Real Estate

Oakley founder sells Malibu mansion for a breathtaking $210M — setting a new record for California

Hold onto your designer shade𒆙s: The founder of Oakley just unloaded his Malibu megamansion for a staggering $210 million, smashing all previous Californi🍃a real estate records.

This eye-popping sale leaves Jay-Z and Beyoncé’s then-record $200 million Malibu compound purchase last year in the dust.

However, this is not the priciest home ever to sell in US history. That honor belongs to Ken Griffin’s $238 million purchase in 2019 of a four-level💞 condo at 220 Central Park South in New York City.

Eyewear mogul James Jannard, who started Oakley in 1975, is🔯 laughing all the way to the bank after buying the place for $75 million in 2012, according to real estate records reviewed by the Los Angeles🌠 Times, to report on the sale.

The estate is situated on 9.5 acres. Google Maps

Photos of this uber-luxe property are scarce, as it never hit the open market, with the deal being quietly sealed off-market. The deep-pocketed buyer remains a mystery, hidden behind a Delaware-based limite𓂃d liability company.

This 15,000-square-foot stunner sprawls across 9.5 acres of prime clifftop൲ land, boasting a private 300-﷽foot stretch of ocean near El Pescador State Beach.

The palatial pad i🐻ncludes eight bedrooms, a staggering 14 bathroomℱs, a massive courtyard, a gym and two guesthouses.

Interiors designed by Michael S. Smith — the same guy who revamped the Oval Office at the White House — feature ornate columns, beamed ceilings, and floor-to-ceiling steel and glas🦩s windows.

The backyarꦬd includes a lush lawn and a pool with ocean views.

Kurt Rappaport of Westside Estate Agꦜency held theꦇ listing.

Oakley founder and CEO Jim Jannard. WireImage for Oakley
The home spans 15,000 square feet. Google Maps

Malibu, a celebrity and billionaire playgroꩵund just 45 minutes from LA, now claims the three most expensive homes in California.

Alongside Jannard’s blockbuster sale and the Carters’ colossal buy, venture capitalist Marc Andreessen dropped a cool $177 million on a Malibu estate in 2021.