Debra McDermott Sells Malibu Single Family Home For $14.8M With Chris Cortazzo And Sean Baroni
$14,797,000
$4,624/SF
Building Size
3,200 SF
Asset Type
Single Family Residence
Closing
Aug 20, 2025
AI
The asset involved in this transaction is a single-family home located in Malibu. The sale price of the property was $14,797,000. The property has a total square footage of 3,200 and a price per square foot of $4,624.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,797,000
- Seller: Debra McDermott - The Palmieri Family Trusts
- Buyer's Representative: Sean Baroni - NextHome Luxe Group
- Seller's Representative: Chris Cortazzo - Compass
The individuals involved in this transaction include the seller Debra McDermott, representing the Palmieri Family Trusts, and the buyer's representative Sean Baroni from NextHome Luxe Group. The seller's representative for this deal is Chris Cortazzo from Compass, facilitating the transaction.
Players
Malibu 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93