The property involved in this transaction is a single-family residence located at 31630 Sea Level Drive in the Malibu market. The sale price is $10,500,000, and the property boasts a total square footage of 3,938. With a price per square foot of $2,666, this four-level mansion features ocean-facing decks, a rooftop, and access to a secluded beach.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $10,500,000
• Sale Date: 08/23/2024
• Buyer: Nicolas Cage
• Seller: Lenard Liberman
• Buyer's Representative: Tomer Fridman - Compass
• Seller's Representatives: Irene Dazzan-Palmer & Sandro Dazzan - The Agency

This transaction marks a noteworthy occasion for Nicolas Cage as he purchased the property coinciding with the release of his film Longlegs on Amazon Prime. The deal was finalized below the original listing price of $11.25 million, illustrating a successful negotiation for the buyer.