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24186 Case Court

Scott Gillen Sells Malibu Home 'The Edge' For $61M In The Case Development
SOLDSingle Family

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:

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

Sandro Dazzan

The Agency

Broker

$216.4M

vol

12 deals

Broker

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