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Location: Malibu, Calif.
The Skinny: Former Yahoo! CEO Terry Semel earned plenty of criticism from shareholders for the excessive compensation he received during his tenure as the company's chief and now we know where some of it went: to a Michael Graves-designed waterfront mansion on Malibu's Carbon Beach, colloquially known as "Billionaire's Beach." It will take a billionaire's budget to secure the 10,300-square-foot spread, with nine bedrooms, 13 baths, and 151 feet of beach frontage. Completed in Graves' usual combination of "modernism and classicism," the compound includes a "screening pavilion," a detached, barrel-vaulted structure that would be perfect for a wealthy Hollywood exec.
· 22314 Pacific Coast Highway [Hilton & Hyland]