Sand castle on Billionaire Beach, going once, going twice!…I wonder how much it will sell for?
The starting bid of $ 22 million alone is a steal. And that, with the original listing price of $ 65 million, makes it the highest priced home ever to hit the auction block.
It’s not a foreclosure or short sale, just a very motivated seller. It’s another example of a growing trend of high-end homeowners choosing to auction their residences off as a way to nearly guarantee a home sale sooner than later.
Does the 90-foot great room, oceanfront gym, home theater room costing $ 1.45 million to build, 4,500 square-foot oceanfront patio with outdoor kitchen, 75-foot, two-lane lap pool (the biggest ever permitted to be built in Malibu), or 150-feet of ocean frontage entice you to raise your paddle?
If so, you have one day only to place your bid – September 18th at noon.