Byron Allen is an interesting person to say the least, with a fascinating rags to riches story like no other. The owner of the weather channel is no stranger to history making turns in the news – then he went and purchased the most expensive single piece of real estate owned by a black American billionaire.
The realty sale that rocked the world
On October 10, 2022, media mogul Byron Allen made headlines when he purchased the luxurious property located at 27628 Pacific Coast Highway in Malibu, California. This grand estate features 8 bedrooms, 12 bathrooms, and a sprawling 10,698 square feet mansion situated on 3.5 acres of land.
The estate overlooks the stunning Paradise Cove Bluff in Malibu, which provides breathtaking views of the Pacific Ocean and provides a perfect backdrop for entertaining. The estate also includes a long private driveway, a huge motor court, a magnificent pool, and a large grassy area for outdoor activities.
Sales of $100,000,00 estates not slowing even with inflation
The estate was listed for $100 million and the deal was closed in a matter of days. The estate was clearly a steal, considering the fact that the sale price was significantly lower than the estimated value of the estate.
Byron Allen is no stranger to buying and selling luxury properties, and this purchase is just the latest in a long line of impressive investments. He has a long history of investing in real estate, and this latest acquisition is sure to pay off in the future.
The purchase of the luxurious property at 27628 Pacific Coast Highway in Malibu, California is yet another example of Byron Allen’s savvy business acumen and his commitment to investing in quality real estate. With its stunning views and luxurious amenities, this estate is sure to be the envy of many.