Cindy Crawford goes for nearly triple price on 11-month Malibu home flip
Less than a year ago, supermodel Cindy Crawford and her husband, Rande Gerber, bought a dated rancher on an acre and a half in Malibu for $6 million.
Conventional wisdom declared the 1958 house a teardown. But they must have decided its bones were good enough, because they decided to go the remodel route instead.
Just 11 months later, the house is already back on the market, with mostly the same numbers that were reported last year: current listing still says the house was built in 1958, and it still notes the exact same square footage — 3,651 — as last year's listing. It still has 4 bedrooms and 4 (and a half) bathrooms.
One number, however, has changed a lot. The asking price is almost triple last year's, at $15,450,000.
As with so many Hollywood-style makeovers human and architectural, the interiors are for all intents and purposes unrecognizable. Where once you had wall-to-wall carpeting, now you have wide wood planks topped with sisal rugs. Where once you had half-walls and step-down rooms, now you have wide-open living. Most dramatic of all, the house has been utterly opened to the sea air, with retractable walls of glass seemingly everywhere.
Incidentally, this home is roughly across the street from Julia Roberts' Malibu mansion -- and just down the street from Sean Penn's "Fast Times"-meets-"Dead Man Walking" hacienda, for which he's asking $6,550,000. (It's not as close to the beach, though.)
Also on Yahoo Homes:
• Sean Penn's part-surfer-dude, part-psycho house for sale (17 photos)
• Kevin Durant sells Miami penthouse for double what he paid (24 photos)
• Michael Jordan takes yet another shot at selling half-price mansion (33 photos)
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