Billionaire’s Eco-Friendly Malibu Home Hits the Market for $28.5 Million

A sustainable home tied to billionaire Alki David is coming to the market for $28.5 million, Mansion Global has learned.

The four-bedroom, four-and-a-half bathroom Malibu house, with classic California beach vibes, has views of the Pacific Ocean and a sandy beach, plus walls covered with modern urban art by Alec Monopoly. But it’s also been outfitted with solar energy and two Tesla Powerwalls, a water desalination system and electric toilets to prevent water waste.

“With today’s problems, both sociopolitical and socioeconomic, being able to provide your own water and electricity is essential,” said Mr. David, 52, who is currently living at the property and has overseen the updates.

Indeed, in case of emergency, the desalination system can process up to 350 gallons of ocean water to create fresh drinking water, Mr. David said. In addition, the solar panels directly charge the Tesla Powerwalls, which are batteries that “store energy, detect outages and automatically become your home’s energy source when the grid goes down,” according to the Tesla website.

Mr. David is a Greek manufacturing heir and entrepreneur. Most recently, he has spearheaded Hologram USA, which has created 3-D images of Tupac Shakur and Michael Jackson. He’s also had the likes of Snoop Dogg and Mike Tyson working with him on entertainment projects at the property, according to Compass, which has the listing.

The property is owned by a limited liability company with ties to Mr. David. It last traded in 2019 for $19.1 million, according to property records.

The residence is located in a gated community along Malibu Colony Beach, which is “typically considered one of the best beaches in the country,” according to listing agent Jordan Wright of Compass. The property itself is on the best part of that beach, he added, as much of the sand is underwater at high tide at other sections.

Article Source: Mansion Global