Now that Catherina Gores has had some time to settle into her new $25 million mansion in the Los Angeles neighborhood of Pacific Palisades, the 26-year-old daughter of billionaire investor and Detroit Pistons owner Tom Gores has decided to hoist her other residence in the exclusive gated Malibu Colony enclave up for sale.
The co-founder of the nonprofit group EpiPals is asking $26.5 million for the oceanfront digs, which she acquired from the late Seinfeld executive producer George Shapiro a little less than two years ago, paying a speck under $17 million.
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Built in the early 1990s, previously decorated by Barack Obama’s White House designer Michael S. Smith and updated during Gores’ tenure, the wood-sided structure features four bedrooms and six baths filtered across nearly 5,000 square feet of living space boasting hardwood floors throughout. The place—which also is available for lease at $145,000 per month—comes complete with an attached two-car garage and wide driveway in the front, plus easy access to the beach out back.
A doorway next to the garage leads into the ground floor of the three-story home, which is spotlighted by a living room displaying a fireplace flanked by built-in arched bookshelves, as well as French doors spilling out to a patio ideal for al fresco lounging and entertaining with a hot tub and built-in barbecue. An adjacent kitchen sports a butcher block-topped island with a wine cooler, top-tier Wolf appliances and a spacious dining area.
Upstairs, a spacious master retreat has a slender balcony overlooking the ocean, along with a spa-inspired bath hosting a dressing area, freestanding soaking tub and glass-encased shower; and though compact at well under a quarter-acre, the backyard does include the aforementioned patio space, which steps up to wood deck offering direct beach access.
Tom Gores, founder of Platinum Equity, has clearly passed down his love of real estate to his daughter. The 59-year-old’s $250 million property portfolio includes lavish homes in Holmby Hills, Malibu, Beverly Park and his native Michigan, where the Gores family still frequently vacations. Per Forbes, his estimated net worth is $8.1 billion.
Click here for more photos of Catherina Gores’ Malibu Colony retreat.
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