The former Gap CEO recently paid just over $42 million for an oceanfront villa in an exclusive gated Malibu community. Read more from DirtDotCom.
Though Glenn Murphy’s name will probably be forever linked to clothing retailer Gap — where he served as chairman and CEO for seven years, from 2007 to 2014 — the Toronto-based businessman has since moved on to other endeavors. Today, he serves as CEO of his own consumer-focused investment firm,; Murphy and his longtime wife Stacey also are well-known philanthropists, donating millions to the Notre Dame men’s basketball program and mental-health causes.
Now Murphy can add Malibu homeowner to the list, having paid retired businessman Joseph Alibrandi and wife Tunny just over $42 million earlier this year for an oceanfront mansion resting atop a bluff on the western end of Malibu, in a little-known gated community. First listed in summer 2021 with a $56.5 million ask, the price was reduced to $50 million before going to Murphy this past February at a substantial discount.
As for Murphy’s newly acquired vacation digs, that place has five bedrooms and seven baths spread across 10,500 square feet of living space on three levels. Sited on a gated 1.
A paved motorcourt and an attached three-car garage greet, with the home’s front door opening into a grand entrance hall. From there, a spacious great room lined with arched doorways displays a barrel-vaulted ceiling accented by clerestory windows and boasts a fireside living room adjoined by an elevated dining area flanked by a walk-in bar.
A trio of ocean-view suites can be found upstairs, while the sizable master on the main hosts a fireside sitting area, designer showroom closet, and luxe bath equipped with dual vanities, a soaking tub and glass-encased shower; and out back, the picturesque grounds hold a wraparound terrace ideal for al fresco entertaining and relaxing with a swanky kitchen setup, as well as a fire-pit, hot tub and an outdoor shower for two.
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