View From The Top: Step Inside Malibu’s $57.5 Million, East Coast-Inspired Mansion

The home's design combines an open floor plan living room, popular in Malibu, with a more traditional exterior.

Yoga on the beach anyone? Agent Chris Cortazzo is betting Malibu, Calif.’s famed yoga, surfing, flip-flop culture will entice a deep-pocked buyer to pony up for a new construction he is listing there. “Our lifestyle is outside. You could be in London and have a beautiful place, but if you can’t just be outdoors in a t-shirt and flip-flops, it’s a whole different lifestyle,” says Cortazzo of Coldwell Banker. “There’s sophistication to it, but also a casualness.”

Not casual? The home’s $57.5 million price tag.

The median sale price for a single-family home in Malibu was $2.8 million in the first quarter of 2017, according to appraiser Miller Samuel, up 14.3% year-over-year. Sales volume was up 20%, while inventory was flat. The local average price per square foot was $1,061.

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