NOT LISTED FOR SALE

23038 Pacific Coast Hwy Malibu, CA 90265

Estimated Value: $6,360,000 - $9,331,000

2 Beds
2.5 Baths
1,597 Sq Ft
$5,163/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $10,800,000 $6,763 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $54,729/month

49 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Open Floorplan
  • Webster Elementary School Rated A
  • Primary Bedroom Suite
  • Deck

About This Home

As of April 2022

Legendary location, trophy home in Malibu on Surfrider Beach for sale! This amazing once-in-a-lifetime opportunity is available to own the last property adjacent to the iconic Malibu Pier with unobstructed views of the world-famous Surfrider Beach. Seamless walls of glass opening to sun-drenched decks and 180 degree views of Malibu Pier, the Queen's Necklace, and Catalina Island, and the sunset towards the historic Adamson House, Surfrider Beach, and hills of Malibu. Watch or join the surfers each day in one of California's most incredible surfing locations with easy access to local restaurants, Nobu, Soho House, The Malibu Inn, and Cross Creek Plaza. This home was completely remodeled down to the studs and renovated with the highest quality, taste, and design to include an open, gourmet kitchen with Wolf double oven range with griddle, Subzero refrigerator, Wolf convection microwave, Asko dishwasher, Carrera Marble countertops, filtered tap water, Subzero 150 wine bottle refrigerator, Legrande lighting throughout, Sonos sound system, Fleetwood accordion doors, Hunter Douglas electric shades, custom colored hardwood floors, tankless water heater, hot/cold outdoor shower, central A/C and heating, automatic security gate and a two-car garage. This home is one of a kind and no place is more special than this unique, trophy location in Malibu, CA.

Last Agent to Sell the Property

Shen Schulz

Sotheby's International Realty License #01327630 Listed on: 02/15/2022

Last Buyer's Agent

Shen Schulz

Sotheby's International Realty License #01327630 Listed on: 02/15/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $129,547

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 4,985 Sq Ft Lot
  • Beach Front
  • South Facing Home
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned LCR1*

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Driveway
  • Automatic Gate
  • On-Street Parking

Property Views

  • White Water Ocean
  • Hills

Home Design

  • Modern Architecture
  • Turnkey
  • Asphalt Roof
  • Pier And Beam
  • Stucco

Interior Spaces

  • 1,597 Sq Ft Home
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Double Pane Windows
  • Blinds
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Alarm System

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Granite Bathroom Countertops

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Tankless Water Heater
  • Water Purifier
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4452-005-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$129,547

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Legendary location, trophy home in Malibu on Surfrider Beach for sale! This amazing once-in-a-lifetime opportunity is available to own the last property adjacent to the iconic Malibu Pier with unobstructed views of the world-famous Surfrider Beach. Seamless walls of glass opening to sun-drenched decks and 180 views of Malibu Pier, the Queen's Necklace, and Catalina Island, and the sunset towards the historic Adamson House, Surfrider Beach, and hills of Malibu. Watch or join the surfers each day in one of California's most incredible surfing locations with easy access to local restaurants, Nobu, Soho House, The Malibu Inn, and Cross Creek Plaza. This home was completely remodeled down to the studs and renovated with the highest quality, taste, and design to include an open, gourmet kitchen with Wolf double oven range, Subzero refrigerator, The best of Malibu Beach!
  • Disability Access: DisabilityAccess, Handicap Access, Customized Wheelchair Accessible, No Interior Steps
  • Entry Location: Main Level
  • Living Area: 1597
  • Lot Acreage: 0.1144
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1955
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Turnkey, Built-Ins, Open Floor Plan, Pre-wired for surround sound
  • Fireplace Rooms: Living Room
  • Flooring: Wood, Tile
  • Appliances: Oven, Microwave, Range, Cooktop - Gas, Oven-Gas
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Ground Floor Master, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Granite, Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Breakfast Counter / Bar, Living Room
  • Kitchen Features: Remodeled, Stone Counters, Open to Family Room
  • Laundry: Laundry Area, Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Dryer, Washer, Refrigerator, Range/Oven, Freezer, Garbage Disposal, Ice Maker, Dishwasher, Built-Ins, Barbeque, Water Filter, Water Line to Refrigerator, Microwave
  • Fireplace: Yes
  • Price Per S Q F T: 7044.46
  • Windows: Double Pane Windows, Window Blinds

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Pier and Beam
  • Fence: Block, Chain Link
  • Patio: Deck(s), Patio Open
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: Ocean, White Water, Hills
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 4
  • Parking Garage: Driveway, On street, Garage - 2 Car, Attached, Private
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Cooling: Central, Air Conditioning
  • Heating: Central
  • Security: Automatic Gate
  • Sewer: Septic Tank, On Site
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4452-005-001
  • Lot Location: Beach Front
  • Lot Size Area: 4985

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2018
Sold by
Serrato Roni Marie and Estate Of Frank Arata
Bought by
Serrato Roni Marie
Current Estimated Value
$8,245,956
Source: Public Records

Range of Values:

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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
Serrato Roni Marie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Arata Frank $462,019
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2022 04/25/22 Sold $10,800,000 -4.0% $6,763 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/13/2022 03/13/22 Price Changed $11,250,000 -6.3% $7,044 / Sq Ft
02/15/2022 02/15/22 For Sale $12,000,000 -- $7,514 / 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 $129,547 $11,461,046 $9,168,837 $2,292,209
2024 $129,547 $11,236,320 $8,989,056 $2,247,264
2023 $127,127 $11,016,000 $8,812,800 $2,203,200
2022 $83,057 $7,108,699 $6,561,876 $546,823
2021 $81,134 $6,969,313 $6,433,212 $536,101
2019 $79,565 $6,762,600 $6,242,400 $520,200
2018 $75,618 $6,630,000 $6,120,000 $510,000
2016 $10,430 $858,677 $648,390 $210,287
2015 $10,290 $845,780 $638,651 $207,129
2014 $10,150 $829,213 $626,141 $203,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-126909

The MLS

APN: 4452-005-001