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Billionaire David Saperstein’s Beachfront Malibu Compound Hits the Market for $115 Million

The kitchen gets its own elevator in this modern, beachfront home.

27930 Pacific Coast Highway Alfred Yson for Sotheby's International Realty

You might want to change the name. Mar de Amor, or Sea of Love, sounds just a little cheesy for a stunning, ultra-modern Malibu oceanfront estate with such an eye-watering sticker price.

Broadcasting billionaire David Saperstein—who founded Metro Networks, which provided traffic reports to radio stations—built this 10,600-square-foot compound in the late 1990s.

Sitting on a 2.6-acre lot in Malibu’s celebrity-rich Paradise Cove enclave (Walmart heiress Ann Walton Kroenke lives next door), the home comes with private access to the exclusive Paradise Cove beach, a jaw-dropping infinity pool and spectacular views of the crashing Pacific.

Other A-list neighbors you’re likely to bump into while strolling the sand or paddleboarding in the cove: actor Leonardo DiCaprio, Friends star Courteney Cox, tennis ace John McEnroe and former Paramount Pictures chief Frank Mancuso Sr.

If the estate sells for close to its $115 million asking, it would become the fourth most expensive home ever sold in California, and the most expensive in the increasingly off-the-charts Malibu area.

And, believe it or not, the price is not that unrealistic; last year WhatsApp co-founder Jan Koum reportedly paid $100 million for a 14,000-square-foot spread just down the beach. Back in 2018, natural gas billionaire Michael Smith dropped $110 million for an estate in nearby Carbon Beach.

What will likely appeal to buyers is Mar de Amor’s truly breathtaking design. With two separate wings laid out like a wedge and connected by a central entry, the home has architectural panache.

Imposing gates off Pacific Coast Highway lead down an impressively long paved driveway, past a pair of kids’ tree houses and a lighted tennis court, to a large motor courtyard.

27930 Pacific Coast Highway

The staircase is a centerpiece in the home.  Photo: Alfred Yson for Sotheby's International Realty

The two-story entry features a soaring 18-foot-tall, shimmering crystal chandelier, centered in a sweeping Bianco Carolina marble circular stairway. Talk about making a dramatic entrance.

The second floor has vast open-plan living areas with seemingly endless floor-to-ceiling windows. There are 12 bedrooms and 14 bathrooms in total, with the master suite clad in white tile and stark-white walls while making the most of its 180-degree ocean views.

27930 Pacific Coast Highway

The chef’s kitchen.  Photo: Alfred Yson for Sotheby's International Realty

The chef’s kitchen is all industrial-grade stainless-steel cabinets and appliances, shiny black stone flooring and a stark-white, Nano Glass, stone-surfaced island. The kitchen even has its own elevator to service the lower-level entertaining areas.

As you’d expect of a money-is-no-object build, the house includes a Hollywood-style, 20-seat movie theater with the latest digital projection and Dolby sound. There’s also a fitness center with premium equipment.

27930 Pacific Coast Highway

The living area.  Photo: Alfred Yson for Sotheby's International Realty

Of course, Saperstein, who sold Metro Networks in 1978 for a reported $1.25 billion, is no stranger to the mega-priced luxury property market. He and his ex-wife Susan built the spectacular, Palace of Versailles-inspired Beverly Hills mega-mansion called Fleur de Lys. After their split in 2014, the ex-Mrs. Saperstein sold it for $102 million.

27930 Pacific Coast Highway

The master bedroom.  Photo: Alfred Yson for Sotheby's International Realty

Then in 2018, Saperstein himself off-loaded his 123-acre equestrian ranch in California’s Simi Valley, known as Hummingbird Nest Ranch, for $33 million.

The Mar de Amor sale is being handled by listing agent Drew Mandile, of Sotheby’s International Realty.

27930 Pacific Coast Highway

The master bath has a copper tub.

27930 Pacific Coast Highway

Another living area.  Photo: Alfred Yson for Sotheby's International Realty

27930 Pacific Coast Highway

The dramatic entryway.  Photo: Alfred Yson for Sotheby's International Realty

27930 Pacific Coast Highway

The infinity pool.  Photo: Alfred Yson for Sotheby's International Realty

27930 Pacific Coast Highway

The screening room.  Photo: Alfred Yson for Sotheby's International Realty

27930 Pacific Coast Highway

Views of the tranquil waters of Paradise Cove.  Photo: Alfred Yson for Sotheby's International Realty

27930 Pacific Coast Highway

The beach is right out the door.  Photo: Alfred Yson for Sotheby's International Realty

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