Chris Martin Sells One Point Dume Estate, Quickly Buys Another

Late last year, Chris Martin shelled out $12.5 million for a lavish estate on Malibu’s Point Dume, arguably the West Coast neighborhood equivalent of the Hamptons. Once owned by controversial Hollywood producer Ryan Kavanaugh, the one-acre property includes a 5,300-square-foot, Nantucket-inspired mansion and a detached guesthouse, both of them protected by big gates and top-notch security systems. Martin reportedly shared the property with his partner, actress Dakota Johnson.
But times change. Records reveal Martin has now sold that landlocked house. And the English musician reaped the fruits of a red-hot real estate market — his off-market deal closed at $14.4 million, a hefty $1.9 million more than Martin paid for the place just 14 months ago. The spendy buyer is Florence Azria, wife of fashion mogul Serge Azria.

READ THE FULL STORY AT Dirt.com

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