Point Dume, Malibu · Provenance Record
28719 Grayfox Street, Point Dume
$80,000,000 · recorded 2025
Malibu, CA
A two-parcel Point Dume holding that traded off market for $80 million, recorded with the Los Angeles County Recorder on July 29, 2025 and the highest reported residential price in Malibu that year.
The seller was Surfwatch LLC, a Wyoming entity managed by Wendy Schreiber Fiske. The buyer was PDPG LLC, registered to a Longview, Texas address. A roughly 1,300-square-foot house stands on the 1.4-acre parcel; the adjoining 1.6-acre parcel is vacant, which places the value in the land rather than the improvement.
Sale Price
$80,000,000
Record Date
July 29, 2025
Status
Closed, off market
Property Type
Land and Residence, two parcels
Listing Agent(s)
Listing Brokerage
Compass
Buyer’s Agent(s)
Chris Cortazzo, same agent both sides
Buyer’s Brokerage
Compass
Ownership Lineage
Every press-verified change of hands on record for this property, in order.
Sold · $80,000,000
Point Dume parcels trade off market for $80 million
The deed is recorded with the Los Angeles County Recorder’s Office on July 29, 2025. Surfwatch LLC sells to PDPG LLC in a transaction conducted off market. The Real Deal’s initial report noted that no brokerage involvement was known at the time.
Sources: The Real Deal
Representation confirmed
The Real Deal names Chris Cortazzo on both sides
In its year-end review of the 2025 record sales, The Real Deal reported that Chris Cortazzo of Compass represented both sides of the Grayfox Street trade, and ranked the deal third among the year’s largest Los Angeles residential transactions.
Sources: The Real Deal
Press Citations
Every fact on this page traces to one of these sources.
The Real Deal
Malibu Property on Grayfox Street Sells for $80M
The Real Deal reported the $80 million off-market sale of the two-parcel Grayfox Street property on Point Dume, recorded July 29, 2025, naming Surfwatch LLC as seller and PDPG LLC as buyer.
August 2025
The Real Deal
What Home Sales Shattered Records in 2025?
The year-end review placed 28719 Grayfox Street third among 2025’s largest Los Angeles residential sales and reported that Compass agent Chris Cortazzo represented both sides of the $80 million trade.
December 2025
How This Record Was Verified
- Method
- Compiled from The Real Deal’s reporting on the recorded deed and from its year-end review of 2025 sales.
- Open entries
- Representation was not known when the sale was first reported and was published four months later in the year-end review, which is the single source naming the agent. The beneficial owner behind PDPG LLC has not been reported. No bedroom count, year built or architect has been published for the existing structure.
- Sources
- The Real Deal, in two separate reports linked in full above.
- Corrections
- Unconditional and not contingent on any commercial relationship. See Corrections Policy.