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Philanthropist Wallis Annenberg bought this beachfront house in the chic & gated Malibu Colony in 2006 for $22.75 million, then hired architect Frederick Fisher to redo the place. The result is a pretty spectacular, 8,400-sq-ft dwelling with four bedrooms, a lovely master suite with a terrace, & 70 feet of ocean frontage. Sliding glass doors capitalize on those vistas. The house was rumored to be on the market in 2013 for $49 million. Variety says the ask is now a pricechopped $39 million.

Philanthropist Wallis Annenberg Selling Frederick Fisher House in Malibu Colony For $39 Million

Philanthropist Wallis Annenberg bought this beachfront house in the chic & gated Malibu Colony in 2006 for $22.75 million, then hired architect Frederick Fisher to redo the place. The result is a pretty spectacular, 8,400-sq-ft dwelling with four bedrooms, a lovely master suite with a terrace, & 70 feet of ocean frontage. Sliding glass doors capitalize on those vistas. The house was rumored to be on the market in 2013 for $49 million. Variety says the ask is now a pricechopped $39 million.