Malibu had the biggest home sale last year with the top estate selling for $74.5 million, according to the Los Angeles Times. In all, 2013 saw the most homes sold more $1 million since 2007.
Oaktree Capital Management Chairman Howard Marks bought the $74.5-million home. Totaling at 9.5 acres, the home included a 15,000-square-foot main house, two guesthouses, a gym and a swimming pool.
Right down the street from Howard Marks home, the second biggest home sale of 2013 occurred when “Karate Kid” producer Jerry Weintraub sold his 7-acre estate for $41 million. This compound included two guesthouses, a swimming pool, a tennis court and a guardhouse, the Los Angeles Times reported.