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Wednesday, August 17, 2011

Malibu home may be the priciest sold at auction

The 4,500-square foot oceanfront patio holds an outdoor kitchen and a 75 foot two-lane lap pool ? the biggest ever permitted to be built in Malibu.What is the starting bid for the house once asking $65 million? A more modest $22 million. Even so, in auction terms that means a new record.




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