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Most Expensive House In California's Malibu Sold For $210 Million

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Most Expensive House In California's Malibu Sold For 0 Million


James Jannard, who founded Oakley in 1975, made a tidy profit on the house. (Representational)

Los Angeles:

It’s a price tag that you’ll probably have to take a second look at: the founder of eyewear maker Oakley just sold his Malibu home for a whopping $210 million.

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The uber-luxury pad — which is a lot of money even by the jaw-dropping standards of Malibu’s expensive real estate — is now the costliest home ever to be sold in California.

The sum tops the mere $200 million that Jay-Z and Beyonce lavished last year on their own Malibu compound.

Eyewear impresario James Jannard, who founded Oakley in 1975, made a tidy profit on the house, having bought it in 2012 for just $75 million, reported the Los Angeles Times, which said it had seen real estate records of the sale.

The identity of the buyer was not clear, the outlet said, with paperwork showing it had been purchased by a Delaware-based limited liability company.

The 15,000-square-foot (1,400-square-metres) sprawls on 9.5 acres (4 hectares) of desirable clifftop, with its own 300-foot stretch of ocean.

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It has eight bedrooms, an unnecessary-sounding 14 bathrooms, a huge courtyard, a gym and two guesthouses.

Malibu, a sought-after beach enclave 45 minutes outside Los Angeles, is a favorite haunt of celebrities and the mega-wealthy.

With the Jannard sale and the Jay-Z/Beyonce purchase, the city now holds the record for the three most expensive homes in California, after venture capitalist Marc Andreessen reportedly paid $177 million for an estate there in 2021.

California is both the richest and most populous state in the United States, with a huge disparity between the haves and the have-nots.

The state suffers from an acute housing shortage that has pushed prices way above the national average.

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In the six counties of the sunny south, the average house now changes hands for almost $900,000 — more than eight times the mean annual income.

 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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Mother, daughter found ‘alive and well’ after going missing on Southern California hiking trail

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Mother, daughter found ‘alive and well’ after going missing on Southern California hiking trail


A mother and daughter who went missing after going for a hike on a difficult trail in San Bernardino County’s San Gorgonio Wilderness have been found “alive and well,” the sheriff’s department announced Friday.

The San Bernardino County Sheriff’s Department told KTLA they were uninjured and “walked out on their own.”

Krystal Meyers, 41, and her daughter Alexis Meyers Martinez, 21, were hiking on the Vivian Creek Trail Thursday but didn’t return, according to the San Bernardino County Sheriff’s Department.

Krystal Meyers (L) and Alexis Meyers Martinez went missing in the San Gorgonio Wilderness on July 3, 2026. (San Bernardino County Sheriff’s Department)

They were last known to be at the 10,300-foot elevation mark above the High Creek switchbacks at 11 a.m., according to the San Gorgonio Search and Rescue team.

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The Vivian Creek Trail is widely considered one of the more strenuous and hazardous routes in the San Gorgonio Wilderness.

The U.S. Forest Service says it’s the shortest and steepest route to the summit of Mount San Gorgonio and requires experienced mountaineering skills.

Officials did not provide any further details about the circumstances surrounding their disappearance.



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California Highway Patrol work to keep drivers safe during holiday weekend enforcement

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California Highway Patrol work to keep drivers safe during holiday weekend enforcement


The California Highway Patrol is urging drivers to stay focused on the road as they head out for Fourth of July celebrations.

The holiday weekend can be a dangerous time on our roads as millions of drivers are expected to travel.

CHP Officer Jorge Toro joined Eyewitness News Mornings to share how drivers can stay safe behind the wheel.

Officer Toro also highlighted the importance of sober driving over the holiday.

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He says anyone hosting a party should make sure all of their guests get home safely, ensuring anyone who may be impaired doesn’t drive.



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California returns stretch of coast to Indigenous tribes. ‘This is beyond huge’

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California returns stretch of coast to Indigenous tribes. ‘This is beyond huge’


California is returning a stretch of rugged Mendocino County coast to the Indigenous nations whose ancestors once stewarded its shores.

State transportation officials recently approved the transfer of Blues Beach and the surrounding bluffs to Kai Poma, a nonprofit founded by representatives of the Sherwood Valley Band of Pomo Indians, Round Valley Indian Tribes and Coyote Valley Band of Pomo Indians.

The transfer of 136 acres just south of the community of Westport will mark the first time land managed by the California Department of Transportation has been returned to Indigenous tribes.

“This is beyond huge,” said J. Carlos Rivera, tribal chairman of the Sherwood Valley Band of Pomo Indians. “It’s enormous from our tribal perspective that we are basically obtaining the land that our people once lived on before colonization.”

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California purchased the swath of rocky cliffs and windswept shoreline in the 1960s to expand the construction of Highway 1 and create a scenic viewpoint for highway travelers, according to a California Coastal Commission report.

More recently, public access has been largely unregulated, and summer weekends and holidays have drawn large groups who camp and party on the beach, at times driving through sensitive areas, damaging cultural sites and leaving behind trash, the report states.

Kai Poma plans to conduct cultural and archaeological resource studies and environmental surveys and then prepare a resource management plan for the property, according to planning documents. The nonprofit and the Coastal Commission have drafted a public access management plan that states the land will be open from sunrise to sunset.

Rivera described the entire property as a sacred site. The coastal waters are used by tribal people for seaweed and abalone gathering, and the shores host youth cultural camps, he said. “Protecting the land, it has a deeper meaning for us because we’re connected to the land,” he said.

The effort to acquire the land took years — and required a change in state law. Caltrans lacked the ability to transfer land to tribal governments until 2021, when Gov. Gavin Newsom signed a bill sponsored by state Sen. Mike McGuire (D-Healdsburg) that enabled the transfer, according to a news release issued at the time. The law also bars commercial activity on the property and requires public access be maintained.

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“With 136 acres now officially transferred into tribal stewardship, one of the most spectacular stretches of the Mendocino Coast will be forever protected,” McGuire said in a statement.

“This agreement, the first of its kind in California, gives these three dynamic Native American tribes the rightful opportunity to reclaim sacred lands and cultural traditions on this special piece of earth. And it’s about damn time.”

The land transfer cleared its last regulatory hurdle June 26 with the approval by the California Transportation Commission, said Neil Thapar, an attorney who works as an advisor and legal consultant to Kai Poma. Caltrans staff will next record the deed transferring the title from the state of California to Kai Poma, which is expected to happen any day, he said.



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