Advertisement
Hot Property

In Malibu, developer Scott Gillen brings 13-home portfolio to market for combined $500 million

Image_2.jpg
The group includes a quintet of Midcentury mansions, a Malibu Road beach house and an estate called New Castle listed for $75 million.
(Unvarnished)

Scott Gillen has been busy in Malibu. The high-profile developer just unveiled a portfolio of 13 architectural homes scattered across the city’s coastline dubbed “The Malibu Series.” The combined asking price for the batch: $500 million.

The ultra-luxury estates vary wildly in size, style, price and state of completion, with some still under construction and others ready for a tenant today. They’re all built — or being built ­— by his development firm Unvarnished.

The group’s headliner is a rebrand. A modern mansion built on the ashes of a faux 1970s Scottish castle, it was first brought to market two years ago for $85 million. It’s now called New Castle, and Gillen has priced it at $75 million.

Advertisement

In addition to panoramic views from its promontory perch, the eye-catching home features a glass-enclosed great room, a Bulthaup kitchen, custom Minotti beds, hand-hewn wood accents, 80-year-old oak floors, a 450-bottle wine cellar and a cigar room. Out back, a three-sided infinity pool overlooks the ocean.

Over in Malibu Bluffs, a quintet of Midcentury-Modern mansions went under construction last year. With prices ranging from $50 million to $100 million and sizes ranging from 9,500 to 12,000 square feet, they’re set to be finished by the end of 2020.

All five occupy a 24-acre property that Gillen paid a record $50 million for in 2017.

Two others — a Malibu Road beach house and a Point Dume remodel — are up for grabs at $25 million.

Advertisement

A few miles away near Surfrider Beach, a gated enclave of four homes were the first of the series to sell. Three of them — called the Where, the Why and the What — have found owners, with two deals closed and one under contract. The last, called the Who, boasts custom interiors designed by Gillen, panoramic ocean views and a $16.5-million price tag.

Tracy Tutor of Douglas Elliman holds all the listings.

Gillen recently made headlines after reportedly offering $400 million for the Mountain in Beverly Hills, a 157-acre property that was listed for $1 billion at the time. However, the deal was likely never serious, sources told The Times.


Newsletter
Inside the homes of the rich and famous.

Glimpse their lives and latest real estate deals in our weekly Hot Property newsletter.

You may occasionally receive promotional content from the Los Angeles Times.
Advertisement