Floor plan

Fashion Exec Rea Laccone Lists Malibu Homes – DIRT

A once-in-a-lifetime opportunity to create a clifftop resort overlooking the ocean on Malibu’s Point Dume is available to a deep-pocketed buyer with $28.5 million to spend.

Available through Lynette Bishop and Bishop of Dallas of Compassthe offering includes three plots and two residences, one hidden behind foliage and gates and remodeled by renowned architects Marmol Radziner, and the other hidden down a long driveway and in need of substantial restoration and updating.

Tax records show that the owner of both properties is Rea Laccone, co-founder of luxury clothing brand Vince, whose dozens of boutiques across the country are serene temples of high-end simplicity. For those unfamiliar, this is the kind of place a “coastal grandma” might go to pick up a $600 camel-colored cable-knit sweater or $250 oatmeal-colored lounge pants. Originally launched as a line of high-end t-shirts, Laccone founded the brand in the early 2000s with Christopher LaPolice and sold it to the Kellwood Company in 2006 to $75 million. Laccone and LaPolice stayed but retired from the company in early 2013, shortly before Vince lifted $200 million in an IPO. Laccone and The Police revenue a few years later as creative consultants, but left after about 1.5 years.

Laccone, who once told the New York Times that she was “”a woman who travels a lot and carries a Hermès bag”, acquired the first property, according to property records, in 2005 for a sum of more than 2 $.8 million, which feels like a total haggle these days She snapped up the second property, along the edge of the bluff, just a few months ago for $10.4 million, or 1.4 million dollars more than the asking price.Both built in the early 1960s, the homes occupy just over an acre of land and together measure approximately 6,200 square feet with eight bedrooms and six bathrooms combined, as well as only a few bathrooms.

Described in marketing materials as “a mid-century modern work of art”, the main residence has been remodeled by architects Marmol Radziner. There are four bedrooms, three and a half baths, an open floor plan, vaulted ceilings, and walls of glass that provide gorgeous sunset and ocean horizon views. A wind-protected enclosed courtyard at the front of the house has a stacked stone fireplace and unsurprisingly the interior spaces are as plush and perfectly tailored, with an elegant mix of luxury materials, as Vince’s clothes.

The second home, also with four bedrooms and three and a half bathrooms, sits near the edge of the cliff above Westward Beach with stunning ocean, horizon, and sunset views. Marketing materials say plans are underway for Marmol Radziner to transform the glass-walled pavilion into a “stunning performance hall”.

The possibilities here are manifold, depending on the marketing materials: pushing the renovation forward and using the houses together as a complex; renting one while living in the other; resell them individually.

Property records reveal that Laccone is no stranger to elegantly appointed multi-million dollar architectural properties in Los Angeles and Palm Springs. She sold a mid-century house designed by Buff and Hensman in Palm Springs in 2019 for $9 million, and the same year paid Ellen DeGeneres and Portia de Rossi $15.5 million for a Hollywood Regency-style residence in the Trousdale Estates neighborhood of Beverly Hills. The following year, after having it restored and modernized by Marmol Radziner, she sold a international-style home above Beverly Hills for nearly $8 million.