Debra McDermott Sells Malibu Single Family Home For $14.8M With Chris Cortazzo And Sean Baroni
SOLD
$14,797,000
California
See Similar DealsSingle Family Residence3,200 SF
Sold 08/20/2025
SOLD
Debra McDermott Sells Malibu Single Family Home For $14.8M With Chris Cortazzo And Sean Baroni
Single Family Residence3,200 SF
Sold 08/20/2025
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$4,624
Total Square Footage:3,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$789,173.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,570.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,145.33
Annual Debt Service$841,743.95
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