He had made his fortune as a cofounder of the self storage giant Public Storage in 1972, and had passed away last year.
It was previously owned by Gustavson's late father, B Wayne Hughes, who bought the mansion for around $20million in 2003, according to the Wall Street Journal. She added that the 'exceptional oceanfront compound offers the ultimate resort lifestyle located on one of the most incredible bluffs and beaches in the world.' 'This gorgeous villa offers a casually elegant style and peaceful ambience with walls of pocketed glass doors throughout that open to large terraces encircling the home and allowing the light-filled interior to integrate with the lush exterior and enveloping ocean vistas,' Jade Mills, a real estate agent with Coldwell Banker Realty, wrote. To get to the main house, it says, homeowners must 'enter through the private front gate to the long driveway that winds past the tennis court, detached guest house and expansive lawns and leads to the graceful two-story main house.' The listing at the time told prospective buyers they could 'discover absolute nirvana in this World-Class Oceanfront Estate.' The home was first built in 2001, and was put up for sale back in May by self storage heiress Tammy Hughes Gustavson, who asked $127.5million for the compound. One of the more unusual features for the area is a winding path allowing the homeowner to drive a golf cart or other small vehicle directly down to the beach. Staff quarters with a kitchen are located off the three-car garage, while above the garage there are two guest suites, each with bathrooms and terraces, and one with a kitchenette. It also includes a luscious garden, a designated screening room, a tennis court and a gym in one of the guest suites. It features a large four bedroom house with patios overlooking the ocean and two small guest houses. It is located directly adjacent to a roughly $190million property owned by WhatsApp cofounder Jan Koum, and neighbors other famous residents like actress Halle Berry, Kim Kardashian and venture capitalist Marc Andreessen. The 11,000 square foot property in Malibu's coveted Paradise Cove enclave sits on a 3.5-acre lot on top of a bluff overlooking the ocean. Published: 16:08 GMT, 10 October 2022 | Updated: 07:28 GMT, 11 October 2022īillionaire media mogul Byron Allen has snapped up a luxurious mansion overlooking the Pacific Ocean for a whopping $100 million - the most ever an African-American in the United States has spent on a home.
Billionaire media mogul Byron Allen forks out $100 MILLION on sprawling Malibu mansion overlooking the Pacific Ocean - the most ever paid for a home by an African-American in the US
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