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Los Angeles

Mansion collector buys into Malibu’s Broad Beach for $35M

Miriam Schaeffer, who owns 11 estates in the LA market, nabs “magazine-ready” property

Oren Koules and 31048 Broad Beach Road, Malibu
Oren Koules and 31048 Broad Beach Road, Malibu (Getty, Google Maps)

A Los Angeles real estate maven has bought a newly remodeled Malibu home on Broad Beach for $35 million.

Miriam Schaeffer, who owns 11 multi-million-dollar homes from Hidden Hills to Beverly Hills, bought the 4,300-square-foot property at 31048 Broad Beach Road, Dirt.com reported.

The off-market sellers were TV producer Oren Koules and his wife, Shereen Arazm Koules.

The producer of “Two and a Half Men” and his wife, a former “Top Chef Canada” judge, bought the third-acre beachfront estate in 2018 for $7.8 million, according to public records.

The couple then hired Steven Kent Architects, based in Malibu, to transform the 1970s compound with a main house and a separate guest house over a two-car garage.

The result is “as magazine-ready as any of the posh neighboring properties,” according to Dirt.

Schaeffer, ex-wife of OPI nail polish founder George Schaeffer and a former executive of the firm, owns three other Malibu estates, according to Dirt. 

The gray-trimmed house, with its eaveless gabled roof, has floor-to-ceiling windows looking out onto the Pacific Ocean, with 40 feet of beachside frontage.

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Inside, broad-beamed ceilings hover above blond hardwood floors, with the living room stretching into a kitchen with a long island next to a formal dining area.

There’s an in-ground hot tub on the beachside patio, plus an upstairs master bedroom with a fireplace and glass-walled balcony. An atrium lights up a floating staircase.

Shereen Arazm Koules planned and executed the interior design.

“A new glass-walled guest house wrapped with horizontal wood louvers is perched above a board formed concrete garage at the street,” according to a description by Steven Kent Architects.

Broker Cooper Mount of Carolwood Estates held the listing, while broker Jacob Dadon of Sotheby’s International Realty represented the buyer.

The Koules bought a smaller home on Broad Beach nearby for $14 million. Years ago, they owned a nearly century-old, Mediterranean-style mansion in Hancock Park, later sold to Ozzy and Sharon Osbourne.

— Dana Bartholomew

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Companies and People
Miriam SchaefferOren and Shereen Arazm Koules
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Luxury Real Estate