Billionaire Jay Paul buys Malibu spread for $13.3 million

Published: May 26, 2022 | By: American Luxury Staff

With summer in mind, West Coast real estate developer Jay Paul shelled out $13.325 million for a four-bed, five-bathroom property in Malibu this spring. The property closed the second week of April; according to public records, it had been on the market for about four months when it changed hands.

The estate is more or less a hilltop compound, with a series of structures arranged around a central courtyard. The property, which measures 4.29 acres, is accessed via a set of Japanese-inspired gates resembling a pair of shoji screens; the lanterns crowning the pilasters of the portal enhance the oriental vanity, repeated at the entrance to the residence itself, and in the design of the garage doors.

The house is wonderfully unpretentious in style; the laid-back, literate atmosphere is borrowed from Mediterranean tastes and complemented by a series of shriveled olive trees in the courtyard, an element of Maureen Barnes’ landscape vision. Skylights, retractable glass walls, rattan blinds, French doors, clerestory windows and semi-vaulted ceilings contribute to the whole.

The property’s amenities list includes a large owner’s suite with sauna and access to a private outdoor living area and shower. A swimming pool and guest house complete the list of outdoor amenities, while sweeping views of the coastal landscape provide a splendid backdrop and put the finishing touches on a turnkey lifestyle.

Paul’s net worth is around $3 billion.

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