Media mogul Byron Allen set a real estate record with his recent $100 million purchase of an ultraluxe compound in Malibu, CA.

That lofty sum is the most ever paid for a home by an African-American buyer in the U.S., according to the Wall Street Journal.

Allen purchased the coastal estate from self-storage magnate Tammy Hughes Gustavson, who had listed it for $127.5 million in May.

Gustavson’s late father, B. Wayne Hughes, who co-founded Public Storage, paid about $20 million for the property in 2003, the Journal notes.

Elite retreat

The 3.5-acre compound, situated on a bluff overlooking Paradise Cove, includes the main villa and two guesthouses. In total, there are 10,698 square feet of living space, eight bedrooms, and 11.5 baths.

The villa, built in 2001 and updated since then, features retractable walls of glass facing the ocean. There are multiple terraces for dining, relaxing, and taking in the views.

The chef’s kitchen is equipped with professional-grade appliances, a huge island, and an adjacent breakfast room.

Amenities galore

Other prime perks include an elegant screening room and a posh primary suite.

The guesthouse located off the garage has served primarily as staff quarters. The other guesthouse is located adjacent to the tennis court. That two-story structure features a spacious upper level with a vaulted ceiling that’s used as a gym.

The entire estate is the epitome of elegant luxury, but the priceless aspect of the property is a private path leading to 208 feet of sandy beach frontage. Such access is extremely rare on the California coast.

Allen, 61, began his career in Los Angeles as a comedian at age 14. He later founded Entertainment Studios, aka Allen Media Group, of which he is CEO.

The largest privately held media company in the U.S., it is estimated to be worth more than $4.5 billion. Allen’s holdings include the Weather Channel, 11 other cable networks, and close to 70 syndicated TV shows.

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