They may have sold at a loss, but the couple still manages to win.
Cindy Crawford and Rande Gerber are going strong. The world-famous supermodel and her entrepreneur husband just sold their four-bed, six-bath home in Malibu for a whopping $45 million. Technically it’s a loss for the duo, who bought the home for $50.5 million back in 2015 and intended to sell it at a profit after renovations. But we’re guessing they aren’t shedding any tears over this flop of a house flip!
Measuring 5254 square feet, this one-of-a-kind beach compound is set on three natural acres filled with mature trees, panoramic ocean views, and winding walkways to the sandy beach. Guests enter through the long driveway, which winds past a tennis court to the newly-renovated, architectural-style home, which was originally built in 1944. On the main floor, a great room with floor-to-ceiling sliding glass doors provides panoramic views of Malibu’s sparkling beaches and ocean. A large kitchen with a breakfast bar and spacious island is the dream of any aspiring chef. The master suite is like a vacation in itself, thanks to a cozy fireplace, sitting area, two separate spa-like baths and roomy dressing closets. An additional room with beautiful ocean views currently functions as a media room, but could easily be converted into a home office or additional bedroom.
Just last year, the couple dropped $11.625 million on a sprawling estate in Beverly Hills. That home, which is located inside the coveted Trousdale Estates, was purchased from One Republic singer Ryan Tedder. The couple also owns two other properties in Malibu, including a beach house that can be yours for the low, low price of $19,500 a month. Then there’s their property in Los Cabos, Mexico and a lake house near Ontario, Canada, because hey, everyone’s got to have options.