Richard Saghian: A Prominent Figure in Ultra-Luxury Real Estate
Richard Saghian, the founder and CEO of the fashion powerhouse Fashion Nova, has been a significant player in the Southern California real estate market for numerous years. Known primarily for his investments in ultra-luxury real estate, Saghian made headlines in 2022 when he acquired the One mega-mansion in Bel Air for a staggering $141 million at auction. This acquisition was not a standalone event; within a year, he further expanded his portfolio by purchasing an oceanfront mansion in Malibu, reportedly shelling out $40 million in cash for a larger property on the opulent Carbon Beach. Following this trend of lavish investments, he has recently listed his original Malibu home on the rental market for an astonishing $59,000 per month.
Malibu Rental Property Overview
The Malibu residence available for rent boasts four spacious bedrooms and an equal number of bathrooms, encompassing nearly 3,800 square feet of fully furnished living space spread across two levels. This property offers ample room designed for relaxation and entertainment, appealing to affluent individuals seeking luxurious accommodations. Saghian purchased this prime beachfront location in the spring of 2021 for just over $14.7 million in cash from Ted Sarandos, co-CEO of Netflix, and his spouse Nicole Avant. It is notable that the Sarandos-Avant couple acquired the property from actor David Spade, who sold it for $4.5 million more than he initially purchased it.
Architectural Features and Amenities
The property, originally built in 1996, has undergone significant renovations during Spade’s ownership, melding Mediterranean influences with modern luxuries. Visitors are greeted with a picturesque entrance that leads to a brick courtyard featuring a striking stone statue fountain and vibrant bougainvillea blossoms. The property includes luxurious amenities such as a dark-bottomed plunge pool and cabanas complete with a seated bar, providing an ideal setting for entertaining or unwinding.
Interior Highlights
Inside the residence, the main level showcases a combined living and dining area enriched by a fireplace, which sets a warm and inviting ambiance. A staircase leads up to a cozy family room, while the adjacent kitchen features top-of-the-line Viking appliances and a breakfast bar. Natural light floods the open areas through multiple arched glass French doors, creating a seamless flow between indoor and outdoor spaces, which connects the home to its expansive waterfront deck.
Exclusive Living Experience
Upstairs, the primary suite epitomizes luxury with a fireplace, balcony, separate den or office, and a spa-like bath equipped with a grand oval soaking tub, designed to evoke a sense of tranquility. The main level and upstairs features combined also include a skylit staircase which beautifully illuminates the living space. The entire layout is thoughtfully designed to provide an exclusive living experience tailored to both relaxation and socializing.
Rental Terms and Additional Information
In addition to the rental price, a significant one-time security deposit of $118,000 is required for prospective tenants. The listing is being managed by Branden Williams and Raini Williams of Beverly Hills Estates and Stuart Beterick of Westside Estate Agency. This premium rental opportunity not only provides a lavish living space but also situates its residents in one of the most desirable locations along the California coast.
Conclusion
Richard Saghian’s foray into the realm of ultra-luxury real estate continues to draw attention, particularly with his recent rental listing in Malibu. The blend of elegant architecture, high-end amenities, and a prime beachfront location renders this property particularly appealing to affluent clients. As he continues to expand his real estate portfolio, Saghian’s ventures highlight both the lucrative nature of high-end real estate investments and the allure of exclusive Californian living.
FAQs
What is the monthly rental price for Richard Saghian’s Malibu home?
The Malibu residence is listed at a monthly rental cost of $59,000.
How many bedrooms and bathrooms does the Malibu rental property have?
The property includes four bedrooms and four bathrooms.
Who was the previous owner of the Malibu property?
The property was previously owned by Netflix co-CEO Ted Sarandos and his wife Nicole Avant, who purchased it from actor David Spade.
What amenities can tenants expect at the Malibu rental?
Amenities include a dark-bottomed plunge pool, cabanas, a two-car garage, and high-end interior features such as Viking appliances in the kitchen, a fireplace, and a spa-like primary suite bath.
What is the required security deposit for renting the property?
A one-time security deposit of $118,000 is required for prospective tenants of the Malibu home.
Introduction
In the realm of celebrity real estate, few transactions garner as much attention as the buying and selling of luxurious homes. One such property that is currently attracting interest is the former Malibu residence of comedian and actor David Spade. This stunning beachfront property is not only a testament to Spade’s prior lifestyle but also a luxurious sanctuary available for rent. Its blend of elegance, modern amenities, and prime location makes it a desirable choice for those looking to experience the quintessential California lifestyle.
Property Overview
David Spade’s former Malibu house features an open-floor concept, effortlessly blending indoor and outdoor spaces. The architectural design emphasizes spaciousness, highlighted by expansive windows that allow natural light to flood the interiors. The property boasts multiple bedrooms and bathrooms, accommodating both relaxation and entertainment with ease. Notably, the home includes high-end finishes and appliances that cater to the demands of modern living, from gourmet kitchens to stylish living areas that invite social gatherings.
Location and Environment
Situated in the picturesque Malibu neighborhood, this property benefits from proximity to stunning beaches and scenic coastal views. The area is renowned for its celebrity homes and tranquil atmosphere, making it a sought-after destination for many. Residents can indulge in a relaxed lifestyle, enjoying the serene environment while being close to vibrant shopping districts and gourmet dining options. The iconic Pacific Coast Highway runs nearby, offering convenient access to various attractions along the coast.
Unique Features
One of the most captivating aspects of the property is its outdoor space. The former home of David Spade features a beautifully landscaped yard complete with a swimming pool, patio, and outdoor dining area. This outdoor oasis serves as an ideal venue for hosting gatherings or simply relaxing under the sun. Additionally, the property includes direct beach access, allowing residents to fully enjoy the coastal lifestyle that Malibu has to offer.
Rental Details
The rental market in Malibu is highly competitive, particularly for properties with a rich celebrity history. David Spade’s house stands out, not only for its luxurious amenities but also for the chance to live in a space once inhabited by a well-known figure. Potential renters should be prepared for rental terms that reflect the high demand in this prestigious location. Interested parties would do well to act quickly, as properties of this caliber often do not stay on the market for long.
Impact of Celebrity Ownership on Real Estate
The involvement of celebrities in real estate holds significant influence over buyer interest and property values. Homes that previously belonged to famous individuals tend to attract attention, whether for their architectural features or their unique stories. With David Spade’s legacy, potential renters may find added allure in the prospect of living in a former high-profile dwelling. This phenomenon highlights the intersection of celebrity culture and real estate trends, making such properties both fascinating and potentially profitable for landlords.
Conclusion
David Spade’s former house in Malibu stands as a symbol of luxury and lifestyle, seamlessly merging comfort with high-end living. With its prime location, exquisite design, and unique features that cater to a luxurious coastal living experience, the property presents an exceptional opportunity for potential renters. As interest in celebrity properties continues to grow, this Malibu gem is likely to attract various prospective tenants eager to enjoy a slice of California’s elite lifestyle.
FAQs
1. What is the rental price for David Spade’s former Malibu house?
The rental price can vary based on market conditions and demand. Interested individuals should reach out to real estate agencies for the most current pricing information.
2. How many bedrooms and bathrooms does the property have?
The home typically features multiple bedrooms and bathrooms, but for the exact details, potential renters should consult the specific listing.
3. Is the property pet-friendly?
Pet policies vary by rental agreements. It is advisable for interested renters to inquire directly regarding pet allowances when contacting property managers.
4. Can I schedule a tour of the property?
Yes, many real estate listings offer tours either virtually or in person. Prospective renters should coordinate with the listing agent to schedule viewings.
5. What amenities are included in the rental?
The property likely includes high-end appliances, a swimming pool, and outdoor living spaces. Specific amenities can be confirmed with the property manager.
