New York: One of America's most recognizeable fashionistas Barbie has decided to sell her three-story dreamhouse in Malibu for 25 million dollars.

The scaled 8,500- square-foot fully-furnished pink palace has only one bedroom and one bathroom and features an unobstructed view of the ocean, outdoor hot tub, pulley elevator and diamond-encrusted accents, media reported.

"I totally love Malibu. It's been my home for over 40 years. But traveling all over the world has opened my eyes to the possibilities of living elsewhere," Barbie told media.

The iconic toy bought her Malibu Dreamhouse in 1962 and it has since undergone more than 10 re-imaginings, with each renovation showcasing architectural features and interior designs representative of the era.

(Agencies)

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