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Location: Malibu, Calif.
The Skinny: Behind an automatic gate on Malibu's traffic-choked Pacific Coast Highway, down a driveway lined with palms, nestled amid lush landscaping, lies one of this famed coastline's least architecturally impressive homes. Sure, by the numbers it's pretty impressive—with 3,300 square feet, four bedrooms, and five bathrooms—but the clapboard contemporary look isn't doing the place any favors. So, why the $15.8M price tag? Try sweeping ocean views and a deep 2.8-acre lot that keeps the auto noise at bay. The expansive patios edged with frameless glass, spacious Viking-equipped kitchen, and a private set of stairs to the beach can't hurt, but this mansion is all about location, location, location.
· 32860 Pacific Coast Highway [Coldwell Banker]