Dr. Dre Sells Malibu Oceanfront Home For $16.5 Million With Brokers Kurt Rappaport And Chris Cortazzo
22616 Pacific Coast Highway
$16,500,000
$1,875/SF
Building Size
8,800 SF
Asset Type
Single Family
Closing
Mar 3, 2026
AI
The property involved in this transaction is a single-family home located at 22616 Pacific Coast Highway in Malibu. The asset consists of 8,800 square feet and was sold for $16.5 million. The property had previously been listed for $20 million in 2022 and features an oceanfront position on Carbon Beach.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,500,000
- Square Footage: 8,800
- Price Per Square Foot: $1,875
- Seller: Dr. Dre
- Buyer's Representative: Chris Cortazzo - Compass
- Seller's Representative: Kurt Rappaport - Westside Estate Agency
- Market: Malibu
Dr. Dre had owned the mansion since 2000 when he acquired it for $4.75 million. The transaction was brokered by Kurt Rappaport who represented the seller, while Christopher Cortazzo represented the unidentified buyer in this off-market sale.
Players
Malibu 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93