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Eyewear mogul sells the most expensive home ever in California
The priciest home ever sold in California was just purchased for $210 million. And the mansion wasn’t owned by a tech magnate or high-profile celebrity.

James Jannard, the billionaire founder of the popular glasses and sportswear brand Oakley, offloaded his Malibu home in one of the biggest real estate deals of the year. The news was first reported by the Los Angeles Times.

The buyer is shrouded by a Delaware LLC, and the home was never officially on the market, but the real estate agent representing the sale, Kurt Rappaport, has sold homes to the likes of Larry Ellison, Tom Cruise and Lebron James. Rappaport declined to comment on the sale.

The oceanfront home spanning 9.5 acres nets a hefty profit for the eyewear mogul, who purchased it in 2012 for $75 million. The eight-bedroom, 14-bathroom mansion was once dubbed “too grandiose” and was reduced in square footage to “suit the homeowner’s desire for restraint.”

Beyonce and Jay-Z held California’s previous real estate record when the power couple purchased a 30,000-square-foot Malibu mansion for $200 million in cash in 2023. The seller was Bill Bell Jr., a soap opera fortune heir, whose parents were behind such hits as “Another World,” “The Young and the Restless” and “The Bold and the Beautiful.”

Before that, the record was $177 million, also set in Malibu and also facilitated by Rappaport. That home, purchased by Bay Area-based venture capitalist Marc Andreessen, had been sold by fashion magnate Serge Azria.

Malibu is home to many sprawling mansions, with everyone from celebrities to Bay Area tech elite buying up the priciest homes in the area.

Amazon founder Jeff Bezos once held the California real estate record for his 2020 acquisition of the Warner estate in Beverly Hills for $165 million. In 2019, Lachlan Murdoch’s $150 million purchase of Bel-Air’s “Beverly Hillbillies” mansion had held the record.

https://www.sfgate.com/realestate/article/most-expens..