NOT LISTED FOR SALE

Estimated Value: $7,335,000 - $10,498,693

4 Beds
4 Baths
4,365 Sq Ft
$2,059/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $9,500,000 $2,176 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $58,321/month

88 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • No HOA
  • Webster Elementary School Rated A
  • Great Room
  • Home Office

About This Home

As of June 2021

Once in a lifetime opportunity to own one of Ed Niles' most iconic homes located on 2 private acres overlooking the Pacific ocean. Built almost entirely of steel & glass and set hovering above the property, this architectural masterpiece was built to truly take in the entire Malibu landscape from every angle. The home is separated by a skybridge suspended above the driveway with the entertaining space on one end & living space on the other. The 35 ft. high semicircle great room of glass & steel beams encompasses the designated entertaining space w/ the doors leading from the entryway to the backyard mirroring each other allowing fluid movement & site from the front yard through the great room to the panoramic ocean view backyard w/ pool. The skybridge takes you to the spine of the living space suspended appx. 16 ft in the air w/ rooms separated by pod-like structures on either side. At the front is the master suite, which includes separate pods for the master BR, sitting room, master bath & closet all taking in different views looking back at the home & the surrounding landscape of the Malibu coastline & includes a private master deck with jacuzzi at the very tip giving you the full 360 degree view. This wing is completed by the 2nd bedroom, gym & separate den. This truly is a property that can never be recreated in Malibu & will stand the test of time.

Last Agent to Sell the Property

Bill Moss

Coldwell Banker Realty License #00860010 Listed on: 03/16/2021

Coldwell Banker Realty

Co-Listed By

Daniel Moss

Coldwell Banker Realty License #01929872

Last Buyer's Agent

Ty Bergman

Equity Union License #01015897

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $116,630

Year Built

  • Built in 1992

Lot Details

  • 1.98 Acre Lot
  • Property is zoned LCR11*

Parking

  • Garage

Property Views

  • Ocean
  • Coastline
  • Mountain

Interior Spaces

  • Built-In Features
  • Great Room
  • Dining Area
  • Home Office
  • Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa

Utilities

  • Air Conditioning
  • Cable TV Available

Additional Features

  • Solar Heating System
  • Open Patio

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4467-005-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$116,630

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Lot Acreage: 1.9817
  • Year Built: 1992
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Tile
  • Bedrooms: 4
  • Full Bathroom: 4
  • 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: 4.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer

Exterior Features

  • Other Structures: Other
  • Pool Description: In Ground, Heated
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: Coastline, Ocean, Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car, Garage - 3 Car, Garage Is Detached, Garage Is Attached

Utilities

  • Cooling: Air Conditioning
  • Heating: Solar Heat Other

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4467-005-003
  • Lot Size Area: 86321

Rental Info

  • Furnished: Furnished Or Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Jun 21, 2021
Sold by
Sidley Michael Ian and Sidley Janna Beth
Bought by
Glass Tree Llc
Seller's Agent
Bill Moss
Coldwell Banker Realty
Buyer's Agent
Ty Bergman
Equity Union
List Price
$13,500,000
Sold Price
$9,500,000
Premium/Discount to List
-$4,000,000
-29.63%
Current Estimated Value
$8,989,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$510,436
Avg. Annual Appreciation
-1.31%

Purchase Details

Closed on
Apr 17, 2015
Sold by
Sidley Milton
Bought by
Sidley Milton and Sidley Michael Ian
Source: Public Records

Range of Values:

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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
Glass Tree Llc $9,500,000 Fidelity National Title
Sidley Milton -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2021 06/28/21 Sold $9,500,000 -29.6% $2,176 / Sq Ft
03/16/2021 03/16/21 For Sale $13,500,000 -- $3,093 / 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 $116,630 $10,283,105 $8,118,241 $2,164,864
2024 $116,630 $10,081,476 $7,959,060 $2,122,416
2023 $114,422 $9,883,800 $7,803,000 $2,080,800
2022 $113,153 $9,690,000 $7,650,000 $2,040,000
2021 $17,084 $1,380,896 $442,862 $938,034
2020 $16,909 $1,366,737 $438,321 $928,416
2019 $16,748 $1,339,939 $429,727 $910,212
2018 $15,767 $1,313,666 $421,301 $892,365
2016 $15,155 $1,262,657 $404,943 $857,714
2015 $14,954 $1,243,692 $398,861 $844,831
2014 $14,785 $1,219,330 $391,048 $828,282
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-706456

The MLS

APN: 4467-005-003