Nick Springett / Special to the Times
June 14, 2013
At $57.5 million, the most expensive Malibu listing now in the Multiple Listing Service is the Frank Gehry-designed Borman estate set on more than an acre. The site has 160 feet of Broad frontage, an ocean-view tennis court, a lap pool and a spa. A steppingstone path through lawn leads to the sand.
The 11,413-square-foot two-story home, custom built in 1989, features a gym, a wine cellar, a loft, five fireplaces, a sauna, six bedrooms and two bathrooms.
Owner Burton Borman, who died last year at 85, was the former chief executive of insurance company PennCorp Financial. A tennis lover, he commissioned Gehry to design the beach house. Among Gehry's credits are Walt Disney Concert Hall in downtown Los Angeles and the Guggenheim Museum in Bilbao, Spain.