Seller's Agent in 2025
Chris Cortazzo
Compass
(310) 457-3995
19 in this area
225 Total Sales
22102 Pacific Coast Hwy Malibu, CA 90265
Carbon Beach Neighborhood
0.29
Acre
$48,292,515
Price per Acre
12,628
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Oceanside
- Webster Elementary School Rated A
- Property has ocean access
- Property is near public transit
About This Lot
As of August 2025This exceptional 0.29-acre parcel on Malibu's coveted Carbon Beachknown as Billionaire's Beachis a rare offering with 60 feet of prime ocean frontage. Formerly home to Carbon Oasis, a five-bedroom, five-and-a-half-bath, 4,850-square-foot residence, the property was tragically lost in the Palisades Fire. Today, it presents a blank slate for a discerning buyer to reimagine the site into a bespoke coastal retreat. Reminiscent of an Aman-inspired spa retreat with a modern twist, the residence is designed as a waterfront oasis influenced by the worldly travels of its developer. A lush green wall facade welcomes guests upon entry, curating a glimpse into the Zen wonderland tucked behind closed doors. Unobstructed panoramic views of the Pacific Ocean are on display in nearly every room, with custom champagne-toned glass sliders by industry leader Styline blending indoors and outdoors. Every inch of the elegant living and entertainment spaces is thoughtfully crafted and covered from floor to ceiling with organic materials, including limestone flooring and walls clad in Onyx, split face travertine, and roman clay plaster finish, while the bedrooms are dawned in parquet walnut wood. A central interior pond designed by the world-renowned Danny Wang features a lush garden with a statement tree and a linear outdoor fireplace by Montigo designed to inspire peace and tranquility. Half a million dollars' worth of Eggersmann cabinetry is customized in the kitchen, closets, and laundry room. The gourmet chef's kitchen boasts Miele appliances plus a bar draped in exotic materials. The second-floor principal suite showcases those coveted Pacific Ocean views and offers dual closets, the owner's bathroom adorned in onyx and split face travertine plus a sunlight infrared sauna. Additional luxurious amenities and features within the state-of-the-art smart home include a Josh.ai speaker-controlled system, fitness room, custom glass wine vault, planned cantilever hot tub, and a guest cottage with two bedrooms and two bathrooms. Outdoors, find 60 feet of beachfront and views stretching from Palos Verdes to the Malibu Pier, along with an outdoor summer kitchen covered in Ipe wood, sub-zero, and wolf appliances. Billionaire's Beach is Malibu's most prestigious address and home to only about 70 lots with current and past high-profile owners. Ideally located, the residence is a short distance to Malibu hot spots, including Nobu and Soho House.
Property Details
Property Type
- Land
Est. Annual Taxes
- $239,097
Lot Details
- 0.29 Acre Lot
- Beach Front
- Property is zoned LCR19000*
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
- City Lights
Outdoor Features
- Property has ocean access
- Oceanside
Location
- Property is near public transit
Utilities
- Property is located within a water district
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 4451-005-007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2008
Sold by
Lambert Michael and The Michael Lambert Trust
Bought by
Lambert Michael and The Michael Lambert Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,050,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 27, 1998
Sold by
Pantarei Sa
Bought by
Lambert Michael and Michael Lambert Trust
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
7.12%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Grant Deed | -- | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,000,000 | Credit Line Revolving | |
| Closed | $3,000,000 | Construction | |
| Closed | $3,100,000 | New Conventional | |
| Closed | $3,100,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $3,050,000 | New Conventional | |
| Closed | $3,050,000 | New Conventional | |
| Closed | $3,000,000 | Unknown | |
| Closed | $3,000,000 | Unknown | |
| Closed | $1,000,000 | Credit Line Revolving | |
| Closed | $3,000,000 | No Value Available | |
| Previous Owner | $0 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Sold | $14,000,000 | -17.6% | $3,719 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $16,995,000 | -18.1% | $4,515 / Sq Ft |
| 02/26/2025 02/26/25 | For Sale | $20,750,000 | +6.1% | $5,513 / Sq Ft |
| 05/27/2022 05/27/22 | Sold | $19,550,000 | -10.1% | $4,208 / Sq Ft |
| 04/14/2022 04/14/22 | Pending | -- | -- | -- |
| 12/01/2021 12/01/21 | For Sale | $21,750,000 | +11.3% | $4,681 / Sq Ft |
| 11/22/2021 11/22/21 | Off Market | $19,550,000 | -- | -- |
| 05/24/2021 05/24/21 | Price Changed | $21,750,000 | -5.4% | $4,681 / Sq Ft |
| 01/25/2021 01/25/21 | For Sale | $22,995,000 | +17.6% | $4,949 / Sq Ft |
| 01/25/2021 01/25/21 | Off Market | $19,550,000 | -- | -- |
| 06/12/2020 06/12/20 | For Sale | $22,995,000 | 0.0% | $4,949 / Sq Ft |
| 03/10/2014 03/10/14 | Rented | $25,000 | -16.7% | -- |
| 03/10/2014 03/10/14 | Under Contract | -- | -- | -- |
| 02/10/2014 02/10/14 | For Rent | $30,000 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 | $239,097 | $12,416,134 | $12,416,134 | -- |
| 2024 | $239,097 | $20,339,820 | $18,727,200 | $1,612,620 |
| 2023 | $234,911 | $19,941,000 | $18,360,000 | $1,581,000 |
| 2022 | $79,024 | $6,278,547 | $5,502,969 | $775,578 |
| 2021 | $77,306 | $6,155,439 | $5,395,068 | $760,371 |
| 2019 | $75,874 | $5,972,868 | $5,235,049 | $737,819 |
| 2018 | $72,434 | $5,855,753 | $5,132,401 | $723,352 |
| 2016 | $70,075 | $5,628,368 | $4,933,104 | $695,264 |
| 2015 | $70,221 | $5,543,826 | $4,859,005 | $684,821 |
| 2014 | $69,370 | $5,435,231 | $4,763,824 | $671,407 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Cortazzo
-
Benyamin Illulian
Buyer's Agent in 2025
Benyamin Illulian
Keller Williams Los Angeles
(310) 867-0474
3 in this area
117 Total Sales
-
B
Seller Co-Listing Agent in 2022
Bruce Mibach
Compass
-
Tara Switzer
T
Seller Co-Listing Agent in 2014
Tara Switzer
Coldwell Banker Realty
(310) 589-2459
1 in this area
11 Total Sales
-
Eric Hellyar
Buyer's Agent in 2014
Eric Hellyar
Keller Williams Hollywood Hills
(310) 430-4082
23 Total Sales
Map
Source: The MLS
MLS Number: 25504213
APN: 4451-005-007
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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