Price Drop on John Lautner's Stevens' House in Malibu

List price:  $19,750,000 (orignally listed for $22,00,000)

Address:  78 Malibu Colony Road

3366 Square feet - 5 bedrooms, 5 baths

In the highly famed and sought after Malibu Colony, John Lautner circa 1968 Stevens' House is an architectural masterpiece on the beach with approximately 37 feet of sandy beach, a large beach deck, grassy yard and swimming pool. Built of wood and concrete, Lautner created the structure to resemble waves.   The home, a California State Cultural Landmark, has been completely restored to bridge the past to the present.