The property involved in this transaction is a single-family home located at 655 Macculloch Drive, situated in the Brentwood market. The asset spans approximately 0.8 acres and has a total square footage of 7,164. The sale was finalized at a price of $16,100,000, which translates to a per square foot price of $2,247.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $16,100,000
• Address: 655 Macculloch Drive
• Market: Brentwood
• Square Footage: 7,164
• Price Per Square Foot: $2,247
• Seller: Miranda Kerr; Evan Spiegel - Snapchat
• Brokers: Barbara Duskin & Drew Fenton - Carolwood Estates

The seller, Evan Spiegel, who is the CEO of Snapchat, originally purchased the residence for $12 million in 2016. This sale follows a price reduction from $19.95 million to $17.75 million earlier in July 2024. The couple's focus has shifted towards selling another property, having recently acquired a new compound in Los Angeles valued at $120 million.