Billionaire Sheldon Adelson Adds Superb Property in Desirable Malibu Enclave for $14.7M

Billionaire Sheldon Adelson Adds Superb Property in Desirable Malibu Enclave for $14.7M

Published: October 22, 2019 | By: American Luxury Staff

Sheldon Adelson bought up another slice of Malibu’s Colony neighborhood this month. The Colony is the original part of Malibu that was co-opted by a number of Golden Age Hollywood stars, producers, directors, and others. Adelson has called it a part-time home for about twenty years, buying up the occasional property that strikes his fancy.

His latest purchase fills out his main Colony estate. The French-inspired house extends to around 4,000 square feet. It has been heavily modified over the years, especially the exterior, which approaches postmodern mishmash, an accumulation and travel-log of varied ownership and era-specific architectural cool. But the stone-and-timber interiors have thankfully survived the ravages of time and fickle fashion.

Despite the weighty theme, the living style never becomes moody. Exposed beams and supports, stone walls, carved wood, reclaimed doors, and plank floors distinguish an interior living area that is nonetheless wide open and buoyant. Cathedral ceilings and abundant glass prevent even the living room fireplace—a mass of stone and style—from transforming the space into a ponderous period piece.

The home’s master suite—one set of accommodations in the four-and-four—receives a similarly intense fireplace, as well as a seaward bank of French doors and windows capped with a series of clerestories. The outdoor balcony has space enough to lounge in the sun, and is contained by a decorative wrought-iron balustrade in keeping with the overall theme of the home.

Adelson is the founder of casino and resort company Las Vegas Sands. His net worth is around $34.5 billion.

   
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