The sale price has cleared public records for the 1.84-acre oceanfront estate at 27460 Pacific Coast Highway in the Paradise Cove area of Malibu, Calif. that actress Courteney Cox and her husband, actor David Arquette, purchased: $9,150,000.
As Big Time Listings exclusively reported on Feb. 2, while the couple has listed their extensively renovated, architecturally significant house at 22426 Pacific Coast Highway on Carbon Beach in Malibu for a whopping $33.5 million, they aren't leaving Malibu by any stretch. On Jan. 11, Cox/Arquette closed on the purchase of the five-bedroom, 2,142-square-foot house on a 1.22-acre parcel at 27460 Pacific Coast Highway, which was built in 1950, and an adjacent, 750-square-foot house on a 0.62-acre tract at 27466 Pacific Coast Highway that was built in 1948. The estate had been for sale last year with the price available only on request.
Now, in a Big Time Listings exclusive, we can report that the couple paid $9,150,000 for the spread. It remains to be seen whether they'll get anywhere near their asking price for their Carbon Beach property, and also how they will eventually develop their new property. We stand ready to share with you all details as we get them.