Inside look at Warriors owner Joe Lacob's Malibu mansion, which is up for sale for $44 million
Golden State Warriors owner Joe Lacob listed his opulent beachfront home in Malibu up for sale at $44 million. The billionaire’s property is situated on Carbon Beach, often referred to as Billionaires Beach, and is 5500+ square feet with five bedrooms, six baths, a gym and a theater along with various other amenities.
Here's a look at the property:
The three-level property is listed as a combination of “luxury, design, and technology” and an “entertainer’s dream home” with a "whiff of James Bond-villain vibe." It features huge beach-facing glass walls and decks for panoramic views of the ocean and also has direct access to the beach.
According to realtor.com, Joe Lacob bought the mansion in 2019 for $29.1 million which was 15% less than the asking price of $34.5 million. The property reportedly incurs $350,000 in annual property taxes, as Lacob looks to take advantage of the currently hot real estate market in Malibu to secure 1.5x the price he originally bought it for.
As the major owner of the Golden State Warriors, Joe Lacob is no stranger to making deals. Since he acquired the franchise in 2010 for $410 million, the team's value has boomed to approximately $7.7 billion with the Warriors having won four NBA titles since.
Joe Lacob opens up about Klay Thompson's departure during NBA free agency
Featuring on "The Athletic NBA Show" podcast on July 17, Joe Lacob talked about former Golden State Warriors star Klay Thompson's departure from the team to join the Dallas Mavericks. Lacob spoke about his friendship with the 13-year Warriors guard and also spoke on the business realities of the decision.
“I don’t care what people think happened, or didn’t happen,” Lacob said. “He will always be welcome in my life. I hope he feels the same. Honestly, I get a little teary-eyed about it. I hope we’re going to be friends forever.
"And he’s just going to be in Dallas for a few years and we’ll have to kick his ass. But that’s just the job. And I’m sure he feels the same way. That’s called competition.”
Lacob added:
“I didn’t want to see it happen, but it did. I could just tell we did try to bring him back. We wanted him back. That’s the truth. I know people speculate all these things. But I can assure you, we absolutely did want him back. There are business realities, obviously, in the process.
"And I don’t want to get into the negotiations and all that stuff. Because it’s not really fair to him or us. And without giving all the details of those discussions, which would take a long time, I just don’t think the public would understand how it all went down exactly.”
Klay Thompson was reportedly offered a two-year, $48 million extension ahead of the 2023-24 season. However, he declined the offer during the last offseason and signed a lesser-valued three-year, $50 million contract with the Mavericks ahead of the 2024-25 season.