Monday, August 13, 2007

Dirty Little David Spade Cleans Up in Malibu

SELLER: David Spade
LOCATION: Pacific Coast Highway, Malibu, CA
PRICE: $16,000,000
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


Anonymous said...

So funny, I thought the exact same thing about the scaffolding! When I first saw the picture I thought, 'Why would they try to sell it if they were still doing work on it?'

I'm not crazy about it. Looks dirty.

Anonymous said...

hmm ... $16M is quite pricy for la costa - I doubt this will sell quickly b/c at that price you could buy something really nice on malibu road & just about get something pretty decent on the colony / broad beach .... even at a stretch perhaps a little fixer upper on carbon?

way overpriced!

Juda1 said...
This comment has been removed by the author.
Anonymous said...

I'm not quite seeing the Description's 'truly amazing architecture' of this house. Glad you mentioned the railings across the back Mama because I thought they were scaffolding. A swimming pool in the front yard isn't what I'd want either either, but at least it insures this Malibu home isn't just a few feet from the street like some are. Good thing it's on the beach cause this place looks like a total fixer to me.

Anonymous said...

What on earth are those grey phallus looking columns by the pool?
On the positive it is a quater acre.

Anonymous said...

Phoenix - This property isn't any further back from pch than any other property ... by having a pool at the front they have just not used the complete lot to build on ... but this property is still right on pch - & i would argue that it is not near a quarter of an acre ...

If you go on flashearth the address is [21606, pacific coast highway, malibu, ca 90265] ... it's the oddly shaped property - this shows how close it is to the road like most of the properties around that particular part of malibu.

Anonymous said...

Ok, thanks Anon. Hopefully that structure to one side of the front of the property is the garage, even though I'd hate to be the person who had to back out of it. As much as I'd cringe every time I came home to a pool staring me in the face where my front yard should be, if I had to choose, I'd rather that than a house so close to the read it affords a better view of road conditions than a traffic helicopter has. I'd buy a Malibu home on a bluff overlooking the ocean anyday over being packed like a sardine along the beach like that.

Anonymous said...

so close to the 'road' rather, not 'read' :)

Anonymous said...

he'll be lucky to break even.

Anonymous said...

I would say $8M max - $16M is a joke.

Anonymous said...

Don't think the brother and Miss Kate are married any longer?

Pigtown*Design said...

It's Andy Spade... Jack Spade is the men's division of Kate Spade. And Kate & ANdy don't own it anymore. Liz Claiborne does.