A little over a year after it debuted on the market with a nearly $50 million price tag, an eye-catching oceanfront beach house in western Malibu has officially sold.
According to The Wall Street Journal, the buyers are Joshua Kushner and Karlie Kloss—Kushner, a venture capitalist and the brother of Jared Kushner, former President Donald Trump’s son-in-law, and Kloss, a model and founder of a coding camp for girls. The couple purchased the property for $29.5 million, which was previously owned by the late, legendary record executive Mo Ostin. Initially listed for $50 million in June 2023, the asking price was later reduced to $42.5 million before the couple acquired it at a significant discount.
Designed in the early 1960s by the self-taught and imaginative midcentury architect Harry Gesner for surfers Gerry and Glenn Cooper, the Wave House sits on a 0.7-acre beachfront parcel in a secluded cove. The home is distinguished by its jagged, undulating roofline that mimics cresting waves and hand-cut copper shingles reminiscent of fish scales. Viewed from above, it also resembles a sea turtle.
Inside, the 6,400-square-foot residence features six bedrooms and eight bathrooms, with bleached hardwood floors, vaulted ceilings with whitewashed beams, and extensive glass windows. It includes three circular wraparound decks and a detached garage/guesthouse. The two-story home, featured in several advertising campaigns and the 2019 film Yesterday, and once occupied by British pop star Rod Stewart, offers three large oceanfront living areas on the main level, including one with a massive fireside conversation pit, and a beachfront primary suite with a hot tub and sauna. The upper level houses five additional bedrooms spanning the full width of the property.
The WSJ notes that this purchase adds to Kushner and Kloss’s extensive property portfolio, which includes a $21.5 million mansion in Miami and a $35 million penthouse in New York City’s Nolita neighborhood. The listing was handled by Chris Cortazzo and Zen Gesner of Compass, Dena Luciano of Douglas Elliman, and Drew Fenton of Carolwood Estates; Cortazzo also represented the buyers.
