Big Ticket scores big sale on unfinished Malibu estate

NBA Hall of Famer Kevin Garnett first listed his 7-acre property for $20M

Los Angeles /
Jul.July 07, 2021 10:00 AM
Kevin Garnett and the 7-acre property (Photos via Getty, Hilton & Hyland)
Kevin Garnett and the 7-acre property (Photos via Getty, Hilton & Hyland)

As Kevin Garnett said following the Boston Celtics’ 2008 NBA Finals victory, anything is possible. But the process of trying to sell his sprawling Malibu mansion has not been a layup.

Finally, though, the recent Hall of Fame inductee scored a sale by unloading the unfinished estate for $16 million, according to the Los Angeles Times.

Garnett listed the property in 2018 for $19.9 million then pulled the listing in fall 2019. He relisted it in May 2020, when home showings opened back up after the pandemic lockdowns.

Garnett bought the 7-acre property in 2003 for $6.4 million. By 2013, he had demolished a six-bedroom home there and started work on an 11,000-square-foot mansion. The property sits across from Pacific Coast Highway, with views of the ocean.

The mansion was said to be a year away from completion when it listed in 2018, two years after Garnett retired. Work continued on the property after it hit the market. Last year, a contractor sued Garnett claiming $173,000 in unpaid work.

The most recent listing from Hilton & Hyland’s Eric Hassan and Barbara Tenenbaum pitched it as an opportunity to “complete with style and finishes of your choosing or create your own dream compound.”

The unfinished home sits at the end of a gated drive off PCH. An expansive lawn stretches out at the rear of the home toward the ocean and includes a large pool.

The property is practically across the street from a beachfront estate that WhatsApp co-founder Jan Koum bought for $87 million in February, so far the priciest deal in L.A. County in 2021.

[LAT] — Dennis Lynch





    Related Articles

    arrow_forward_ios
    Mark Burnett & Roma Downey with 23422 Malibu Colony Road in Malibu (Zillow, Getty)
    Mark Burnett, Roma Downey seek to sell Malibu home
    Mark Burnett, Roma Downey seek to sell Malibu home
    Ben Affleck and 1172 Napoli Drive in Pacific Palisades (Getty Images, Redfin)
    Ben Affleck lists Pacific Palisades mansion for $30M
    Ben Affleck lists Pacific Palisades mansion for $30M
    Michael Weinstock with 23754 Malibu Road
    Beach house in Malibu’s Colony lists at $34.5M
    Beach house in Malibu’s Colony lists at $34.5M
    Howard Leight Jr. and Malibu Rocky Oaks (Zillow, Instagram, Getty)
    Malibu winery featured on “Kardashians” asks $50M
    Malibu winery featured on “Kardashians” asks $50M
    Jeffree Star and the home at 25220 Walker Road (Compass, Instagram via @jeffreestar, Getty)
    Cosmetics guru Jeffree Star relocates to Wyoming after selling Hidden Hills estate
    Cosmetics guru Jeffree Star relocates to Wyoming after selling Hidden Hills estate
    Former owner Luanne Wells and the property at 31284 Broad Beach Road in Malibu (Obituary.com, Compass, Getty)
    Malibu home sells for $20M, then goes up for rent
    Malibu home sells for $20M, then goes up for rent
    Sarah Siegel-Magness and Cancha de Estrellas at 200 Lambert Road (Getty, Compass)
    Carpinteria polo fields for sale at $50M
    Carpinteria polo fields for sale at $50M
    500-512 Perugia Way  and Sean Rad (Getty, Zillow)
    Yvette Mimieux dual estate sells to Tinder co-founder for $35M
    Yvette Mimieux dual estate sells to Tinder co-founder for $35M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...