Timothy & Saffron Case Sell Malibu Home On Carbon Beach For $28.5M

Interior designer Saffron Case and her husband Timothy have sold their 4,036 sq.ft. Single Family home on Carbon Beach in Malibu for a sale price of $28,500,000. The property is located at 22160 Pacific Coast Highway in the Malibu market.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $28,500,000
• Square Footage: 4,036 sq.ft.
• Price per Square Foot: $7,061
• Address: 22160 Pacific Coast Highway
• Market: Malibu

The buyer's representative for this transaction was Kurt Rappaport from Westside Estate Agency. Mike Cunningham from Pinnacle Estate Properties acted as the seller's representative. This sale marks one of the last high-end transactions in Malibu for 2023.

Despite a 43% decrease in deals over $10 million compared to the previous year, experts like Anthony Marguleas from Amalfi Estates remain optimistic about an increase in luxury transactions in 2024. They attribute this optimism to the expected resolution of Hollywood strikes and anticipated drops in interest rates.