NOT LISTED FOR SALE

11848 Coral Reef Ln Malibu, CA 90265

Estimated Value: $1,429,351 - $1,604,000

2 Beds
1.5 Baths
1,295 Sq Ft
$868/mo HOA Fee

Last Sold February 04, 2022

Last sale price $1,381,000 $1,066 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,709/month

123 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • Gated Community
  • Penthouse
  • Oceanside
  • Contemporary Architecture

About This Home

As of February 2022

Enjoy your new Malibu paradise! Subzero refrigerator, beautiful modern kitchen and bathroom with free-standing shower and tub. Powder room off the living room. The condo is located in the westernmost corner showcasing the ocean view surrounding you and all you can see. The property is larger than most of the other condos in the Bay Club, and is a coveted penthouse unit with unending ocean views! The deck will support your lounges, and will make your sea-side escape dreams come true. A contemporary ceiling fan cools the living room and new flooring adds a gorgeous touch to your home away from home. Next to world renown surf spots, come live the getaway life in Malibu at the beach!

Last Agent to Sell the Property

Kathy Ellis

Coldwell Banker Realty License #01320487 Listed on: 10/09/2020

Coldwell Banker Realty

Last Buyer's Agent

Rosanna Locke

Coral Tree Real Estate Service License #00931611

Coral Tree Real Estate Service

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,633

Year Built

  • Built in 1974

Lot Details

  • 1,742

HOA Fees

  • $868 Monthly HOA Fees

Property Views

  • Ocean
  • Panoramic

Home Design

  • Penthouse
  • Contemporary Architecture

Interior Spaces

  • 1,295 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Dining Area
  • Laminate Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 1 Attached Carport Space
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Oceanside
  • Open Patio

Additional Features

  • Gated Home
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 700-0-230-165

Community Details

Overview

  • 155 Units

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,633

Year Built

Built in 1974

Lot Details

0

HOA Fees

$868 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: Enjoy your new Malibu paradise! Subzero refrigerator, beautiful modern kitchen and bathroom with free-standing shower and tub. Powder room off the living room. The condo is located in the westernmost corner showcasing the ocean view surrounding you and all you can see. The property is larger than most of the other condos in the Bay Club, and is a coveted penthouse unit with unending ocean views! The deck will support your lounges, and will make your sea-side escape dreams come true. A contemporary ceiling fan cools the living room and new flooring adds a gorgeous touch to your home away from home. Next to world renown surf spots, come live the getaway life in Malibu at the beach!
  • Complex Name: The Maibu Bay Club
  • Entry Floor: 2
  • Living Area: 1295
  • Lot Acreage: 0.0400
  • Planned Urban Dev: 0
  • Stories: 1
  • Unit Floor In Building: 2
  • Year Built: 1974
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Dining Area
  • Laundry: Inside, Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1065.64

Exterior Features

  • Pool Description: Heated, In Ground, Community
  • Pool: Yes
  • Spa: Community, Heated, In Ground
  • Spa Yn: Yes
  • View: Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Other Spaces: 2
  • Covered Parking: 1
  • Parking Garage: Assigned, Carport, Carport Attached, Uncovered
  • Total Parking: 3

Utilities

  • Heating: Wall Electric
  • Security: Gated, Community

Association/Amenities

  • Amenities: Pool, Spa, Gated Community
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 868.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 700-0-230-165
  • Lot Location: Ocean Side Of Highway 1
  • Lot Size Area: 1742

Multi Family

  • Number Of Units: 155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2021
Sold by
Gibson and Carla
Bought by
Cowgill Trust
Current Estimated Value
$1,524,088

Purchase Details

Listed on
May 23, 2018
Closed on
Aug 22, 2018
Sold by
Ritchie Lauren A and Shatz Leslie
Bought by
Gibson Gil and Gibson Carla
Seller's Agent
Shelly Yrigoyen
Sotheby's International Realty
Buyer's Agent
Kathy Ellis
Coldwell Banker Realty
List Price
$985,000
Sold Price
$950,000
Premium/Discount to List
-$35,000
-3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%
Original Mortgage
$450,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2013
Sold by
Ritchie Lauren A and Shatz Leslie
Bought by
Ritchie Lauren A

Purchase Details

Closed on
Dec 27, 2012
Sold by
Ritchie Lauren A
Bought by
Ritchie Lauren A and Shatz Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
3.27%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 7, 2009
Sold by
Ritchie Lauren Alexandra
Bought by
Ritchie Lauren A

Purchase Details

Closed on
Feb 15, 2009
Sold by
Shatz Leslie Alan
Bought by
Ritchie Lauren Alexandra

Purchase Details

Closed on
Sep 18, 2006
Sold by
Rohatiner Marc and Rohatiner Lynn
Bought by
Shatz Leslie Alan and Ritchie Lauren Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 1995
Sold by
Chapman Niles D and Chapman Patricia J
Bought by
Rohatiner Marc and Rohatiner Lynn
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cowgill Trust $1,381,000 Equity Title
Gibson Gil $950,000 Equity Title
Ritchie Lauren A -- None Available
Ritchie Lauren A -- Lawyers Title
Ritchie Lauren A -- None Available
Ritchie Lauren Alexandra -- None Available
Shatz Leslie Alan $950,000 Fidelity National Title
Rohatiner Marc $206,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibson Gil $450,000
Previous Owner Ritchie Lauren A $55,500
Previous Owner Ritchie Lauren A $417,000
Previous Owner Ritchie Lauren $250,000
Previous Owner Shatz Leslie Alan $750,000
Previous Owner Rohatiner Marc $450,000
Previous Owner Rohatiner Marc $158,500
Previous Owner Rohatiner Marc $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $1,381,000 +0.1% $1,066 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $1,380,000 0.0% $1,066 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
10/09/2020 10/09/20 For Sale $1,380,000 +45.3% $1,066 / Sq Ft
09/17/2018 09/17/18 Sold $950,000 -3.6% $734 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $985,000 -- $761 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,633 $1,465,527 $952,434 $513,093
2024 $18,633 $1,436,792 $933,759 $503,033
2023 $18,953 $1,408,620 $915,450 $493,170
2022 $13,913 $998,618 $649,102 $349,516
2021 $13,669 $979,038 $636,375 $342,663
2020 $12,658 $969,000 $629,850 $339,150
2019 $14,010 $950,000 $617,500 $332,500
2018 $12,275 $794,000 $680,000 $114,000
2017 $12,963 $870,000 $745,000 $125,000
2016 $12,120 $803,000 $688,000 $115,000
2015 $11,829 $762,000 $653,000 $109,000
2014 $10,723 $720,000 $617,000 $103,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-644244

The MLS

APN: 700-0-230-165