NOT LISTED FOR SALE

23438 Malibu Colony Rd Malibu, CA 90265

Malibu Colony Neighborhood

Estimated Value: $8,755,000 - $19,791,287

5 Beds
6 Baths
6,343 Sq Ft
$2,250/Sq Ft Est. Value

Last Sold June 28, 2017

Last sale price $18,000,000 $2,838 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $90,007/month

8 Days on Market

Highlights

  • White Water Ocean Views
  • Guest House
  • Home Theater
  • Webster Elementary School Rated A
  • Wine Cellar
  • In Ground Spa

About This Home

As of June 2017

Wonderful home in the ultra-exclusive gated beach-side enclave of Malibu Colony. This charming, impeccably furnished English compound sits on 48-feet of beach frontage on an extraordinarily sandy section of the Colony beach. The main house has an impressive great room and, just in time for the summer blockbusters, a Bel Air Circuit Screening Room. There is also formal dining room, gourmet kitchen, wine cellar, and four very generously sized bedrooms. A separate guest house is accessible off the front courtyard. The large outdoor deck has a hot tub and is the perfect spot for beachside entertaining. This is the first time this very special compound is available for sale in many years. Rare opportunity to buy in one of the most desirable communities in Los Angeles. Square Footage per insurance company.

Last Agent to Sell the Property

Jack Friedkin

Christie's International Real Estate SoCal License #01975592 Listed on: 05/18/2017

Christie's International Real Estate SoCal

Co-Listed By

Leonard Rabinowitz

Christie's International Real Estate SoCal License #01496421

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $235,547

Year Built

  • Built in 1928

Lot Details

  • 10,679 Sq Ft Lot
  • Property is zoned LCR1 6000*

HOA Fees

  • $441 Monthly HOA Fees

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic

Home Design

  • English Architecture

Interior Spaces

  • 6,343 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Formal Entry
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Area
  • Home Theater
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Spa
  • Open Patio

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Phone System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4452-009-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$235,547

Year Built

Built in 1928

Lot Details

0

HOA Fees

$441 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Country English
  • Street Number Display: Yes
  • Living Area: 6343
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Mixed
  • Bedrooms: 5
  • Full Bathroom: 6
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Bar Ice Maker, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Phone System, Range/Oven, Refrigerator, Satellite, Washer
  • Price Per S Q F T: 2916.60

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Catalina, Ocean, Panoramic, White Water
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 441.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4452-009-018
  • Geocode Override: No
  • Lot Size Area: 10679

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2017
Closed on
Jun 21, 2017
Sold by
Dalgen Jonathan L
Bought by
Columbus Chris and Devereux Monica
Seller's Agent
Jack Friedkin
Christie's International Real Estate SoCal
Buyer's Agent
Chris Cortazzo
Compass
List Price
$18,500,000
Sold Price
$18,000,000
Premium/Discount to List
-$500,000
-2.7%
Current Estimated Value
$12,773,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,226,476
Avg. Annual Appreciation
-3.39%

Purchase Details

Closed on
Sep 2, 1999
Sold by
Bloch Richard L and Bloch Nancy
Bought by
Dolgen Jonathan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.66%
Source: Public Records

Range of Values:

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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
Columbus Chris $18,000,000 Fidelity Sherman Oaks
Dolgen Jonathan L -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dolgen Jonathan L $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $18,000,000 -2.7% $2,838 / Sq Ft
05/18/2017 05/18/17 For Sale $18,500,000 -- $2,917 / 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 $235,547 $20,890,544 $18,569,374 $2,321,170
2024 $235,547 $20,480,926 $18,205,269 $2,275,657
2023 $231,232 $20,079,340 $17,848,303 $2,231,037
2022 $228,627 $19,685,629 $17,498,337 $2,187,292
2021 $223,343 $19,299,637 $17,155,233 $2,144,404
2019 $219,036 $18,727,200 $16,646,400 $2,080,800
2018 $208,166 $18,360,000 $16,320,000 $2,040,000
2016 $56,769 $4,927,256 $3,895,068 $1,032,188
2015 $56,011 $4,853,245 $3,836,561 $1,016,684
2014 $55,154 $4,758,178 $3,761,409 $996,769
Source: Public Records

Agents Affiliated with this Home

  • Jack Friedkin

    Seller's Agent in 2017

    Jack Friedkin

    Christie's International Real Estate SoCal

    (424) 230-3753

    7 Total Sales

    Section Image
  • Leonard Rabinowitz

    Seller Co-Listing Agent in 2017

    Leonard Rabinowitz

    Christie's International Real Estate SoCal

    (310) 552-8200

    12 Total Sales

    Section Image
  • Chris Cortazzo

    Buyer's Agent in 2017

    Chris Cortazzo

    Compass

    (310) 457-3995

    2 in this area

    228 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 17-232190

The MLS

APN: 4452-009-018

California Los Angeles County Malibu 90265 Malibu Colony

23438 Malibu Colony Rd, Malibu, CA

This home is located at 23438 Malibu Colony Rd, Malibu, CA 90265 since 18 May 2017 and is currently estimated at $14,273,144, approximately $2,250 per square foot. This property was built in 1928. 23438 Malibu Colony Rd is a home located in Los Angeles County with nearby schools including Webster Elementary School, Malibu Middle School, and Malibu High School.

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