Chrome Hearts founders buy Malibu home for $38.5M
The price tag of $38.5 million may seem like a steep one, but Richard and Laurie Lynn Stark only need to sell 154 of their hard-carved dining room tables — at $250,000 each — to afford their new Paradise Cove digs — their seventh estate in Malibu alone.
Spanning 2.8 acres right off the beach, the multi-structural compound sits inside one of Malibu’s most exclusive neighborhoods. It last traded hands for $13 million in 2012, to vitamin peddler Andrew Lessman of the Home Shopping Network.
The 1946-built spread has a total of nine bedrooms, real estate gossip Yolanda Yakketyyak reported.
The Starks’ other homes in Malibu include another three homes in Malibu Colony and one large compound in the Serra Retreat community.
The luxury designer couple own and operate Chrome Hearts, a lifestyle brand that carries gothic silver jewelry, accessories, home goods and furniture. The celebrity-endorsed retailer has nearly 30 brick-and-mortar stores worldwide.
Their new purchase comes at the heels of several other ginormous property sales in Malibu, including Larry Ellison’s 10th home on Carbon Beach, for which he paid $48 million, and Hong Kong billionaire Karen Lo’s new $70 million pad in Serra Retreat. [YLBB] — Cathaleen Chen