Bill & Melinda Gates Acquire Del Mar SFR For $43M From Seller Madeleine Pickens & Brokers Guiltinan Group & Krone & Bushard
2808 Ocean Front, Del Mar, CA, USA
$43,000,000
$4,300/SF
Building Size
10,000 SF
Asset Type
Single Family Residence
Closing
Apr 22, 2020
AI
Bill Gates and Melinda Gates have purchased a stunning oceanfront property located at 2808 Ocean Front in Del Mar, CA. The single-family residence boasts approximately 10,000 square feet of living space. The property was sold by Madeleine Pickens for a price of $43,000,000, translating to a price per square foot of $4,300.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $43,000,000
- Address: 2808 Ocean Front, Del Mar, CA
- Market: Del Mar, CA
- Square Footage: 10,000 (approx.)
- Price Per Square Foot: $4,300
The buyer, Bill Gates, and Melinda Gates, acquired the property from the seller, Madeleine Pickens. The transaction was facilitated by Brian Guiltinan from the Guiltinan Group and Bruce V. Howard from Krone & Bushard, who represented the buyer and seller respectively.
Players
Del Mar 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93