By Claudine Zap
Smize! The supermodel and real estate tycoon Tyra Banks has reportedly snapped up a Malibu beach house, according to Variety. The purchase must have her smizing, as in, “smiling with her eyes,” a term she invented.
The television personality and home flipper must have flipped for the property, splashing out $4,717,555 for the oceanfront contemporary.
The savvy businesswoman managed to chip away at the asking price, which was $5.5 million when it debuted on the market in November 2020. No doubt she’ll use the discount to budget for a home makeover of the 1980s-era abode, which is in need of refreshing.
As beach pads go, this one certainly makes waves. The four-bedroom, four-bathroom, two-story home right on the Malibu coastline offers awe-inspiring views of the Pacific.
The entrance features a soaring, two-story atrium topped with a skylight, allowing sunlight to pour in to the open floor plan. The layout features an open kitchen with dizzying gridlike tiles on every surface, and features an island and room for a breakfast table.
In addition, the 4,000 square feet of living space include a den, a bar, and laundry units in the kitchen, the listing notes. A mix of Mexican tile and wood floors run throughout the main level.
The kitchen adjoins a more formal dining room. Just adjacent, the sunny, sunken living room includes a fireplace with a brick surround, built-ins, and glass doors that open to the deck.
Upstairs, the master bedroom includes a fireplace, deck access, walk-in closet, and a bathroom, with more gridded tile covering the counters and even the tub surround.
Multiple decks take full advantage of the water views on all levels, including the roof. A two-car garage completes the property.
The co-host of “Dancing With the Stars” is no stranger to real estate deals. As we’ve reported in the past, Banks has multiple land holdings.
Her transactions have mostly focused on the posh Pacific Palisades area, where she owns a modern, $7 million contemporary home that she purchased in 2018.
The five-bedroom home offers views of the Pacific Ocean and the Palisades upscale shopping and dining district below. The space includes a backyard with pool, as well as balconies on every level, including a roof deck with a hot tub.
In 2019, Banks scooped up a Pacific Palisades traditional for a little over $3 million, which she had planned to transform into a modern farmhouse-style beach cottage.
However, without refurbishing the dated domicile, she recently sold it for $3.2 million, Variety reported. Perhaps her makeover efforts will now be focused on the Malibu home instead.
Banks has also held on to a swanky New York City condo that she picked up for $10.1 million in 2009, and remodeled at a cost of millions. Located in Battery Park City, the two-floor, 7,000-square foot spread is made up of four adjoining units.
Although she did test out the NYC market with a $17.5 million price tag on her place in 2017, the mansion-sized duplex has since been taken off the market.
We can see why it’s a keeper: The five-bedroom, eight-bathroom residence offers superstar amenities, including a hair salon, a gym, a 360-degree mirrored dressing room, staff quarters, and Hudson River views.
When not trading in real estate, the creator of “America’s Next Top Model” recently founded a premium ice cream brand, SMiZE Cream.
Jonathan Macht with Coldwell Banker Realty represented the seller. James Respondek with Sotheby’s International Realty represented the buyer.