Howard Marks' House

Marks is the billionaire co-founder & co-head of hedge fund firm Oaktree Capital. He purchased these two properties in 2010 for a reported $30 million and built this new oceanfront mansion on it.

He bought it from Donny Deutsch, CNBC commentator, former advertising executive and former host of the CNBC talk show "The Big Idea with Donny Deutsch", who purchased this 3.3-acre oceanfront property for $29M in 2007.

The estate sits high on a bluff, and includes 3 homes, 2 pools and a 100-ft pond and waterfall. Producer Steven Spielberg once rented one of the houses on the property, and his Oscar-winning movie "Schindler's List" was edited here. The southern most property (nearest to the beach) was purchased in July of 2007 for $18.85M, and the larger structure (north of it) was purchased for $10.15M in August of 2007, according to public records.