NOT LISTED FOR SALE

11870 Coral Reef Ln Malibu, CA 90265

Estimated Value: $1,268,000 - $1,392,570

2 Beds
2 Baths
1,044 Sq Ft
1,742 Sq Ft Lot

Last Sold July 22, 2020

Last sale price $868,750 $832 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $8,542/month

Highlights

  • Ocean View
  • Gated Community
  • Modern Architecture
  • In Ground Pool
  • Wood Flooring
  • Breakfast Bar

About This Home

As of September 2023

Stunning sunrise and sunset views from this newly renovated one level condo in Malibu Bay Club! Experience peaceful resort living and mesmerizing ocean views from this 2 bedroom + 2 bathroom condo, located inside the gates of Malibu Bay Club. This unit is bright and light, offers two newly renovated bathrooms with premium finishes, as well as an exquisitely redesigned chef's kitchen and an extra large deck for morning coffee or an evening glass of wine. The primary bedroom has a large closet with a full bathroom ensuite. The second bedroom is adjacent to the other full bathroom. Brand new in unit stacked washer/dryer. Two parking spaces are available; one inside the carport and the second dedicated on the driveway across form the unit. The complex offers direct access to the beach and a great surfing spot. As well, there is a heated pool and spa. The community is about a 10-minute drive to the Trancas Shopping Center located across from Zuma Beach. Restaurant options include Kristy's Village Cafe, Malibu Brewing Company and Starbucks. In addition, there are unique retail stores, a Wells Fargo Bank and Vintage Grocers.

Last Agent to Rent the Property

Laura Alfano

Compass License #02064718 Listed on: 06/30/2023

Compass

Last Renter's Agent

Britney Smits

Pinnacle Estate Properties License #01934992

Pinnacle Estate Properties

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,013

Year Built

  • Built in 1974

Lot Details

  • 1,742

Property Views

  • Ocean
  • Coastline

Home Design

  • Modern Architecture

Interior Spaces

  • 1,044 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Freezer
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • Garage
  • 1 Attached Carport Space
  • Parking Storage or Cabinetry
  • Driveway
  • Assigned Parking
  • Controlled Entrance

Additional Features

  • In Ground Pool
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Security Deposit $12,000
  • Tenant pays for cable TV, electricity, water
  • 12 Month Lease Term
  • Assessor Parcel Number 700-0-230-245

Community Details

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated Community

Condo Details

Home Type

Condominium

Est. Annual Taxes

$15,013

Year Built

Built in 1974

Lot Details

0

Rental Info

  • Furnished: Furnished Or Unfurnished
  • Security Deposit: 12000
  • Tenant Pays: Cable TV, Electricity, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Modern
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1044
  • Lot Acreage: 0.0400
  • Stories: 1
  • Year Built: 1974
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Wood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Kitchen, In Unit, Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Ice Maker, Washer, Refrigerator
  • Price Per S Q F T: 5.75

Exterior Features

  • Pool Description: In Ground, Association Pool, Community
  • Pool: Yes
  • View: Coastline, Ocean
  • View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Other Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Assigned, Built-In Storage, Carport, Carport Attached, Controlled Entrance, Driveway

Utilities

  • Heating: Wall Electric

Association/Amenities

  • Amenities: Gated Community, Assoc Maintains Landscape, Pool
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 700-0-230-245
  • Lot Size Area: 1742

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2023
Sold by
Withrow Nicole A
Bought by
Wagner Anthony J
Current Estimated Value
$1,331,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Outstanding Balance
$372,737
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$936,474

Purchase Details

Listed on
May 9, 2020
Closed on
Jun 23, 2020
Sold by
Hambel Deborah Lynn and Pralle Michael Edward
Bought by
Wagner Anthony J and Withrow Nicole A
Seller's Agent
Deborah Teno
Pinnacle Estate Properties
Buyer's Agent
Wendy Carroll
Westside Estate Agency-Malibu
List Price
$887,500
Sold Price
$868,750
Premium/Discount to List
-$18,750
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%
Original Mortgage
$593,750
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 1995
Sold by
Neidorf Murray H and Ross Richard R
Bought by
Schroer Shirley K

Purchase Details

Closed on
Nov 1, 1993
Sold by
Schroer Shirley
Bought by
Schroer Shirley K
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

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Rented $6,200 +3.3% --
06/30/2023 06/30/23 For Rent $6,000 0.0% --
07/22/2020 07/22/20 Sold $868,750 -2.1% $832 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
05/09/2020 05/09/20 For Sale $887,500 0.0% $850 / Sq Ft
05/08/2019 05/08/19 Rented $3,800 -3.8% --
02/27/2019 02/27/19 For Rent $3,950 -- --
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 $15,013 $1,122,511 $728,178 $394,333
2024 $15,013 $1,100,501 $713,900 $386,601
2023 $13,310 $906,447 $587,306 $319,141
2022 $12,714 $888,725 $575,790 $312,935
2021 $12,462 $868,750 $564,500 $304,250
2020 $6,035 $376,436 $264,888 $111,548
2019 $7,589 $369,056 $259,695 $109,361
2018 $7,475 $361,820 $254,603 $107,217
2017 $7,311 $354,726 $249,611 $105,115
2016 $7,177 $347,771 $244,717 $103,054
2015 $7,223 $342,549 $241,042 $101,507
2014 $6,550 $335,840 $236,321 $99,519
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-286457

The MLS

APN: 700-0-230-245