MALIBU (CelebrityAccess) — Live Nation CEO Michael Rapino and his wife, actress Jolene Blalock have reportedly settled into comfortable new digs in Malibu.
According to the Los Angeles Times, a trust associated with the couple dropped a cool $11 million for a posh beachfront contemporary which had been on the market for just three weeks.
Per the Times, the 3,305 square property featured an open floor plan with beamed ceilings and wall-to-wall glass overlooking the ocean.
The house includes a master suite with a walk-in closet and two other bedrooms. The property also features a detached guesthouse and a courtyard for entertaining, the Times reported.
Records show the home last sold three years ago for $7.7 million.