November 15, 2016 1:22 PM
They are becoming pretty skilled house flippers!
Cindy Crawford and husband Rande Gerber bought this beachfront Malibu home for $50 million in 2015, and now they've just turned around and listed it a year later for $60 million!
The four bedroom residence sits on three acres and has panoramic views of the Pacific Ocean. It also has a pool, spa, fire pit and tennis court.
Why the massive price increase? The supermodel and the restauranteur allegedly did extensive renovations to the two-story pad.
The house, built in 1944, is located next to another one owned by the couple which isn't for sale. The pair also recently sold their Cabo San Lucas vacation home for a whopping $100 million.
If only we had the money we'd snatch this place up in a hot second!
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