TRD: Malibu’s Butterfly House goes up for sale with $95M asking price
Property currently ranks in the top five priciest listings in LA market
The real estate market’s collective jaw dropped when Gary Winnick’s Bel-Air estate Casa Encantada went on the market for $250 million, placing it in the running for the most expensive listing in America. But Los Angeles saw another listing debut which ranks among the market’s top five priciest homes.
25168 Case Court in Malibu made a debut on the market June 21 at $95 million.
Nicknamed The Butterfly House, the 10,000-square-foot house is based on more than 3 acres. For price, it ranks behind homes currently listed such as 33550 Pacific Coast Highway in Malibu, which has an asking price of $195 million. Also, there’s 869 Tione Road in Bel-Air, which has an ask of $185 million, and 594 South Mapleton Drive in Holmby Hills, which has been listed for $155 million since January.
The Butterfly House is listed by Stephen Shapiro and Kurt Rappaport of Westside Estate Agency. It is the latest home to come on the market as part of The Case, a luxe project of five custom homes helmed by developer Scott Gillen.
Click here to read the full article on therealdeal.com.