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Fashion Tycoon’s Serge Azria sells 7 acres of Malibu compound for $ 177 million.

Fashion tycoon Serge Azria sells 7 acres of Malibu compound for $ 177 million. This is the most expensive property ever sold in California, eight years after it was purchased for $ 41 million.

  • The sale of Azria’s Malibu property broke the record for sale in California, just below the $ 238 million purchase of a New York penthouse by billionaire Ken Griffin.
  • The vast grounds cover 7 acres in two plots, the main building is approximately 10,000 square feet and houses a cinema, spa and two guesthouses.
  • Azria is the CEO and creative director of brands such as Equipment and Joie.
  • The sale broke the $ 165 million state record set by Warner Estate when media mogul David Geffen sold his Beverly Hills mansion to Jeff Bezos in 2020.
  • Azria and his wife, Florence Azria, bought a home for just $ 41 million in 2013 and spent four years completely renovating the property.


Fashion tycoon Serge Azria sold his giant Malibu compound for a record $ 177 million eight years after buying seven acres of land for just $ 41 million.

The sale of Azria, his oceanfront real estate in the Paradise Cove section of Malibu, is the most expensive real estate sold to date. California And after Kenneth C. Griffin of Billionaire bought a $ 238 million penthouse in New York in 2019, it’s the second most intimate in US history. The Wall Street Journal report.

Azria is the CEO and creative director of brands such as Equipment and Joie, and has completed a major real estate refurbishment in the eight years since it was purchased.

Azria’s wife Florence A look at the Malibu house seen in a 2019 post from Azria

The sale breaks the $ 165 million state record set by Warner Estate when media mogul David Geffen sold Beverly Hills to Amazon founder Jeff Bezos (the estate photographed in 2013). )

The sale breaks the $ 165 million state record set by Warner Estate when media mogul David Geffen sold Beverly Hills to Amazon founder Jeff Bezos (the estate photographed in 2013). )

The 2013 photo shows a property in Malibu before it was sold to fashion tycoon Serge Azria.

The 2013 photo shows a property in Malibu before it was sold to fashion tycoon Serge Azria.

The 2013 image shows a view of the pool with a beautiful view of the Malibu Sea.Since then, it has been significantly refurbished

The 2013 image shows a view of the pool with a beautiful view of the Malibu Sea.Since then, it has been significantly refurbished

Serge Azria's wife Florence Azria takes pictures in a closet at Malibu's house

Serge Azria’s wife Florence Azria takes pictures in a closet at Malibu’s house

Sale breaks $ 165 million state record It was set when media mogul David Geffen sold a vast nine-acre land in Beverly Hills to Amazon founder Jeff Bezos in February 2020.

Co-founder of Kurt Lapaport Westside Estate Agency, Behind the record-breaking transaction.

Azria told The Wall Street Journal that the vast site covers seven acres in two plots, the main building is about 10,000 square feet, and has a cinema, spa, and two guesthouses.

Azria and his wife, Florence Azria, bought a home for $ 41 million in 2013 and spent four years completely renovating the property. He wants the unnamed buyers to have fun.

Serge Azria (pictured) is the CEO and creative director of brands such as Equipment and Joie.

Serge Azria (pictured) is the CEO and creative director of brands such as Equipment and Joie.

A bird's-eye view of a huge Malibu home that Azria recently sold for $ 177 million

A bird’s-eye view of a huge Malibu home that Azria recently sold for $ 177 million

Azria's home in the Paradise Cove section of Malibu broke sales records in California when it was recently sold (real estate taken in 2013).

Azria’s home in the Paradise Cove section of Malibu broke sales records in California when it was recently sold (real estate taken in 2013).

View of a pool on a 7-acre site recently sold for $ 177 million in 2013 before Azria bought and remodeled a home

View of a pool on a 7-acre site recently sold for $ 177 million in 2013 before Azria bought and remodeled a home

The sale of Azria, his oceanfront estate in the Paradise Cove section of Malibu, broke the sale record in California.Its idyllic garden was painted in 2013 before it was refurbished

The sale of Azria, his oceanfront estate in the Paradise Cove section of Malibu, broke the sale record in California.Its idyllic garden was painted in 2013 before it was refurbished

“I’m proud that someone wants to pay this kind of price for what I’ve created,” he told the WSJ.

Fashion tycoon said he turned his attention to home remodeling as to why he sold his home after working hard A 1927 Spanish-style house in Bel Air. ‘

“I like to go ahead and do something different,” he told The WSJ.

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Fashion Tycoon’s Serge Azria sells 7 acres of Malibu compound for $ 177 million.

Source link Fashion Tycoon’s Serge Azria sells 7 acres of Malibu compound for $ 177 million.

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