Sabin Burrell Purchases Iconic Malibu Estate For $18.5 Million With Brokers Tim Smith And Chris Cortazzo

This transaction involved a single-family asset located in Point Dume, Malibu, with an original list price of $28,500,000 and a sale price of $18,500,000. The property spans 8,500 square feet and features 6 bedrooms and 8 bathrooms, specifically designed for luxury and comfort. The price per square foot is noted at $2,176.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $18,500,000
• Buyer: Sabin Burrell
• Buyer's Representative: Tim Smith & Chris Cortazzo - Coldwell Banker
• Seller's Representatives: Branden Williams & Rayni Williams - Williams & Williams Estates Group - The Beverly Hills Estates
• Original List Price: $28,500,000
• Square Footage: 8,500
• Price Per Square Foot: $2,176

This transaction signifies another notable real estate acquisition by entrepreneur and investor Sabin Burrell. The estate, known as TerraLume, is recognized as Malibu's newest iconic estate within the Point Dume enclave, with its design meticulously crafted by Burdge Architects over nearly a decade. The property encompasses 2.25 acres of landscaped grounds, providing expansive ocean views.