Larry Sanders

NHL owner lands Malibu estate for a record-tying price

NHL owner lands Malibu estate for a record-tying price

The Malibu estate of Westside real estate agent Kurt Rappaport has quietly sold to billionaire investor Daryl Katz for $85 million — an all-in price that includes the furnishings, according to a spokesperson for Katz.

The off-market transaction ties that of David Geffen’s compound, which sold last year for the same price, for the most expensive residential sale recorded in the beach community.

The estate sits on a bluff of more than 5 acres just north of Pepperdine University on Pacific Coast Highway.

Designed by Malibu-based Scott Mitchell Studio, the monolithic-vibe house was designed to capture the ocean-view setting while...

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