Exceptional beachfront villa sold in Malibu, California

Online, May 15, 2010 (Newswire.com) - • Previous owner was Robert Redford, neighbours include Pierce Brosnan
• First property sale in Broad Beach for more than 18 months

California/Santa Monica, 28 April 2010. A spectacular beachfront property in Broad
Beach in Malibu, CA, has changed ownership. Affording breathtaking views overlooking the Pacific Ocean, this outstanding villa was home to the Hollywood legend Robert Red- ford. Built in 1948, the two-story property has an interior of some 500 sqm comprising five bedrooms and five bathrooms in total. It is situated in grounds spanning around 1,200 sqm, directly by the beach in Malibu. The estate was sold for a total purchase price of 11.7 mil- lion US dollars. The new owners, a Californian family who spent the past years living in Arizona and were specifically looking to find a home in Malibu, are now close neighbours in their new property with Hollywood star Pierce Brosnan. This sale marks the first property transaction in Broad Beach since September 2008 and was realised in just 77 days exclusively through Engel & Völkers Santa Monica.

The coastline in Malibu is one of the most exclusive residential locations in the Greater Los Angeles Area. Many high-profile personalities from the worlds of film, sport and finance have set up home and enjoy the typical Californian way of life here. Just some of the famous residents in the neighbourhood include Barbra Streisand, Mel Gibson, Demi Moore and Cher.

For further information please contact:

ENGEL & VÃ-LKERS
Mathias Bode
CEO/President EV CALIFORNIA
1900 Avenue of the Stars / Suite 2460
Los Angeles, CA 90067
Phone +1 310-277-5410
[email protected]
link: www.engelvoelkers.com/california