Richard Saghian Of Fashion Nova Acquires Malibu Single Family Home For $40M

The single-family property located in Malibu has been sold in a recent transaction. The property, spanning 6,000 square feet, was purchased by Richard Saghian, the founder of Fashion Nova. The seller, Lee Samson, represented Windsor Healthcare Management. The sale was facilitated by Stuart Vetterick and Branden Williams from Hilton & Hyland, who acted as the buyer's representatives. On the seller's side, Gayle Pritchett from Pritchett – Rapf Realtors and Chris Cortazzo from Compass served as the seller's representatives.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $40,000,000
• Square Footage: 6,000
• Buyer: Richard Saghian - Fashion Nova
• Seller: Lee Samson - Windsor Healthcare Management
• Buyer's Representatives: Stuart Vetterick - Hilton & Hyland; Branden Williams - The Beverly Hills Estates
• Seller's Representatives: Gayle Pritchett - Pritchett – Rapf Realtors; Chris Cortazzo - Compass

The property was sold for a total of $40,000,000, resulting in a price per square foot of $6,667.