David Spade’s Former Malibu Residence Available for $59,000 Monthly Rent

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Richard Saghian’s Luxe Malibu Rental: Overview

Richard Saghian, the founder and CEO of the renowned fashion label Fashion Nova, has made a significant mark in the Southern California real estate market over the years. He has garnered attention not only for his fashion enterprise but also for his impressive investments in ultra-luxury real estate properties. A notable highlight from 2022 was Saghian’s extravagant purchase of The One, a mega-mansion located in Los Angeles’ upscale Bel Air neighborhood, which he acquired at auction for a staggering $141 million. This acquisition was just the beginning of his Malibu real estate ventures; shortly after, he purchased an oceanfront mansion for $40 million, existing within the elite enclave of Carbon Beach.

Rental Listing of La Costa Beach Home

Now, Saghian is venturing into the rental market with his first property located on the highly sought-after La Costa Beach. This stunning waterfront home is now available for rent at an impressive price of $59,000 per month. The property encompasses a spacious layout with four bedrooms and four bathrooms, expanding over nearly 3,800 square feet of elegantly furnished living space, spanning two floors. The interior design invites a sense of luxury and comfort, making it an attractive option for potential renters looking to unwind in style.

Background of the Property

Richard Saghian acquired this Malibu beachfront property in the spring of 2021 for just over $14.7 million. The home was previously owned by Ted Sarandos, the co-CEO of Netflix, and his wife Nicole Avant, who had bought it from comedian David Spade in 2013. Interestingly, Saghian’s purchase price was $4.5 million more than what Sarandos and Avant originally paid. This transaction has become an example of the rising property values in Malibu, a trend that consistently attracts high-profile buyers to the area.

Property Highlights and Features

The rental home features a remarkable Mediterranean-inspired design and boasts several opulent amenities. Sitting on the bustling Pacific Coast Highway, it includes a two-car garage and a gated entrance that leads to a beautifully landscaped brick courtyard with a captivating stone statue fountain. The outdoor area provides a perfect environment for relaxation, equipped with a dark-bottomed plunge pool and elegant cabanas that feature a seated bar. Initially built in 1996, the villa saw extensive renovations during Spade’s residency, enhancing its appeal with dark hardwood floors, high ceilings, and ample outdoor space for entertainment.

Interior Amenities

Inside, the main levels of the house showcase a grand combined living and dining area complete with a cozy fireplace and a staircase leading to a family room. The kitchen is equipped with state-of-the-art Viking appliances and features a breakfast bar for casual dining. A skylit staircase leads to the primary suite, which is a true retreat, complete with a fireplace, a balcony, a den/office, and a luxurious spa-like bathroom featuring a large oval soaking tub, creating a serene atmosphere for relaxation.

Rental Details and Management

The Malibu rental property is being marketed to luxury clients and requires a hefty one-time deposit of $118,000. Listing agents for the property include Branden Williams and Raini Williams of Beverly Hills Estates, along with Stuart Beterick from Westside Estate Agency. Their expertise in luxury real estate brings invaluable support in finding the right renters for this exquisite property.

Conclusion

Richard Saghian’s entry into the Malibu rental market represents not only his investment prowess but also a growing trend of ultra-luxury rental properties attracting wealthy clientele. The La Costa Beach property stands out as a prime example, offering a combination of comfort, elegance, and a scenic beachfront location. With its lavish amenities and historical ownership by high-profile personalities, this home signifies the luxurious lifestyle that many aspire to enjoy in Malibu’s competitive real estate landscape.

FAQs

What is the monthly rent for Richard Saghian’s Malibu home?

The rental price for the Malibu home listed by Richard Saghian is $59,000 per month.

How many bedrooms does the rental property have?

The property features four bedrooms and four bathrooms, providing ample space for residents.

Who were the previous owners of the property?

The property was previously owned by Ted Sarandos, co-CEO of Netflix, and his wife Nicole Avant. Before them, it belonged to comedian David Spade.

What amenities does the rental property offer?

The rental home includes a plunge pool, cabanas, a two-car garage, a landscaped courtyard, and a beautifully renovated interior with modern appliances.

What is the rental deposit amount?

The rental listing requires a one-time deposit of $118,000.

Overview of David Spade’s Former Malibu House

David Spade, the renowned comedian and actor, has made headlines not only for his illustrious career but also for his impressive real estate portfolio. His former Malibu home, which recently made waves by becoming available for rent, is a prime example of luxury living. This article will delve into the details of this magnificent property, including its features, and its significance in the Hollywood real estate landscape.

Architectural Features and Design

The architectural design of David Spade’s former Malibu house reflects the quintessential Californian style, with open spaces, large windows, and an emphasis on indoor-outdoor living. The home boasts a modern aesthetic with clean lines and minimalist decor. With stunning ocean views and natural light penetrating through expansive glass panels, the house is designed to enhance relaxation and enjoyment of the coastal scenery.

Interior Layout and Amenities

Spade’s Malibu residence features several key rooms, including an inviting living area, a gourmet kitchen equipped with high-end appliances, and multiple spacious bedrooms. Furthermore, the house includes luxurious bathrooms and ample closet space, catering to the highest standards of comfort and style. The interior design blends contemporary and functional elements, making it both visually appealing and practical for everyday use.

Outdoor Living Spaces

One of the most striking aspects of this property is its outdoor living area. The house is surrounded by lush landscaping that offers both privacy and a picturesque environment. It features an expansive patio that is ideal for entertaining guests or enjoying the sunny California climate. There is also a swimming pool, providing a perfect spot for relaxation during warm summer days. Collectively, these spaces contribute to the overall allure of the home.

The Significance of Malibu in Real Estate

Malibu has long been recognized as a premier location for high-end real estate, attracting celebrities and affluent buyers from all over the world. The community is known for its pristine beaches, upscale dining, and vibrant cultural scene. Properties like David Spade’s former home play a crucial role in maintaining Malibu’s reputation as a luxurious lifestyle destination. The combination of stunning natural beauty and proximity to Los Angeles makes it a coveted location for both living and investment.

The Rental Market Dynamics

With David Spade’s former residence now available for rent, there is increased interest from potential renters looking for a piece of Hollywood glamour. Real estate trends indicate that luxury rentals in Malibu remain in high demand, especially for properties offering unique features and prime locations. This aspect of the market is particularly attractive to those seeking short-term rentals or individuals wanting to experience a slice of celebrity life.

Conclusion

David Spade’s former Malibu house reflects the ongoing appeal of luxurious coastal properties in California’s real estate market. From its architectural beauty and lavish interiors to its outdoor spaces designed for ultimate relaxation, this home encapsulates the essence of upscale living. As it enters the rental market, it not only showcases Spade’s legacy but also highlights Malibu’s significance as a top-tier real estate destination.

FAQs

What are the rental price expectations for David Spade’s former Malibu house?

The rental price can vary based on market conditions but is expected to be in the higher range typical of luxury properties in Malibu.

What features make Malibu properties desirable for renters?

Malibu offers stunning ocean views, access to beautiful beaches, and a vibrant lifestyle that attracts many affluent renters.

Is the property available for long-term or short-term rental?

The specifics of the rental terms will depend on the listing agreement, but luxury properties in Malibu typically cater to both long-term and short-term tenants.

What amenities are usually included in luxury rentals like this one?

Luxury rentals often include high-end appliances, landscaping services, swimming pools, and security features, among other amenities to enhance the living experience.

Are there any other celebrities with properties in Malibu?

Yes, Malibu is known for its celebrity residents, including actors, musicians, and sports figures, many of whom own or rent luxurious homes in the area.

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