A house located in Malibu's Broad Beach has recently been sold for a staggering $35 million, surpassing market expectations despite a slowdown in the real estate industry. The property, owned by film producer Oren Koules and his wife Shereen Arazm Koules, underwent extensive renovations under their supervision, resulting in the creation of a stylish and visually captivating compound with breathtaking ocean views. This pristine SFR property spans 4,300 square feet, nestled on 0.3 acres of land.

Summary of transaction details

• Property Type: Single-Family Residence (SFR)
• Transaction Amount: $35,000,000
• Market: Broad Beach, Malibu
• Property Size: 0.3 acres
• Seller: Oren Koules & Shereen Arazm Koules
• Buyer: Miriam Schaeffer
• Buyer's Representative: Jacob Dadon - Sotheby’s International Realty
• Seller's Representative: Cooper Mount - Carolwood Estate

Notably, the sale price of $35 million reflects the high desirability and exclusivity of this charming property, which equates to an impressive $8,140 per square foot. The transaction itself illustrates the unwavering allure of Malibu's real estate market, with this particular property standing out as a testament to opulence and luxury.