For the first time ever, a home in the exclusive Malibu Colony will be up for auction on Sunday, February 13. The opening bid--which was determined by the home's current owner--is $3.75 million, a 55% reduction from the home's original $8.4 million listing price.
The house itself is approximately 4,000 square feet and has four bedrooms and three and a half bathrooms. The focal point of the loft-style home is its open great room, which allows for easy transition between the entryway, kitchen, living area, and screening room. The beach pad also boasts amenities like a jacuzzi tub and sauna in the master bathroom as well as a pool, spa, and barbecue alcove outside. Other unique features include a rooftop deck with ocean views and access to Malibu Colony's famed private beaches.