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Shannon Rowe Of Paycom Acquires $14.8M Beachfront Home In Malibu

Property Image
SOLD
$14,750,000
Tony Mark
Russell Grether
Chris Cortazzo

California

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Single Family Residence4,763 SF
Sold 04/21/2023
the dealplayerscompscontact
Property Image
SOLD

Shannon Rowe Of Paycom Acquires $14.8M Beachfront Home In Malibu

27140 Malibu Cove Colony Dr Malibu, CA 90265, USA

See Similar Deals
Single Family Residence4,763 SF
Sold 04/21/2023
Tony Mark
Russell Grether
Chris Cortazzo
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,096
Total Square Footage:4,763 SF
Transaction Type:Sale

A beachfront home in Malibu has been sold for $14.8 million. Located at 27140 Malibu Cove Colony Drive, the property spans approximately 4,800 square feet and sits on a 0.21-acre lot. It offers stunning ocean views and features five bedrooms, six bathrooms, a media room, wet bar, and outdoor patio with a fire pit and hot tub.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $14,750,000
  • Address: 27140 Malibu Cove Colony Drive
  • Market: Malibu
  • Square Footage: 4,763

Rob Rowe, co-founder of Paycom, purchased the beachfront property. Assisting in the transaction were brokers Russell Grether, Tony Mark, and Christopher Cortazzo from Compass.

Players

Chris Cortazzo
Compass
Chris Cortazzo
32 deals$631.9M volume
BROKER
Tony Mark
Compass
Tony Mark
3 deals$50.9M volume
BROKER
Russell Grether
Compass
Russell Grether
4 deals$57.4M volume
BROKER

Details

SOLD
IMAGE: Russell Grether, Tony Mark & Christopher Cortazzo DATE: 04/21/2023 ADDRESS: 27140 Malibu Cove Colony Drive MARKET: Malibu ASSET TYPE: Single Family ~ ACRES: 0.21 BUYER: Rob Rowe; Shannon Rowe - Paycom BROKERS: Russell Grether, Tony Mark & Christopher Cortazzo - Compass SALE PRICE: $14,750,000 SF: 4,763 ~ PPSF: $3,097 NOTE: Shannon Rowe, co-founder of Paycom, has purchased a beachfront home in Malibu for $14.8 million. The 4,800-square-foot property features five bedrooms, six bathrooms, and offers stunning ocean views, with amenities including a media room, wet bar, and outdoor patio with a fire pit and hot tub.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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