Comedian Russell Peters is listing his modern Malibu, Calif., home for $8.8 million.
Mr. Peters, whose stand-up specials have appeared on streaming service
bought the house for $4.725 million in 2014, public records show. He then gutted and completely renovated the property, according to listing agent
of Hilton & Hyland.
“We opened up the front entrance and created an entire wall of windows looking into the backyard and the Pacific,” Mr. Peters said of the renovation. “We changed all the railings on the balconies to glass so that you could see the ocean while lying in bed.”
The property, which is located just off the Pacific Coast Highway about a 15-minute walk from Escondido Beach, overlooks the ocean, with seven bedrooms and 10 bathrooms.
Guests enter the home via a private gated driveway into a motor court that can hold up to 14 cars, Mr. Gold said. The entryway features a large chandelier suspended over a dramatic staircase. The family room has a wet bar with illuminated onyx, and the second-floor master suite has panoramic views of the coast and a wraparound terrace. There is also a gym, a professional screening room, a pool and one-bedroom guesthouse on the site.
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Mr. Peters said he was selling the property to move to another home he owns in Hidden Hills. He purchased that property for $6.45 million in June 2017, public records show. That home is closer to his daughter, custody of whom he shares with his ex-wife, he said.
Malibu real estate hit record highs in 2017, thanks to a couple of high-profile sales, according to public records.
an investor who bought one of Malibu’s largest homes for $38 million in 2016, flipped it for $69.9 million last spring, according to property records. Music mogul
also sold his oceanfront home for $85 million.
Mr. Peters, 47, has been ranked by Forbes as one of the highest grossing comedians in the U.S. He currently stars in “The Indian Detective,” a scripted comedy series on CTV and Netflix.
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