Instead of building a 10,000-square-foot dream house, talent mega-agent Michael Ovitz has hoisted three contiguous Malibu parcels on the market for $29.5M. The listing is one of the priciest pieces of vacant land in the country, and the story is particularly fitting because Ovitz has been part of a massive petition against the massive homebuilding efforts of a Saudi prince. [The Real Estalker; Curbed LA]
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