NOT LISTED FOR SALE

21614 Pacific Coast Hwy Malibu, CA 90265

Carbon Beach Neighborhood

Estimated Value: $5,478,000 - $12,665,009

4 Beds
7 Baths
5,131 Sq Ft
$1,768/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $14,475,000 $2,821 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $66,087/month

147 Days on Market

Highlights

  • Ocean Front
  • Wine Cellar
  • Spa
  • Webster Elementary School Rated A
  • Projection Room
  • Contemporary Architecture

About This Home

As of June 2017

This architectural triumph is one of the finest in Malibu. Prime, sandy La Costa beach with convenient access to town. Exquisitely remodeled and expanded from top to bottom, this chic and stylish home is for the discerning buyer demanding perfection. Main level: soaring ceilings, stunning living room with fireplace, huge entertaining chef's kitchen, beachfront dining room with pocket doors that open to an oversized deck, movie theater, office, professional wine storage and two powder rooms. Upstairs: family room with beachfront deck, ocean view gym with full bath, generous beachfront master with large his and her closets, and three other pristine bedrooms each with their own bath. No detail has been overlooked. Great storage, high ceilings on both levels, IPE deck and so much more. Turn-key and ready to be shown to pre-qualified prospects only.

Last Agent to Sell the Property

Richard Ehrlich

Carolwood Estates License #01267136 Listed on: 01/16/2017

Carolwood Estates

Co-Listed By

Maryam David

Sotheby's International Realty License #00934384

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $189,653

Year Built

  • Built in 1978

Lot Details

  • 8,598 Sq Ft Lot
  • Ocean Front
  • Property is zoned LCR1*

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 5,131 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Room
  • Projection Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Home Gym
  • Ocean Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room
  • 7 Full Bathrooms
  • Spa Bath

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Intercom

Parking

  • Direct Access Garage
  • Side by Side Parking

Outdoor Features

  • Spa
  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Phone System
  • Satellite Dish

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4451-003-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$189,653

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 5131
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1978
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood, Stone, Tile
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 7
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Outside
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Bar Ice Maker, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Ice Maker, Intercom, Microwave, Network Wire, Phone System, Range/Oven, Refrigerator, Satellite, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 3108.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • Spa: Bath Tub
  • Spa Yn: Yes
  • View: Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Direct Entrance, Garage, Side By Side

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Owned
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4451-003-031
  • Geocode Override: No
  • Lot Size Area: 8598

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2017
Closed on
May 30, 2017
Sold by
Wender Joseph H
Bought by
21614 Pacific Coast Highway Llc
Seller's Agent
Richard Ehrlich
Carolwood Estates
Buyer's Agent
Chris Cortazzo
Compass
List Price
$15,950,000
Sold Price
$14,475,000
Premium/Discount to List
-$1,475,000
-9.25%
Current Estimated Value
$9,228,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,246,495
Avg. Annual Appreciation
-5.59%

Purchase Details

Closed on
Apr 22, 2008
Sold by
Rosenfield Richard Lee
Bought by
Wender Joseph H and Joseph H Wender Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Jaf 3 Lp
Bought by
Rosenfield Richard Lee and Rosenfield Esther G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2001
Sold by
Fernandez Anthony
Bought by
Jaf 3 Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6%

Purchase Details

Closed on
Sep 7, 2001
Sold by
Fernandez Anthony
Bought by
Jaf 3 Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.62%

Purchase Details

Closed on
Aug 3, 2000
Sold by
Chester Arthur N
Bought by
Jaf 3 Ltd Partnership

Purchase Details

Closed on
Feb 14, 1996
Sold by
Chadwick William J
Bought by
Chester Arthur N and Chester Catherine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
8.5%

Purchase Details

Closed on
Aug 31, 1995
Sold by
Stevens Lindsay H
Bought by
Chadwick William J and William J Chadwick Trust
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
21614 Pacific Coast Highway Llc $14,475,000 Equity Title Company
Wender Joseph H -- Equity Title Company
Rosenfield Richard Lee $5,500,000 First American Title Co
Jaf 3 Ltd Partnership -- Fidelity National Title Co
Fernandez Anthony -- Fidelity National Title Co
Jaf 3 Ltd Partnership -- Fidelity National Title Ins
Fernandez Anthony -- Fidelity National Title Co
Jaf 3 Ltd Partnership $3,875,000 Equity Title Company
Chester Arthur N $1,500,000 Chicago Title
Chadwick William J -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 21614 Pacific Coast Highway Llc $10,000,000
Closed 21614 Pacific Coast Highway Llc $10,000,000
Previous Owner Wender Joseph H $8,000,000
Previous Owner Wender Joseph H $8,000,000
Previous Owner Rosenfield Richard Lee $2,000,000
Previous Owner Fernandez Anthony $2,000,000
Previous Owner Fernandez Anthony $2,000,000
Previous Owner Chester Arthur N $300,000
Previous Owner Chester Arthur N $1,000,000
Previous Owner Chester Arther N $100,000
Previous Owner Chester Arthur N $1,100,000
Closed Fernandez Anthony $1,000,000
Closed Rosenfield Richard Lee $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $14,475,000 -9.2% $2,821 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $15,950,000 -- $3,109 / 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 $189,653 $9,806,950 $9,806,950 --
2024 $189,653 $16,470,075 $14,791,780 $1,678,295
2023 $186,160 $16,147,134 $14,501,746 $1,645,388
2022 $184,022 $15,830,525 $14,217,399 $1,613,126
2021 $179,800 $15,520,124 $13,938,627 $1,581,497
2019 $176,331 $15,059,790 $13,525,200 $1,534,590
2018 $167,586 $14,764,500 $13,260,000 $1,504,500
2016 $112,727 $9,870,514 $7,850,957 $2,019,557
2015 $111,179 $9,722,251 $7,733,029 $1,989,222
2014 $106,875 $9,302,675 $7,399,300 $1,903,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-193514

The MLS

APN: 4451-003-031