Frank Gehry’s singular Malibu beach bunker, the Borman House, has finally found a buyer.
Built in 1989 for insurance executive Burton Borman, the 11,413 square-foot Broad Beach residence appeared on the market in 2013 with an ambitious asking price of $57.5 million.
Now, The Real Deal reports the house has sold for $24.15 million to MGA Entertainment founder and CEO Isaac Larian. The executive behind the popular Bratz dolls, Lalarian swooped in to buy the home after it returned to market last year in a court-ordered partition sale.
That looks like quite a deal, given that Microsoft co-founder Paul Allen reportedly backed out of buying the house in 2015, when it was available off-market for nearly $50 million.
In addition to its distinctive, playful architecture, the six-bedroom home offers direct beach access, multiple balconies and fire places, and amenities like a pool and tennis court. Situated on a 1.6-acre lot, the property also includes a green, rolling lawn and 160 feet of beachfront. Not too bad for under $25 million.
Kurt Rappaport of Westside Estate Agency handled the sale.
- Bratz toy mogul scoops up Gehry’s Borman house for $24M [The Real Deal]
- Frank Gehry’s Borman House is Back on the Market [Curbed LA]
- Frank Gehry's Broad Beach Borman Residence Asking $57.5MM [Curbed LA]