One other ultra-luxury Malibu residence has hit the market, this one for $35 million, greater than twice what the proprietor paid.
Information present the proprietor is Tom Villante, head of YapStone, a cellular cost processing agency for property managers and trip rental platforms.
Designed by architect Doug Burdge and known as Casa di Pietro, the beachside house is 5,300 sq. ft and contains 2.75 acres. It final bought for $14.7 million in 2013.
Chris Cortazzo of Compass holds the itemizing.
The property hits the market at a time when Los Angeles space brokers have begun showing homes again following a latest enjoyable of coronavirus-related security protocols.
A Tadao Ando-designed home in Malibu hit the market two weeks in the past for $75 million, and one other close by property listed earlier this week for $42 million.
Villante based Walnut Creek-based YapStone in 1999, so named for forex stones used on the island of Yap in Micronesia. A few of its shoppers have included rental platforms like HomeAway, RentPath, and VRBO. Crunchbase reported the corporate had a complete of $186 million in enterprise capital funding, together with a $71 million spherical in 2018. In August, YapStone laid off 66 workers.
Messages left with Villante weren’t returned.
— to therealdeal.com