NOT LISTED FOR SALE

Estimated Value: $4,424,000 - $7,757,000

3 Beds
4 Baths
3,707 Sq Ft
$1,701/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $5,810,000 $1,567 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $44,155/month

71 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Primary Bedroom Suite
  • Chaparral Elementary School Rated A
  • Gourmet Kitchen
  • Gated Community

About This Home

As of March 2021

Extremely rare and gated, custom modern home on top of one of the highest designated ridge-lines in Malibu with spectacular, unobstructed views around the entire property. 180 degrees ocean view to the west and 180 degrees mountain view to the east. This Malibu gem was consciously crafted with a focus on design-forwardness and livability while providing ultimate privacy and exclusivity. Pool + Spa + 3-car garage & RV/Boat Carport complete this private modernist estate.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 11/16/2020

Compass

Co-Listed By

Gregory Sharpe

Compass License #01908937

Last Buyer's Agent

Lisa Young

Compass License #01877876

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $69,159

Year Built

  • Built in 1975

Lot Details

  • 2.45 Acre Lot
  • Property fronts a private road
  • Gated Home
  • Landscaped
  • Hilltop Location
  • Property is zoned LCA11*

Property Views

  • Ocean
  • Coastline
  • Bay
  • Panoramic
  • City Lights
  • Canyon
  • Mountain
  • Valley
  • Pool

Home Design

  • Modern Architecture
  • Turnkey
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,707 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Sliding Doors
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Library
  • Atrium Room
  • Laundry Room

Kitchen

  • Gourmet Kitchen
  • Convection Oven
  • Range with Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • 4 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower

Parking

  • Attached Carport
  • Private Parking
  • Guest Parking

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number 4453-026-041

Home Details

Home Type

Single Family

Est. Annual Taxes

$69,159

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 3707
  • Stories: 2
  • Year Built: 1975
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, Drywall Walls, High Ceilings (9 Feet+), Living Room Deck Attached, Pre-wired for surround sound, Recessed Lighting, Turnkey
  • Fireplace Rooms: Gas, Living Room
  • Flooring: Tile, Wood
  • Appliances: Built-Ins, Convection Oven, Range, Range Hood, Warmer Oven Drawer
  • Bedrooms: 3
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Bedroom Features: Dressing Area, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room, Shower and Tub, Shower Stall, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Dining Area, In Kitchen, Kitchen Island, Living Room
  • Kitchen Features: Gourmet Kitchen, Island, Pantry
  • Laundry: Inside, Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Freezer, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 1617.21

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony, Custom Built, High Ceilings (9 Feet+), Sliding Glass Doors
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Balcony, Deck(s), Living Room Deck Attached
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Roof: Flat
  • Spa: Heated, In Ground, Private
  • Spa Yn: Yes
  • View: Bay, Canyon, City, City Lights, Coastline, Mountains, Ocean, Panoramic, Pool, Valley, Water
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Attached, Garage - 3 Car, Parking for Guests, Private

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated
  • Sewer: Septic Tank
  • Water: District

Association/Amenities

  • Amenities: Gated Community

Condo/Co-op/Association

  • HOA: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4453-026-041
  • Lot Description: Landscaped, Street Paved, Yard
  • Lot Location: Hilltop, Patio Home, Private Road
  • Lot Size Area: 106554

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2020
Closed on
Mar 9, 2021
Sold by
Fpp 226 Moonrise Drive Llc
Bought by
226 Moonrise Drive Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Lisa Young
Compass
List Price
$5,995,000
Sold Price
$5,810,000
Premium/Discount to List
-$185,000
-3.09%
Current Estimated Value
$7,046,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,236,082
Avg. Annual Appreciation
2.93%

Purchase Details

Closed on
Dec 26, 2017
Sold by
Ocla Development Inc
Bought by
Fpp 226 Moonrise Drive Llc

Purchase Details

Listed on
Jan 29, 2014
Closed on
Apr 23, 2014
Sold by
Mitchell Mark B
Bought by
Ocla Development Inc
Seller's Agent
Andrea Yates
The ONE Luxury Properties
Buyer's Agent
Ralph Osborne
List Price
$2,199,000
Sold Price
$1,885,000
Premium/Discount to List
-$314,000
-14.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%

Purchase Details

Closed on
Nov 16, 1998
Sold by
Montgomery Clyde
Bought by
Mitchell Mark B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.78%

Purchase Details

Closed on
Feb 23, 1996
Sold by
Montgomery Diedre S
Bought by
Montgomery Clyde

Purchase Details

Closed on
Feb 6, 1996
Sold by
Western Financial Svgs Bank Fsb
Bought by
Montgomery Clyde

Purchase Details

Closed on
Dec 28, 1995
Sold by
Watt William S
Bought by
Western Financial Svgs Bank Fsb

Purchase Details

Closed on
Mar 9, 1995
Sold by
Watt William S
Bought by
Modern Mtg

Purchase Details

Closed on
Dec 1, 1994
Sold by
Professional Express Development
Bought by
King Robin

Purchase Details

Closed on
Aug 3, 1994
Sold by
Watt William S
Bought by
Professional Express Development
Source: Public Records

Range of Values:

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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
226 Moonrise Drive Llc $5,810,000 Equity Title Company
Fpp 226 Moonrise Drive Llc -- First American Title Company
Ocla Development Inc $1,885,000 Lawyers Title
Mitchell Mark B $480,000 Equity Title Company
Montgomery Clyde -- Fidelity National Title
Montgomery Clyde $425,000 Fidelity National Title
Western Financial Svgs Bank Fsb $488,807 American Title
Modern Mtg $143,725 --
King Robin -- --
Professional Express Development $500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ocla Development Inc $6,000,000
Previous Owner Mitchell Mark B $1,372,000
Previous Owner Mitchell Mark B $1,000,000
Previous Owner Mitchell Mark B $500,000
Previous Owner Mitchell Mark B $150,000
Previous Owner Mitchell Mark B $492,000
Previous Owner Mitchell Mark B $60,000
Previous Owner Mitchell Mark B $428,900
Previous Owner Mitchell Mark B $384,000
Previous Owner Montgomery Clyde $143,000
Previous Owner Montgomery Clyde $37,500
Previous Owner Montgomery Clyde $65,000
Closed Mitchell Mark B $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2021 03/15/21 Sold $5,810,000 -3.1% $1,567 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $5,995,000 +3.2% $1,617 / Sq Ft
01/25/2021 01/25/21 Off Market $5,810,000 -- --
11/16/2020 11/16/20 For Sale $5,995,000 +218.0% $1,617 / Sq Ft
06/11/2014 06/11/14 Sold $1,885,000 -5.7% $689 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/25/2014 03/25/14 Price Changed $1,999,999 -2.4% $732 / Sq Ft
03/19/2014 03/19/14 Price Changed $2,050,000 -4.7% $750 / Sq Ft
02/12/2014 02/12/14 Price Changed $2,150,000 -2.2% $786 / Sq Ft
01/29/2014 01/29/14 For Sale $2,199,000 -- $804 / 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 $69,159 $6,021,061 $2,049,790 $3,971,271
2024 $69,159 $6,165,617 $2,232,887 $3,932,730
2023 $67,740 $6,044,723 $2,189,105 $3,855,618
2022 $65,538 $5,926,200 $2,146,182 $3,780,018
2021 $24,100 $2,093,000 $1,776,596 $316,404
2020 $23,757 $2,071,540 $1,758,380 $313,160
2019 $23,192 $2,030,922 $1,723,902 $307,020
2018 $22,921 $1,991,100 $1,690,100 $301,000
2016 $22,179 $1,951,982 $1,656,855 $295,127
2015 $21,796 $1,922,662 $1,631,968 $290,694
2014 $7,299 $613,850 $268,559 $345,291
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-660174

The MLS

APN: 4453-026-041