The 2.6-acre oceanside compound at 27930 Pacific Coast Highway is lavish enough to have earned its own moniker — Mar de Amor, the Spanish phrase for ‘sea of love.’
Asking $115 million, the 12-bedroom, 14-bathroom Malibu estate is owned by billionaire David Saperstein, the founder of Metro Networks. The 10,646-square-foot home showcases a modern aesthetic with clean lines, expansive window walls and a spiral staircase.
The gated entry leads to a long driveway with custom-built treehouses on one side and a hard-surface tennis court on the other. A marble walkway that floats atop a water feature marks the primary entrance — a dramatic, double-height space with an 18-foot crystal chandelier, floor-to-ceiling windows, gleaming marble floors and a rotunda skylight.
A curved staircase with etched glass railings connects three floors of living space. Primed for entertaining, the open-concept lower level features a marble-clad bar, billiards table, and areas for dining and lounging.
The chef’s kitchen is outfitted with commercial-grade appliances, steel cabinetry and a generous island. The formal dining room is anchored by a twinkling chandelier, while the living room provides sweeping views of the Pacific Ocean.
Encompassed by windows, the primary suite offers enough space for a California king, a sitting area and a breakfast table. There are dual walk-in closets for housing all of your designer wares and a spa-like ensuite complete with a copper clawfoot bathtub and a steam shower.
The home boasts a true indoor/outdoor feel with numerous patios, decks, gardens and catwalks. A triangular-shaped infinity pool seems to disappear into the horizon, providing a heated alternative to the ocean’s colder waters. The large private beach has been staged with striped cabanas and lounge furniture for relaxing the day away by the water.
Other onsite amenities include a 20-seat movie theater, private elevator, guest suite, eight-car garage and a well-equipped gym. The home is protected by a 40-camera security system and a backup generator, and its automation system extends all the way to the beach.
The listing for 27930 Pacific Coast Highway is held by Drew Mandile of the Mandile Knapp Team at Sotheby’s International Realty. This is the second time in 15 months that Saperstein has attempted to offload the waterfront property.
If it fetches $115 million, Mar de Amor will rank among the top ten most expensive homes ever sold in California. The state’s current highest-priced listing belongs to the Green Gables Estate, a $135 million compound in the Bay Area that includes seven homes across 74 acres.
