Scott Gillen Sells Malibu Home 'The Edge' For $61M In The Case Development
24186 Case Court
$61,000,000
$5,794/SF
Building Size
10,527 SF
Asset Type
Single Family
Closing
Jul 3, 2024
AI
The property involved in the transaction is a Single Family home located at 24186 Case Court in Malibu. The property, known as The Edge, was sold by Scott Gillen for $61,000,000. Spanning 10,527 square feet, the home was sold at a price per square foot of $5,795, within the luxury development of The Case.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $61,000,000
- Address: 24186 Case Court
- Market: Malibu
- Seller: Scott Gillen
- Buyer's Rep: Cooper Mount - Carolwood Estates
- Seller's Rep: Aileen Comora, Daniel Stevenson, Paul Lester & Sandro Dazzan - The Agency
- SF: 10,527
- PPSF: $5,795
The sale of Scott Gillen's Malibu spec home, The Edge, at $61 million unveils a significant transaction within The Case development. Additionally, another property in the same community is currently in escrow with an asking price of $60 million, showcasing robust demand in Malibu's upscale real estate market.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93