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
    The Beverly Hills spec mansion that Ekkehart Hassels-Weiler bought in 2019. The property is full of structural defects that Hassels-Weilers alleges developers Ian Livingstone and Max Fowles-Pazdro concealed (Luca Lanzetta Group)
    Mansion buyer beware: $43M spec home a “catastrophic failure,” suit alleges
    Mansion buyer beware: $43M spec home a “catastrophic failure,” suit alleges
    Chrissy Teigen and John Legend with the property (Getty, Douglas Elliman)
    John Legend and Chrissy Teigen wave bye to Beverly Hills mansion
    John Legend and Chrissy Teigen wave bye to Beverly Hills mansion
    Sue Gross and an aerial of the home at 960 N. Alpine Drive (UCI, Google Maps)
    Beverly Hills home Ellen DeGeneres sold for $35M is back on market
    Beverly Hills home Ellen DeGeneres sold for $35M is back on market
    Fredrik Eklund and the property (Getty, Steve Frankel)
    Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
    Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
    Los Angeles housing market reaches new heights (Getty)
    Los Angeles home prices, sales soar to new records in Q2
    Los Angeles home prices, sales soar to new records in Q2
    The current Brooklyn Net sold his Malibu home in 2019 (Getty, Hidden Hills)
    Kevin Durant returns with $16M Hidden Hills mansion buy
    Kevin Durant returns with $16M Hidden Hills mansion buy
    Tianqiao Chen with the San Marino estate (Compass, WikiMedia / Comms88)
    Buyer revealed: USC mansion sold to Chinese billionaire
    Buyer revealed: USC mansion sold to Chinese billionaire
    Mohamed Hadid and 901 Strada Vecchia Road (Getty, Redfin)
    Buyer walks away from Hadid’s spaceship spec mansion
    Buyer walks away from Hadid’s spaceship spec mansion
    arrow_forward_ios

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

    Loading...