Swedish businessman Mikael Söderlind, who founded the apparel retailer Happy Socks, has one foot out the door in Malibu after listing his Point Dume estate.
The renovated Traditional-style home hit the market in September for $4.595 million and is now listed as pending but “accepting backup offers,” according to the Multiple Listing Service.
A block or two from the ocean, the estate sits on more than an acre with a swimming pool and spa, a sports court, a skate ramp and a vegetable garden. Built-in seating for eight surrounds a fire pit.
The house has about 3,400 square feet of living space that includes a center-island kitchen, a family room and an office. There are five bedrooms and 3.5 updated bathrooms. A lower-level guest suite has a den, a wet bar and sliding glass doors that open to the backyard.
The master suite opens to a balcony overlooking the backyard.
Söderlind bought the home a year ago for $3.1 million, records show.
The businessman founded Happy Socks a decade ago. The colorful Swedish manufacturer and retailer has stores in eight countries. Last year, Palamon Capital Partners acquired a majority stake in the company, valuing it at about $81 million.
Susan Delava of Douglas Elliman holds the listing.