A $300 million megamansion in Malibu could soon break the record as the most expensive home in the United States once it hits the market.
The luxury real estate listing will be overseen by agent Kurt Rappaport, who is expected to put the home on the market as a private listing for $300 million, as first reported by Bloomberg. It is unclear what potential perks the homebuyer will land for purchasing the megamansion.
Images of the property have yet to be shared. However, it is believed that the property could have a private ocean frontage, the outlet said.
If it is sold for the asking price, it will be the most expensive home ever sold in the country, breaking a record currently held by Citadel founder Ken Griffin who bought a Manhattan penthouse in 2019 for $238 million.
Currently, the most expensive home on the market is an estate in Naples, Florida, which is seeking $295 million, per its Realtor.com listing.
Rappaport's Real Estate History
If the megamansion is successfully sold for its asking price, it will be the latest in Rappaport's history of brokering record-setting deals. In 2021, he oversaw the sale of a $177 million mansion to Silicon Valley tycoons Marc Andreessen and Laura Arrillaga-Andreessen.
In 2023, Rappaport oversaw the purchase of a $200 million estate in California by music legends Beyonce and Jay-Z. It was the most expensive real estate property sold in the Golden State and one of the priciest deals in the country at the time. This record was later broken by eyeglasses mogul James Jannard's purchase of a Malibu estate for $210 million--a deal also brokered by Rappaport.
Malibu's Megamansions
The $300 million megamansion is the latest in a series of high-priced properties in the Malibu area. Kanye West's Tadao Ando-designed home had recently been sold after it was listed in December 2023 for $39 million. The final selling price was not made public.
Lauren Powell Jobs, the widow of former Apple CEO Steve Jobs, recently bought a 6,300-square-foot Malibu property for $94 million. She had also picked up three adjacent properties, which added up to an estimated $80 million.
