NOT LISTED FOR SALE

Estimated Value: $6,683,000 - $29,296,673

3 Beds
4 Baths
4,276 Sq Ft
$3,493/Sq Ft Est. Value

Last Sold August 19, 2013

Last sale price $14,450,000 $3,379 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $97,402/month

469 Days on Market

Highlights

  • Ocean Front
  • Spa
  • 32,670 Sq Ft lot
  • Webster Elementary School Rated A
  • Gated Parking
  • Fireplace in Primary Bedroom

About This Home

As of August 2013

Quintessential Malibu beach home situated on 90 feet of pristine private sand. Located just south of Paradise Cove, the home is nestled on the beach with private gated access making it the perfect place to relax and enjoy many beauties Malibu has to offer. The home is situated with mid level living spaces with bedrooms above and below, all with their own expansive balconies. The master suite located upstairs offers an expansive space with his and her baths, large picture windows and a private balcony. Downstairs you will find more rooms with a large bonus room and bathroom for quick beach access. This unique property is a must see for anyone looking for a truly exceptional Malibu beach home. Owner represents 32,670 lot square footage. Tax assessor shows 31,787 lot square footage. Buyer to verify.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 04/12/2012

Compass

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 04/12/2012

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $199,701

Year Built

  • Built in 1976

Lot Details

  • 0.75 Acre Lot
  • Ocean Front
  • Gated Home
  • Property is zoned LCR120000*

Property Views

  • White Water Ocean
  • City Lights
  • Mountain

Home Design

  • Traditional Architecture
  • Tile Roof

Interior Spaces

  • 4,276 Sq Ft Home
  • 3-Story Property
  • Bar
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Bonus Room

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Gated Parking

Outdoor Features

  • Spa
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4460-033-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$199,701

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 4276
  • Stories: 3
  • Year Built: 1976
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Carpet, Mixed, Tile
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 3506.78

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Tile
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: City Lights, Mountains, Ocean, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: Garage, Gated

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated
  • Sewer: Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4460-033-027
  • Lot Size Area: 32670

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2024
Sold by
William J Mcmorrow Revocable Trust and Mcmorrow William J
Bought by
Pieradu Llc
Current Estimated Value
$14,937,558

Purchase Details

Listed on
Apr 12, 2012
Closed on
Jul 31, 2013
Sold by
Linder Milton and Linder Geraldine B
Bought by
Mcmorrow William J and Mcmorrow Revocable T William J
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$13,995,000
Sold Price
$14,450,000
Premium/Discount to List
$455,000
3.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.28%
Original Mortgage
$7,000,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 1997
Sold by
Linder Milton and Linder Geraldine B
Bought by
Linder Milton and Linder Geraldine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,000
Interest Rate
7.98%

Purchase Details

Closed on
Jun 5, 1997
Sold by
Linder Milton and Linder Family Trust
Bought by
Linder Milton and Linder Geraldine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,000
Interest Rate
7.98%

Purchase Details

Closed on
Jun 30, 1995
Sold by
Linder Milton and Linder Geraldine B
Bought by
Linder Milton and Linder Geraldine B
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
Pieradu Llc $29,000,000 Chicago Title Company
Mcmorrow William J $14,450,144 Chicago Title Company
Linder Milton -- --
Linder Milton -- Fidelity National Title Co
Linder Milton -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner William J Mcmorrow Revocable T $10,000,000
Previous Owner Mcmorrow William J $7,000,000
Previous Owner Mcmorrow William J $7,000,000
Previous Owner Mcmorrow William J $7,000,000
Previous Owner Linder Milton $3,000,000
Previous Owner Linder Milton $1,500,000
Previous Owner Linder Milton $1,495,000
Previous Owner Linder Milton $500,000
Previous Owner Linder Milton $499,000
Previous Owner Linder Milton $29,700
Previous Owner Linder Milton $587,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2013 08/19/13 Sold $14,450,000 -3.6% $3,379 / Sq Ft
07/25/2013 07/25/13 Pending -- -- --
10/08/2012 10/08/12 Price Changed $14,995,000 +7.1% $3,507 / Sq Ft
04/12/2012 04/12/12 For Sale $13,995,000 -- $3,273 / 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 $199,701 $29,000,000 $25,205,000 $3,795,000
2024 $199,701 $17,366,395 $15,623,750 $1,742,645
2023 $196,074 $17,025,878 $15,317,402 $1,708,476
2022 $193,747 $16,692,038 $15,017,061 $1,674,977
2021 $189,330 $16,364,744 $14,722,609 $1,642,135
2019 $185,675 $15,879,358 $14,285,929 $1,593,429
2018 $176,440 $15,567,999 $14,005,813 $1,562,186
2016 $170,204 $14,963,476 $13,461,951 $1,501,525
2015 $167,920 $14,738,711 $13,259,740 $1,478,971
2014 $165,298 $14,450,000 $13,000,000 $1,450,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-593549

The MLS

APN: 4460-033-027