Denim kingpin relists Malibu home at $5M discount

Peter Koral first put beachside property on the market for $25M in 2015

TRD LOS ANGELES /
Mar.March 15, 2017 11:00 AM
Broad Beach Road home (MLS)

The co-founder of premier denim brand 7 For All Mankind has slashed $5 million off the price of his Malibu pad.

Peter Koral, who sold the brand to VF Corp. for in 2007 for $775 million, relisted the 4,974-square-foot home this week for $19.9 million, or $4,019 a square foot. That’s down from its original $25 million asking price.

The Cape Cod-style house on Broad Beach Road features six bedrooms, seven bathrooms and a family room that opens out to an infinity pool and spa. The property has about 60 feet of ocean frontage with ocean views from almost every room.

Koral purchased the unfinished home in 2008 for $13 million and put his own finishing touches on it, according to the Wall Street Journal. He listed it for $25 million in 2015, but later dropped the price by $1 million when it didn’t move.

The house was finally taken off the market in December 2016.


Related Articles

arrow_forward_ios
Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

Candy Spelling and her home on 21500 block of Pacific Coast Highway (Credit: Getty Images, Redfin)

Spelling is a-selling: Candy Spelling lists Malibu estate after former home breaks record

The five priciest listings in L.A. County last week

Here are the 5 priciest residential listings in LA County last week

Jan Koum, Ron Meyer and the Malibu house (Credit: Getty Images, Westside Estate Agency, iStock)

Malibu mansion’s $100M sale continues LA’s hot summer of luxury real estate deals

Vadim Shulman and his house on Pacific Coast Highway (Credit: World Jewish Congress, Zillow)

Ukrainian tycoon lists Malibu mansion for nearly twice what he paid

Move over Mountain of Beverly Hills, Scott Gillen is listing “The Malibu Series” for $500M

Michael Landon and the home in Malibu (Credit: Getty Images)

Widow of TV star Michael Landon scores big profit on Malibu home

arrow_forward_ios