Peter Morton Sells Carbon Beach Single-Family Home For $110M To Michael & Iris Smith, Reps From Sotheby's Intl Realty & Hilton & Hyland

The property involved in the closed transaction is a Single-Family home located at 22314 Pacific Coast Highway in Los Angeles. Situated in the Carbon Beach market, the property spans 8,000 square feet and was sold for a price of $110,000,000, resulting in a price per square foot of $13,750.

Summary of transaction details

• Property Type: Single-Family
• Transaction Amount: $110,000,000
• Address: 22314 Pacific Coast Highway, Los Angeles
• Market: Carbon Beach
• Square Footage: 8,000
• Price per Square Foot: $13,750

The seller of the property is Peter Morton, the co-founder of Hard Rock Cafe. The buyer is Michael Smith, a natural gas mogul. Representing the buyer is Barry Peele from Sotheby's International Realty, while the seller is represented by Branden & Rayni Williams from Hilton & Hyland.

NOTE: Peter Morton is the co-founder of Hard Rock Cafe, and Michael Smith is a natural gas mogul.