NOT LISTED FOR SALE

23512 Malibu Colony Rd Malibu, CA 90265

Malibu Colony Neighborhood

Estimated Value: $8,751,000 - $20,378,940

6 Beds
5 Baths
5,849 Sq Ft
$2,490/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $14,150,000 $2,419 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $94,338/month

354 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Art Studio
  • Webster Elementary School Rated A
  • Property has ocean access
  • Gated with Attendant

About This Home

As of August 2017

Prime Malibu Colony Oceanfront Beach House. Nearly 6,000 sq. ft. of Italian, modern-rebuilt luxury!! Experience the charm of one of the most elite and safe beach neighborhoods in the world. Be front row for 4th of July fireworks and be a part of the best Halloweens ever! Relaxing media room on a brand new 90" TV. Enjoy the office/art studio, living room, family room, 4 permitted bedrooms, plus 2 additional bedrooms. A total of 6 bedrooms, 4 bathrooms, with a heated Neorest® toilet are included in the master. Entertainment areas galore! Jacuzzi, infrared sauna, steam room, gym, chef's kitchen with 2 dishwashers, Instahot, and a gorgeous custom designed light-up island buffet! Built in BBQ grill, pizza oven, 3 ocean view patios and 2 mountain view patios. Amazing sunsets and enjoy the beach with private dolphin and sea lion shows just for you. 3 parking spots, collar operated doggie door and a faux grass side yard.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 09/09/2016

Compass

Co-Listed By

Branden Williams

The Beverly Hills Estates License #01774287

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 09/09/2016

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $181,812

Year Built

  • Built in 1930

Lot Details

  • 7,018 Sq Ft Lot
  • Beach Front
  • Property fronts a private road
  • Irregular Lot
  • Property is zoned LCR16000*

HOA Fees

  • $441 Monthly HOA Fees

Property Views

  • White Water Ocean
  • City Lights
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,849 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Art Studio
  • Sound Studio
  • Sauna
  • Home Gym
  • Alarm System

Kitchen

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

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Powder Room
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Private Parking

Outdoor Features

  • Spa
  • Property has ocean access
  • Oceanside
  • Balcony
  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Central Heating
  • Property is located within a water district
  • Septic Tank
  • Phone System
  • Cable TV Available

Community Details

  • Gated with Attendant

Listing and Financial Details

  • Assessor Parcel Number 4458-004-035

Home Details

Home Type

Single Family

Est. Annual Taxes

$181,812

Year Built

Built in 1930

Lot Details

0

HOA Fees

$441 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5849
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1930
  • Number Of Photos: 51
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Stone
  • Bedrooms: 6
  • Fireplaces: 0
  • Full Bathroom: 5
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Phone System, Range/Oven, Refrigerator, Washer
  • Fireplace: No
  • Price Per S Q F T: 2563.69

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: City Lights, Mountains, Ocean, White Water
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Private
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Heating: Central
  • Security: Gated Community with Guard
  • Sewer: Septic Tank
  • Water: District

Association/Amenities

  • Amenities: Gated Community Guard

Condo/Co-op/Association

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

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4458-004-035
  • Geocode Override: No
  • Lot Description: Gated with Guard, Lot Shape-Irregular, Street Paved
  • Lot Location: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1, Private Road
  • Lot Size Area: 7018

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2016
Closed on
Aug 24, 2017
Sold by
Best House In The Colony Llc
Bought by
Milibu Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$15,995,000
Sold Price
$14,150,000
Premium/Discount to List
-$1,845,000
-11.53%
Current Estimated Value
$14,564,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,970
Avg. Annual Appreciation
0.36%

Purchase Details

Closed on
Aug 10, 2015
Sold by
Mascolo Bruno A
Bought by
Best House In The Colony Llc

Purchase Details

Closed on
Jan 30, 2009
Sold by
Mascolo Bruno A and Mascolo Kyara M
Bought by
Mascolo Bruno A

Purchase Details

Closed on
Oct 28, 2004
Sold by
Intuitive Investments Inc
Bought by
Mascolo Bruno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,507,500
Interest Rate
5.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 27, 2002
Sold by
Friedman Kenneth Todd and Friedman Beth Miriam
Bought by
Loggans Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,025,000
Interest Rate
6.46%

Purchase Details

Closed on
Feb 6, 2002
Sold by
Friedman Kenneth Todd and Friedman Beth Miriam
Bought by
Diamond Marcia and The Marcia Diamond Trust Of 1995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,025,000
Interest Rate
6.46%

Purchase Details

Closed on
May 17, 2000
Sold by
Moss Jerome S
Bought by
Moss Jerome S
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
Milibu Llc $14,150,000 Usa National Title Company
Best House In The Colony Llc -- None Available
Mascolo Bruno A -- None Available
Mascolo Bruno $11,550,000 First American Title Company
Intuitive Investments Inc -- --
Loggans Susan E -- Fidelity National Title
Diamond Marcia -- Fidelity National Title
Moss Jerome S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mascolo Bruno A $4,500,000
Previous Owner Mascolo Bruno $7,507,500
Previous Owner Loggans Susan E $5,100,000
Previous Owner Loggans Susan E $4,760,000
Previous Owner Loggans Susan E $4,025,000
Previous Owner Friedman Kenneth Todd $4,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $14,150,000 -5.6% $2,419 / Sq Ft
03/14/2017 03/14/17 Price Changed $14,995,000 -6.3% $2,564 / Sq Ft
03/13/2017 03/13/17 For Sale $15,995,000 +13.0% $2,735 / Sq Ft
03/08/2017 03/08/17 Off Market $14,150,000 -- --
09/09/2016 09/09/16 For Sale $15,995,000 -- $2,735 / 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 $181,812 $16,100,281 $13,653,951 $2,446,330
2024 $181,812 $15,784,590 $13,386,227 $2,398,363
2023 $178,460 $15,475,089 $13,123,752 $2,351,337
2022 $176,412 $15,171,657 $12,866,424 $2,305,233
2021 $172,360 $14,874,175 $12,614,142 $2,260,033
2019 $169,047 $14,433,000 $12,240,000 $2,193,000
2018 $160,666 $14,150,000 $12,000,000 $2,150,000
2016 $154,888 $13,600,098 $11,774,981 $1,825,117
2015 $152,811 $13,395,813 $11,598,110 $1,797,703
2014 $150,417 $13,133,409 $11,370,920 $1,762,489
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2017

    Chris Cortazzo

    Compass

    (310) 457-3995

    2 in this area

    227 Total Sales

    Chris Cortazzo
    Section Image
  • Branden Williams

    Seller Co-Listing Agent in 2017

    Branden Williams

    The Beverly Hills Estates

    (310) 278-3311

    1 in this area

    197 Total Sales

    Branden Williams
    Section Image
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Map

Source: The MLS

MLS Number: 16-161090

The MLS

APN: 4458-004-035

California Los Angeles County Malibu 90265 Malibu Colony

23512 Malibu Colony Rd, Malibu, CA

This home is located at 23512 Malibu Colony Rd, Malibu, CA 90265 since 09 September 2016 and is currently estimated at $14,564,970, approximately $2,490 per square foot. This property was built in 1930. 23512 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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