33602 Pacific Coast Hwy, Malibu, CA
6 Bed | 8 Bath | 6,451 sq. ft. | 0.70 acres
The iconic Wave House in Malibu, a symbol of Southern California’s coastal charm and surf heritage, has recently changed hands in a high-profile sale. Supermodel Karlie Kloss and her husband, venture capitalist Joshua Kushner, have acquired this architectural marvel for $29.5 million, marking its first ownership change in 37 years.
The Wave House: A Surfing-Inspired Masterpiece
Set within a cove in western Malibu, the Wave House is a 6,200-square-foot oceanfront property that has graced the coastline since 1963. Designed by late architect Harry Gesner in the 1960s, the house’s unique structure was inspired by the shape of cresting waves.
Gesner, a lifelong surfer, famously sketched the original design on his surfboard while sitting in the ocean. This unconventional approach resulted in a home that seamlessly blends with its surroundings, embodying the spirit of California surf culture.
A Star-Studded History
The Wave House has a rich history of notable owners. Originally built for Gesner’s friend and fellow surfer Gerry Cooper, it later became home to rock legend Rod Stewart in the 1970s. In 1987, record executive Mo Ostin, known for his leadership at Warner Bros. Records, purchased the property and owned it until this recent sale.
The New Owners: Karlie Kloss and Joshua Kushner
Karlie Kloss: From Runway to Tech Advocate
Karlie Kloss rose to fame as a fashion model, gracing the covers of numerous magazines and walking the runway for top designers. Her career highlights include being a Victoria’s Secret Angel and hosting Project Runway. However, Kloss has expanded her influence beyond the fashion world. She founded Kode with Klossy, a coding camp for girls, demonstrating her commitment to empowering young women in technology.
Joshua Kushner: Venture Capital Success
Joshua Kushner, brother of former President Donald Trump’s son-in-law Jared Kushner, has made his mark in the world of venture capital. As the founder of Thrive Capital, he has backed some of the most successful technology companies of the past decade, including Instagram, GitHub, and Spotify. His keen eye for promising startups has contributed significantly to his wealth and reputation in the tech industry.
A Growing Real Estate Portfolio
The Wave House is the latest addition to Kloss and Kushner’s impressive real estate holdings. The couple also owns a 15,000-square-foot mansion in Miami, purchased for $21.5 million, and a 7,200-square-foot penthouse in New York City, acquired for $35 million. These properties reflect their status as power players in both the fashion and tech industries.
The Sale
The Wave House was initially listed for $49.5 million in June 2023. The final sale price of $29.5 million on August 26, 2024, while significantly lower than the asking price, still represents a substantial investment in one of Malibu’s most recognizable properties.
Preserving an Architectural Legacy
As Kloss, 32, and Kushner, 39, take ownership of the Wave House, they inherit not just a property but a piece of architectural history. The home’s unique design, which has captivated onlookers for decades, is a modernist icon and a famous landmark perched in a cove on Malibu’s coastline that stands as a testament to the enduring appeal of its innovative, nature-inspired architecture and a reflection of the seaside setting that surrounds it.
The purchase of the Wave House by Karlie Kloss and Joshua Kushner brings together the worlds of high fashion, technology, and iconic architecture. As they make this Malibu landmark their vacation home, they continue a legacy of notable ownership while adding their own chapter to the story of this remarkable property.
Wave House – 33602 Pacific Coast Hwy in Malibu, CA was sold for $29,500,000 USD on Aug 26, 2024 – Zillow
