NOT LISTED FOR SALE

24320 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $6,384,000 - $12,129,492

4 Beds
4 Baths
2,782 Sq Ft
$3,315/Sq Ft Est. Value

Last Sold May 04, 2022

Last sale price $10,500,000 $3,774 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $58,729/month

4 Days on Market

Highlights

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

About This Home

As of May 2022

A rare oceanfront opportunity on Malibu Road with approx. 75' of beach frontage, pool and spa and a separate guest house! Enter this charming 4 bedroom, 4 bathroom property through a private gated entry into a walled courtyard surrounded by overhanging trees with pool and ocean view spa, built-in BBQ, wonderful entertaining areas and stairs to beach. Enjoy stunning ocean views from the spacious living/dining areas with high ceilings, floor-to-ceiling windows, a fireplace, kitchen and wrap around ocean view deck perfect for entertaining and oceanfront dining. The master suite is oceanside and opens to the deck. The other two bedrooms offer ensuite bathrooms, one has double doors leading to the pool, the other has a fireplace and access to an ocean view deck. There is a fabulous separate guest house above the garage with one bedroom, one bath, kitchen, ocean view deck and private entrance. Includes plans and permits in process for remodel.

Last Agent to Sell the Property

Gayle Pritchett-Macleod

Sotheby's International Realty License #00585628 Listed on: 04/28/2022

Co-Listed By

Wilian Badauy-Menezes

Diamond Real Estate One License #01915910

Last Buyer's Agent

Bryan Castaneda

The Agency License #01309833

The Agency

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 6,473 Sq Ft Lot
  • Lot Dimensions are 75x85
  • Property is zoned LCR106

Parking

  • 5 Open Parking Spaces
  • 2 Car Garage
  • Driveway
  • On-Street Parking

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Pool

Home Design

  • Villa

Interior Spaces

  • 2,782 Sq Ft Home
  • 1-Story Property
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Dining Area
  • Alarm System

Kitchen

  • Oven or Range
  • Freezer
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Outdoor Grill

Additional Homes

  • Attached Guest House

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-011-013

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Villa
  • Street Number Display: Yes
  • Living Area: 2782
  • Lot Acreage: 0.1486
  • Lot Dimensions: 75x85
  • Stories: 1
  • Year Built: 1972
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas and Wood, Gas Starter, Living Room
  • Flooring: Tile, Carpet, Wood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Barbeque, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Water Line to Refrigerator
  • Price Per S Q F T: 3900.07

Exterior Features

  • Other Structures: GuestHouse
  • Guest House: Attached
  • Pool Description: In Ground, Heated And Filtered, Private
  • Pool: Yes
  • Spa: Heated, In Ground, Private
  • Spa Yn: Yes
  • View: City Lights, Coastline, Ocean, Panoramic, White Water, Water, Pool
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 5
  • Parking Garage: Driveway, On street, Garage - 2 Car
  • Total Parking: 7

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4458-011-013
  • Lot Size Area: 6473

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2018
Closed on
Dec 19, 2018
Sold by
Lewis Ashley Wells
Bought by
Malibu Rd L & R Zv Llc
Seller's Agent
Gayle Pritchett-Macleod
Sotheby's International Realty
Buyer's Agent
Wilian Badauy-Menezes
Diamond Real Estate One
List Price
$9,800,000
Sold Price
$8,200,000
Premium/Discount to List
-$1,600,000
-16.33%
Current Estimated Value
$9,222,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,022,497
Avg. Annual Appreciation
1.71%

Purchase Details

Closed on
Feb 12, 2018
Sold by
Lewis Ashley Wells
Bought by
Lewis Ashley Wells

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,500,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2009
Sold by
Lewis Ashley Wells
Bought by
Lewis Ashley Wells and The Ashley Wells Lewis Trust
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
Malibu Rd L & R Zv Llc $8,200,000 Fidelity National Title Comp
Lewis Ashley Wells -- Stewart Title Company
Lewis Ashley Wells -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Ashley Wells $4,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2022 05/04/22 Sold $10,500,000 -3.2% $3,774 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $10,850,000 +32.3% $3,900 / Sq Ft
01/25/2019 01/25/19 Sold $8,200,000 -6.7% $3,060 / Sq Ft View Prior Sale
01/20/2019 01/20/19 Pending -- -- --
10/16/2018 10/16/18 Price Changed $8,790,000 -3.9% $3,280 / Sq Ft
09/11/2018 09/11/18 Price Changed $9,150,000 -6.6% $3,414 / Sq Ft
07/13/2018 07/13/18 For Sale $9,800,000 -- $3,657 / 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 $126,051 $11,142,682 $8,615,416 $2,527,266
2024 $126,051 $10,924,199 $8,446,487 $2,477,712
2023 $123,746 $10,710,000 $8,280,870 $2,429,130
2022 $100,579 $8,619,662 $6,033,764 $2,585,898
2021 $98,251 $8,450,650 $5,915,455 $2,535,195
2019 $25,581 $2,123,415 $628,390 $1,495,025
2018 $24,278 $2,081,780 $616,069 $1,465,711
2016 $23,395 $2,000,945 $592,148 $1,408,797
2015 $23,082 $1,970,890 $583,254 $1,387,636
2014 $22,740 $1,932,284 $571,829 $1,360,455
Source: Public Records

Agents Affiliated with this Home

  • Gayle Pritchett-Macleod

    Seller's Agent in 2022

    Gayle Pritchett-Macleod

    Sotheby's International Realty

    (310) 456-6771

    3 in this area

    29 Total Sales

    Gayle Pritchett-Macleod
    Section Image

  • W

    Seller Co-Listing Agent in 2022

    Wilian Badauy-Menezes

    Diamond Real Estate One

    (310) 779-4200

    1 in this area

    12 Total Sales

    Wilian Badauy-Menezes
    Section Image
  • Bryan Castaneda

    Buyer's Agent in 2022

    Bryan Castaneda

    The Agency

    (310) 895-5572

    1 in this area

    49 Total Sales

    Bryan Castaneda
    Section Image
  • Andrew Mortaza

    Buyer Co-Listing Agent in 2022

    Andrew Mortaza

    The Agency

    (818) 458-2218

    1 in this area

    46 Total Sales

    Andrew Mortaza
    Section Image
  • Barrie Livingstone

    Seller Co-Listing Agent in 2019

    Barrie Livingstone

    Sotheby's International Realty

    (310) 779-0310

    1 in this area

    6 Total Sales

    Barrie Livingstone
    Section Image
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Map

Source: The MLS

MLS Number: 22-151381

The MLS

APN: 4458-011-013

California Los Angeles County Malibu 90265 Malibu Road

24320 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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