Microsoft Corp. co-founder Paul Allen has bought a contemporary oceanfront home in Malibu, Calif., through a corporation, for more than $25 million.
The modular, white stucco-and-glass house is on Carbon Beach, the "Billionaire's Beach" where Hollywood moguls David Geffen and Jeffrey Katzenberg are owners. The roughly 5,800-square-foot home, listed for $29.5 million, has five bedrooms, a deck with a pool, a gym and a screening room, according to the listing.
Mr. Allen, who started Microsoft in 1975 with his childhood friend Bill Gates, owns the NFL's Seattle Seahawks and the NBA's Portland Trail Blazers, three yachts and significant real-estate holdings in Seattle. A spokesman for Mr. Allen said he has given away more than $1 billion and declined to comment on the house. Cathy Bindley of Sotheby's International Realty represented Mr. Allen. Stephen Shapiro of Westside Estate Agency, who declined to comment, represented the seller, Charles Perez, an apparel executive.
Kennedy Listing
Victoria Reggie Kennedy, the widow of Sen. Edward M. Kennedy, formally put their Washington home on the market last week for just under $8 million, after quietly shopping it around.
The couple paid $2.78 million for the home in 1998. "It's full of light, and there are a lot of fireplaces, which I love," Sen. Kennedy told Architectural Digest in 1999. The Massachusetts Democrat, who spent 47 years in the U.S. Senate, died in August at age 77 after battling brain cancer.
The six-bedroom, Colonial-style home is in Kalorama in the city's northwest section. The 8,900-square-foot home has a dining room that seats up to 50, a library, an office with a fireplace and an indoor exercise pool. All six bedrooms have en-suite baths and walk-in closets; the master suite also has a study and balconies looking over the home's gardens. The home has a sunroom, terraces and a wine cellar. Jean and Timothy Hanan of TTR Sotheby's International Realty share the listing.
Bayfront, $27 Million
A bayfront mansion in Newport Beach, Calif., listed in 2008 at $38 million, has sold for $27 million, according to court records.
The 10-bedroom home is on Harbor Island, where Pimco's Bill Gross last year paid $23 million for a house, then tore it down. The seller in the recent transaction was DAKS, a limited-liability company majority-owned by apparel executive Arnold Simon, which paid $14 million in 2001 for the home. The 12,600-square-foot house has a subterranean garage for eight cars and more than 300 feet of bay frontage.
Listing agent Rob Giem of Christie's Great Estates affiliate HOM Group, who shared the listing with Vicki Lee of the same firm, says a Colorado couple in advertising bought the home through a trust. Mr. Giem and Kim Bibb, also of HOM Group, represented the buyer.
—Email us at privateproperties@wsj.com
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