A blufftop mansion in Malibu’s Encinal Bluffs neighborhood was sold for $38.4 million to Andrew Schwartzberg, managing partner of Pennant Housing Group. The sellers were investors Mark Cirlin and Man Li-Yeh who purchased the home from Marta Kauffman and Michael Skloff for $10.7 million in 2017. The property was razed and rebuilt over the years with architect Doug Burdge. The Cape Cod-style residence sits on a 1.7-acre gated parcel with ocean views, a main home with six bedrooms and eight baths, a guesthouse, and various luxury amenities.
The main home features wide-plank oak floors, floor-to-ceiling windows, a spacious great room with a fireplace, built-in cabinetry, and custom French doors leading to a terrace, a gourmet kitchen with top-tier appliances, an office, a formal dining room, and a luxurious upstairs primary suite with ocean views, a balcony, fireplace, dual closets, and spa-like baths. Outside, the property boasts a pool and spa, an open-air pavilion with a fireplace, a sunken fire-pit, an al fresco kitchen with amenities, an attached two-car garage, a motorcourt, and steps leading down to a secluded beach.
In addition to the Malibu property, Schwartzberg and his wife Jaime also own a $16.5 million estate in the Pacific Palisades, with eight bedrooms, 12 baths, and over 10,000 square feet of living space. Schwartzberg is involved in various affordable housing initiatives through his companies, which collectively own more than 25,000 low- and moderate-income rental units. The Malibu property was one of the top five priciest Los Angeles County deals of 2024, showcasing the demand for luxury real estate in the area.
The sale of the Malibu mansion highlights the continued popularity of the Encinal Bluffs neighborhood and the appeal of blufftop properties with ocean views. The collaboration between the sellers and architect Doug Burdge resulted in a stunning Cape Cod-style residence with modern amenities and luxurious finishes. The property offers a serene and private oasis with access to the beach and outdoor entertainment areas, making it an ideal retreat for the Schwartzberg family.
The lush grounds, stunning views, and high-end features of the Malibu mansion make it a desirable investment for the Schwartzbergs, who also own a significant estate in the Pacific Palisades. The property’s elevation and exclusive location add to its allure, providing a sense of tranquility and luxury. The transaction reflects the robust real estate market in Los Angeles County, where luxury properties continue to attract high-net-worth buyers looking for premium amenities and breathtaking surroundings.
