NOT LISTED FOR SALE

18242 Wakecrest Dr Malibu, CA 90265

Estimated Value: $3,508,000 - $4,180,039

4 Beds
3 Baths
2,275 Sq Ft
$1,735/Sq Ft Est. Value

Last Sold February 28, 2024

Last sale price $4,750,000 $2,088 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $24,976/month

4 Days on Market

Highlights

  • Ocean View
  • Built in 1962 | Newly Remodeled
  • Gourmet Kitchen
  • Webster Elementary School Rated A
  • Heated In Ground Pool
  • Primary Bedroom Suite

About This Home

As of February 2024

Coastal Zen Retreat Custom organic modern remodel boasts a dramatic indoor / outdoor concept plan with high-end finishes throughout. Plenty of natural light in this single level 4 bdrm 3 ba SFR. This space is perfect for entertaining guests or enjoying a quiet evening at home. Desirable South facing reimagined single level masterpiece also features Swimmer's "Endless Pool", Built-in BBQ area. Spectacular Coastline Ocean, Catalina & Mt. views. School district is the desirable Santa Monica / Malibu USD. Sunset Mesa Community is conveniently located off PCH near The Getty Villa between Pacific Palisades & Malibu.

Last Agent to Sell the Property

Cecile Billauer Gifford

Berkshire Hathaway HomeServices California Properties License #00910997 Listed on: 02/01/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Lucas Cintra

Christie's International Real Estate SoCal License #02103512

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962 | Newly Remodeled

Lot Details

  • 6,218 Sq Ft Lot
  • South Facing Home
  • Glass Fence
  • Wrought Iron Fence
  • Front Yard Sprinklers
  • Property is zoned LCR106

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Modern Architecture
  • Slab Foundation
  • Plaster Walls
  • Composition Roof
  • Copper Plumbing
  • Stone Veneer
  • Stucco

Interior Spaces

  • 2,275 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Skylights
  • Double Pane Windows
  • Tinted Windows
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Engineered Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Low Flow Toliet
  • Double Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Lights

Pool

  • Heated In Ground Pool
  • Exercise
  • Heated Spa
  • Pool Cover

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4443-008-010

Home Details

Home Type

Single Family

Year Built

Built in 1962 | Newly Remodeled

Lot Details

6,218 Sq Ft Lot

HOA Fees

$10 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Sunset Mesa HOA
  • Disability Access: 7 foot or more high garage door(s), 32 inch or more wide doors, 36 inch or more wide halls, No Interior Steps
  • Living Area: 2275
  • Lot Acreage: 0.1427
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: New Construction
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, Plaster Walls
  • Flooring: Engineered Hardwood
  • Appliances: Cooktop - Gas, Built-In BBQ, Built-Ins, Oven, Range, Range Hood, Microwave, Gas
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Ground Floor Master, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Shower, Fiberglass Shower Enclosure, Granite, Remodeled, Low Flow Toilet(s), Low Flow Shower(s)
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Island, Remodeled
  • Laundry: Laundry Closet Stacked, Inside
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Garbage Disposal, Freezer, Dryer, Dishwasher, Microwave, Washer, Refrigerator, Network Wire
  • Price Per S Q F T: 1956.04
  • Windows: Double Pane Windows, Drapes/Curtains, Skylights, Tinted Windows, Window Blinds

Exterior Features

  • Direction Faces: South
  • Construction: Stone Veneer, Stucco
  • Other Features: Custom Built, Energy Efficient, Barbecue Private, Full Copper Plumbing
  • Other Structures: None
  • Foundation Details: Slab
  • Fence: Glass/Plexiglass, Wrought Iron
  • Patio: Covered
  • Pool Description: Exercise Pool, Heated, Pool Cover
  • Pool: Yes
  • Roof: Composition
  • Spa: Private, Heated
  • Spa Yn: Yes
  • View: Catalina, City Lights, Coastline, Mountains, Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Attached

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Gas, Tankless
  • Cooling: Air Conditioning, Central, Multi/Zone, Dual
  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Security: Owned
  • Sewer: In Connected and Paid
  • Water: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 125.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Sprinklers: Front
  • Assessor Parcel Number: 4443-008-010
  • Lot Description: Fenced, Exterior Security Lights, Utilities Underground
  • Lot Size Area: 6218

Rental Info

  • Furnished: Furnished Or Unfurnished

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Feb 15, 2024
Sold by
Yahav Matan
Bought by
Jabbarzadeh Ehsan
Seller's Agent
Cecile Billauer Gifford
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Lucas Cintra
Christie's International Real Estate SoCal
List Price
$4,450,000
Sold Price
$4,750,000
Premium/Discount to List
$300,000
6.74%
Views
25
Current Estimated Value
$3,947,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$802,654
Avg. Annual Appreciation
-8.97%

Purchase Details

Closed on
Oct 26, 2023
Sold by
18242 Wakecrest Drive Llc
Bought by
Yahav Matan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2023
Sold by
Reut Biran
Bought by
Yahav Matan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2022
Sold by
Reut Biran
Bought by
Yahav Matan

Purchase Details

Closed on
Nov 11, 2021
Sold by
Mcgee Family Trust
Bought by
18242 Wakecrest Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,425,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 1997
Sold by
Mcgee Daniel
Bought by
Mcgee Daniel and Mcgee Pauline E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jabbarzadeh Ehsan $4,750,000 California Title Company
Yahav Matan -- Fidelity National Title
Yahav Matan -- Fidelity National Title
Yahav Matan -- Fidelity National Title
Yahav Matan -- Ticor Title
18242 Wakecrest Drive Llc $2,250,000 California Title Company
Mcgee Daniel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yahav Matan $3,000,000
Previous Owner Yahav Matan $3,000,000
Previous Owner 18242 Wakecrest Drive Llc $2,425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2024 02/28/24 Sold $4,750,000 +6.7% $2,088 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $4,450,000 -- $1,956 / Sq Ft
Source: The MLS

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 $55,576 $4,845,000 $4,519,824 $325,176
2024 $55,576 $4,750,000 $4,000,000 $750,000
2023 $27,491 $2,295,000 $1,734,000 $561,000
2022 $27,119 $2,250,000 $1,700,000 $550,000
2021 $3,296 $198,806 $97,814 $100,992
2019 $3,227 $192,912 $94,914 $97,998
2018 $3,010 $189,130 $93,053 $96,077
2016 $2,488 $181,789 $89,441 $92,348
2015 $2,836 $179,059 $88,098 $90,961
2014 $2,440 $175,553 $86,373 $89,180
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Cecile Billauer Gifford

    Berkshire Hathaway HomeServices California Properties

    Section Image

  • L

    Buyer's Agent in 2024

    Lucas Cintra

    Christie's International Real Estate SoCal

    (310) 500-3900

    1 in this area

    24 Total Sales

    Lucas Cintra
    Section Image

  • E

    Buyer Co-Listing Agent in 2024

    Emily Gaul

    Christie's International Real Estate SoCal

    (310) 230-5478

    1 in this area

    18 Total Sales

    Emily Gaul
    Section Image
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Map

Source: The MLS

MLS Number: 24-347309

The MLS

APN: 4443-008-010

California Los Angeles County Malibu 90265

18242 Wakecrest Dr, Malibu, CA

Not Listed for Sale

Detached

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