House of the Day: A Temple to Market Optimism

Back in January, the Temple of the Muses in Malibu was listed at $2.975 million. It didn't sell, so what would any logical seller in today's market do? Right. Not this guy. The price was raised and is now $3.5 million. "This guy," by the way, is architect Cho Yiu Kwan and his Temple of the Muses is one of Los Angeles' most iconic residential structures.