Updated Dec 4, 2024
WhiteApple DE LLC Purchases John Moores' Pebble Beach Home For $45 Million
1544 Cypress Drive
$45,000,000
$4,285/SF
Building Size
10,500 SF
Asset Type
Single Family
Closing
Aug 26, 2024
About this deal
AI
The property involved in this transaction is a single-family home located at 1544 Cypress Drive in Pebble Beach, California. Spanning 10,500 square feet and situated on a 1.8-acre lot, the property was sold for $45,000,000, achieving a price per square foot of $4,286.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $45,000,000
- Market: Pebble Beach
- Address: 1544 Cypress Drive
- Square Footage: 10,500
- Acres: 1.8
- PPSF: $4,286
- Buyer: WhiteApple DE LLC
- Seller: John Moores
- Buyer's Representative: Ben Zoller - Monterey Coast Realty
- Seller's Representative: Tim Allen - Coldwell Banker Global Luxury
This transaction was notable as it involved former San Diego Padres owner John Moores, who sold his oceanfront home. The sale was conducted discreetly off-market, breaking the previous record for Monterey County, which was set at $40 million by Brad Pitt's purchase in 2022.
On the Map
$45,000,000
$4,285/SF
Single Family
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Players
Pebble Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93