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

Property Image
SOLD
$110,000,000
Branden Williams
Rayni Williams
MS
+ 1

California

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Single Family Residence8,000 SF
Sold 04/20/2018
the dealplayerscompscontact
Property Image
SOLD

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

22314 Pacific Coast Highway, Malibu, CA, USA

See Similar Deals
Single Family Residence8,000 SF
Sold 04/20/2018
Branden Williams
Rayni Williams
MS
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$13,750
Total Square Footage:8,000 SF
Transaction Type:Sale

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.

Players

Branden Williams
The Beverly Hills Estates
Branden Williams
49 deals$1.2B volume
BROKER
Rayni Williams
Williams & Williams Estates Group
Rayni Williams
48 deals$1.3B volume
BROKER
MS
Michael Smith
4 deals$122.1M volume
BUYER
PM
Peter Morton
2 deals$145M volume
SELLER

Details

SOLD
IMAGE: Peter Morton, Iris and Michael Smith DATE: 04/20/2018 ADDRESS: 22314 Pacific Coast Highway CITY: Los Angeles MARKET: Carbon Beach ASSET TYPE: Single-Family PRICE: $110,000,000 SF: 8,000 PSF: $13,750 SELLER: Peter Morton (Hard Rock) BUYER: Michael & Iris Smith BROKERS: Barry Peele from Sotheby’s International Realty (Buyer) & Branden & Rayni Williams from Hilton & Hyland (Seller.) NOTE: Peter Morton is the co- founder of Hard Rock Café, Michael Smith is a natural gas mogul.

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