NOT LISTED FOR SALE

24460 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $5,364,000 - $15,032,386

4 Beds
4.5 Baths
4,446 Sq Ft
$2,294/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $13,750,000 $3,093 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $67,336/month

31 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Sauna
  • Webster Elementary School Rated A
  • Home Theater
  • Fireplace in Primary Bedroom

About This Home

As of March 2021

One of the most pristine properties on the exclusive Malibu Road. This Moroccan style enclave is situated on a deep, dry stretch of sand and offers endless ocean views of the crashing waves and Malibu coastline. Behind the gated entry, a private courtyard leads into the main level which boasts soaring ceilings and massive windows. An open concept kitchen has a large marble island, casual dining area, and leads out onto an oceanfront deck with dining and seating areas. There is also a comfortable media room on the main level. The ocean view master suite features a private deck, large walk-in closet, study, and spa-like bath with gorgeous turquoise tiles and a soaking tub. There are two additional en-suite bedrooms with equally stunning views, a bonus room with a Murphy bed, and an office/den. The lower level includes a sauna, bathroom, and direct access to the sand with seating, an outdoor shower, and a picturesque beachfront swing.

Last Agent to Sell the Property

Tony Mark

Compass License #01205648 Listed on: 02/01/2021

Compass

Co-Listed By

Russell Grether

Compass License #01836632

Last Buyer's Agent

Mark Smith

Coldwell Banker Realty License #01849414

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 6,330 Sq Ft Lot
  • Lot Dimensions are 47x133
  • Beach Front
  • South Facing Home
  • Property is zoned LCR106

Property Views

  • White Water Ocean
  • Coastline
  • Catalina

Home Design

  • Spanish Architecture
  • Stucco

Interior Spaces

  • 4,446 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Home Theater
  • Den
  • Sauna
  • Alarm System

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Outdoor Features

  • Open Patio

Utilities

  • Zoned Heating and Cooling
  • Property is located within a water district
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-012-001

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 4446
  • Lot Acreage: 0.1453
  • Lot Dimensions: 47x133
  • Stories: 3
  • Year Built: 1974
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Nook, Dining Area
  • Laundry: Inside
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 3362.57

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: White Water, Ocean, Catalina, Coastline, Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning, Multi/Zone
  • Heating: Central
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4458-012-001
  • Lot Location: Beach Front, Beach Access
  • Lot Size Area: 6330

Rental Info

  • Furnished: Furnished Or Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Mar 8, 2021
Sold by
Jones Michael G and Johnston Jones Jennifer
Bought by
Rusen Scott R
Seller's Agent
Tony Mark
Compass
Buyer's Agent
Mark Smith
Coldwell Banker Realty
List Price
$14,950,000
Sold Price
$13,750,000
Premium/Discount to List
-$1,200,000
-8.03%
Current Estimated Value
$10,198,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,551,807
Avg. Annual Appreciation
-5.98%

Purchase Details

Listed on
Mar 23, 2016
Closed on
Aug 31, 2016
Sold by
Denenberg Howard M
Bought by
Jones Michael G and Johnston Jones Jennifer O
Seller's Agent
Brant Didden
Brant Didden, Broker
Buyer's Agent
Jonathan Steindorff
4 Malibu Real Estate
List Price
$13,500,000
Sold Price
$10,300,000
Premium/Discount to List
-$3,200,000
-23.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$4,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 1, 1999
Sold by
Mendez Rafael G
Bought by
Denenberg Howard M and Sosa Real Estate Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.6%
Mortgage Type
Stand Alone First
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
Rusen Scott R $13,750,000 First American Title Company
Jones Michael G $10,300,000 Equity Title
Denenberg Howard M $2,100,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Michael G $4,500,000
Previous Owner Denenberg Howard M $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2021 03/12/21 Sold $13,750,000 -8.0% $3,093 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $14,950,000 0.0% $3,363 / Sq Ft
07/16/2020 07/16/20 Rented $62,000 -17.3% --
06/11/2020 06/11/20 For Rent $75,000 -11.8% --
05/11/2020 05/11/20 Rented $85,000 0.0% --
04/17/2020 04/17/20 For Rent $85,000 0.0% --
09/22/2016 09/22/16 Sold $10,300,000 -10.0% $2,210 / Sq Ft View Prior Sale
09/14/2016 09/14/16 Pending -- -- --
06/15/2016 06/15/16 Price Changed $11,450,000 -10.2% $2,457 / Sq Ft
05/20/2016 05/20/16 Price Changed $12,750,000 -5.6% $2,736 / Sq Ft
03/23/2016 03/23/16 For Sale $13,500,000 -- $2,897 / 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 $168,115 $14,883,439 $8,970,764 $5,912,675
2024 $168,115 $14,591,608 $8,794,867 $5,796,741
2023 $165,007 $14,305,499 $8,622,419 $5,683,080
2022 $163,144 $14,025,000 $8,453,352 $5,571,648
2021 $128,218 $11,043,679 $7,539,938 $3,503,741
2020 $127,501 $10,930,441 $7,462,626 $3,467,815
2019 $125,743 $10,716,119 $7,316,300 $3,399,819
2018 $119,495 $10,506,000 $7,172,844 $3,333,156
2016 $32,292 $2,771,712 $2,181,234 $590,478
2015 $31,834 $2,730,079 $2,148,470 $581,609
2014 $31,384 $2,676,602 $2,106,385 $570,217
Source: Public Records

Agents Affiliated with this Home

  • Tony Mark

    Seller's Agent in 2021

    Tony Mark

    Compass

    (310) 457-6275

    1 in this area

    68 Total Sales

    Tony Mark
    Section Image
  • Russell Grether

    Seller Co-Listing Agent in 2021

    Russell Grether

    Compass

    (310) 589-2471

    1 in this area

    72 Total Sales

    Russell Grether
    Section Image

  • M

    Buyer's Agent in 2021

    Mark Smith

    Coldwell Banker Realty

    (310) 273-3113

    1 in this area

    6 Total Sales

    Mark Smith
    Section Image

  • S

    Buyer's Agent in 2020

    Subscriber Non

    Non-Participant Office

  • Susan Monus

    Buyer's Agent in 2020

    Susan Monus

    Coldwell Banker Realty

    (310) 663-1554

    3 in this area

    28 Total Sales

    Susan Monus
    Section Image
  • Brant Didden

    Seller's Agent in 2016

    Brant Didden

    Brant Didden, Broker

    (310) 562-2399

    2 Total Sales

    Brant Didden
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-687688

The MLS

APN: 4458-012-001

California Los Angeles County Malibu 90265 Malibu Road

24460 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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