Malibu couple is seeking $58M for their mansion, found inside a cliff

The two paid $2M for the land in 2000

Los Angeles /
May.May 15, 2018 11:15 AM
Malibu (Credit: Pixabay, Public Domain Files)

A Malibu home built into a cliffside hit the market seeking $57.5 million.

Located just steps from the Pacific Ocean, the home has four bedrooms and four bathrooms. It’s named “Il Pelicano” for the nearby pelicans that grace the property, the Wall Street Journal reported.

The European influence doesn’t stop at the property name. There’s also stone imported from Italy, antique balustrade from France and custom-designed mosaic tiles from Rome. And a private stairway to the beach.

The sellers, trial attorney lawyer Dale F. Kinsella and Radical Skincare founder Liz Edlich, paid $2 million in 2000 for the small surf shack found on the property, records show. They took seven years building the home.

Its square footage has yet to be determined.

Shirley Sherman of Douglas Elliman shares the listing with her daughter, Brittany Sherman.

If traded close to its asking price, the home would join the growing list of big-ticket sales in the wealthy coastal neighborhood. Most recently, Hard Rock Cafe founder Peter Morton sold his beachfront estate for $110 million to a billionaire couple. That beat Canadian billionaire Daryl Katz’ pricey purchase in the area, where he paid $85 million to acquire broker Kurt Rappaport’s pad. [WSJ] — Natalie Hoberman

 

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