Malibu retreat with global pedigree returns to market at a $22.7-million discount
(LA Times NBA)

Il Pelicano, a dramatic Malibu residence built into a coastal cliff-side, has returned to market for $35 million, down from last year´s $57.7 million asking price. Reached by a private road, the stone-clad home replaced a small surf shack on the property and was built over a seven-year period by...