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This Malibu house still has game — and plenty of avocados to spare. A modern beach residence that NBA legend Kevin Garnett commissioned — but never lived in — is back on the market after a four-year renovation, asking a cool $48 million. Mansion Global was the first to report the listing.The ultra-modern residence, at 27715 Pacific Coast Highway, features a large infinity pool, wide ocean views and, yes, no fewer than 50 avocado trees.It’s also part of a small, ultra-exclusive blufftop stretch of the highway that is one of the most compressed high-net-worth corridors in the country. Beyoncé and Jay-Z paid a record $200 million for their similar sized estate in 2023, at 27712 Pacific Coast Highway in an all-cash deal, while billionaire Marc Andreessen paid $177 million for his estate, which also sits on around 7 acres, at 27740 Pacific Coast Highway in 2021. Garnett’s former home is on 6.74 acres, a triple lot, standing adjacent to an equestrian center.One of the three lots that is part of the sale is currently vacant, comes with its own address, and could be used to build a second home or perhaps a family compound, brokers said.At 11,000 square feet, the six bedroom mansion feels more like a year-round home than a weekend beach retreat — and it comes back to market as more folks are making Malibu their permanent residence, brokers added. Garnett had purchased the property for $6.4 million back in 2003, when he was with the Minnesota Timberwolves.
But he never completed his dream house and ended up selling it in 2021, which is where the story gets messy. Garnett, known as one of the NBA’s greatest power forwards, agreed to sell the home, unfinished, to Ando Hacopian of Hacopian Design & Development Group for $16 million in 2021.As part of the deal, Hacopian agreed to cover Garnett’s closing costs and prior leans, leaving Garnett with $6 million, including $2 million in cash at closing, according to the Real Deal.
But Hacopian, Garne...