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Another high-dollar sale in March keeps things hot in Malibu

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Another blockbuster sale along the sand in Malibu paved the way for L.A. County’s highest-priced home sales for the month of March. In the Beverly Hills market, two sales tipped the scales at $22 million or more.

Here’s a larger look.

$38 million — Malibu

Hollywood film producer Joel Silver sold his home on Pacific Coast Highway for $38 million, below his original asking price of $57.5 million.

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The beachfront house was built in the 1930s and has since been updated. The two-story sits on a roomy lot of about three-quarters of an acre and features 137 feet of beach frontage, a swimming pool and a tennis court.

Living spaces include a two-story great room, a formal dining room and a lofted office space. There are five bedrooms and six bathrooms plus a detached guesthouse. The master suite takes in views of the ocean and Carbon Beach through walls of glass.

Judy Feder of Hilton & Hyland, an affiliate of Christie’s International Real Estate, held the listing. Kurt Rappaport of Westside Estate Agency was the buyer.

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$23.5 million — Beverly Hills

In the 700 block of North Canon Drive, a Mediterranean mansion designed by architect Peter Choate changed hands for $300,000 less than the asking price.

Composed of two parcels totaling 1.2 acres, the gated estate includes a 2000-built main house, a guesthouse, a lighted sports court and a swimming pool. The structures combine for nine bedrooms, 11 bathrooms and nearly 14,300 square feet of living space.

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Other features of note include an exposed-beam living room, an eat-in kitchen and a private screening room with a hand-painted ceiling. The master suite has two walk-in closets and two bathrooms.

There are also a private bath and sauna. A large gated courtyard with specimen trees and fountains provides a scenic entry.

Joyce Rey and Jade Mills of Coldwell Banker Residential Brokerage were the listing agents. Fred Bernstein of Westside Estate Agency represented the buyer, a limited liability company.

$22 million — Beverly Hills

Set behind gates on Shadow Hill Way, a Spanish Revival estate sold to a blind trust for $5.9 million less than the asking price.

The home, which rests on a promontory of about an acre, was designed in the 1950s by noted architect Wallace Neff and more recently renovated in its current style by Tim Morrison.

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It has nearly 8,700 square feet of living space that includes scaled living and dining rooms, a chef’s kitchen with an L-shaped island, three fireplaces, seven bedrooms and nine bathrooms. A guesthouse provides another bedroom en suite.

French doors off the common areas open to an unusual shell-shaped swimming pool. Decking, fountains, a three-car garage and a motor court complete the grounds.

Joe Babajian and William Strassner of Rodeo Realty were the co-listing agents. Jay Harris of the Agency represented the buyer.

$19.5 million — Pacific Palisades

In the Amalfi Coast section of Pacific Palisades, the former estate of “Green Acres” actor Eddie Albert sold to Bobby Murphy, the Snap Inc. co-founder and chief technology officer, for the asking price. The seller was noted landscape designer Jay Griffith.

The John Byers-designed house was built in 1933 and owned by Albert for nearly five decades. Recently restored, it has more than 4,800 square feet of interior, five bedrooms and six bathrooms.

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Classic details include period fixtures, beamed ceilings and an oversized fireplace in the living room. Weathered wood paneling gives a rustic vibe to a vintage pub room.

In addition to the main house, the three-quarter-acre estate includes several outdoor pavilions and a swimming pool surrounded by lawn.

Fran Flanagan of Coldwell Banker Global Luxury and Brett Lawyer of Hilton & Hyland, an affiliate of Christie’s International Real Estate, were the listing agents. Todd Stein of Campbell Wellman Properties represented Snapchat co-founder Murphy, who made the purchase through a corporate entity.

neal.leitereg@latimes.com

Twitter: @LATHotProperty

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