$26,750,000
SOLD MAY 2, 2025

23736 Malibu Colony Rd Malibu, CA 90265

Malibu Road Neighborhood
6 Beds
5 Baths
2,633 Sq Ft
0.41 Acres

Recently Sold

$10,160 Per Sq Ft

18% Below List Price

399 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Detached Guest House
  • Webster Elementary School Rated A
  • Property has ocean access
  • Heated Spa

About This Home

As of May 2025

One of Southern California's most desirable addresses, this Cape Cod contemporary comprises a main residence and two guest houses with spectacular views and abundant space for indoor-outdoor living and entertaining. Set behind gates, the oceanfront compound has tall, wood plank ceilings, extra large windows, and wide doorways opening to tranquil patios, lawns, and beachfront decks on two levels. In the main house, a light-filled great room with wood floors includes a spacious living area with a fireplace, a bar area, and a top-of-the-line island kitchen that will serve as the hub of any gathering. Extending from one side of the living room, the dining room has glass doors on two sides, one opening to a grand dining pavilion and the other to a private lawn and garden, also accessible from the living room. From this lawn, steps lead up to a wide beachfront deck furnished for relaxing and stargazing, with a hot tub, comfortable couches, a fire pit, a day bed, and steps to the sand. The views are sensational, from Point Dume to Palos Verdes, with island and ocean and gorgeous sunsets. The home has three bedrooms on the main floor, one, en-suite, currently used as a gym. Upstairs, the primary suite is a private getaway, with vaulted, beamed ceilings, a huge sitting area, a spa-style bath, and a floor-to-ceiling wall of glass that overlooks the lower deck and opens onto an upper-level oceanfront deck with majestic views. Separated from the main residence by a large lawn, the two guest houses are toward the front of the property. One has a living room, full kitchen, bathroom, and two bedrooms, plus a patio area with a sauna and firepit. Nearby is an additional structure that could be used as a yoga room, art studio, gym, or storage area. The second guest house is a large studio suite with vaulted ceilings, huge windows, ocean views, skylight, kitchenette, living and dining area, and a wraparound architectural sunroom. The home has covered parking for two cars, complete with a 220v plug, plus guest parking for five additional vehicles, as well as room for surfboards and other beach equipment. This is a wonderful, welcoming oceanfront home with vacation style and year-round comfort.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 02/24/2025

Compass

Last Buyer's Agent

Kurt Rappaport

Westside Estate Agency Inc. License #01036061

Westside Estate Agency Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $239,641

Year Built

  • Built in 1927

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 46x406
  • Beach Front
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Sprinkler System
  • Lawn
  • Back and Front Yard
  • Property is zoned LCR16000*

Property Views

  • White Water Ocean
  • Coastline
  • City Lights
  • Mountain
  • Rock

Home Design

  • Cape Cod Architecture
  • Turnkey

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Bar
  • Dry Bar
  • Beamed Ceilings
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • French Doors
  • Sliding Doors
  • Living Room with Fireplace
  • 3 Fireplaces
  • Living Room with Attached Deck
  • Formal Dining Room
  • Bonus Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Self-Cleaning Convection Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 5 Full Bathrooms
  • Double Vanity
  • Bathtub
  • Double Shower
  • Shower Only

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Carport Spaces
  • Driveway
  • Automatic Gate
  • Guest Parking
  • On-Street Parking
  • Unassigned Parking

Pool

  • Heated Spa
  • Above Ground Spa

Outdoor Features

  • Property has ocean access
  • Living Room Balcony
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Fire Pit
  • Outdoor Grill

Additional Homes

  • Detached Guest House

Location

  • Property is near public transit
  • City Lot

Utilities

  • Air Conditioning
  • Central Heating
  • Property is located within a water district
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-006-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$239,641

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 0.4058
  • Lot Dimensions: 46x406
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Bar, Built-Ins, Beamed Ceiling(s), Detached/No Common Walls, Living Room Deck Attached, High Ceilings (9 Feet+), Dry Bar, Turnkey, Recessed Lighting
  • Fireplace Rooms: Fire Pit, Exterior, Living Room, Gas
  • Flooring: Wood, Tile, Carpet
  • Appliances: Built-Ins, Gas, Oven, Microwave, Convection Oven, Self Cleaning Oven, Range
  • Bedrooms: 6
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Bedroom Features: Primary Suite
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Shower, Double Vanity(s), Shower Stall, Tub Only, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area, In Kitchen, Kitchen Island, Living Room, Formal Dining Rm
  • Kitchen Features: Island, Stone Counters
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Dishwasher, Hood Fan, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Windows: Skylights

Exterior Features

  • Other Features: Balcony, Barbecue Private, French Doors, High Ceilings (9 Feet+), Sliding Glass Doors, Sprinkler System
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Patio: Deck(s), Living Room Balcony, Patio Open, Wood, Rock/Stone, Balcony
  • Pool: No
  • Spa: Heated, Private, Above Ground
  • Spa Yn: Yes
  • View: Coastline, City Lights, Water, White Water, Rocks, Ocean, Mountains
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Carport Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Carport, Driveway, Parking for Guests, On street, Uncovered, Unassigned, Private, Gated, Garage - 2 Car
  • Total Parking: 5

Utilities

  • Volt 220: In Garage
  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Automatic Gate, Gated
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 4458-006-034
  • Lot Description: Automatic Gate, Back Yard, Fenced Yard, Front Yard, Lawn, Landscaped, Street Paved, Sidewalks
  • Lot Location: Beach Front, Beach Access, Near Public Transit, Ocean Access, Ocean Front, City
  • Lot Size Area: 17677

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2025
Closed on
Apr 11, 2025
Sold by
Nachmi Llc
Bought by
Villa Te Amo Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Kurt Rappaport
Westside Estate Agency Inc.
List Price
$32,500,000
Sold Price
$26,750,000
Premium/Discount to List
-$5,750,000
-17.69%
Views
126
Current Estimated Value
$17,756,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,993,184
Avg. Annual Appreciation
-72.21%
Original Mortgage
$13,500,000
Outstanding Balance
$13,453,341
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$4,303,475

Purchase Details

Listed on
Nov 5, 2012
Closed on
Dec 13, 2013
Sold by
Malibu Colony Pch Property Llc
Bought by
Nachmi Llc
Seller's Agent
Kathryn Bentzen
Coldwell Banker Realty
Buyer's Agent
Susan Monus
Coldwell Banker Realty
List Price
$23,000,000
Sold Price
$17,350,000
Premium/Discount to List
-$5,650,000
-24.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%

Purchase Details

Closed on
Nov 29, 2010
Sold by
Hrtica Robert P and Moa Trust
Bought by
Malibu Colony Pch Property Llc

Purchase Details

Closed on
Sep 26, 2002
Sold by
Malibu Holdings Lp
Bought by
Hrtica Robert and The Moa Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,000
Interest Rate
6.17%

Purchase Details

Closed on
Apr 25, 2002
Sold by
Wilson Thomas J and Wilson Kathleen A
Bought by
Malibu Holdings Lp

Purchase Details

Closed on
Jun 30, 2000
Sold by
Wilson Thomas J and Wilson Kathy
Bought by
Malibu Holdings Lp

Purchase Details

Closed on
Jun 23, 1999
Sold by
Wells Fargo Bank Na
Bought by
Wilson Thomas J and Wilson Kathy
Source: Public Records

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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 Type Sale Price Title Company
Grant Deed $26,750,000 Fidelity National Title
Grant Deed $17,350,173 Equity Title
Grant Deed -- Accommodation
Grant Deed -- First American
Grant Deed -- Equity Title Company
Grant Deed -- Stewart Title
Individual Deed -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $13,500,000 New Conventional
Closed $13,500,000 New Conventional
Previous Owner $10,000,000 New Conventional
Previous Owner $10,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,900,000 No Value Available
Previous Owner $3,120,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $26,750,000 -17.7% $10,160 / Sq Ft
04/25/2025 04/25/25 Pending -- -- --
02/24/2025 02/24/25 For Sale $32,500,000 +21.5% $12,343 / Sq Ft
02/21/2025 02/21/25 Off Market $26,750,000 -- --
10/28/2024 10/28/24 Price Changed $32,500,000 -15.6% $12,343 / Sq Ft
03/22/2024 03/22/24 For Sale $38,500,000 0.0% $14,622 / Sq Ft
08/23/2017 08/23/17 Rented $175,000 -12.5% --
12/19/2016 12/19/16 For Rent $200,000 +14.3% --
06/29/2016 06/29/16 Rented $175,000 0.0% --
04/05/2016 04/05/16 For Rent $175,000 0.0% --
06/24/2015 06/24/15 Rented $175,000 0.0% --
06/24/2015 06/24/15 Under Contract -- -- --
04/24/2015 04/24/15 For Rent $175,000 0.0% --
12/26/2013 12/26/13 Sold $17,350,000 -8.2% $6,589 / Sq Ft
06/20/2013 06/20/13 Price Changed $18,900,000 0.0% $7,178 / Sq Ft
03/25/2013 03/25/13 Rented $175,000 -99.2% --
03/25/2013 03/25/13 Under Contract -- -- --
11/05/2012 11/05/12 For Sale $23,000,000 0.0% $8,735 / Sq Ft
05/16/2012 05/16/12 For Rent $75,000 -- --
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 $239,641 $21,268,722 $19,613,813 $1,654,909
2024 $239,641 $20,851,689 $19,229,229 $1,622,460
2023 $235,249 $20,442,834 $18,852,186 $1,590,648
2022 $232,538 $20,041,995 $18,482,536 $1,559,459
2021 $227,244 $19,649,016 $18,120,134 $1,528,882
2019 $222,862 $19,066,218 $17,582,682 $1,483,536
2018 $211,773 $18,692,372 $17,237,924 $1,454,448
2016 $204,329 $17,966,526 $16,568,555 $1,397,971
2015 $201,588 $17,696,653 $16,319,680 $1,376,973
2014 $198,427 $17,350,000 $16,000,000 $1,350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-370667

The MLS

APN: 4458-006-034