Pamela Anderson Wants $19.4 Million For Malibu Beach House
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Pamela Anderson Wants $19.4 Million For Malibu Beach House

Inspired by some of California’s best known Modernist architecture.

By Katherine Clarke
Tue, Mar 9, 2021 1:29amGrey Clock 2 min

Pamela Anderson, the actress who rose to fame playing a California beach lifeguard on “Baywatch,” is putting her own California beach house on the market for around $19.4 million.

Before buying this property, Ms Anderson said she had lived right on the sand, but found that fans would come up to the property looking for her. “A girl actually ended up in our guest bedroom and had my ‘Baywatch’ swimsuit on,” she said, referring to the bright-red one-piece she was frequently photographed in. “That was it for me.”

In 2000, Ms Anderson bought a site, which backs onto a lagoon, for about US$1.8 million, records show; she said she later replaced a “shabby chic” cottage with a new home for herself and her two young sons.

“It took me 10 years to build—I put another $8 million cash into it,” Ms Anderson said in written comments.

Located in a gated community in Malibu, Calif., the three-bedroom house is about 5,500 square feet and includes a large open-plan living, dining room and kitchen area with a fireplace, a rooftop deck and an expansive pool deck with spaces for outdoor dining and sunbathing. The kitchen has slab stone counters and glass pocket doors that open to the pool. A wood-and-glass staircase leads to the main bedroom suite, which has a private balcony. There is also a one-bedroom guesthouse on the property.

Ms Anderson, who in recent years has appeared on reality television shows like “Dancing with the Stars,” noted that the property was inspired by some of California’s best known Modernist architecture, such as the Case Study Houses, experimental, modern homes designed by architects like Richard Neutra.

“I love a vintage edge/pop art sensibility and I’m an activist so it is 100% sustainable Teak that is also ‘nonconflict’ flown in from Burma,” Ms Anderson said in her comments. “I must have paid $1 million just in materials for siding. I don’t like orange—so we bleached and waxed—the finish is more blonde.”

Some of her favourite features of the property include the guesthouse, which she said has “the most beautiful view,” and the reflective mosaic tiles in the pool. Her bedroom, she said, is “just the most sensual and clean space” with a bathtub in the room and a sauna attached. Ms Anderson also installed solar panels on the property and planted an irrigated vegetable garden.

Ms Anderson, 53, said she left Canada in her early 20s to work with Playboy and is now selling to go back to her roots. She recently married her onetime bodyguard Dan Hayhurst, and the two plan to live on her ranch on the water on Vancouver Island, she said. That property was owned by her late grandmother.

“When she passed, I just let it go for 20 years while I worked and travelled,” Ms Anderson said. “I have spent the last year here renovating, landscaping, creating gardens so that we can live sustainably. Greenhouse, potter’s wheel, canning pickles and beets. I’m creating my life here now again where it all started.”

“I made it home in one piece, a miracle. I’m a lucky girl,” she said.

Tomer Fridman of the Tomer Fridman Group has the Malibu listing.

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House values continued to fall last month, but the pace of decline has slowed, CoreLogic reports.

In signs that the RBA’s aggressive approach to monetary policy is making an impact, CoreLogic’s Home Value Index reveals national dwelling values fell -1.0 percent in November, marking the smallest monthly decline since June.

The drop represents a -7.0 percent decline – or about $53,400 –  since the peak value recorded in April 2022. Research director at CoreLogic, Tim Lawless, said the Sydney and Melbourne markets are leading the way, with the capital cities experiencing the most significant falls. But it’s not all bad news for homeowners.

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 percent,” he said. “That has now reduced by a full percentage point to a decline of -1.3 percent in November.  In July, Melbourne home values were down -1.5 percent over the month, with the monthly decline almost halving last month to -0.8%.”

The rate of decline has also slowed in the smaller capitals, he said.  

“Potentially we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls,” Mr Lawless said. “However, it’s fair to say housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.” 

The RBA has raised the cash rate from 0.10 in April  to 2.85 in November. The board is due to meet again next week, with most experts still predicting a further increase in the cash rate of 25 basis points despite the fall in house values.

Mr Lawless said if interest rates continue to increase, there is potential for declines to ‘reaccelerate’.

“Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire,” Mr Lawless said.

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