Malibu spec home from developer Scott Gillen trades for $61M  

Unvarnished founder Scott Gillen has nabbed the first buyer for his sprawling, five-estate Malibu spec community, called The Case, and is working to close a second. 

The Malibu home, called The Edge, sold for $61 million, according to Zillow, citing MLS information. A second home within the community is currently in escrow, with an asking price of $60 million. 

“Very proud to announce the first closing at The Case,” Gillen said on Instagram. “House three, I have been on this development for about seven years.”

The home, located at 24186 Case Court, first hit the market in 2020 with a listing price of $75 million. 

Sandro Dazzan, Paul Lester, Aileen Comora and Daniel Stevenson of The Agency were the listing agents. Carolwood’s Cooper Mount represented the buyer, who has not been disclosed.  A spokesperson for Carolwood declined comment.

The Edge totals 10,500 square feet with five bedrooms and eight bathrooms. Its listing touted a 75-foot infinity pool, 10,000-square-foot wraparound deck, 500-square-foot terrace attached to the primary suite and a wine room fit for more than 800 bottles. 

The Case community includes estates sized between 9,500 square feet and 12,000 square feet. The homes’ asking prices range from $70 million to $125 million.

The home under escrow is next door, at 24188 Case Court, according to Zillow. TRD reported in October 2022 that that home, the 10,500-square-foot Flat House, had found a buyer and went into contract. Gillen, reached Tuesday, confirmed escrow hasn’t changed on the property, but declined to comment further on specifics around the buyer citing a non-disclosure agreement. 

The deal is the latest in a number of Malibu high-end home sales during the busy month of June. The most recent was the reported sale of Oakley founder Jim Jannard’s estate for $210 million. There was also Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, who nabbed her fourth Malibu estate with the $94 million purchase of a Paradise Cove property.

Among Malibu spec homes, eco-conscious developer Crown Pointe Estates closed in early June on the $28.5 million sale of its net-zero carbon home, part of its Zero Series.

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