Hedge fund manager Chase Coleman bought heavily in Malibu beachfront living last summer. The Tiger Global Management CEO purchased a pair of nearby but not contiguous properties in the city’s Point Dume neighborhood, according to Dirt. The closings amount to an outlay of $56 million.

The pricier of the two properties closed at $35 million. The second added $21 million to the final tally.

Of the two homes, the more expensive is the least extravagant; it is also poised on a bluff that allows for splendid views. It’s a single-level home with modern architecture that dates to the mid-1960s. Its interior living spaces, which measure around 2,200 sq. ft., show signs of fairly recent renovation, including natural-toned matter-finished hardwood floors, and are illuminated by skylights. The property’s landscaping is an ecologically sensitive mix of gravel and plant beds, and includes a long, wide-open boardwalk to a cliff-side deck. The lot measures a solid acre, and that’s an appealing foundation for a Point Dume trophy-to-be.

The second house is a three-level residence with interiors that measure in at about 8,000 sq. ft. It sits on a slightly larger lot of 1.12 acres, and is landscaped tropical.

Coleman’s net worth is north of $10 billion, according to Forbes.