Cindy Crawford and Rande Gerber sells Malibu compound for $45 million
Supermodel Cindy Crawford and her husband, businessman Rande Gerber, have sold their renovated compound in Malibu’s Encinal Bluffs area for $45 million, records show.
The couple bought the three-plus acre estate and an adjacent parcel of about 2.75 acres in 2015 for a total of $50.5 million. The neighboring property was not included in the sale, which closed earlier this week.
For the record:
3:35 p.m. June 13, 2018A previous version of this story said Crawford and Gerber paid $50.5 million for the Malibu compound. The couple paid $50.5 million for the property and an additional parcel of nearly three acres, which was not included in the sale.
Set behind walls and gates, the blufftop residence features 5,300 square feet of living space, four bedrooms and 5.5 bathrooms. Interior details include custom built-ins, natural materials and white walls that make for a casual beach aesthetic. Walls of windows and pocketing doors are centered toward the ocean.
Wrap-around decking and terraces create additional living space outdoors. The scenic property also includes a tennis court and a swimming pool. At the edge of the property is a pathway that leads to the beach below.
Crawford, 52, took to modeling in her teenage years and has appeared on hundreds of magazine covers.
Gerber, 56, is a former model and a nightlife industry businessman. He co-founded the tequila brand Casamigos with actor George Clooney.
The couple originally put the compound up for sale in 2016 for $60 million before dropping the price last year by $10 million. They own other property in Los Angeles, including a Beverly Hills home they bought last year from OneRepublic frontman Ryan Tedder.
Christopher Cortazzo of Coldwell Banker Residential Brokerage and Kurt Rappaport of Westside Estate Agency were the listing agents. Jade Mills, also of Coldwell Banker, represented the buyer.
Twitter: @LATHotProperty
