A Modern Mansion on Malibu’s Tony Beachfront Lists for $115 Million

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A Modern Mansion on Malibu’s Tony Beachfront Lists for $115 Million
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In Malibu, $115 million will get you beach access, coastline views and neighbors like Stan Kroenke and Ann Walton

In a tony section of Malibu, a modern home owned by Metro Networks founder David Saperstein is coming on the market for $115 million. If it traded for that price, the home would be among the most expensive ever sold in the Los Angeles area.

In Paradise Cove, the 2.6-acre property is on a strip of beachfront estates, many of which are owned by celebrities and prominent executives. Next to the home on one side is a house owned by billionaire sports team owner Stan Kroenke and his wife, Walmart heiress Ann Walton Kroenke, records...

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