This majestic Malibu villa combines sensational panoramic views with gorgeous Italianate design and sleek contemporary interiors for a lifestyle of exceptional beauty and privacy. Set behind gates on over 1.1 acres, the property is located in eastern Malibu, above Carbon Beach and convenient to shops and fine dining.A long private drive ascends to a huge motor court with room for 15 or more cars. The estate is built on multiple levels, served by two elevators, to take full advantage of the views.Style and sophistication are immediately apparent in the serene and spacious foyer with high ceilings, limestone floors, ocean views, and an impressive built-in aquarium. Ahead is the primary living room, ideal for grand-scale entertaining, with a linear fireplace topped by a book-matched marble wall, an enclosed bar, plus a floor-to-ceiling glass opening onto the pool terrace, backyard, and views. The room extends to a beautiful piano chamber with a curved glass wall and another fireplace. Beyond this is a dining area that opens to the terrace, plus yet another sitting/media room/lounge.Off the foyer, stairs lead a half-flight up to a second living/family room with another fireplace, a roomy wet bar with Taj Mahal quartzite countertop, and wraparound windows and doors opening to a covered balcony.Another half-flight of stairs (and an elevator) ascend from the main living room to the kitchen and dining room. With stunning ocean views plus a huge picture window facing onto the verdant hillside, this airy open space with dramatic black and white tile floors is designed for entertaining. The enormous kitchen has a large island with bar seating, top-of-the-line appliances, and a walk-in pantry. Facing the views is a generous dining area.The estate's five magnificent bedrooms are all en-suite. One floor up are two grand suites, including the primary, which has a vaulted ceiling, fireplace, dual walk-in closets, dual baths, and a vanishing wall of glass that opens to a large ocean-view deck with an outdoor fireplace and generous amounts of space for lounging.The next level up has three bedroom suites, including a second primary or guest suite complete with fireplace, built-in desk, service bar, and a private ocean-view balcony with a turf inset. In addition, there is a spacious recreation/billiards room with a temperature-controlled wine room, plus a sleek and fully equipped movie theater. A bonus room on this level could serve as a gym, office, or staff bedroom.The home's back terrace is exceptionally beautiful, with huge pillars, an infinity-edge pool with a foot bridge, an outdoor kitchen, a fire pit, a covered dining area, turf lawn, and ample space for enjoying the views of the coastline, Malibu Pier, the Queen's Necklace, ocean, islands, and sunsets galore.The property has two garages, one for three cars, the other for two, with a 220-volt charger, three extra refrigerators, elevator service, and access to a hidden door in the foyer. The home is equipped with air conditioning, security, and smart-home features for intercom and sound. An estate of great sophistication and beauty in a truly enviable location.