Paradise Cove, Malibu · Provenance Record
27832 Pacific Coast Highway, Paradise Cove
$55,000,000 · recorded 2026
Malibu, CA
The Paradise Cove estate of former Los Angeles Dodgers owner Peter O’Malley, sold for $55 million in a deal that closed July 29, 2026. The buyer was a joint venture of Kurt Rappaport of Westside Estate Agency, Jack Harris and Michael Fahimian of The Beverly Hills Estates, and architect Scott Mitchell.
The 8,775-square-foot house was built in 1994 to a Marc Appleton design intended to evoke a Greek coastal village, on a flat 2.3-acre beachfront lot. The venture has said it intends a full redevelopment in board-formed concrete and anticipates a resale above $200 million.
Sale Price
$55,000,000
Record Date
July 29, 2026
Status
Closed
Property Type
Single-Family Estate, beachfront
Listing Agent(s)
Listing Brokerage
Westside Estate Agency
Buyer’s Agent(s)
Jack Harris & Michael Fahimian, principals in the buying joint venture
Buyer’s Brokerage
The Beverly Hills Estates
Ownership Lineage
Every press-verified change of hands on record for this property, in order.
Sold · $11,000,000
Peter O’Malley buys the Paradise Cove estate
The former Los Angeles Dodgers owner acquires the 1994-built house on 2.3 beachfront acres for about $11 million.
Sources: Santa Monica Mirror
Listed · $85,000,000 to $74,500,000
The estate is offered at $85 million, withdrawn, then relisted lower
The property first comes to market in 2024 at $85 million and is withdrawn shortly after the January 2025 wildfires. It returns in October 2025 at $74.5 million with Kurt Rappaport representing the seller.
Sources: The Real Deal
Sold · $55,000,000
A broker joint venture buys for $55 million with redevelopment planned
The estate sells for $55 million to a joint venture comprising Kurt Rappaport of Westside Estate Agency, Jack Harris and Michael Fahimian of The Beverly Hills Estates, and architect Scott Mitchell. The venture states that nothing of the existing structures will remain, that the new build will be similar in size, and that it anticipates a resale above $200 million. Permits had not been secured at the time of reporting.
Sources: The Real Deal, Santa Monica Mirror
Press Citations
Every fact on this page traces to one of these sources.
The Real Deal
Joint Venture Buys Former Dodgers Owner’s Malibu Mansion
The Real Deal reported the $55 million purchase of Peter O’Malley’s 8,775-square-foot Paradise Cove estate by a venture of Kurt Rappaport, Jack Harris, Michael Fahimian and Scott Mitchell, with Rappaport having represented the seller on the October 2025 relisting.
July 2026
The Real Deal
Ex-LA Dodgers owner puts Malibu mansion back on market for nearly $75M
Reported the October 2025 relisting at $74.5 million with Kurt Rappaport of Westside Estate Agency, detailing the six-bedroom house on roughly 2.3 acres with tennis court, pool and guest house.
October 2025
Santa Monica Mirror
Former Dodgers owner Peter O’Malley sells Malibu estate for $55 million
Confirmed the $55 million sale and O’Malley’s 2001 purchase at about $11 million, and credited the Greek-inspired design of the 2.27-acre beachfront property to architect Marc Appleton.
August 2026
How This Record Was Verified
- Method
- Compiled from published editorial coverage of the relisting and the closed sale.
- Open entries
- No separate buy-side brokerage engagement is reported. The listing agent was also a principal in the buying venture, and the press does not address how that was disclosed. The buying entity has not been named.
- Sources
- The Real Deal, in two reports, and the Santa Monica Mirror, each linked in full above.
- Corrections
- Unconditional and not contingent on any commercial relationship. See Corrections Policy.