Coldplay frontman Chris Martin is doing the Malibu real estate shuffle. Just last year, Martin picked up a 5,300 square-foot, Point Dume estate for $12.5 million, but it seems as though this market was just too enticing to stay away.
According to Dirt, Martin has sold the property for $14.4 million—netting $1.9 million in profit in just 14 months!
Despite already owning another property in Malibu, Martin appears to have take his profit and thrown some more cash into the market, buying another Point Dume property for $14 million.
Located just blocks away from the home he just sold (seen in this post), the new purchase comes with less interior living space at 3,500 square feet, but a much larger lot than the last home.
The purchase also includes beach keys to the exclusive Little Dume Beach.
Martin’s new home last sold for $7.4 million in 2017, according to Dirt.
Both transactions were completed off market.