Shoring up his own financial house, Ryan Kavanaugh, the founder of financially troubled film studio Relativity Media, has sold the beachfront retreat in Malibu he owned through a trust for $8.75 million.
He spent $7 million six years ago for the La Costa Beach showplace contemporary, which was built in 1955 but has been extensively updated to incorporate stone, wood, custom tile and glass doors. Beyond the gated entrance on the street side is a garden leading to the front door.
Inside, open-plan living and dining areas are set off from the kitchen by a large center island.