The 10,698-square-foot home sits on 3.6 acres in the tony enclave's Paradise Cove.
market this year and the most expensive of 2022 in Malibu specifically. The Mediterranean-style property has a movie theater, tennis court and two guesthouses, one of which doubles as a gym and yoga studio. Jade Mills of Coldwell Banker Realty held the listing and Terence Hill of BT Equities repped the buyer, as reported by Allen, a 61-year-old Detroit native, has a bountiful personal real estate portfolio.
Through his media and entertainment company, Allen owns ABC, NBC, CBS and FOX network affiliate broadcast TV stations, as well as 24-hour HD TV networks and various streaming platforms, like The Weather Channel, HBCU Go, Sports.TV. Comedy.TV, Local Now and more.
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