NOT LISTED FOR SALE

28936 Cliffside Dr Malibu, CA 90265

Malibu Area

Estimated Value: $5,081,000 - $19,188,500

6 Beds
4 Baths
4,966 Sq Ft
$2,444/Sq Ft Est. Value

Sale Details

Date Sold: September 29, 2020

Last sale price $20,000,000 $4,027 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $88,031 / mo

177 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • RV Access or Parking
  • Malibu Elementary School Rated A
  • Black Bottom Pool
  • Oceanside

About This Home

As of September 2020

Gated Point Dume contemporary estate w/unobstructed Catalina, city, ocean, coastline, & whitewater views. Colonnaded walkway & ramp overlook front gardens & pool that leads to an entry w/steps to the top floor featuring high ceilings, wood floors, & gorgeous views that includes a living/dining great room, round FP, greenhouse-style windows, wall of glass onto full-width entertainer's deck that extends to floating walkway, & steps to very private landscaped backyard. Gourmet ocean-view kitchen w/eat-in counter. Also on this level, an ocean-view bedroom used as office with FP & doors to deck. Lower level includes ocean-view owner's suite & three bedrooms, all w/access to wood deck, grassy yard, & seating areas. Three-car garage w/GH has lower room that's perfect as an art studio, upstairs studio w/bath & room plumbed as kitchen. Includes Riviera 3 beach keys, 38 370KW solar electric panels plus 14 hot water solar panels to heat pool. Ample guest parking & 60 foot regulation Bocce Court.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 02/25/2020

Compass

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 02/25/2020

Compass

Home Details

Home Type

  • Single Family

Lot Details

  • 1.03 Acre Lot
  • Gated Home
  • Bluff on Lot
  • Landscaped
  • Sprinkler System
  • Lawn
  • Property is zoned LCRA1*

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Mountain
  • Pool

Home Design

  • Patio Home
  • Turnkey

Interior Spaces

  • 4,966 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Skylights in Kitchen
  • Recessed Lighting
  • Entryway
  • Living Room with Fireplace
  • 2 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Home Office
  • Library with Fireplace
  • Security System Owned
  • Laundry Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Double Oven
  • Electric Oven
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Instant Hot Water

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters
  • 4 Full Bathrooms
  • Bathtub with Shower
  • Shower
  • Linen Closet In Bathroom

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Driveway
  • Automatic Gate
  • Guest Parking
  • Uncovered Parking
  • RV Access or Parking

Pool

  • Black Bottom Pool
  • Filtered Pool
  • Solar Heated In Ground Pool

Outdoor Features

  • Oceanside
  • Living Room Balcony
  • Wood Patio

Utilities

  • Central Heating
  • Property is located within a water district
  • Tankless Water Heater
  • Septic Tank

Additional Features

  • Detached Guest House
  • Property is near park and public transit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4466-009-013

Home Details

Home Type

Single Family

Lot Details

1.03 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Foyer
  • Living Area: 4966
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, Drywall Walls, High Ceilings (9 Feet+), Living Room Deck Attached, Open Floor Plan, Recessed Lighting, Turnkey
  • Fireplace Rooms: Library, Living Room
  • Flooring: Tile, Wood
  • Appliances: Cooktop - Gas, Double Oven, Oven-Electric
  • Bedrooms: 6
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Linen Closet, Powder Room, Shower and Tub, Shower Over Tub, Shower Stall, Tile
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area, In Kitchen, Living Room
  • Kitchen Features: Gourmet Kitchen, Skylight(s), Tile Counters
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 4329.44
  • Windows: Skylights

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Patio: Deck(s), Living Room Balcony, Living Room Deck Attached, Patio Open, Wood
  • Pool Description: Black Bottom, Filtered, In Ground, Solar Heat, Private
  • Pool: Yes
  • Spa Yn: No
  • View: Catalina, City, City Lights, Coastline, Mountains, Ocean, Panoramic, Pool
  • View: Yes
  • Waterfront: Beach Rights

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Auto Driveway Gate, Door Opener, Driveway, Garage - 3 Car, Parking for Guests, Private, RV Access, Uncovered
  • Total Parking: 11

Utilities

  • Water Heater: Instant Hot Water, Tankless
  • Heating: Central
  • Security: Automatic Gate, Gated, Owned, Prewired for alarm system
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 4466-009-013
  • Geocode Override: No
  • Lot Description: Automatic Gate, Bluff Front, Fenced, Landscaped, Lawn, Street Paved, Yard
  • Lot Location: Near Public Transit, Ocean Side Of Highway 1, Park Nearby, Patio Home
  • Lot Size Area: 44934

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2020
Closed on
Sep 22, 2020
Sold by
Bought by
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$23,500,000
Sold Price
$20,000,000
Premium/Discount to List
-$3,500,000
-14.89%
Current Estimated Value
$12,134,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,865,250
Avg. Annual Appreciation
-8.27%

Purchase Details

Closed on
Dec 9, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$20,000,000 Usa National Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $10,000,000
Closed $10,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/29/2020 09/29/20 Sold $20,000,000 -7.0% $4,027 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
04/20/2020 04/20/20 Price Changed $21,500,000 -8.5% $4,329 / Sq Ft
02/25/2020 02/25/20 For Sale $23,500,000 -- $4,732 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $262,940 $21,648,642 $19,483,778 $2,164,864
2024 $243,827 $21,224,160 $19,101,744 $2,122,416
2023 $239,409 $20,808,000 $18,727,200 $2,080,800
2022 $236,595 $20,400,000 $18,360,000 $2,040,000
2021 $231,205 $20,000,000 $18,000,000 $2,000,000
2020 $9,658 $756,145 $314,430 $441,715
2019 $9,521 $741,319 $308,265 $433,054
2018 $8,954 $726,784 $302,221 $424,563
2016 $8,585 $698,565 $290,487 $408,078
2015 $8,470 $688,073 $286,124 $401,949
2014 $8,378 $674,596 $280,520 $394,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-557908

The MLS

APN: 4466-009-013

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