Updated Oct 29, 2024
Shannon Rowe Of Paycom Acquires $14.8M Beachfront Home In Malibu
27140 Malibu Cove Colony Dr Malibu, CA 90265, USA
$14,750,000
$3,096/SF
Building Size
4,763 SF
Asset Type
Single Family Residence
Closing
Apr 21, 2023
About this deal
AI
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
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.1K per square foot on a published $14.8M for 4,763 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93