Justin Solomon Purchases Manhattan Beach Home From Bre And Luke Walton For $10.3 Million

The property involved in this transaction is a single-family home located at 1240 5th Street in Manhattan Beach. The asset is situated on a 0.34-acre lot, encompasses a total of 10,009 square feet, and was sold for $10,300,000, equating to a price per square foot of $1,029.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $10,300,000
• Address: 1240 5th Street
• Market: Manhattan Beach
• Acres: 0.34
• Square Footage: 10,009
• Price Per Square Foot: $1,029
• Buyer: Justin Solomon
• Seller: Bre & Luke Walton
• Brokers: Nathan Staggs & Nicholas Schneider - Schneider Properties Team - Compass

Bre and Luke Walton have sold their Manhattan Beach residence, with the transaction orchestrated by brokers Nathan Staggs and Nicholas Schneider from the Schneider Properties Team at Compass. Justin Solomon, a partner at Kirkland & Ellis, is the buyer of the property, which underwent extensive remodeling while owned by the Waltons. Notably, Luke Walton has a background as a former NBA player and coach for various teams.