NOT LISTED FOR SALE

23746 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $4,117,000 - $16,384,164

4 Beds
4.5 Baths
2,167 Sq Ft
$4,730/Sq Ft Est. Value

Last Sold November 01, 2018

Last sale price $17,500,000 $8,076 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $71,935/month

361 Days on Market

Highlights

  • White Water Ocean Views
  • Guest House
  • Living Room with Fireplace
  • Webster Elementary School Rated A
  • Heated In Ground Pool
  • Wood Flooring

About This Home

As of November 2018

The address at 23746 Malibu Road was once 21 Malibu Colony. In 1926 May Rindge relinquished part of her private coastline. Some allowed to lease and later buy these bits of beachfront came from Hollywood. 21 Malibu Colony is one of the last structures on its original beach house footprint. For decades local legend has maintained 21 Malibu Colony was originally leased and owned by Constance Bennett and that Mario Puzo wrote "The Godfather" in the teahouse. These legends were encouraged by the magic that is 21 Malibu Colony. Re-imagined by Howard and Angelica Flagg, this 4-bed 5-bath property honors its heritage giving visitors beauty, craftsmanship, privacy and grace. The understated simplicity epitomizes serenity, space, location and livability. From the beachfront deck, through the teahouse to the patio into the main house then to generous open space and a private guesthouse, this property easily entertains while simultaneously scaling life to one on one, you and the ocean.

Last Agent to Sell the Property

Shirley Sherman

Douglas Elliman License #01316456 Listed on: 10/01/2017

Douglas Elliman

Co-Listed By

Brittany Sherman

Douglas Elliman of California, Inc. License #01940324

Last Buyer's Agent

Susan Monus

Coldwell Banker Realty License #00827409

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 0.27 Acre Lot
  • Property is zoned LCR16000*

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Area
  • White Water Ocean Views
  • Alarm System

Kitchen

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

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Driveway

Outdoor Features

  • Heated In Ground Pool
  • Open Patio

Additional Homes

  • Guest House

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-006-032

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Stories: 2
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Stone
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated
  • Pool: Yes
  • Spa Yn: No
  • View: Ocean, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Garage

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4458-006-032
  • Geocode Override: No
  • Lot Size Area: 11741

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2017
Closed on
Oct 26, 2018
Sold by
23746 Malibu Road Llc
Bought by
Capricorn West Coast Llc
Seller's Agent
Shirley Sherman
Douglas Elliman
Buyer's Agent
Susan Monus
Coldwell Banker Realty
List Price
$20,000,000
Sold Price
$17,500,000
Premium/Discount to List
-$2,500,000
-12.5%
Current Estimated Value
$10,250,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,249,418
Avg. Annual Appreciation
-7.15%
Original Mortgage
$14,875
Outstanding Balance
$9,344
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$10,241,238

Purchase Details

Closed on
Jun 22, 2012
Sold by
Flagg Angelica Garcia and The Flagg 1993 Revocable Inter
Bought by
The 23746 Malibu Road Llc

Purchase Details

Closed on
Dec 13, 1997
Sold by
Family Trust Miller Robert And Pola Trs Mille
Bought by
Flagg Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Capricorn West Coast Llc $17,500,000 Lawyers Title
The 23746 Malibu Road Llc -- None Available
Flagg Howard -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capricorn West Coast Llc $14,875
Previous Owner Flagg Howard $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2018 11/01/18 Sold $17,500,000 -5.4% $8,076 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
02/22/2018 02/22/18 Price Changed $18,500,000 -7.5% $8,537 / Sq Ft
10/01/2017 10/01/17 For Sale $20,000,000 0.0% $9,229 / Sq Ft
08/28/2015 08/28/15 Rented $32,000 +6.7% --
04/01/2015 04/01/15 For Rent $30,000 -- --
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 $220,006 $19,521,579 $18,406,062 $1,115,517
2024 $220,006 $19,138,804 $18,045,159 $1,093,645
2023 $215,965 $18,763,534 $17,691,333 $1,072,201
2022 $213,476 $18,395,623 $17,344,445 $1,051,178
2021 $208,616 $18,034,925 $17,004,358 $1,030,567
2019 $204,592 $17,500,000 $16,500,000 $1,000,000
2018 $48,392 $4,210,058 $3,789,059 $420,999
2016 $46,670 $4,046,578 $3,641,926 $404,652
2015 $46,045 $3,985,795 $3,587,221 $398,574
2014 $45,345 $3,907,720 $3,516,953 $390,767
Source: Public Records

Agents Affiliated with this Home

  • Shirley Sherman

    Seller's Agent in 2018

    Shirley Sherman

    Douglas Elliman

    (310) 849-8834

    12 Total Sales

    Shirley Sherman
    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Brittany Sherman

    Douglas Elliman of California, Inc.

    (310) 804-5992

    9 Total Sales

    Brittany Sherman
    Section Image
  • Susan Monus

    Buyer's Agent in 2018

    Susan Monus

    Coldwell Banker Realty

    (310) 663-1554

    3 in this area

    28 Total Sales

    Susan Monus
    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lloyd Sherman

    Douglas Elliman

  • K

    Buyer's Agent in 2015

    Kathleen Doyle

    Kathy Doyle Estates

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-275796

The MLS

APN: 4458-006-032

California Los Angeles County Malibu 90265 Malibu Road

23746 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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