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A massive beachfront compound in Malibu, CA, has landed on the market for $115 million. With the rarefied nine-digit price tag, it’s this week’s most expensive new listing on realtor.com®.

Known as Mar de Armor, or Sea of Love, the coastal compound was built for Metro Networks founder David Saperstein, according to the Wall Street Journal.

The sky-high price of such a spread has become more commonplace in Southern California, and this home in particular will likely tempt a wealthy buyer seeking a weekend escape. After all, the exclusive neighborhood is reportedly home to celebrities such as Leonardo DiCaprio and Courteney Cox, as well as Los Angeles Rams owner Stan Kroenke.

The 10,646-square-foot home boasts an unusual construction that comprises two wings facing each other. They’re connected by a two-story entry with a dramatic floor-to-ceiling chandelier.

Most expensive new listing this week

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Bedroom

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Staircase with floor-to-ceiling chandelier

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Private beach

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Tennis court

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“The house is architecturally modern,” says listing agent Drew Mandile with Sotheby’s International Realty. “It’s very stark-white inside. It’s very dramatic in an ocean coastline setting.”

He adds that due to tightening coastal building restrictions, “I don’t believe you can build that size of a home in Malibu again.”

Built in the 1990s, the 12-bed, 14-bath home features walls of glass and an open floor plan. The dramatic infinity pool juts toward the coastline, and there are water views on every floor.

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Watch: Own the Famed Malibu Pyramid House for $3.1M

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Luxe features and amenities include a home theater, wine storage, gym, formal dining room, chef’s kitchen, in-law apartment, and eight-car garage. The spacious master suite comes with a walk-in closet and bath with a copper soaking tub.

The property’s 2.6 acres include a tennis court, decks, patios, Zen walkways, and lush landscaping.

Perhaps most tantalizing of all, the property includes a large private beach. Really, what’s not to love?

The post Shooting for the Stars, $115M Malibu Estate Is the Week’s Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®.

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