Gargantuan $455m estate will be America's most expensive home

A jaw-dropping listing is coming to the loftiest end of the American prestige market, priced to be the country’s most expensive house for sale.

A real estate agent to the stars teased the upcoming campaign for the gargantuan $US300 million ($AU455 million) estate in Malibu, California, to Bloomberg. It will be the priciest property to ever transact in America.

Only a year ago, the California record house price was $US190 million ($AU288 million), set by music greats Beyonce and Jay Z.

They purchased a concrete mansion which took 15 years to build, on the rolling Pacific Ocean. California’s record price has been obliterated many times over in a short space of time.

The pending listing of the $US300 million trophy home will just leap-frog a compound named Gordon Pointe, in Naples, Florida, which is currently the US’s priciest property ever to come onto the market. Gordon Pointe has a red spot sticker of $US295 million ($AU447 million).

Australia’s most expensive property on the market (at the time of publication) is barely half of that – the Sydney Harbour-front manor Wingadal, owned by businessman John Symonds, which carries $200 million-plus price hopes.

Wingadal launched on the market in April this year.

Beyonce and Jay Z paid cash and made history with their Malibu transaction in 2023. However, a boom in the elite bracket of the market on the west coast of America has changed the game and the benchmarks

Agent Kurt Rappaport, who has secured the pending $US300 million listing, sold the superstars their home and also set a fresh Malibu record with a $US210 million ($AU318 million) deal for his vendor, the founder of cult sunglasses label Oakley, in June.

Rappaport is co-founder and CEO of Westside Estate Agency, which specialises in salubrious Bel Air, Malibu and Beverly Hills.

Rappaport did not disclose to Bloomberg the particulars of the $US300 million home coming to the market. It is shrouded in mystery, but Rappaport has a track record for these sorts of listings.

Although Malibu is in a high-risk zone for bushfires, Rappaport told Bloomberg it remains in demand with elite-level buyers.

“Isn’t that the point of having money?” he told the news outlet. “Living where you want?”

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The Melbourne estate offers “a depth of design, amenity, technology, and stature that rivals the finest hotels of the world”, the listing says.