$22,500,000
SOLD OCT 8, 2024
4 Beds
5.5 Baths
4,959 Sq Ft
7,076 Sq Ft Lot

Recently Sold

$4,537 Per Sq Ft

8% Below List Price

131 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Cape Cod Architecture
  • Webster Elementary School Rated A
  • Heated Spa
  • Wood Flooring

About This Home

As of October 2024

Discover the epitome of coastal living in this Malibu Colony beachfront hideaway. This home boasts beautiful natural light and hardwood floors throughout. With two primary suites featuring panoramic ocean views and two additional bedrooms with mountain views, this home encompasses 4,959 square feet of living space across an open-concept floorplan. The chef's kitchen offers a Wolf range, two sinks, and a large center island ready for cooking or entertaining. The adjacent living room features architectural details, including built-in arched bookshelves. A wall of French doors opens to a sunny deck for effortless indoor/outdoor living. A two-car garage and a deep driveway provide for ample parking. Additional features include a built-in BBQ, wood deck, Jacuzzi, and direct beach access, while Malibu's best shops and restaurants, including Nobu and SoHo House, are just a stone's throw away. Nestled in a 24-hour guard-gated community, security and privacy are paramount. Seize this rare opportunity to embrace the ultimate beachfront lifestyle in one of Malibu's exclusive enclaves.

Last Agent to Sell the Property

Christine Martin

The Agency License #01823589 Listed on: 10/18/2024

The Agency

Co-Listed By

Samira Gores

The Agency License #01323193

Last Buyer's Agent

Alex Duk

Harcourts Property Management License #01750024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $203,046

Year Built

  • Built in 1992

Lot Details

  • 7,076 Sq Ft Lot
  • Lot Dimensions are 30x236
  • Gated Home
  • Property is zoned LCR16000*

HOA Fees

  • $441 Monthly HOA Fees

Property Views

  • Ocean
  • Mountain

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 4,959 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Family Room with Fireplace
  • Wood Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room

Laundry

  • Laundry Room
  • Dryer

Parking

  • 2 Car Attached Garage
  • Driveway

Pool

  • Heated Spa
  • Above Ground Spa

Outdoor Features

  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Water Purifier

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 4452-009-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$203,046

Year Built

Built in 1992

Lot Details

0

HOA Fees

$441 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Levels: Three Or More
  • Street Number Display: Yes
  • Complex Name: Malibu Colony
  • Living Area: 4959
  • Lot Acreage: 0.1624
  • Lot Dimensions: 30x236
  • Probate: No
  • Stories: 1
  • Year Built: 1992
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room
  • Flooring: Hardwood
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Built-Ins, Barbeque, Alarm System, Dryer, Freezer, Garbage Disposal, Water Purifier, Refrigerator, Range/Oven, Microwave
  • Fireplace: Yes
  • Price Per S Q F T: 4940.51

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa: Above Ground, Heated
  • Spa Yn: Yes
  • View: Ocean, Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Driveway
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Community, Gated, Gated Community with Guard, 24 Hour

Association/Amenities

  • Amenities: Gated Community Guard, Gated Community

Condo/Co-op/Association

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

Lot Info

  • Assessor Parcel Number: 4452-009-020
  • Lot Size Area: 7076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Sep 20, 2024
Sold by
Cig Property Holdings Llc
Bought by
Schreiner Karst Family Trust and Schreiner
Seller's Agent
Christine Martin
The Agency
Buyer's Agent
Alex Duk
Harcourts Property Management
List Price
$24,500,000
Sold Price
$22,500,000
Premium/Discount to List
-$2,000,000
-8.16%
Current Estimated Value
$13,930,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,569,965
Avg. Annual Appreciation
-45.50%

Purchase Details

Listed on
Aug 27, 2021
Closed on
Nov 4, 2021
Sold by
Shapiro George and The George Shapiro Trust
Bought by
Cig Property Holdings Llc
Seller's Agent
Cooper Mount
Carolwood Estates
Buyer's Agent
Christine Martin
The Agency
List Price
$19,995,000
Sold Price
$16,950,000
Premium/Discount to List
-$3,045,000
-15.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%

Purchase Details

Closed on
Jun 20, 2002
Sold by
Shapiro George L
Bought by
Shapiro George and The George Shapiro Trust

Purchase Details

Closed on
Mar 27, 1998
Sold by
Weldon Lee G and Weldon Judith W
Bought by
Shapiro George 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
6.87%

Purchase Details

Closed on
Jul 6, 1995
Sold by
Lukas Fredric and Lukas Joyce E
Bought by
Weldon Lee G
Source: Public Records

Similar Homes in Malibu, CA

  • 23356 aka107 Malibu Colony Rd, Malibu, CA 90265

    $19,750,000

    • 5 Beds
    • 5 Baths
    • 3,786 Sq Ft
    • 23356 aka107 Malibu Colony Rd
    • Malibu, CA

    The Colony Malibu's Premier Guard-Gated Enclave for Over 90 Years. Even within the prestigious Colony, location is everything and this warm, inviting beach home is ideally situated on the highly desirable sandy south end of the beach, directly in front of the renowned 'Old Joe's' surf break. Here, a natural reef helps preserve the sand, creating an exceptional setting for a true beachfront

    Andy Lyon 4 Malibu Real Estate

    Section Image
  • 23614 Malibu Colony Rd, Malibu, CA 90265

    $28,750,000

    • 5 Beds
    • 5 Baths
    • 4,773 Sq Ft
    • 23614 Malibu Colony Rd
    • Malibu, CA

    Bold design and modern features coalesce in this newly remodeled three-story beach house. Located in the guard-gated community of Malibu Colony, this 5 bedroom/5 bath home w/custom stone floors, fabric walls, and hand-selected designer elements. Perfect for grand or casual living, the home offers a custom aquarium entry that flows into a sleek, but inviting formal living room and dining area with

    Chris Cortazzo Compass

    Section Image
  • 23618 Malibu Colony Rd Unit 56, Malibu, CA 90265

    $18,950,000

    • 4 Beds
    • 3 Baths
    • 2,030 Sq Ft
    • 23618 Malibu Colony Rd
    • Unit 56
    • Malibu, CA

    This meticulously restored and modernized Country English-style Malibu Colony beach home has graced the cover of Architectural Digest and sits on approximately 34 feet of pristine beach frontage. The open floor plan is luxuriously furnished, featuring a gourmet kitchen that seamlessly flows into the living room with a fireplace and vaulted wood-paneled ceilings throughout. A sun-filled loft above

    Chad Rogers Hilton & Hyland

    Section Image
  • 23917 Malibu Rd, Malibu, CA 90265

    $29,800,000

    • 5 Beds
    • 10 Baths
    • 8,200 Sq Ft
    • 23917 Malibu Rd
    • Malibu, CA

    Extraordinary New Construction in Malibu. Located in the private, gated enclave of Malibu Colony Estates at the beginning of Malibu Rd, this stunning home offers breathtaking ocean views and contemporary design by renowned architect Douglas W. Burdge, AIA. One of just four homes in this prestigious community, this crowning jewel sits on approximately 1.3 acres with five bedrooms and ten

    Megan Mondavi Whitcomb Coldwell Banker Realty

    Section Image
  • 3410 Serra Rd, Malibu, CA 90265

    $18,900,000

    • 6 Beds
    • 4.5 Baths
    • 5,600 Sq Ft
    • 3410 Serra Rd
    • Malibu, CA

    Tucked away in the exclusive, gated Serra Retreat of Malibu, this exceptional single-story estate offers the perfect blend of luxury, sustainability, and privacy. Completely remodeled with energy efficiency in mind, the home is powered by solar energy, equipped with two Tesla chargers and backup batteries, and set on approximately 2.5 acres of beautifully landscaped grounds. Designed for both

    Santiago Arana The Agency

    Section Image
  • 24380 Malibu Rd, Malibu, CA 90265

    $24,995,000

    • 4 Beds
    • 5 Baths
    • 4,600 Sq Ft
    • 24380 Malibu Rd
    • Malibu, CA

    Set against the stunning backdrop of California's coastline, this oceanfront residence showcases exceptional design and impeccable craftsmanship. Floor-to-ceiling glass walls offer uninterrupted ocean views, enhancing the sense of openness throughout the thoughtfully designed living spaces. The main level features a seamless flow between the living, dining, and wet bar areas, all oriented toward

    Orah Nassirzadeh Westside Estate Agency Inc.

    Section Image
  • 24818 Malibu Rd, Malibu, CA 90265

    $19,995,000

    • 4 Beds
    • 4.5 Baths
    • 3,182 Sq Ft
    • 24818 Malibu Rd
    • Malibu, CA

    Completely remodeled contemporary oceanfront home done by Babineau Construction on world-renowned Malibu Rd. The house sits on a rare 60 feet of ocean frontage. With sweeping coastline and island views, this 4 bedroom, 4.5 bathroom home is designed with thoughtful attention to detail throughout. The interior features custom white oak cabinetry and plastered walls. The open plan living room and

    Jack Harris The Beverly Hills Estates

    Section Image
  • 27314 Pacific Coast Hwy, Malibu, CA 90265

    $18,995,000

    • 4 Beds
    • 3.5 Baths
    • 3,861 Sq Ft
    • 27314 Pacific Coast Hwy
    • Malibu, CA

    Introducing The Cactus House, a rare opportunity to own a private mid-century beach house on one of the most exclusive rows of homes on the Malibu coastline. This unique architectural property offers unparalleled ocean views and beach frontage spanning a rare 58 feet. Originally designed by Charles Kanner, the home was meticulously reimagined in 2021, seamlessly blending classic mid-century

    Sandeep Dhariwal Sotheby's International Realty

    Section Image
  • 6734 Zumirez Dr, Malibu, CA 90265

    $26,500,000

    • 2 Beds
    • 1 Bath
    • 1,392 Sq Ft
    • 6734 Zumirez Dr
    • Malibu, CA

    Discover the opportunity to own on Zumirez Drive, one of Point Dume's most coveted addresses. This remarkable 1.34-acre estate currently features a beautifully remodeled 1949 two-bedroom seaside cottage with breathtaking whitewater views and direct access to a private beach just steps away. Perfectly positioned for easy walks to some of California's finest surf and sands, including iconic

    Jeff Chertow Pinnacle Estate Properties

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $22,500,000 California Best Title
Grant Deed $16,950,000 Equity Title Company
Interfamily Deed Transfer -- --
Grant Deed -- Equity Title
Grant Deed $4,000,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Sold $22,500,000 0.0% $4,537 / Sq Ft
10/01/2024 10/01/24 Off Market $22,500,000 -- --
05/01/2024 05/01/24 For Sale $24,500,000 +44.5% $4,941 / Sq Ft
12/02/2021 12/02/21 Sold $16,950,000 -2.9% $3,418 / Sq Ft
11/02/2021 11/02/21 Price Changed $17,450,000 -12.7% $3,519 / Sq Ft
08/27/2021 08/27/21 For Sale $19,995,000 -- $4,032 / 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
2024 $203,046 $17,644,143 $13,525,200 $4,118,943
2023 $199,312 $17,298,180 $13,260,000 $4,038,180
2022 $197,034 $16,959,000 $13,000,000 $3,959,000
2021 $85,947 $7,368,508 $6,483,412 $885,096
2019 $84,286 $7,149,956 $6,291,111 $858,845
2018 $80,102 $7,009,761 $6,167,756 $842,005
2016 $77,233 $6,737,565 $5,928,255 $809,310
2015 $76,199 $6,636,362 $5,839,208 $797,154
2014 $75,020 $6,506,365 $5,724,826 $781,539
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-385573

The MLS

APN: 4452-009-020