Updated Oct 19, 2026
Laurene Powell Jobs Acquires Paradise Cove SFR For $17.5M
Paradise Cove, Malibu
$17,500,000
$6,537/SF
Building Size
2,677 SF
Asset Type
Single Family Residence
Closing
Feb 4, 2021
About this deal
AI
Laurene Powell Jobs, the prominent businesswoman and widow of Steve Jobs, recently purchased a stunning single-family residence in Paradise Cove, Malibu. The transaction took place on February 5, 2021, and the property was sold by Sammy Chao.
Summary of Transaction Details
- Property Type: Single-Family Residence
- Transaction Amount: $17,500,000
- Square Footage: 2,677
- Price Per Square Foot: $6,537
- Market: Paradise Cove, Malibu
Laurene Powell Jobs made the purchase through her organization, Emerson Collective. As one of the co-founders of Emerson Collective, Powell Jobs is known for her philanthropic efforts and commitment to education reform. The acquisition of this luxurious property showcases her discerning taste and significant financial capabilities.
On the Map
$17,500,000
$6,537/SF
Single Family Residence
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Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $6.5K per square foot on a published $17.5M for 2,677 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93