NOT LISTED FOR SALE

Estimated Value: $4,015,000 - $4,560,000

3 Beds
2.5 Baths
2,212 Sq Ft
$1,915/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $3,673,250 $1,661 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $27,565/month

46 Days on Market

Highlights

  • Ocean Front
  • Spa
  • Primary Bedroom Suite
  • Webster Elementary School Rated A
  • Sauna
  • 2.74 Acre Lot

About This Home

As of July 2023

Designed by the iconic Malibu Architect, Doug Rucker, this estate is nestled into the stone hills of Big Rock Mesa, Malibu. This unique property has been constructed in a way that makes an observer feel they have become a part of the Malibu landscape. Imagine arriving home to an entry walkway that beckons you to slow down and reconnect with nature as you are greeted by ocean vistas and majestic stone outcroppings. This re-centering of yourself into the natural environment was a driving element of the homes design. The sweeping views of Santa Monica Bay, Catalina and the "Queens Necklace" can be enjoyed from the main rooms on the entry floor including the primary bedroom with en suite bath, living room with fireplace, dining room with access to the wrap around deck and kitchen with butcher block counters. Down the spiral staircase are two additional bedrooms, bathroom and Sauna. A patio off the Lower floor bedrooms provides another secluded spot to enjoy the stunning panoramic vistas. This Mid Century property has been in the same family since 1979. Never offered for lease or sale before.

Last Listed By

Paul Grisanti

Pinnacle Estate Properties License #00621552 Listed on: 04/21/2023

Pinnacle Estate Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,824

Year Built

  • Built in 1979

Lot Details

  • 2.74 Acre Lot
  • Ocean Front
  • Property fronts a private road
  • South Facing Home
  • Bluff on Lot
  • Irregular Lot
  • Hilltop Location
  • Historic Home
  • Property is zoned LCRA40000*

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Workshop in Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • City Lights
  • Mountain

Home Design

  • Split Level Home
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,212 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Paneling
  • High Ceiling
  • Ceiling Fan
  • Track Lighting
  • Wood Burning Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Workshop
  • Craft Room
  • Sauna

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • Powder Room
  • Bidet

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Living Room Balcony

Utilities

  • Forced Air Heating System
  • Overhead Utilities
  • Property is located within a water district
  • Gas Water Heater
  • Central Water Heater
  • Aerobic Septic System
  • Septic Tank
  • Cable TV Available

Community Details

  • Built by Doug Rucker

Listing and Financial Details

  • Assessor Parcel Number 4450-018-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,824

Year Built

Built in 1979

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Designed by the iconic Malibu Architect, Doug Rucker, this estate has been constructed in a way that makes you feel you have become a part of the Malibu landscape. Entry walkway beckons you to slow down and reconnect with nature as you are greeted by ocean vistas and majestic stone outcroppings. This re-centering of yourself into the natural environment was a driving element of the homes design. Enjoy sweeping Ocean views of Santa Monica Bay, Catalina and the "Queens Necklace" from the entry level which includes the primary en-suite bedroom, living room with fire place, dining room w/access to the wrap-around deck and the kitchen with butcher block counters. Down the spiral staircase are two additional bedrooms, bathroom and Sauna. This Mid Century property has been in the same family since 1979. It has Never been offered for Sale or Lease before.
  • Builder Name: Doug Rucker
  • Entry Location: Ground Level w/steps
  • Living Area: 2212
  • Lot Acreage: 2.7439
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Stories: 2
  • Year Built: 1979
  • Number Of Photos: 58
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Track Lighting, Open Floor Plan, Paneled Walls, Living Room Deck Attached, Hot Tub, High Ceilings (9 Feet+), Built-Ins
  • Fireplace Rooms: Living Room, Wood Burning
  • Flooring: Stained Concrete, Wood
  • Appliances: Built-In Electric, Cooktop - Electric, Microwave
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Main Floor Master Bedroom, Master Bedroom, Master Retreat, Master Suite, Multi-Level Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Stall, Bidet
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Breakfast Area
  • Laundry: In Closet
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Trash Compactor, Refrigerator, Range/Oven, Cable, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1808.00

Exterior Features

  • Direction Faces: South
  • Construction: Wood Siding
  • Other Features: Balcony, Historical, High Ceilings (9 Feet+), Sliding Glass Doors, Slab
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Patio: Concrete Slab, Living Room Balcony
  • Pool: No
  • Roof: Asphalt, Composition, Shingle
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: Water, Ocean, Mountains, Rocks, Tree Top, City Lights, City
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Detached, Door Opener, Driveway, Garage Is Detached, Garage - 2 Car, Driveway - Concrete, Workshop
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Water District: LA County Waterworks Dist. 29
  • Water Heater: Gas, Central Water Heater
  • Heating: Forced Air
  • Sewer: Aerobic Septic, Septic Tank
  • Water: Water District, District

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 400.00
  • HOA: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission, Seismic Hazard
  • Horses: No
  • Assessor Parcel Number: 4450-018-013
  • Lot Description: Bluff Front, Utilities - Overhead, Street Paved, Street Asphalt, Single Lot, Lot Shape-Irregular
  • Lot Location: Hilltop, Hillside, Varied, Private Road
  • Lot Size Area: 119524

Rental Info

  • Land Lease Type: Fee

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Jun 22, 2023
Sold by
Herb Tannen Family Trust
Bought by
Big Rock Malibu Llc
Seller's Agent
Paul Grisanti
Pinnacle Estate Properties
Buyer's Agent
Weronika Sznajder
Crosby Doe Associates, Inc.
List Price
$4,000,000
Sold Price
$3,673,250
Premium/Discount to List
-$326,750
-8.17%
Total Days on Market
46
Views
512
Current Estimated Value
$4,236,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,117
Avg. Annual Appreciation
7.61%

Purchase Details

Closed on
Apr 12, 2023
Sold by
Tannenbaum Herbert
Bought by
Herb Tannen Family Trust

Purchase Details

Closed on
Sep 8, 2016
Sold by
Tannen Herb and Herb Tannen Family Trust
Bought by
Tannen Herb and Herb Tannen Family Trust

Purchase Details

Closed on
Jun 28, 2012
Sold by
Tannen Herb
Bought by
Tannen Herb and The Herb Tennen Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2012
Sold by
Tannen Herb and The Herb Tannen Family Trust
Bought by
Tannen Herb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2003
Sold by
Tannen Herb and The Herb Tannen Family Trust
Bought by
Tannen Herb

Purchase Details

Closed on
May 1, 2001
Sold by
Tannen Herb
Bought by
Tannen Herb and The Herb Tannen Family Trust

Range of Values:

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Average Value
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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
Big Rock Malibu Llc $3,800,000 Priority Title
Tannen Herb -- None Available
Tannen Herb -- Accommodation
Tannen Herb -- Equity Title Los Angeles
Tannen Herb -- Equity Title Company
Tannen Herb -- Equity Title Company
Tannen Herb -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tannen Herb $235,000
Previous Owner Tannen Herb $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $3,673,250 -8.2% $1,661 / Sq Ft
06/06/2023 06/06/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $4,000,000 -- $1,808 / 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
2024 $45,824 $3,800,000 $3,040,000 $760,000
2023 $9,603 $646,450 $275,606 $370,844
2022 $9,410 $633,775 $270,202 $363,573
2021 $9,166 $621,349 $264,904 $356,445
2019 $8,960 $602,922 $257,048 $345,874
2018 $8,528 $591,101 $252,008 $339,093
2016 $8,180 $568,150 $242,223 $325,927
2015 $8,070 $559,617 $238,585 $321,032
2014 $8,031 $548,656 $233,912 $314,744
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-260857

The MLS

APN: 4450-018-013