Home ECONOMY Malibu mansion with spa, theater hits market with a catch

Malibu mansion with spa, theater hits market with a catch

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This decadent listing offers a life of luxury — but only to those who care to share.

In Malibu, a seven-bedroom, 11-bathroom home has hit the market for $2.23 million for one-eighth ownership. The property, which is listed with Pacaso, is valued at $17.85 million in whole, but is currently only available for a buyer game for partial possession, and a partial stay: The listing specifies that one-eighth of ownership allows them to live at the property for “up to 44 nights a year.”

Pets and children are welcome, the listing further notes.

“Behind two private gates, discover a pristine palm-lined 2-acre property with mature olive and fruit trees,” boasts the listing, which notes a remodeled guesthouse is also on the property. Other amenities on the compound include a pool, spa, volleyball court, three-car garage and a living room with 30-foot ceilings. The kitchen has a “massive island with Caesarstone countertops,” two sinks, an adjacent deck for alfresco dining, an in-kitchen table and window seat — or there’s always the formal dining room.

In terms of entertainment options, there is a full audio system, game room, bar, wine cellar and theater.

Children and pets are welcome inside the beachy compound.
malibu mansion timeshare
The surrounding landscape.
malibu mansion timeshare
An aerial view of the property.
malibu mansion timeshare
A deck adjacent to the eat-in kitchen offers alfresco seating.
malibu mansion timeshare
Owners may only stay at the property for up to 44 nights a year.
malibu mansion timeshare
Amenities include a theater.
malibu mansion timeshare
The property’s pool.
malibu mansion timeshare
The property is “minutes” from Escondido Beach.

The home comes “fully furnished and professionally decorated,” making it ideal for anyone looking to live in paradise at a fraction of the price and without the hassle of moving in — or the pleasure of customizing. The address is accessed via one of two private gates.

The property measures 12,504 square feet. First built in 1992, it is today adorned in a “minimalist style” with plenty of clean lines, white walls, along with furniture and wood accents.

The property is “minutes” from Escondido Beach.

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