The 15,000-square-foot home, which sits on 9.5 acres, was not publicly listed for sale. The deal surpasses a nearly $200M purchase in Malibu by Beyoncé and Jay-Z last year
The Andreessens have owned the home since 2007. The couple also recently purchased several parcels in Malibu, suggested a switching of allegiances to Southern California
Billionaire media mogul Byron Allen has purchased a Malibu estate for $100M, making the deal the most an African American buyer has ever paid for a home in the US