Brian Goldberg Of Pinnacle Estate Properties Represents Buyer In Sale Of Malibu Estate For $12.99M

The property asset involved in this transaction is a single-family home located at 340 North Kanan Dume Road in Malibu. The asset spans 37.97 acres and features a total square footage of 7,665. The sale price for this property was set at $12,999,999, resulting in a price per square foot of $1,696.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $12,999,999
• Acres: 37.97
• Square Footage: 7,665
• Address: 340 North Kanan Dume Road
• Market: Malibu
• Seller: Howard Leight Jr.
• Buyer's Representative: Brian Goldberg - Pinnacle Estate Properties
• Seller's Representatives: Chris Cortazzo & John McNicholas & Molly Swing - Compass

The transaction saw the Rocky Oaks Estate, notable for its appearances in various media, finally being sold after multiple unsuccessful listing attempts over the past decade. The Leight family, who developed the property and operated the winery on-site, initially purchased the land in 2005 for $3.5 million. The property underwent various price adjustments before finally reaching a sale through an auction that set a reserve at $12.995 million.