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Microsofts Paul Allen Pays $25Million on Malibu's Billionaire's Beach | Kris and Kimberly Darney

Here are a couple of celebrity real estate tidbits to pass along as we recuperate from our July 4th holiday weekend:

Paul Allen Buys in Malibu: TechFlash (by way of Wall Street Journal) reports that Microsoft founder Paul Allen bought a contemporary Malibu beachfront home (below) for $25 million. The home is on “Billionaire’s Beach” where neighbors include Hollywood power players David Geffen and Jeffrey Katzenberg.

Description: built in 1985…5, 794 square foot single family home has 5 bedrooms and 7.0 bathrooms.

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