Joshua Kushner and Karlie Kloss Scoop Up Harry Gesner’s Wave House in Malibu

A little over a year after it first splashed onto the market with a nearly $50 million price tag , a particularly eye-catching oceanfront beach house in the western reaches of Malibu has officially sold.

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As first reported by The Wall Street Journal , the buyers are Joshua Kushner and Karlie Kloss—he a venture capitalist and the brother of former President Donald Trump’s son-in-law Jared Kushner, and she a model and founder of a coding camp for girls—who doled out $29.5 million for the property, which was previously owned by the late and legendary record executive Mo Ostin . After popping up for sale in June 2023, the ask was reduced to $42.5 million before going to the couple at a substantial discount.

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Designed by self-taught and wildly imaginative midcentury architect Harry Gesner in the early 1960s for friends and fellow surfers Gerry and Glenn Cooper, Wave House rests amid a 0.7-acre parcel on a beach in a secluded cove. The home is easily recognizable with its jagged, undulating roofline resembling a series of cresting waves and donning hand-cut copper shingles evoking the scales of a fish. The place also looks somewhat like a sea turtle when viewed from above.

Once inside, six bedrooms and eight baths are filtered across just over 6,400 square feet of living space boasting bleached hardwood floors, vaulted ceilings with whitewashed beams, and vast expanses of glass. There’s also a trio of circular wraparound decks, plus a detached garage/guesthouse.

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Featured in numerous advertising campaigns and the 2019 film Yesterday , and occupied at one time by British pop star Rod Stewart, the two-story structure’s main level has three sizable oceanfront living areas, including one with a massive fireside conversation pit, as well as a beachfront primary suite equipped with a hot tub and a sauna. Five more bedrooms can be found on the upper level, which stretches the entire width of the property.

According to WSJ , the purchase adds to Kushner and Kloss’s coast-to-coast property portfolio, which includes a $21.5 million mansion in Miami and a $35 million penthouse in New York City’s Nolita neighborhood. The listing was shared by Chris Cortazzo and Zen Gesner of Compass, Dena Luciano of Douglas Elliman and Drew Fenton of Carolwood Estates; Cortazzo also repped the buyers.

Click here for more photos of the Wave House.

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