Designer Betsey Johnson picks up 2 acres in Malibu

Los Angeles /
Mar.March 14, 2016 03:15 PM

From the New York website: Free-spirited fashion designer Betsey Johnson just bought nearly 2 acres of land in Malibu, where she plans to build a Hamptons-style saltbox home.

Johnson picked up the land for $2.9 million, according to the New York Post. Listing agent Terry Lucoff told the Post that the sellers originally had plans for a 6,200-square-foot Mediterranean-style mansion on the land, but later had the blueprints changed to a saltbox-style residence.

Lucoff described the sale to Johnson was “quiet, but not confidential.”

“The piece of property and the location is so exceptional, that before the property was even listed or in the MLS, it had two offers at asking price within five days,” Lucoff added. “The buyer loved the new plans and said she would continue with the home as the seller designed.”

The build-out projection for the new home is somewhere around $6 million to $6.5 million. [NYP]Christopher Cameron


Related Articles

arrow_forward_ios
Harry Gesner (inset) and Ravenseye, one of the homes he designed. (File Photo and Getty)
Iconic Los Angeles-area architect Herry Gesner dies at 97
Iconic Los Angeles-area architect Herry Gesner dies at 97
Emma Stone's Malibu home. (Neue Focus/Sotheby's International Realty)
Emma Stone sells Malibu home after just one week on market
Emma Stone sells Malibu home after just one week on market
John McEnroe and 23712 Malibu Colony Road (Getty, Zillow)
John McEnroe aces sale of Malibu beachfront cottage
John McEnroe aces sale of Malibu beachfront cottage
Weintraub photographed at The Samuel Freeman House in Los Angeles (Photos by Kevin Scanlon)
Is Richard Weintraub L.A.’s Most Versatile Developer?
Is Richard Weintraub L.A.’s Most Versatile Developer?
Windsor Healthcare Management's Lee C. Samson and 22446 Pacific Coast Highway, Malibu (Zillow, iStock, NCSY)
Nursing home mogul lists Malibu manse for $69M
Nursing home mogul lists Malibu manse for $69M
Robert Rivani and 22102 Pacific Coast Highway (LinkedIn, Redfin, iStock)
Rivani’s Black Lion hits Billionaire’s Beach
Rivani’s Black Lion hits Billionaire’s Beach
5012 Carbon Beach Terrace (Zillow, iStock)
Malibu spec mansion gets $7.5M price chop
Malibu spec mansion gets $7.5M price chop
23826 Malibu Road (Redfin)
Luxe test case as Malibu listing returns to market with 21 percent hike
Luxe test case as Malibu listing returns to market with 21 percent hike
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...