Only in L.A.: A fire- and paparazzi-proofed Malibu house sells for almost $40 million
In Malibu, Calif., a tiny gated community that comes with fire and paparazzi-proofing features has a home in escrow for almost $40 million.
Known as the Case—a nod to the Case Study Houses, experimental, modern homes designed by architects like Richard Neutra—the under-construction development consists of five homes ranging in price from about $40 million to $100 million, according to developer Scott Gillen. Mr. Gillen said the buyer of the almost-$40 million spread is a well-known Malibu resident with a family, and the deal...
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