PDPG LLC Purchases Land From Surfwatch LLC At 28719 Grayfox Street Malibu For $80M
28719 Grayfox Street
$80,000,000
Building Size
—
Asset Type
Land
Closing
Jul 29, 2025
AI
A land asset located at 28719 Grayfox Street in Malibu was sold for $80,000,000. This off-market, multiparcel sale is recorded as the city’s priciest known residential deal of 2025 thus far.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $80,000,000
- Buyer: PDPG LLC
- Seller: Wendy Schreiber Fiske & Orlo James Fiske - Surfwatch LLC
- Sale Date: 07/29/2025
- Market: Malibu
The transaction involved Texas-based PDPG LLC acquiring the property from Surfwatch LLC, which is linked to Wendy and Orlo James Fiske, marking a significant real estate transaction in the Malibu area.
Players
Malibu Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93