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
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.
Players
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