This Wave-Shaped House Is a Star of Malibu’s Coastline. Now It Can Be Yours for $49.5 Million.

The late architect Harry Gesner’s Wave House is a land-based property that fans of the open seas have long admired from afar. But now they have the chance to move in themselves.

The iconic Malibu abode just hit the market for $49.5 million, The Wall Street Journal reported on Thursday. It’s being sold by the estate of Mo Ostin, the legendary music exec who owned the Wave House before he died last year; former tenants also include rock star Rod Stewart.