Overview

• The 'Wave House' was purchased at a significant discount from its original $49.5 million listing price.
• Designed in 1957, the house is known for its unique wave-like architecture and historical significance.
• The property is located in a high-risk area for both wildfires and flooding, posing preservation challenges.
• Previous owners include Rod Stewart and Warner Bros. Records executive Mo Ostin.
• Kloss and Kushner own additional properties in New York City and Miami.