In a transaction that underscores the allure of Malibu’s most iconic residences, supermodel Karlie Kloss and her husband, venture capitalist Joshua Kushner, have acquired the famed Wave House, a property once owned by music legend Rod Stewart. This stunning midcentury-modern estate was purchased for $29.5 million, as reported by the Wall Street Journal. Originally listed for $49.5 million last June, the sale represents a significant moment in the luxury real estate market.
The Wave House, an architectural marvel designed in the 1950s by the visionary Harry Gesner, is renowned for its distinctive wave-like design. Gesner, an architect celebrated for his innovative and daring creations, famously conceived this home while floating on the ocean in front of the site, sketching its plans from his surfboard. The property’s unique design is said to have been a source of inspiration for the Sydney Opera House, adding to its historical significance.
Spanning 6,200 square feet, this estate is not only an architectural masterpiece but also a luxurious retreat. The property boasts six bedrooms, eight bathrooms, and a series of features that make it one of California’s most recognizable homes. Among its many amenities are a beach-facing primary suite complete with a sauna, three vaulted “public rooms,” a cozy conversation pit, a hot tub, and a central fireplace that serves as a focal point of warmth and gathering.
In addition to the main residence, the property includes a separate structure currently serving as a garage and guest house, offering versatility and additional space for visitors or personal use. The hand-cut copper shingle-topped facade enhances the property’s unique charm, making it a true work of art in the realm of residential design.
The Wave House has had a distinguished line of previous owners, including the legendary Rod Stewart and, more recently, Mo Ostin, a revered figure in the music industry known for his leadership at Warner Bros. Records, where he signed iconic artists like the Kinks and Jimi Hendrix. Ostin’s passing in 2022 at the age of 95 led to the sale of this extraordinary property by his estate.
Representing this prestigious listing were Dena Luciano of Douglas Elliman, along with Chris Cortazzo and Zen Gesner—son of the architect Harry Gesner—of Compass, and Drew Fenton of Carolwood Estates. Luciano aptly described the property as “awe-inspiring,” noting its capacity to evoke a deep sense of relaxation while standing as a testament to Gesner’s artistic vision and enduring appeal in the world of luxury real estate.
For those who appreciate the intersection of architectural brilliance and serene coastal living, The Wave House remains a beacon of Malibu’s unparalleled beauty and history.