Kamala Harris snaps up $8.15M mansion in Malibu with ‘private oasis.’ How to buy prime US real estate even on a budget

Moneywise and Yahoo Finance LLC whitethorn gain committee oregon gross done links successful the contented below.

After stepping distant from politics, erstwhile U.S. Vice President Kamala Harris appears to beryllium expanding her existent property footprint — this clip on the famed California coast.

Harris and her husband, Doug Emhoff, person purchased an $8.15 cardinal location successful Point Dume, Malibu, according to the New York Post (1).

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The spot spans astir 4,000 quadrate feet, sits connected three-quarters of an acre and has 4 bedrooms, six bathrooms and much (2): According to the Zillow listing (3), the location offers “breathtaking ocean, land and metropolis views” and is designed for “seamless indoor-outdoor living.”

Inside, the bureau features vaulted wood-beamed ceilings, skylights and French windows framing water views. The room is described arsenic a “chef’s dream,” with a chromatic island, barroom seating and Miele appliances. Outside, the backyard is billed arsenic a “private oasis,” implicit with a pool, built-in Jacuzzi, a landscaped h2o diagnostic and a backstage putting green.

It’s an awesome location — though hardly astonishing fixed the location. Known for its stunning water views and secluded beaches, Point Dume has agelong attracted high-profile residents, including Bob Dylan, Julia Roberts and Sean Penn (4).

The Malibu location is not the couple’s archetypal spot successful Los Angeles. They already ain a 3,500-square-foot location successful Brentwood that Emhoff purchased successful 2012, earlier they were joined (5).

In 2017, Harris besides bought a two-bedroom flat successful Washington, D.C., for $1.78 cardinal (6), which she sold successful 2021 for $1.85 cardinal (7).

The Zillow listing for the Malibu spot besides highlights the home’s transaction past — a snapshot of however sharply prices person climbed implicit time.

Before Harris’ purchase, the spot past changed hands successful 2012 for $2.61 million. Prior to that, it sold for $750,000 successful 1994.

That steep emergence reflects a broader inclination good beyond Malibu oregon California. Home prices crossed the U.S. person surged implicit the decades, driven by beardown request and constricted lodging supply. In the past 10 years alone, the S&P Cotality Case-Shiller U.S. National Home Price Index has climbed 87.6% (8).