Home of the Day: A palm-topped oasis in Malibu’s Serra Retreat

A blanket of tall palms and tropical landscaping surrounds this Spanish-style residence on about an acre in Malibu’s Serra Retreat. The formal living room, with vaulted ceilings and exotic touches, opens to tiled deck space and a swimming pool for indoor-outdoor living.

Address: 23111 Mariposa de Oro St., Malibu, 90265

Price: $12 million

Built: 1974

House size: 8,300 square feet, six bedrooms, 5.5 bathrooms

Lot size: 0.96 acres

Features: Stone and tile floors, archways, vaulted ceilings with exposed beams, skylights, formal entry hall, living room with fireplace, dining room, center-island kitchen, atrium, gym/exercise room, outdoor dining area, patio, swimming pool and spa, formal landscaping, guesthouse

About the area: The median sale price for single-family homes in the 90265 ZIP Code in November was $2.355 million based on 18 sales, according to CoreLogic. That was a 10.8% increase in median price compared to November 2014.

Agents: Cormac & Wailani O’Herlihy, Sotheby’s International Realty, (310) 980-1195

To submit a candidate for Home of the Day, send high-resolution color photos via Dropbox.com, permission from the photographer to publish the images and a description of the house to [email protected].

Twitter: @NJLeitereg

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Home of the Day: A palm-topped oasis in Malibu’s Serra Retreat