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27070 Malibu Cove Colony Dr...

Sandra Bullock Acquires Malibu SFR For $16.5M With Brokers Mike Cunningham, Aron Kelman, Tom Clements & Alan Long
SOLDSingle Family Residence

Sandra Bullock Acquires Malibu SFR For $16.5M With Brokers Mike Cunningham, Aron Kelman, Tom Clements & Alan Long

27070 Malibu Cove Colony Drive, Malibu, CA, USA

$16,500,000

$2,102/SF

Building Size

7,848 SF

Asset Type

Single Family Residence

Closing

Mar 22, 2021

AI

A waterfront single-family home located in Malibu has been recently sold for a staggering $16,500,000. The property spans across 7,848 square feet, resulting in a price per square foot of $2,102. This stunning residence offers luxurious living spaces and breathtaking views, making it a highly sought-after asset in the Malibu market.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $16,500,000
  • Square Footage: 7,848
  • Price Per Square Foot: $2,102

Sandra Bullock, the renowned actress, acquired this beautiful property in Malibu. Represented by Mike Cunningham from Pinnacle Estate Properties, Sandra secured this waterfront estate for her personal use. The deal was facilitated by brokers Aron Kelman from Kam Realty Enterprises, as well as Tom Clements and Alan Long from Sotheby's International Realty, ensuring a smooth transaction for all parties involved in the sale.

Players

Mike Cunningham

Pinnacle Estate Properties

Broker

$45M

vol

2 deals

Broker

Sandra Bullock

Buyer

$30.7M

vol

4 deals

Buyer

Malibu Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93