malibu Colony Road

Tags: malibu colony, malibu real estate, wells fargo

Wells Fargo Malibu Colony Party House Officially Listed

by Deidre Woollard (RSS feed) —

Filed under: Estates, Crimes and Misdemeanors

Remember the Wells Fargo Malibu Colony house we discussed a few days ago? It's the one where Wells Fargo senior vice president Cheronda Guyton moved in her family for a summer of fun weekend parties after the home was surrendered to the bank. At the time we had heard that the home was listed at around $12 million but Curbed LA alerts us to a shiny new listing and a groaner of a new price, $21.5 million. Hilton & Hyland agent Chad Rogers has the listing. Curbed asks why, given the scandal, Wells Fargo chose one of the showier stars in the Los Angeles real estate firmament. I suppose that the bank figures it many as well take advantage of the flurry of publicity and get the house sold.

Gallery: Malibu Colony Road

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Tags: cheronda guyton, cherondaguyton, malibu colony, MalibuColony, wells fargo, WellsFargo

Foreclosed Malibu Home Is Sweet Temptation For Bank Exec

by Deidre Woollard (RSS feed) —

Filed under: Estates

I was ready to sneer at the Wells Fargo & Co. executive who helped herself to a foreclosed Malibu beach house that she was supposed to oversee but then I got a look at the property. Such temptation! I can understand why the woman might have been tempted to invite a few friends over to the $12 million beachfront home.

The owners, who had lost money in Bernie Madoff's Ponzi scheme, surrendered their fantastically-turned out estate in the pricey enclave of Malibu Colony. The secure community provides a welcome retreat for celebrities, movie execs and other affluent individuals. The fantastically wealthy area functions a bit like a small town where everyone knows each other. Residents in the community noticed the Wells Fargo exec throwing parties in the home and wrote down the license plate number of a Volvo sport-utility vehicle they say was parked in the home's garage. A check of state motor vehicle license plates by the LA Times found the vehicle was registered to Wells Fargo senior vice president Cheronda Guyton.

The 3,800-square-foot, two-story modern home is not on the market but the property website lists it as price available on request.

Gallery: Malibu Colony Road

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Tags: foreclosure, malibu colony, MalibuColony, wells fargo, WellsFargo

Malibu Colony Folk Art, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

I'm showing you this one simply for the decor. This home in the Malibu Colony in California is completely devoted to the world of folk art and Americana. Look beyond the decor and it seems to be a fairly nondescript though lovely white and bright contemporary California home. Slate and hardwood floors and a shiny new kitchen add to the appeal. There are three bedrooms including a second story master suite. It also features ones of the oddest toilet paper racks I have ever seen. The home also has a private pool and spa. This home is listed at $5.5 million.

Gallery: Malibu Colony Folk Art