Oakley founder sells most expensive house in California history

The oceanfront home in Malibu recently became the most expensive house to ever be sold in the Golden State.
Home For Sale Real Estate Sign in Front of New House.

The priciest home ever sold in California was recently purchased for $210 million. 

James Jannard, the billionaire founder of Oakley, sold the oceanfront home in Malibu after purchasing it in 2012 for $75 million. 


The big picture: The mansion features eight bedrooms, 14 bathrooms, and underwent a reduction in square footage to align with the owner’s preference for a more restrained design.

  • The buyer of the property remains undisclosed as a Delaware LLC, and the sale was handled by Kurt Rappaport, a real estate agent known for representing high-profile clients such as Larry Ellison, Tom Cruise and LeBron James.
  • The previous record for the most expensive home sold in California was held by Beyonce and Jay-Z when they purchased a Malibu mansion for $200 million in 2023.
  • Other notable real estate records in California include homes purchased by Amazon founder Jeff Bezos for $165 million in 2020 and by Lachlan Murdoch for $150 million in 2019.
  • Malibu remains a sought-after location for luxury real estate, attracting a mix of celebrities and affluent individuals, including Bay Area tech elites.
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