Iconic ‘Wave House’ on Malibu shoreline sold for $29.5M. Who joins notable list of owners?
The “Wave House” — one of the most iconic homes on the California coast — has a new owner for the first time in more than three decades.
Designed by the late architect Harry Gesner, an avid surfer, the home was originally listed in 2023 for $49.5 million. The Wall Street Journal was the first to report that U.S. businessman Joshua Kushner and his wife, model Karlie Kloss, paid $29.5 million for the house that was designed to look like a giant cresting wave.
Gesner sketched plans for the Malibu home after paddling out to the surf break in front of the property.
Gesner designed the house for his friends and fellow surfers Gerry and Glenn Cooper. The home was recently owned by Mo Ostin, a longtime music executive with Warner Bros. Records, according to public records. Ostin is known for signing Jimi Hendrix, The Kinks, Prince and Madonna to record deals. He died in 2022.
Before Ostin, Rocker Rod Stewart owned the property, according to a representative for Douglas Elliman and media reports.
The residence (33602 Pacific Coast Highway, Malibu, CA) spans 6,451 square feet with six bedrooms and eight bathrooms on a .7-acre lot. The interior is centered around a round, sunken conversation pit in the main living space with a fireplace at its center. There’s a detached guesthouse on the property.
“The house ... exudes a Mid-century Modern aesthetic throughout emphasizing open space and natural light,” according to the property listing. “Tucked into a hidden cove in western Malibu, the home commands majestic views of the ocean waves, distant islands and surrounding landscape.”
According to the listing, the residence is divided into two distinct parts: “Three enormous oceanfront vaulted public rooms and a stunning beachfront primary suite with hot tub and sauna, plus a five-bedroom upper level that stretches the width of the property to offer ocean views from nearly every room.”
Architectural elements of the home include enormous beams, wood-plank ceilings, hardwood floors and walls of glass capturing the unobstructed ocean view. Three wraparound decks take on the shape of the incoming surf.
“Even the shape of the hand-cut copper shingles that cover the roof resemble the scales of a fish,” the listing stated. “Providing the very essence of coastal living, the home features an expansive, landscaped entry patio, plus wide, semicircular decks for dining, entertaining, lounging, and sea and stargazing.”
The design was highly praised by architect Jørn Utzon, whose Sydney Opera House is reminiscent of Gesner’s Malibu masterpiece.
Dena Luciano of Douglas Elliman, Zen Gesner and Chris Cortazzo of Compass and Drew Fenton of Carolwood Estates were the listing agents.
Kushner is the brother of former President Donald Trump’s son-in-law Jared Kushner. He is the founder of venture-capital firm Thrive Capital.
