Billionaire Golden State Warriors owner Joe Lacob is letting go of his magnificent Malibu, CA, mansion—but only those with very deep pockets can apply for the eye-watering property, which is on the market for a cool $44 million.
The opulent oceanfront abode was purchased by the Warriors boss (who is worth an estimated $2.1 billion, according to Forbes) in 2019 for $29,100,000. The deal closed for 15% less than the asking price of $34.5 million.
Given his extensive wealth, it should come as no surprise that the billionaire’s property is situated on Carbon Beach, known to many as Billionaires Beach thanks to the spread of megamansions along its shore.
Lacob’s property boasts five bedrooms and 5.5 bathrooms across 5,512 square feet on three levels of living space.
The “entertainer’s dream home” is sleek and modern with a whiff of James Bond-villain vibe, the listing notes. It combines “luxury, design, and technology.”
The modern design combines indoor and outdoor living spaces.
A high-end kitchen with a wine wall is a highlight.
Impressive from the start, the private courtyard entry features a waterfall wall, which opens to ocean views thanks to expansive glass walls and decks.
With a floating glass and wood staircase and an open plan, nothing gets in the way of the water views on all three levels.
The main level features a dramatic Italian slab fireplace, glass wine wall, and Fleetwood glass doors.
Other highlights include a high-end chef’s kitchen with a center island and breakfast counter, a home theater, a lounge area with a glass-enclosed gym, and an elevator.
The second-level primary suite comes with deck access, a luxurious bath, and a walk-in closet.
Bedroom with amazing views
A hot tub on one of the decks
Outdoor kitchen with a fire table and seating
The mansion features direct beach access with two outdoor showers. The third level includes a spectacular deck with a fire table that seats 12, a barbecue island with a kitchen, a lounge area with a fire pit, and a hot tub.
Multimillion-dollar market
The Malibu market has been on fire of late, with massive, multimillion-dollar deals closing, and one listing agent promising that a jaw-dropping $300 million property will be on offer soon.
Just this summer, a $210 million deal closed in the luxe beach town, setting a new record not just for the town but also for the entire state of California. It beat out JAY Z and Beyoncé’s $200 million Malibu deal done just last year.
Billionaire Laurene Powell Jobs also scooped up a Malibu property in June worth $94 million. And more recently, rapper Kanye West’s stripped-down mansion is close to a sale after it was listed for a reduced $39 million.
Lacob is no stranger to making deals as the majority owner of the Golden State Warriors. He led the ownership group that picked up the franchise in 2010 for $410 million.
Since then, the team’s value has grown some 15 times, to approximately $7.7 billion, and the Warriors have won four NBA titles. Prior to realizing his hoop dreams, Lacob worked for the venture capital firm Kleiner Perkins.
