NOT LISTED FOR SALE

18308 Wakecrest Dr Malibu, CA 90265

Estimated Value: $2,212,000 - $4,150,569

3 Beds
2 Baths
1,922 Sq Ft
$1,656/Sq Ft Est. Value

Last Sold October 29, 2024

Last sale price $4,000,000 $2,081 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $17,988/month

56 Days on Market

Highlights

  • White Water Ocean Views
  • Heated In Ground Pool
  • Spanish Architecture
  • Webster Elementary School Rated A
  • Living Room with Fireplace
  • Granite Countertops

About This Home

As of October 2024

Discover this stunning, one-of-a-kind Rustic Spanish home with panoramic ocean views at 18308 Wakecrest Dr. in the highly sought-after community of Sunset Mesa. This exquisite residence offers breathtaking vistas of the ocean, the iconic Queen's Necklace from Malibu to Palos Verdes, and Catalina Island. With meticulously designed outdoor spaces that seamlessly extend the indoor living area, every corner of this property is maximized, giving the impression of a significantly larger interior. The interior boasts a living room with American clay plaster walls and a stunning Eldorado stone fireplace, complemented by built-in surround sound system. The kitchen is a chef's dream, equipped with an AGA range, custom matching hood, distressed Douglas fir cabinets, granite countertops, hammered copper farm sink, and custom copper bar countertop. The primary bedroom includes an Eldorado stone accent wall, Ralph Lauren suede paint, and sliding door access to the front patio, while the guest rooms feature similar luxurious finishes. Both full baths are adorned with imported slate countertops and showers, Eldorado stone accent walls, hammered copper sinks, custom antique pine vanities, and oil-rubbed bronze fixtures.Outdoor features include a 530 sq. ft. central courtyard acting as an outdoor living room with seating, dining area, fountain, fire pit, and retractable Sunbrella canvas awnings. The 300 sq. ft. front courtyard features a custom fire pit and fountain combo with seating. The backyard includes a pool/spa combo with a waterfall, swim jets, motorized cover, built-in entertaining area with BBQ, and a fireplace. The area is surrounded by Eldorado stone walls, pavers, a solid wood overhang, and custom cedar wood fencing.Enjoy unmatched ocean views, year-round indoor/outdoor living, and single-level convenience. Nestled in the coveted Sunset Mesa neighborhood, this property is just minutes away from the beach and Santa Monica, offering the perfect blend of tranquility and convenience. It's just ten minutes to Palisades Village and fifteen minutes to Nobu. Revel in the convenience of a walkable neighborhood, private trail access to Topanga State Park, and an exclusive Getty Villa access card. This exceptional residence is not just a home; it's a lifestyle, offering a seamless blend of design and coastal elegance.

Last Agent to Sell the Property

Eric Haskell

The Agency License #01866805 Listed on: 07/22/2024

The Agency

Co-Listed By

Blake Varga

The Agency License #02026314

Last Buyer's Agent

Hengame Abaghi

Keller Williams Luxury License #01973066

Keller Williams Luxury

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • 6,546 Sq Ft Lot
  • South Facing Home
  • Landscaped
  • Property is zoned LCR106

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Spanish Architecture
  • Turnkey

Interior Spaces

  • 1,922 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range with Range Hood
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Waterfall Pool Feature
  • Pool Cover
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Grill

Utilities

  • Forced Air Zoned Cooling and Heating System

Listing and Financial Details

  • Assessor Parcel Number 4443-007-039

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1922
  • Lot Acreage: 0.1503
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Turnkey
  • Fireplace Rooms: Living Room, Patio
  • Flooring: Tile
  • Appliances: Range Hood, Oven, Range
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area, Breakfast Nook
  • Kitchen Features: Granite Counters
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven, Washer, Dryer, Refrigerator, Dishwasher, Barbeque
  • Fireplace: Yes
  • Price Per S Q F T: 2185.22

Exterior Features

  • Direction Faces: South
  • Other Features: Barbecue Private
  • Other Structures: None
  • Patio: Covered, Enclosed
  • Pool Description: Waterfall, Pool Cover, Heated
  • Pool: Yes
  • Spa: In Ground, Heated
  • Spa Yn: Yes
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Forced Air

Condo/Co-op/Association

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

Lot Info

  • Assessor Parcel Number: 4443-007-039
  • Lot Description: Street Paved, Street Lighting, Sidewalks, Landscaped, Curbs
  • Lot Size Area: 6546

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2025
Sold by
Mardanpour Morteza and Rostamian Gloria
Bought by
Wakecrest Llc
Current Estimated Value
$3,182,523

Purchase Details

Listed on
Jul 22, 2024
Closed on
Sep 18, 2024
Sold by
Mccoy Spencer and Mccoy Kristen
Bought by
Mardanpour Morteza and Rostamian Gloria
Seller's Agent
Eric Haskell
The Agency
Buyer's Agent
Hengame Abaghi
Keller Williams Luxury
List Price
$4,200,000
Sold Price
$4,000,000
Premium/Discount to List
-$200,000
-4.76%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.84%
Original Mortgage
$2,300,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 1998
Sold by
Fenger Mitchell
Bought by
Mccoy Spencer and Mccoy Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
7.13%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wakecrest Llc -- None Listed On Document
Mardanpour Morteza $4,000,000 First American Title Company
Mccoy Spencer $665,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mardanpour Morteza $2,300,000
Previous Owner Mccoy Spencer $532,000
Closed Mccoy Spencer $66,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Sold $4,000,000 -4.8% $2,081 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $4,200,000 -- $2,185 / 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 $13,058 $3,160,000 $2,560,000 $600,000
2024 $13,058 $1,041,008 $832,814 $208,194
2023 $12,729 $1,020,597 $816,485 $204,112
2022 $12,570 $1,000,586 $800,476 $200,110
2021 $12,262 $980,968 $784,781 $196,187
2019 $12,020 $951,874 $761,505 $190,369
2018 $11,389 $933,211 $746,574 $186,637
2016 $10,963 $896,976 $717,585 $179,391
2015 $10,817 $883,504 $706,807 $176,697
2014 $10,670 $866,198 $692,962 $173,236
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-414675

The MLS

APN: 4443-007-039