The stunning Malibu, California, mansion owned by billionaire Joe Lacob of the Golden State Warriors is up for auction, but only extremely wealthy buyers need to apply for the incredible estate, which is listed for a whopping $44 million.
The Warriors owner, who Forbes estimates to be worth $2.1 billion, paid $29,100,000 for the lavish beachfront home in 2019. The $34.5 million asking price was 15% less than the final closing price.
The billionaire’s property is located on Carbon Beach, which is also known as Billionaires Beach due to the large number of megamansions that line the coast. This is not surprising given his vast riches.
Lacob’s property boasts five bedrooms and 5.5 bathrooms across 5,512 square feet on three levels of living space.
The “entertainer’s dream home” is sleek and modern with a whiff of James Bond-villain vibe, the listing notes. It combines “luxury, design, and technology.”
Lacob’s property boasts five bedrooms and 5.5 bathrooms across 5,512 square feet on three levels of living space.
The “entertainer’s dream home” is sleek and modern with a whiff of James Bond-villain vibe, the listing notes. It combines “luxury, design, and technology.”
Impressive from the jump
Impressive from the start, the private courtyard entry features a waterfall wall, which opens to ocean views thanks to expansive glass walls and decks.
With a floating glass and wood staircase and an open plan, nothing gets in the way of the water views on all three levels.
The main level features a dramatic Italian slab fireplace, glass wine wall, and Fleetwood glass doors.
Other highlights include a high-end chef’s kitchen with a center island and breakfast counter, a home theater, a lounge area with a glass-enclosed gym, and an elevator.
The second-level primary suite comes with deck access, a luxurious bath, and a walk-in closet.
Outdoor space galore
The mansion features direct beach access with two outdoor showers. The third level includes a spectacular deck with a fire table that seats 12, a barbecue island with a kitchen, a lounge area with a fire pit, and a hot tub.
Multimillion-dollar market
The Malibu market has been on fire of late, with massive, multimillion-dollar deals closing, and one listing agent promising that a jaw-dropping $300 million property will be on offer soon.
Just this summer, a $210 million deal closed in the luxe beach town, setting a new record not just for the town but also for the entire state of California. It beat out JAY Z and Beyoncé‘s $200 million Malibu deal done just last year.
Billionaire Laurene Powell Jobs also scooped up a Malibu property in June worth $94 million. And more recently, rapper Kanye West‘s stripped-down mansion is close to a sale after it was listed for a reduced $39 million.
Lacob is no stranger to making deals as the majority owner of the Golden State Warriors. He led the ownership group that picked up the franchise in 2010 for $410 million. Since then, the team’s value has grown some 15 times, to approximately $7.7 billion, and the Warriors have won four NBA titles. Prior to realizing his hoop dreams, Lacob worked for the venture capital firm Kleiner Perkins.