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alibu's luxury home market is thriving, with recent sales indicating a continued demand for high-end properties in the area. The Eklund Weekly Luxury Report has revealed that last week's top two homes under contract were both located in Malibu, showcasing the city's popularity among affluent buyers.
At the forefront of this trend is the Zero One estate, a carbon-neutral property listed for $26 million. The property, located at 11865 Ellice Street, is represented by Sotheby's International Realty's Jacob Dadon. Records show that the seller is a trust tied to Miriam Schaeffer, a former executive at OPI, a nail products brand founded by her ex-husband George Schaeffer.
Zero One, named for its carbon neutral footprint, was built in 2021 and originally hit the market last year with a $32 million ask. After a series of price reductions and an option to rent, the property is now available for $26 million. The eco-conscious home features six bedrooms, nine bathrooms, a saltwater pool, fruit orchards, vegetable garden, solar panels, and a water filtration system across its 14,429 square feet.
In nearby Malibu Colony Estates, a contemporary home at 23921 Malibu Road came in as last week's second-largest home under contract, listed at just under $17 million. The property, completed last year, is part of the prestigious Malibu Colony Estates and is represented by Coldwell Banker Realty's Jade Mills and Zach Quittman, along with The Beverly Hills Estates' Alexia Assouline. The seller is an LLC tied to Beverly Hills-based real estate firm Standard Oil Investment Group, which is run by Marc Bohbot.
The property boasts six beds and eight baths spanning 7,334 square feet, nestled behind double gates for privacy.
Malibu has seen several high-profile luxury sales this year, including Laurene Powell Jobs' $94 million purchase and Oakley founder Jim Jannard's sale for $210 million - the most expensive home in California history. Across L.A. County, 18 homes went under contract last week, totaling $156 million in volume according to the Eklund Gomes report. This is an increase from the prior week's reporting period, which counted 16 signed deals amounting to $122.4 million in volume.
