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2808 Ocean Front, Del Mar, ...

Bill & Melinda Gates Acquire Del Mar SFR For $43M From Seller Madeleine Pickens & Brokers Guiltinan Group & Krone & Bushard
SOLDSingle Family Residence

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

Brian Guiltinan

The Guiltinan Group

Broker

$87.1M

vol

2 deals

Broker

Melinda Gates

Microsoft

Buyer

$44.5M

vol

2 deals

Buyer
M
MicrosoftBuyer

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