Paycom co-founder buys beachfront estate in Malibu for $15M

Shannon Rowe, co-founder of Paycom, has bought a beachfront home in Malibu for $14.8 million.

Rowe and her husband, Rob Rowe, purchased the nearly 4,800-square-foot home at 27140 Malibu Cove Colony Drive, Dirt.com reported.

The deal came three years after Shannon Rowe’s brother, billionaire Paycom CEO Chad Richison, bought a 3,800-square-foot home in Malibu for $26.5 million. Paycom is a website with software that manages payroll and human resource management for companies.

The five-bedroom, six-bathroom home acquired by his older sister sits in a gated enclave on an almost quarter-acre with 70 feet of beach frontage.

The two-story home, built in 1998, sits on piers above the beach. It has wide-plank oak floors, high ceilings and walls of glass that open onto balconies with Pacific Ocean views from Santa Monica to Point Dume.

Its foyer has a sky-lit atrium surrounded by a curving stairway, sheathed in white. Beyond its living room and fireplace is a media room and wet bar. It has a formal dining room. An all-white kitchen has top appliances, an eat-in bar and a breakfast nook.

Upstairs, a master bedroom has a lounge, office/fitness room, custom walk-in closet and a marble-and-limestone bath with dual vanities, a dressing area, soaking tub and shower. 

The front yard has a patio with a fire-pit and lounge, hot tub, grilling station and outdoor shower. 

The home came with a membership at Sycamore Park Tennis Club across the street.

Broker Chris Cortazzo of Compass held the listing.

Rowe, who helped launch Paycom with her younger sibling, beginning as vice president of operations in 1998, has a custom-built mansion in the northwest Oklahoma town of Edmond. 

— Dana Bartholomew