$21,000,000
SOLD SEP 26, 2024
4 Beds
5 Baths
4,021 Sq Ft
5,674 Sq Ft Lot

Recently Sold

$5,223 Per Sq Ft

60% Below List Price

198 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • No HOA
  • Webster Elementary School Rated A
  • Living Room with Fireplace
  • Laundry Room

About This Home

As of September 2024

An architectural tour de force and only one of the few private homes in the United States designed by the renowned Pritzker Prize-winning Japanese architect, Tadao Ando. Best known for his minimalist structures and his assured use of reinforced concrete, Ando's trademark design of "smooth-as-silk" concrete is wholly present in the structure and surface of the home. Constructed of approximately 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 massive pylons driven more than 60 feet into the sand with AD100 architecture firm Marmol Radziner acting as executive architect and general contractor, the structure is an everlasting beacon of permanence on California's coastline. Natural light is used creatively throughout the space, another signature of Ando, to manipulate a warm feeling throughout the building and harmonize with its natural surroundings. The home spans +/- 4,000 sq. ft. of interior space and approximately 1,500 sq. ft. of outdoor decks with ocean views from every room. Currently all interior finishes have been removed from the property, and work is needed to either restore or reimagine the interiors. Thoughtfully located on the prestigious and quiet Malibu Road, with easy access and close proximity to the finest restaurants, shopping, and entertainment in all of Malibu. An exceedingly rare architectural achievement that should be seen as a masterful work of art, rather than just a residence.

Last Agent to Sell the Property

Jason Oppenheim

The Oppenheim Group, Inc. License #01863254 Listed on: 01/08/2024

The Oppenheim Group, Inc.

Last Buyer's Agent

Jean-Baptiste Rugiero

The Agency License #01913472

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $682,131

Year Built

  • Built in 2013

Lot Details

  • 5,674 Sq Ft Lot
  • Lot Dimensions are 50x118
  • Property is zoned LCR1*

Property Views

  • Ocean
  • Panoramic

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,021 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • Concrete Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-013-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$682,131

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 4021
  • Lot Acreage: 0.1303
  • Lot Dimensions: 50x118
  • Stories: 3
  • Year Built: 2013
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Cement
  • Bedrooms: 4
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 9699.08

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Panoramic, Ocean
  • View: Yes

Garage/Parking

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4458-013-015
  • Lot Size Area: 5674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2024
Sold by
Shore Drive Holdings Llc
Bought by
Belwood Investments Llc

Purchase Details

Closed on
Aug 25, 2021
Sold by
Wave One Llc
Bought by
Shore Drive Holdings Llc

Purchase Details

Closed on
Jun 17, 2003
Sold by
Boddicker Michael
Bought by
Boddicker Edie Lehmann

Purchase Details

Closed on
Jan 16, 2003
Sold by
Boddicker Edie Lehmann and Lehmann Edie
Bought by
Boddicker Michael

Purchase Details

Closed on
Apr 18, 1996
Sold by
Boddicker Michael
Bought by
Lehmann Edie
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 $21,000,000 Fidelity National Title
Grant Deed $57,250,000 Chicago Title Company
Interfamily Deed Transfer -- --
Grant Deed -- --
Interfamily Deed Transfer -- Equity Title Company
Grant Deed -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Closed $300,000 New Conventional
Closed $5,000 New Conventional
Closed $3,000 New Conventional
Closed $25,000 New Conventional
Closed $20,000 New Conventional
Closed $10,000 New Conventional
Closed $1,500 New Conventional
Closed $1,000 New Conventional
Closed $30,000 New Conventional
Closed $50,000 New Conventional
Closed $1,000 New Conventional
Closed $22,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $39,000,000 +85.7% $9,699 / Sq Ft
09/26/2024 09/26/24 Sold $21,000,000 -46.2% $5,223 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
04/10/2024 04/10/24 Price Changed $39,000,000 -26.4% $9,699 / Sq Ft
01/08/2024 01/08/24 For Sale $53,000,000 -- $13,181 / 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
2024 $682,131 $59,562,900 $56,181,600 $3,381,300
2023 $669,799 $58,395,000 $55,080,000 $3,315,000
2022 $662,257 $57,250,000 $54,000,000 $3,250,000
2021 $52,443 $4,466,567 $2,408,472 $2,058,095
2020 $52,147 $4,420,769 $2,383,777 $2,036,992
2019 $51,427 $4,334,088 $2,337,037 $1,997,051
2018 $48,885 $4,249,107 $2,291,213 $1,957,894
2016 $47,096 $4,084,111 $2,202,244 $1,881,867
2015 $46,464 $4,022,765 $2,169,165 $1,853,600
2014 $45,752 $3,943,966 $2,126,675 $1,817,291
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-340673

The MLS

APN: 4458-013-015