Billionaire Jay Paul Buys Malibu Spread for $13.3M

Published: May 26, 2022 | By: American Luxury Staff

Thinking summertime, West Coast real estate developer Jay Paul shelled out $13.325 million for a four-bed, five-bath property in Malibu this spring. The property closed in the second week of April; according to public records, it had been on the market for about four months when it changed hands.

The estate is more or less a hilltop compound, with a series of structures arranged around a central courtyard. The property, which measures 4.29 acres, is accessed via a set of Japanese-inspired gates resembling a pair of shoji screens; the lanterns crowning the gate pilasters enhance the Eastern conceit, which is picked up again at the gateway to the residence itself, and in the design of the garage doors.

The house is possessed of a marvelously unpretentious style; the atmosphere of casual literacy is borrowed from Mediterranean tastes, and complimented by a series of wizened olive trees in the courtyard, an element of the landscape vision of Maureen Barnes. Skylights, walls of fold-away glass, rattan blinds, French doors, clerestory windows, and semi-vaulted ceilings contribute to the whole.

The property’s amenities list includes a large owner’s suite with a sauna and access to a private outdoor living area and shower. A pool and a guest house fill out the exterior amenities list, while panoramic views of the coastal landscape provide splendid context and put the finishing touch on a turnkey lifestyle.

Paul’s net worth is around $3 billion.

2959 May 26, 2022 Real Estate May 26, 2022