Venture capitalist
Marc Andreessen
and his wife, Laura Arrillaga-Andreessen, have purchased another trophy home in Malibu, this time for $44.5 million, according to people familiar with the deal.
The four-bedroom house on Escondido Beach was originally listed for $55 million in June 2021. The deal comes on the heels of the Andreessens’ purchase of a $177 million property from fashion mogul
Serge Azria
last year. The sale of that property, which is just down the street from the Escondido Beach house, set a record for the most expensive home ever sold in California, The Wall Street Journal reported.
Marc Andreessen.
Photo:
Justin Sullivan/Getty Images
According to public records, the seller of the Escondido Beach property was investor Richard Weintraub, who bought it for $15 million in 2018. That same year, Mr. Weintraub sold an elaborate Malibu compound once rented by entertainment power couple Beyoncé and Jay-Z for roughly $50 million, the Journal reported.
Mr. Weintraub confirmed the sale to the Andreessens, but said he was unaware of the couple’s plans for the property.
A spokeswoman for the Andreessens didn’t immediately respond to a request for comment.
The Escondido Beach home has high ceilings, walls of glass and ocean views from almost every room, according to the listing with Chris Cortazzo of Compass. There is an entry courtyard with a koi pond, a media room, a custom oceanfront bar and a wraparound deck, the listing says. There is also a basement wine cellar.
The home is just down the street from a larger, $177 million estate Mr. Andreessen purchased last year.
Photo:
EAGLEVIEW
SHARE YOUR THOUGHTS
What’s your favorite feature of this Malibu home?
Mr. Andreessen is the co-founder of venture-capital firm Andreessen Horowitz. Ms. Arrillaga-Andreessen is on the faculty at Stanford Graduate School of Business.
Write to Katherine Clarke at Katherine.Clarke@wsj.com
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Appeared in the March 25, 2022, print edition as ‘Venture Capitalist Marc Andreessen Makes Another Big Malibu Buy.’
Credit: Source link
