Kevin Garnett's former Malibu mansion lists for $48m after massive makeover
A Malibu mansion formerly owned by NBA star Kevin Garnett has been listed for $48 million after a complete renovation. The property, which saw a tumultuous history of unfinished construction and legal disputes, was finalized by developer Vladimir Valsky.
Why it matters
The sale highlights the high-end luxury real estate market in California and the complex nature of property development involving celebrity-owned assets.
NBA legend Kevin Garnett’s former Malibu property is back on the market for $48 million, more than two decades after he purchased the prime Pacific Coast Highway estate for $6.4 million. The sprawling property, which Garnett acquired in 2003 during his Minnesota Timberwolves career, has since undergone a major transformation and is now being offered as a completed luxury residence.According to property records cited by Mansion Global, Garnett purchased the Malibu estate in 2003. The property overlooks the Pacific Ocean and sits directly above Escondido Beach, spanning nearly seven acres across three parcels.Kevin Garnett bought the Malibu property for $6.4 million in 2003After purchasing the property, Garnett demolished the existing Mediterranean-style home and began developing a custom mansion. However, the project remained unfinished during his ownership.Garnett eventually sold the partially completed property in 2021 for $16 million to developer Ando Hacopian of Hacopian Design & Development Group.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in