A single-family beachfront mansion located at 23450 Malibu Colony Road in Malibu has been sold for $22,500,000. The property spans 5,000 square feet, placing the price per square foot at $4,500.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $22,500,000
• Address: 23450 Malibu Colony Road
• Market: Malibu
• Buyers: Rudi Schreiner & Kristin Karst - AmaWaterways
• Seller: Mary Ann Sigler - CIG Property Holdings
• Buyer's Representative: Alex Duk & Deanna D’Egidio - Harcourts Property Management
• Seller's Representative: Christine Martin & Samira Gores - The Agency
• Square Footage: 5,000
• Price Per Square Foot: $4,500

AmaWaterways co-founders Rudi Schreiner and Kristin Karst acquired the property from CIG Property Holdings. They were represented in the transaction by Alex Duk and Deanna D’Egidio of Harcourts Property Management, while the seller was represented by Christine Martin and Samira Gores of The Agency.