The Malibu market is still on a hot streak. The latest example: Co-founder of healthcare company GoodRX paid $39.4 million for a beach house in the exclusive community, according to Dirt.com.
Trevor Bezdek and his wife, Jana, bought the 5,000-square-foot home on Malibu Road in an off-market deal. The seller was hedge funder Mitch Julis, according to the report.
Julis bought the home in 2010 for $21.5 million, meaning the property was a very good investment. He also rented it out for around $6 million during his ownership.
Meanwhile, Bezdek’s net worth reportedly rocketed into the hundreds of millions of dollars when Santa Monica-based GoodRX went public this fall. The company’s primary products are a telehealth portal and a prescription drug marketplace and coupon platform.
Bezdek — who the report noted is also a licensed real estate agent — and his wife own another home in Malibu. They paid $4.5 million for a house on Las Flores beach in 2019. They also bought a mansion in Brentwood in 2018 for $15 million.
The Malibu Road house was built in 1998 and has six bedrooms and six bathrooms. There are three structures on the roughly half-acre property — a two-car garage with living space above, a guest house, and the main house toward the beach side of the property.
The Bezdek buy is one of several eight-figure deals in the city this year. The priciest purchase in 2021 was Whatsapp co-founder Jan Koum’s $87 million buy in Paradise Cove. Meanwhile, developer Rick Caruso is asking $40 million for his beach house in the city.
[Dirt] — Dennis Lynch