Rock bassist Flea of the Red Hot Chili Peppers has paid $9,980,000 to buy a four-bedroom, 2,731-square-foot beach house in Malibu, Calif., according to public records and the Los Angeles Times.

Born Michael Balzary, Flea, 44, first became a denizen of Malibu in 2002 when he paid $2,550,000 for a four-bedroom, 4,882-square-foot house in the Sycamore Meadows area of Malibu.

Now, the bassist has bought the new beach house, through his Clara & Sunny Trust, which ostensibly was named for his two daughters, Clara and Sunny. Built in 1980, the beach house, at 32504 Pacific Coast Highway had been listed for $10,495,000 and has four bedrooms, three bathrooms, soaring ceilings, a two-bedroom guesthouse, a guest apartment, and a staircase to the beach, all on a 2.01-acre parcel, according to public records and the Times. The Times (LA Times) reported that Flea hasn’t yet moved in because the house is being renovated.

We can be the first to report, however, that Flea currently does have his Sycamore Meadows house on the market, for $5 million. See its listing sheet here (pritchett-rapf.com). That house, at 6228 Sycamore Meadows Road, was built in 1978 and is French Country in style. Features include large bedrooms, high ceilings, a large kitchen, and naturally, a recording studio, according to listing information. The compound consists of two parcels—the 1.36-acre lot that contains the house plus a 1.05-acre adjoining vacant lot, according to public records. Outdoor features include ocean views, a newly refinished pool and spa, private alcoves, and pathways throughout the grounds, according to listing information.

Over the years, Flea has bought and sold many L.A.-area houses. Most recently, he also was reported by the Times in February 2006 to be selling his 1,713-square-foot, in-town house in L.A.’s Los Feliz neighborhood. That house, which he bought in March 2005 for $1 million through his Tracy Street Trust, had been listed for just under $1.2 million. Flea quietly sold that house, at 4117 Tracy Street, in April 2006 for $1,135,000, according to public records.