The estate features a gated courtyard entry that leads to a two-story atrium with windows that fill the space with natural light. The 4,000-square-foot abode features a den, a bar and laundry units in the open-layout kitchen, which comes complete with a large island in an '80s style, with tan ceramic tile counters, plain oak cabinets and seemingly average-grade appliances. There is also room for a breakfast table.
Connected to the kitchen is a formal waterfront dining room. Around the corner sits a bright living room with a large brick fireplace and glass doors for easy access to the deck.
The master bedroom lies on the second floor and features a fireplace, a walk-in closet with a skylight, and a full bathroom covered in magnificent tiles to match the kitchen. Still, te best feature is the ocean-facing terrace.
Banks is anything but short on seaside views. There's more than one deck on the property, including one on the roof. The home comes with a two-car garage, but there is enough space to park five vehicles on the grounds, a rarity in Malibu.
The property was originally listed at $5.5 million in November 2020, but her negotiation skills came in handy. The estate was listed by Jonathan Macht of Coldwell Bank Reality, while Banks was represented by James Respondek and Heidi Lake with Sotheby’s International Realty.
Banks is quite the real estate extraordinaire, having recently sold an older residence in the Pacific Palisades for $3.253 million. She retains ownership a different property in that region, purchased at $7 million. She also owns a 7,000-square-foot duplex in New York City's Battery Park which sge bought for more than $10 million in 2009. It was briefly listed for over $17.5 million, though it was taken off the market before it was sold.
Read more about Banks and her new home and see pictures of the property via Realtor.com.