search

The Real Deal Logo

Trending

“Multifamily is in the crosshairs”: Execs talk distress, opportunities at Milken conference“Multifamily is in the crosshairs”: Execs talk distress, opportunities at Milken conferenceHenry Pino’s Alta buying South Miami hotel, plans short-term rental condoHenry Pino’s Alta buying South Miami hotel, plans short-term rental condoGrant Cardone jumps back into reality televisionGrant Cardone jumps back into reality television“You don’t know what the f-ck you are getting”: The new leasing paradigm“You don’t know what the f-ck you are getting”: The new leasing paradigm
Development
Los Angeles

Carbon-neutral Malibu spec mansion hits market at $30M 

Second in series of four eco-friendly luxury homes strives for “Hawaiian estate” vibe

The Zero Two project with Scott Morris (Tanveer Badal, Scott Morris, Getty)
The Zero Two project with Scott Morris (Tanveer Badal, Scott Morris, Getty)

A little more than a year after one carbon-neutral Malibu spec mansion sold for $23 million, the second home in the same developer’s eco-friendly series has hit the market at $29.5 million. 

The newly completed mansion, called Zero Two, is located on a 2-acre lot at 11809 Ellice Street, in western Malibu, and features a 170-foot lanai deck, home theater, tennis court, spa and infinity pool. It also has more ecological features, such as a water vapor fireplace and organic fruit and vegetable garden. 

The concept is for “a lushly landscaped modern Hawaiian estate” that — like the other homes in the developer’s planned four-mansion Marisol series — also sets a new bar for green luxury development. Along with using materials such as sustainably sourced timber and recycled concrete, the homes incorporate elements such as solar and electric power, induction cooktops and high-density cellulose insulation to achieve an overall net zero carbon distinction.  

“It only makes sense, when you think about it,” Richard Morris, the head of Crown Pointe Estates, the firm developing the series, told TRD last year. “If what we’re doing is real, and really provides benefit to the environment, why would anybody considering competitive homes pick anything other than zero carbon?”

Sign Up for the undefined Newsletter

The six-bedroom Zero Two, at 16,500 square feet, is about 2,000 square feet larger than Zero One, which was completed in 2021 and sold last May. 

That sale, at $9 million less than its original asking price, represented perhaps the highest-profile net zero home sale ever. 

“I see this as a huge success,” Scott Morris, a leader of the project’s development team, said at the time. “And I think developers will also recognize that perhaps there’s a reason for them to employ some carbon-zero strategies. And that was our goal.” 

Read more

Tags
Malibu