NOT LISTED FOR SALE

24300 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $6,241,000 - $23,345,269

4 Beds
5 Baths
5,085 Sq Ft
$2,909/Sq Ft Est. Value

Last Sold December 07, 2023

Last sale price $23,375,000 $4,597 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $99,623/month

69 Days on Market

Highlights

  • White Water Ocean Views
  • Heated In Ground Pool
  • Contemporary Architecture
  • Webster Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

As of December 2023

World class custom-built, all new Contemporary oceanfront masterpiece ideally located on famed Malibu Road beach. Set on approximately 100 feet of pristine sandy beach frontage with private gated beach access and a coveted private pool and spa. Fire pit and additional spa on the Ipe wood rooftop deck. Push a button and the walls of glass disappear leaving only the glass railings between you and the Pacific! Wide open concept design leads you to view the tide pools or the surfer's beyond! With over 5,000 sq.ft. of living space, this home offers fine artisan custom finishes throughout including walnut wood interior cabinetry, heated Italian porcelain floors, Smart home Control 4 home automation, state of the art Lutron lighting system, Dornbracht and Fantini plumbing fixtures, Miele top-of-the-line appliances, and Quartzite kitchen and bathroom countertops. Built on 27 caissons that go 60 feet deep and are anchored to solid bedrock. The master bedroom and main floor capture unobstructed ocean vistas. Watch the coast light up at night and the "Queens necklace" view sparkle! This prime location allows for easy access and close proximity to some of the finest restaurants, shopping, and entertainment in all of Malibu. This impressive and immaculate oceanfront estate embodies California living at its absolute finest.

Last Agent to Sell the Property

Jade Mills

Coldwell Banker Realty License #00526877 Listed on: 09/22/2023

Coldwell Banker Realty

Co-Listed By

Emanuele Rizzo

Coldwell Banker Realty License #02142561

Last Buyer's Agent

Susan Monus

Coldwell Banker Realty License #00827409

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021

Lot Details

  • 7,186 Sq Ft Lot
  • Lot Dimensions are 103x63
  • Property is zoned LCR106

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking

Property Views

  • White Water Ocean
  • Coastline

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,085 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Family Room with Fireplace
  • Living Room
  • Dining Area
  • Wood Flooring

Kitchen

  • Oven or Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire Sprinkler System
  • Firewall

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-011-011

Home Details

Home Type

Single Family

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5085
  • Lot Acreage: 0.1650
  • Lot Dimensions: 103x63
  • Stories: 2
  • Year Built: 2021
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Family Room, Master Bedroom, Fire Pit
  • Flooring: Hardwood, Wood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: Inside, Room
  • Total Bathrooms: 5.00
  • Equipment: Bar Ice Maker, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 5898.72

Exterior Features

  • Other Structures: None
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Hot Tub, Private, Heated
  • Spa Yn: Yes
  • View: Coastline, Ocean, Water, White Water
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached, On street, Garage - 2 Car, Garage, Door Opener
  • Total Parking: 4

Utilities

  • Cooling: Central, Air Conditioning
  • Heating: Central
  • Security: Fire and Smoke Detection System, Exterior Security Lights, Firewall(s), Fire Sprinklers

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4458-011-011
  • Lot Size Area: 7186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Nov 27, 2023
Sold by
24300 Malibu Road Llc
Bought by
Patrick Kelly Living Trust and Kelly
Seller's Agent
Jade Mills
Coldwell Banker Realty
Buyer's Agent
Susan Monus
Coldwell Banker Realty
List Price
$29,995,000
Sold Price
$23,375,000
Premium/Discount to List
-$6,620,000
-22.07%
Views
431
Current Estimated Value
$14,793,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,581,865
Avg. Annual Appreciation
-19.74%

Purchase Details

Closed on
Mar 24, 2016
Sold by
Lamb Clifton G
Bought by
24300 Malibu Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.62%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 15, 2011
Sold by
Lamb Clifton G and Galway Trust
Bought by
Lamb Clifton G and Galway Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,047,561
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2000
Sold by
Fanning Craig H and Fanning Tena M
Bought by
Ctf Llc

Purchase Details

Closed on
Dec 8, 1999
Sold by
Kim Sarah
Bought by
Fanning Craig H

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
7.82%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 21, 1999
Sold by
Cho Jae Sung
Bought by
Kim Sarah

Purchase Details

Closed on
Aug 5, 1999
Sold by
Nevada Western Investment Inc
Bought by
Kim Sarah
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patrick Kelly Living Trust $23,375,000 Equity Title Company
24300 Malibu Road Llc $6,000,000 Chicago Title Company
Lamb Clifton G -- Stewart Title
Ctf Llc -- --
Fanning Craig H -- --
Fanning Craig H $1,600,000 Equity Title
Kim Sarah -- Equity Title
Kim Sarah -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 24300 Malibu Road Llc $1,200,000
Previous Owner 24300 Malibu Road Llc $3,237,000
Previous Owner Lamb Clifton G $3,047,561
Previous Owner Fanning Craig H $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2023 12/07/23 Sold $23,375,000 -22.1% $4,597 / Sq Ft
11/30/2023 11/30/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $29,995,000 -- $5,899 / 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 $268,146 $23,842,500 $20,229,150 $3,613,350
2024 $268,146 $23,375,000 $19,832,500 $3,542,500
2023 $87,961 $7,610,101 $6,826,974 $783,127
2022 $86,961 $7,460,884 $6,693,112 $767,772
2021 $84,953 $7,314,593 $6,561,875 $752,718
2019 $74,712 $6,367,248 $6,367,248 $0
2018 $71,021 $6,242,400 $6,242,400 $0
2016 $33,800 $2,932,654 $2,932,654 $0
2015 $33,346 $2,888,603 $2,888,603 $0
2014 $32,831 $2,832,020 $2,832,020 $0
Source: Public Records

Agents Affiliated with this Home

  • Jade Mills

    Seller's Agent in 2023

    Jade Mills

    Coldwell Banker Realty

    (949) 723-4633

    1 in this area

    149 Total Sales

    Jade Mills
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Emanuele Rizzo

    Coldwell Banker Realty

    (310) 777-6200

    1 in this area

    3 Total Sales

    Emanuele Rizzo
    Section Image
  • Susan Monus

    Buyer's Agent in 2023

    Susan Monus

    Coldwell Banker Realty

    (310) 663-1554

    3 in this area

    28 Total Sales

    Susan Monus
    Section Image
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Map

Source: The MLS

MLS Number: 23-314205

The MLS

APN: 4458-011-011

California Los Angeles County Malibu 90265 Malibu Road

24300 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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