Hedge Funder’s Oceanfront Malibu Colony Home Tops LA Sales

An estate in the exclusive Malibu Colony took the top spot among Malibu’s single-family sales this year, closing at $26.8 million, according to the latest Los Angeles County tax assessor data, which runs through Aug. 25.

The six-bedroom, five-bathroom oceanfront property at 23736 Malibu Colony Road hit the market in March 2024 for $38.5 million, with a last asking price of $32.5 million before closing on May 2.

This is the latest installment in a feature providing a weekly update on top sales by market segment, based on TRD Data for given periods. You can see the top 10 single-family sales in Malibu in 2025 through Aug. 25 by clicking here.

The Cape Cod-style main house clocks in at 2,600 square feet on a .4-acre lot, per the accessor records website, putting the sale price at $10,160 per square foot. It has three bedrooms on the main floor and the primary bedroom on the second floor.

Built in 1927, the property includes two guest houses — one with a living room, full kitchen, bathroom and two bedrooms, plus a patio area with a sauna and firepit. The other is a large studio suite with kitchenette, living and dining areas — separated by a large lawn as well as an additional structure that could be used as a yoga room, art studio, gym or storage area, according to the Compass listing.

Compass’ Chris Cortazzo marketed the property, which was on the market for 396 days. Kurt Rappaport of Westside Estate Agency and Branden and Rayni Williams of The Beverly Hills Estates represented the buyer, an LLC named Villa Te Amo. None of the agents responded to a request for comment.

The seller was Nachmi LLC, a Delaware entity managed by hedge fund executive Christian Leone, founder and CEO of New York City hedge fund Luxor Capital Group. Leone bought the home in 2013 for $17.4 million, more than $9 million less than the closing price.