Updated Aug 3, 2026
Stephen Samuel Of Evolve Realty & Development Acquires Malibu Beachfront Home For $13.75M
24146 Malibu Road
$13,750,000
$3,182/SF
Building Size
4,320 SF
Asset Type
Single Family
Closing
Jul 8, 2026
About this deal
AI
A single-family beachfront home located at 24146 Malibu Road in Malibu, CA, has been sold for $13,750,000. This property spans 4,320 square feet, translating to a price per square foot of $3,183. The home was previously listed with an asking price of $16.5 million in 2025 before undergoing multiple price reductions.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,750,000
- Square Footage: 4,320
- Price Per Square Foot: $3,183
- Address: 24146 Malibu Road
- Market: Malibu, CA
- Buyer's Name: Stephen Samuel
- Buyer’s Representative: Myra Nourmand - Nourmand & Associates
- Seller’s Representative: Britney Smits - Pinnacle Estate Properties
The beachfront home was acquired by Evolve Realty & Development, representing buyer Stephen Samuel. Britney Smits of Pinnacle Estate Properties listed the property, which was formerly owned by celebrities Barry Manilow and Pink.
On the Map
$13,750,000
$3,182/SF
Single Family
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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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93