The Week's Most Expensive New Listing Fashion Designer James Perse's $40M Malibu Estate
A stylish Malibu, CA, estate belonging to fashion designer James Perse is this week's most expensive new listing. The oceanfront property is asking $39,995,000-more than double what he paid for the place.
It's no surprise that the retailer-whose upscale brand includes a cult-favorite T-shirt line, decor, and furniture-also has a taste for luxury real estate. In fact, Perse's design philosophy stems from his "passion for minimalist architecture influenced by warm west-coast indoor outdoor living and the casual clothing that's inspired by it," according to the designer's website.