Finally, A Real Life Barbie Dream House

Naturally, it's in Malibu.

"I think this really is Barbie's Malibu Dream House because the setting is so incredibly dreamy and ethereal," Adler said. "We're perched on a cliff in Malibu overlooking the ocean. It's a fantasyland for anyone. It was difficult to find the house to celebrate Barbie's 50th birthday because it had to be the ultimate Malibu house, and I think we found it."

Decorating Barbie's real-world dream home, which will be the site Monday of a star-studded soiree celebrating the doll's birthday, was a dream for Adler, the potter and decorator who has served as head judge on Bravo's "Top Design." He said Mattel gave him access to the company's archives, including a look at all of Barbie's various dream homes over the years.

Following the festivities, most of Barbie's custom decor will be shipped to the Palms Casino Resort in Las Vegas to furnish a special pink-tinted Barbie Suite that will be available for bachelorette parties, birthdays or anyone who wants live like Barbie. Other items will be available from the "Jonathan Adler Loves Barbie" collection launching in September.

Adler's favorite furnishings are hanging in the living room: an original Andy Warhol portrait of Barbie valued at over $200,000 and a chandelier — designed by "Project Runway" contestant Chris March — that's made up of over 30 blond wigs and took more than 60 hours to craft. Adler also admires a one-of-a-kind black-and-white wall mirror created with 64 dolls.

So where's Ken?

"Ken's around, but does she need Ken?" said Adler. "No."

Poor Ken. That doll gets no respect.