By James McClain Although it’s a bit surprising that the king of Malibu Colony himself — casino kingpin Sheldon Adelson — hasn’t snapped it up already, the prized oceanfront estate of late soap opera creator Lee Phillip Bell is available for billionaire grabs.
Sited on an unusually spacious .29-acre lot and offering nearly 3,300 square feet of living space, the casually plush property is one of only seven estates in the tightly packed, 120-home Colony guard-gated community that offers its own private swimming pool.
Set privately behind a whitewashed wall and tall tropical plantings, the traditional-style beach house is accessed through a grassy courtyard that spills into a a nearly all-white living room with a fireplace.
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