SELLER: David Spade
LOCATION: Pacific Coast Highway, Malibu, CA
SIZE: 3,763 square feet, 4 bedrooms, 3.5 bathrooms
DESCRIPTION: Truly amazing architectural house with app. 60 foot on sandy La Costa Beach. The exciting design and recent construction give unmatched privacy and a perfect blend of ocean, sand and conform. Amenities include a pool, spa, sauna, and art studio.
YOUR MAMAS NOTES: We're gonna piggy on the back of Mister Big Time's scoop about bratty and sarcastic actor David Spade selling his ocean front house in Malee-boo with this discussion According the property records and Mister Big Time dirty little David Spade purchased this house in May of 2005 for $9,300,000.
And now he's put it on the market for a spectacular $16,000,000. Sixteen million! The listing does say the house has had "recent construction." But really, how much could Mister Spade have put in to this place in the last two years? One million? Two? Less? Either way he's surely going to walk with millions in his pocket from the sale in just 2.5 years of ownership. What does that tell you about the white hot Malee-boo real estate market?
If Your Mama has told the children once, we've told you a thousand times, that one of the many ways the rich get richer is buying and selling high end houses for outrageous profits.
According to the listing information, the house includes 4 bedrooms, 3. 5 bathrooms, a swimming pool in the front yard, sauna, art studio and 60 feet of bulkhead on La Costa Beach. The listing does not includes any photos of the interior and we could not locate any from other "sources," we presume that it's tastefully elegant.
While the railings at the back of the house make it look like it's surrounded by scaffolding and Mister Spade usually looks like he hasn't bathed in a few days, his sister in law is the very classy, very pulled together handbag designer Kate Spade. Miz Spade, who is married to David Spade's older brother Andy, has created an empire of sensible, clean lined, and updated waspy designs that now include paper things, baby things, sunglasses, shoes, and home accessory things. So possibly, hopefully, Miz Sister in Law gave him some help picking out candlesticks and cushions for the couches.
Property records and Mister Big Time both reveal that the snarky and dry witted actor's primary residence is a 5,848 square foot house on Wallace Ridge in the Trousdale Estates section of Beverly Hills which is just up the hill from Courtney Cox and David Arquette's in town house. Mister Spade's 3 bedroom house not only has a private drive court, swimming pool and a tennis court, but it also has 7 bathrooms, which is a lot terlits for a single guy.
Although Mister Spade is reported to have skin that's a wee bit sensitive to the sun, we expect he'll be buying another ocean front house in Malee-boo. Just a hunch.
Sources: Big Time Listings