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The Real Deal Los Angeles

Texan car salesman sells Malibu home for $15.9M

Oceanfront compound last traded hands for $13M
March 21, 2017 12:00PM

11768 Ellice Street (Credit: Partners Trust)

A Texas luxury car dealer just sold his Malibu residence for $15.9 million.

Ron Heller, who operates car showrooms in San Juan, Texas, bought the 7,200-square-foot oceanfront abode for $13 million in 2014, the Los Angeles Business Journal reported.

Meanwhile, he’s building a custom home in the neighborhood, according to his listing agent, Madison Hildebrand of Partners Trust.

Located on Ellice Street, the single-story home sits on one acre and contains five bedrooms, five bathrooms, and two half-baths. It features dual master suites and a 3,200-square-foot courtyard with lounge areas, a wood-burning fireplace, and an infinity pool. The house was built in 2013, according to marketing materials. [LABJ]Cathaleen Chen