Supermodel Cindy Crawford and her husband, businessman Rande Gerber, appear to have the model down for home-flipping.
A year ago they more than doubled their investment on a traditional-style home in Malibu. Now the couple is looking for a big score, listing a compound in the Encinal Bluffs area for $60 million — $8.5 million more than what they paid for it a year ago.
Set on a bluff of roughly 3.2 acres, the gated estate has a tennis court, park like grounds and a footpath to the beach below.
The Mediterranean-style main house, built in 1944 and newly renovated, is designed for indoor-outdoor living and has walls of glass that open to ocean-facing, wrap-around decks.
Living and dining rooms, a media room and a chef’s kitchen with a large island and a breakfast bar are within nearly 5,300 square feet of living space. The ocean-view master suite has a fireplace, a separate sitting area and his and her’s bathrooms for a total of four bedrooms and 5.5 bathrooms.
A swimming pool and spa, an outdoor pavilion, lawns and mature landscaping complete the coastal setting.
Christopher Cortazzo of Coldwell Banker and Kurt Rappaport of Westside Estate Agency hold the listing.
The 50-year-old Crawford took to modeling in her teenage years and has appeared on hundreds of magazine covers. Her life story, “Becoming,” was released last year.
Gerber, 54, is a former model and a nightlife industry businessman. He co-founded the tequila brand Casamigos with actor George Clooney.