The iconic Pacific Coast Highway snakes through all 21 miles of Malibu, effectively dividing the coastal city into two sections. Those homes on the ocean-side of the highway (sandwiched in between PCH and the Pacific) are some of the most expensive in the world, although many sit cheek-to-jowl with their neighbors on the sand, like the proverbial sardines in a can.
Homes over on the land-side of PCH, however, tend to be larger structures on larger lots and still offer significant value for the money, depending on one’s point of view. One of the folks who saw the value, apparently, is LA Clippers professional basketball star DeAndre Jordan. Our Mr. Jordan very recently plunked down a baller $10,000,000 on a lavish land-side Malibu mansion (via blind trust, of course).
The 29-year-old Mr. Jordan — a devout Christian born and raised in Houston (Texas) — stands a towering 6’11” and has played all 9 seasons of his professional basketball career for the Clippers. The NBA All-Star is consistently ranked among the best players in the league, and has made the All-NBA Team three times. He is also an Olympian who took home the gold with the USA team at the 2016 games in Rio de Janeiro.
The 2006-built faux Tuscan villa sits on a private street right across PCH from fiendishly expensive Paradise Cove. A sizable 3.48-acre lot holds an 8,868-square-foot, three-level mansion plus an 890-square foot guest house (a mini replica of the main structure). The entire property is walled and hidden behind elaborate gates and high hedges.
Records indicate the property was built and sold by local jeweler Mike Maralian and his wife Denise.
As y’all might expect of a 2000s mock-Med manse, there are lots of ornate decorative flourishes up in here: coffered ceilings, carved wooden everything, vaulted ceilings with decorative wooden beams, big-ass chandeliers, and a beige stone fireplace.
Though we appreciate the large island and convenient eat-in section, Yolanda thinks the kitchen is a bit too brown. Maybe a different color granite countertop or a staining of the wooden cabinets might help liven it up a bit, eh?
The living and family rooms both sport gorgeous ocean vistas and French doors access to various parts of the “2,000-square-feet of covered verandas”, per the listing.
There are a total of 5 beds and 5.5 baths in the main house, and the master suite has trendy dark hardwood floors, a sitting area, another ornate fireplace, and dual bathrooms and walk-in closets. Three sets of French doors open to the covered balcony, which has slender columns framing vistas of the grassy backyard and clear vistas to the sea.
Other nifty features found in the elevator-equipped mansion include a 12-seat theater with vivid red velour seats, a game room/lounge with a hot pink (or maybe red?) felt pool table, a gym, and a wine cellar.
As for the one-bed/one-bath guest house, it sports a woodsy mini-kitchen and a petite, fireplace-equipped living room.
Clearly this thing was built for entertaining. The sloped backyard has so many lounging/dining/sitting options that Yolanda has already lost track. But we do know that there is at least one firepit, an outdoor living room, and a huge grassy lawn running below the infinity-edged swimming pool.
All in all, this is a very luxurious home with plenty of recreation space on a very large lot. By some measures, Mr. Jordan probably got himself a deal.
Our boy’s new property is surrounded by similarly-sized estates owned by the likes of hedge fund manager Craig Pica, shoe designer Damon Way, and cheesy love song crooner Richard Marx.
Though still in his 20s, this is hardly Mr. Jordan’s first time at the real estate rodeo. Back in 2015, he paid a very serious $12,700,000 for a newly-built spec-mansion on the Pacific Palisades Riviera. Records show he sold the house after just a year of ownership at a million dollar loss (ouch!) to hedge fund manager Curtis Macnguyen.
In 2016, Mr. Jordan paid $5,075,000 for a home tucked into the back of Malibu’s guard-gated Serra Retreat community, where other homeowners include tach bajillionaire Larry Ellison, Vitasoy heiress Karen Lo, haircare billionaire John Paul DeJoria, A-list filmmaker James Cameron, and Linkin Park’s Brad Delson.
On the same day he bought his new $10 million pad — the one we just discussed — Mr. Jordan unloaded his Serra Retreat property for $5,700,000. The buyers, interestingly enough, were Mike & Denise Maralian: the very same folks who just sold Mr. Jordan his big new mansion further up the highway.
Nice little arranged switcheroo.
Listing agent: Chris Cortazzo, Coldwell Banker
Mr. Jordan’s agent: Jordan Cohen, Re/Max Olson & Associates