Kurt Rappaport, a leading real estate agent in LA, purchased a Malibu beach house for $22.5 million, significantly below its original asking price of $42.5 million.
Rappaport described the Malibu purchase as a 'charming and idyllic beach house on one of the best lots,' highlighting its location on Malibu Road.
With over $691 million in sales volume, Rappaport ranks as the third top agent in Los Angeles County, showcasing his expertise in high-value real estate transactions.
Rappaport's Malibu acquisition is part of an extensive portfolio, having previously sold a bluff-top home for a staggering $120 million, indicating his deep involvement in the luxury market.
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