Raze Barbie’s $25M Dream House: Jonathan Miller

Appraiser Jonathan Miller says that Barbie’s Malibu Dream House, which Trulia listed last week for $25 million as part of a Mattel marketing campaign, should be bulldozed, the New York Observer reported (presumably with tongue firmly in cheek). “I can’t imagine someone spending the $25 million on this,” Miller told the Observer, trying to make sense of the listing for the plastic house, which boasts “voluminous 119-centimeter ceilings,” a pink elevator and a rooftop hot tub.

It would be better for the investor to demolish the three-story structure and develop a beach-front property suited for real people — not Barbie and Ken, he added.

“It’s the first time in 41 years that Barbie put her dream house on the market,” a Trulia spokesperson told the Observer. “She’s been a homeowner for four decades and she decided she is ready to make a change in her life.”

The home doesn’t actually exist, the spokesperson confirmed, and the listing is part of a move by Mattel to introduce a new version of the Dream House. [NYO] —Zachary Kussin