Howard Marks House: A Collection of Unique and Luxurious Homes

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Two Pillows on White Leather Fainting Couch
Credit: pexels.com, Two Pillows on White Leather Fainting Couch

Howard Marks' home is a collection of unique and luxurious homes that showcase his impeccable taste and style. The estate is located in Bel Air, California, and spans over 20,000 square feet.

With its sleek and modern design, the house features six bedrooms, a private movie theater, and a state-of-the-art gym. The estate also includes a private tennis court and a swimming pool.

One of the most impressive features of the house is its unique architecture, which blends seamlessly into the surrounding landscape. The property is surrounded by lush greenery and offers breathtaking views of the surrounding hills.

The interior of the house is just as impressive, with high-end finishes and designer furnishings throughout. From the marble floors to the custom cabinetry, every detail has been carefully considered to create a truly luxurious living space.

Luxury Real Estate

Howard Marks' luxury real estate portfolio is a testament to his wealth and taste. He paid $23.7 million for an 8,800-square-foot Beverly Hills mansion with nine bedrooms, 12 bathrooms, and a four-car garage on 1.23 acres.

Credit: youtube.com, Oaktree's Marks Sees 'Pain' Ahead for PE and Real Estate

The mansion was designed in 1932 and features a Mediterranean-style architecture. The upstairs level has a master bedroom with an en-suite office or nursery and three bedrooms, all with balconies overlooking the backyard and the pool.

Marks' new home is located at 910 Foothill Road in Beverly Hills. The listing agents were Jeff Kohl and Mauricio Umansky, both of the high-end Los Angeles real estate firm The Agency.

Marks' Manhattan apartment is a record-breaking $52.5 million purchase, a sprawling 30-room co-op at 740 Park Avenue. The apartment spans two stories and includes two libraries, eight bedrooms, 10 bathrooms, six terraces, and a dining room.

The maintenance alone for the apartment is a head-spinning $412,000 a year. The board of 740 Park is legendary for being one of the toughest in New York City, rejecting high-profile people like Barbara Streisand and billionaire investor Nelson Peltz.

In addition to his Beverly Hills and Manhattan properties, Marks also owns a $29.2 million beach house in Malibu, a 5,525 sq. ft. pad on Broad Beach that looks like a cross between a Connecticut Colonial mansion and a midcentury Golden Age power residence.

Record-Breaking Manhattan Apartment

Credit: youtube.com, Manhattan Apartment Becomes Most Expensive Home Sold In U.S.

The record-breaking Manhattan apartment sold for a staggering $52.5 million, a new record for a co-op sale in the city.

The buyer, Howard Marks, will be moving into the 740 Park Avenue co-op with his wife, Nancy, and will enjoy sprawling city views from the six terraces and a dining room.

The apartment spans two stories and 30 rooms, including two libraries, eight bedrooms, and 10 bathrooms.

The maintenance alone is a head-spinning $412,000 a year, which is a significant expense for any homeowner.

The board of 740 Park is notorious for being one of the toughest in New York City, rejecting high-profile people like Barbara Streisand and billionaire investor Nelson Peltz.

Howard Marks, the founder of Oaktree Capital, has made a fortune in the real estate industry and will be joining a list of notable neighbors, including Stephen Schwarzman and Ronald Lauder.

The previous record for a co-op sale was $48.8 million in 2008, making this sale a significant milestone in the luxury real estate market.

This sale comes on the heels of another record-breaking individual transaction by Russian billionaire Dmitry Rybolovlev, who bought a New York City penthouse for his daughter for $88 million earlier this year.

Beverly Hills Estate

Credit: youtube.com, Top 10 Best Mansion Tours in Beverly Hills - Luxury Real Estate

Howard Marks, a billionaire investor, has purchased an 8,800-square-foot Mediterranean-style mansion in Beverly Hills for $23.7 million.

The home was designed in 1932 and features nine bedrooms, 12 bathrooms, and a four-car garage on 1.23 acres.

The master bedroom has an en-suite office or nursery and three bedrooms, all with balconies overlooking the backyard and pool.

The property was previously owned by the producer of "The Sonny and Cher Show".

The sale closed in mid-April and was listed by Jeff Kohl and Mauricio Umansky of The Agency.

Malibu Beach House

Howard Marks, co-founder of Oaktree Capital Management, recently purchased a stunning beach house in Malibu for $29.2 million.

The 5,525 sq. ft. property boasts an unusually generous 1.06-acre size, making it a rare find in this neck of the woods.

The house has four bedrooms and six bathrooms, offering ample space for relaxation and entertainment.

A cobblestone drive, gates with lighthouse-capped pilasters, and a complex roofline capped with slate panes set the tone for the home's architecture and interiors.

Credit: youtube.com, Inside a $100,000,000 Oceanfront Mansion in Malibu, California

The exterior is adorned in a soft custard yellow, with white trim and a gated white picket fence adding a touch of classic charm.

Inside, the house seamlessly blends farmhouse and beach house styles, featuring plank ceilings, exposed beams, and warm off-white paint.

A kitchen in original Saltillo tile is a standout feature, offering a unique and rustic touch.

The living room boasts a one-of-a-kind fireplace, combining fieldstone and brick with a rough timber mantel.

Marks' net worth is north of $2 billion, making him one of the wealthiest individuals in the world.

Ballynacally Cottage

Ballynacally Cottage is a property with a rather infamous past. It was once used as a safehouse by notorious drug smuggler Howard Marks, also known as 'Mr. Nice'.

Located in the quiet village of Ballynacally, this cottage was one of the many stopovers for Marks' illicit activities. He used it to hide large shipments of cannabis, including one consignment of 200 pounds of Afghani hashish.

The cottage's remote location made it an ideal spot for Marks' operations, with little to no passing traffic. He even employed a guard to watch over the property.

Marks' involvement with the cottage dates back to the 1970s, when he first used it as a hideout.

Frequently Asked Questions

What does Howard Marks invest in?

Howard Marks invests in a diverse portfolio of companies, including TORM PLC-A, Chesapeake Energy Corp, Garrett Motion Inc, Sitio Royalties Corp-A, and Infinera Corp. His top holdings include a mix of energy, industrial, and technology sectors.

Is Howard Marks a CFA?

Yes, Howard Marks is a CFA charterholder. He has earned the prestigious CFA designation, a mark of expertise in investment analysis.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

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