This property is on the market for $40,000,000, listed with The Agency. 

An oceanfront Malibu mansion by the Rosewood Miramar Beach resort developer, Rick Caruso is up for grabs. 

Said to be the testing grounds for the design of the iconic Montecito hotel, Miramar House was custom-built by Caruso in the Cape Cod architectural style in 2008, when he purchased the oceanfront home for $11.3M. 

He rebuilt the 5 bedroom beach house back up from the studs, and gave the 7,264 square foot property a new life with black-and-white marble-tiled floors and a monochrome palette accentuating its classic beauty. 

Featuring a winged-design, the property encapsulates a luxurious courtyard terrace with a pool, lounge and wet bar. 

The heart of the home is designed for indoor-outdoor living, with walls of sliding doors opening out to the expansive hardwood deck, with spectacular Pacific Ocean views and a retractable black-and-white striped overhang to provide shade. 

The luxurious 5-bedroom, 8-bathroom residence (with a master suite featuring its own oceanfront balcony) is considered to be one of the best beach houses in Malibu. 

Miramar House is situated on its highly coveted La Costa Beach with direct beach access.

All photos belong to the listing agency.