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

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
Mindy Kaling and her new oceanfront home in Malibu (Credit: Mike Helfrich and MindyAsst/Wikipedia)

Mindy’s latest project: Actress buys Sinatra’s Malibu pad for $10M

Scott Gillen Lists Malibu Spec Mansion For $100 million

Another day, another $100M listing in Malibu

Billionaire David Saperstein lists Malibu home (Credit: Alfred Yson/Sotheby's International Realty via The Wall Street Journal)

Metro Networks founder Saperstein lists Malibu home for $115M

Shaun White is selling his Malibu properties.

Shaun White is freeriding out of Malibu

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

arrow_forward_ios
Loading...