A mansion sitting on Malibu beachfront has sold for $120 million - a record for Los Angeles County.
It's believed the buyer is a Canadian billionaire and owner of the Edmonton Oilers ice hockey team, Daryl Katz.
The pricey pad was designed by architect Scott Mitchell.
The Malibu home belonging to Kurt Rappaport, co-founder and CEO of Westside Estate Agency, has sold for $120 million
Kurt Rappaport, left, has sold his seven-bedroom Malibu mansion to Canadian billionaire Daryl Katz for $120m, pictured, right
Rappaport, 46, acquired the land in 2007 for $6.8 million, records show, and drafted architectural designer Scott Mitchell to design and build the home, which was completed in 2012
The 15,000-square-foot house has a home theater, an adjacent pavilion containing two guest suites
Beautifully manicured lawns line the backyard of the home which sits atop a bluff overlooking the Pacific Ocean
The home was formerly owned by Kurt Rappaport, the co-founder and CEO of Beverly Hills-based Westside Estate Agency.
The house was sold in an off-market deal and even includes the contents of the home which includes artwork by Damien Hirst, Ed Ruscha and Sterling Ruby.
The $120million price tag gives the new owner six acres of land set atop an ocean bluff.
It comes with seven bedrooms, 10 bathrooms, a screening room and a gym.
The cost smashes a previous record also set by Rappaport who brokered the sale of David Geffen’s Malibu compound for $85 million last May.
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The Canadian buyer is reportedly paying $85 million for the home and coughing up an extra $35 million for the contents too, bringing the transaction total to a record-breaking $120 million
Slick lines and wooden floors give the entire home a clean and sophisticated look with plenty of natural light
You'll hear visitors to the home pull up with this gravel drive - although there are some mighty gates to pass through first!
The home offers privacy behind the concrete walls which appear to have no windows either
The home has a 168-foot-long infinity pool which is said to be the longest residential swimming pool in California
The purchase of the home sets a new Malibu sales record and is the most expensive home sold in Southern California
Rappaport bought the Malibu land for this most recent sale for $6.8 million in 2006 but it took another six years before the 15,000-square-foot dream home was completed.
The house comes with a 168-foot-long infinity pool and holds the record of being the the longest residential pool in California.
Also worth noting, there is a second property on the market nicknamed Malibu Beach Modern which is nestled at the bottom of the main residence.
The home was listed on Monday for a cool $12million. Rappaport also bought this home a few years ago to be used as the Beach house or guest house for the record-breaking main estate above, that just sold.
Also worth noting, there is a second property on the market which is nestled at the bottom of the main residence, pictured
The home was listed on Monday for a cool $12million. Kurt Rappaport also bought this home a few years ago
The home which offers stunning ocean views was supposed to be used as the Beach House or guest house for the main estate
The house offers clean cool lines with stunning views of the surf. There is plenty of natural light thanks to balcony windows
Imagine falling asleep on this comfy king size bed as you drift off to the sounds of waves crashing over nearby rocks
There's plenty of comfy seating in this bedroom both on and off the bed, or outside on the veranda
The home went on the market for the very first time on Monday and is sure to be snapped up soon
There is a definite lean towards all-things-natural with plenty of white walls and cool refreshing breezed flowing through
The dark grey appearance of the kitchen makes a change from the otherwise 'whiteness' of the rest of the home
The new owner will just be a few short steps from the golden sands of one of the state's most famous beaches - Malibu beach
Every day might seem like a vacation living at this beach front property with chair and tables to enjoy the outdoors
Everything about the house reeks 'California Cool' from the beautiful tiles in the bathroom to the relaxing outdoors area
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