A sprawling 17,700-square-foot blufftop estate in Point Dume, Malibu — known as Venezia Pacifica — is hitting the market at $90 million, making it one of the most ambitious luxury listings on the Southern California coast. The nine-bedroom mansion sits on a 1.16-acre cul-de-sac lot with 176 feet of Pacific bluff frontage, offering views over one of the best surf breaks in the region.
The property was built by real-estate developer Ken Harges and his wife Lorelei, who bought the land for just $1.7 million in 1988 and completed construction in the early 1990s. Ken, who grew up poor in rural Tennessee and joined the Marines out of high school before building a plaster business and pivoting to real estate development, drew design inspiration from Italian travels — reflected in the home's symmetrical floor plan, classical columns, coffered ceilings, and a two-story ballroom with a barrel-vaulted glass ceiling. A glass elevator clad in decorative ironwork serves as a centerpiece, and a roughly 9,500-square-foot underground garage can accommodate 20 vehicles. The primary suite features motorized clothing carousels.
The estate has a notable pop-culture footprint: it served as a filming location for the 1993 Arnold Schwarzenegger vehicle "Last Action Hero," the 1999 comedy "Austin Powers: The Spy Who Shagged Me," and the TV drama "The O.C." Ken died in 2016, and his daughters Bonnie Furgurson and Wendy Geweke are now involved in the sale through listing agent Chris Cortazzo of Compass.
The listing arrives as the broader LA luxury market remains choppy, but Point Dume is showing unusual strength. The neighborhood's median sale price for the three months ending May 31 hit $14 million — more than double the same period a year earlier — and a nearby multi-parcel property near Little Dume Beach sold for $80 million last year, signaling robust demand at the ultra-high end.
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