Magazine article Variety

For $60K a Month, You Can Rent This Malibu Pad

Magazine article Variety

For $60K a Month, You Can Rent This Malibu Pad

Article excerpt

Much to the frequent surprise of the less financially fortunate, budget-conscious rich people sometimes opt to offset the exorbitant costs associated with the ownership of multiple multimillion-dollar homes by leasing them out at high prices, often for short periods of time. Take for example an oceanfront residence in Malibu owned, per property records, by Italian film producer Gianni Nunnari, and available on the open market as an art-filled and fully furnished luxury rental at a bit under $60,000 per month.

Nunnari, whose credits include the high-profile movies "The Departed," "300" and "Shutter Island," acquired the boxy, white-stucco contemporary in June of 2014 for $7.84 million, and first set it out for lease several months ago at $65,000 per month. Current listings indicate the approximately 4,600-square-foot beach house, near the end of a guard-gated culde-sac, has five bedrooms and 5. …

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