Canyon retreat

Location: 3270 Serra Road, Malibu 90265

Asking price: $12.95 million

Previous structure sold for: $3.2 million in 2004

Size: Six bedrooms, five bathrooms and two half-baths in about 7,000 square feet

Lot size: About 2.6 acres

Additional features: Alarm system, SubZero refrigerator, Wolf dishwasher, Wolf double convection oven, aged French oak flooring, fire pit

Around the neighborhood: Through the first half of the year, 83 single-family homes sold in the 90265 ZIP Code at a median price of $2.14 million, according to MDA DataQuick. That was a 5.5% price decrease from the first half of 2009.

Listing agents: Matt Rapf, Pritchett-Rapf & Associates, Malibu, (310) 457-4435, and Kurt Rappaport, Westside Estate Agency, Beverly Hills, (310) 860-8889