Russian Billionaire Couple Buy in Malibu For About $75 Million

And we have an early front-runner in the race for the most expensive home sale of 2013: investment manager Howard Marks (chairman of Oaktree Capital Management) and philanthropist Nancy Marks have just sold their Malibu estate for somewhere around $75 million, reports the Wall Street Journal. (That would put it higher than 2012's biggest sale [$38.98] but lower than 2011's [$85 million]). The nine and a half acre estate "was being quietly shopped for around $125 million but was never formally listed" and comprises "one of the largest pieces of oceanfront property in Malibu, with more than 300 feet of beach frontage." It includes an eight-bedroom, 14-bathroom main house (with design work by Michael Smith); two guesthouses; a gym building; and a pool. The Markses bought the place for $31 million in 2002; the latest owners are said to be a "Russian billionaire couple," of course. Fun fact: the Markses also bought a neighboring property where Brad Pitt and Jennifer Aniston held their wedding reception back in 2000, according to Real Estalker.
· Billionaire Howard Marks Unloads Malibu Estate for About $75 Million [WSJ]