Billionaire developer Rick Caruso is selling his stunning black-and-white themed beach house in Malibu for $40 million.
The five-bedroom, eight-bath mansion spans 7,264 square feet. After Caruso bought the property in 2008 for $11.3 million, the oceanfront house was taken down to the studs and then remodeled in the vein of Rosewood Miramar Beach, a Montecito resort which his company owns, according to a representative of The Agency real estate firm.
The result was a property that carries the same Cape Cod architectural style with black-and-white features running through the home. For example, there’s the black-and-white tile in the foyer, white cabinetry in the kitchen set against a black island, and a two-tone striped overhang shades a deck.
“The epitome of luxury, this custom-built oceanfront home resides in one of the most exclusive enclaves in Malibu,” according to the…