$5,634,000
RENTED MAY 31, 2025

28946 Cliffside Dr Malibu, CA 90265

Point Dume Neighborhood
5 Beds
5.5 Baths
4,095 Sq Ft
$1,376 Price per Sq Ft

Last Sold April 16, 2021

Last sale price $19,825,000 $4,841 Per Sq Ft

Current estimated payment $36,095/month

204 Days on Market

Highlights

  • Ocean Front
  • Beach Access
  • Primary Bedroom Suite
  • Malibu Elementary School Rated A
  • In Ground Pool
  • Open Floorplan

About This Home

As of April 2021

Modern, elegant, and private with majestic ocean views from above Dume Cove. Over an acre of private landscaped grounds, perfect for whale watching, relaxation, and indoor-outdoor entertaining. Open plan with clean lines, walls of glass, high ceilings, skylights, hardwood floors. The great room includes a living room with an extra seating area, and dining area, all facing the oceanfront backyard. The dining area extends to the sumptuous chef's kitchen. River rock fireplaces accent living, dining, kitchen. Also on the main floor are two bedrooms and an office. The entire upper floor is an ocean-view owner's retreat, with a custom closet, dressing room, lavish bath, private deck, and a separate area that could be an office. In addition to the main house is an en-suite studio/guesthouse above a two-car garage and an en-suite guesthouse/pool house with a kitchenette. The pool and spa occupy a large, private glade & ocean-facing yard that has patios, seating areas, & lawns for taking in the breathtaking views. Summer Rate is $150,000 per month for June, July, August, and September.

Last Agent to Sell the Property

Patricia Waltcher

BHHS California Properties License #01176473 Listed on: 09/23/2020

BHHS California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $241,740

Year Built

  • Built in 1961

Lot Details

  • 1.04 Acre Lot
  • Ocean Front
  • South Facing Home
  • Security Fence
  • Sprinkler System
  • Garden
  • Property is zoned LCRA1

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway
  • Automatic Gate

Property Views

  • Ocean
  • Catalina
  • City Lights

Home Design

  • Composition Roof

Interior Spaces

  • 4,095 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Formal Entry
  • Great Room with Fireplace
  • Family Room
  • Living Room with Attached Deck
  • Home Office
  • Bonus Room

Kitchen

  • Gas Oven
  • Gas Range
  • Stone Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Beach Access
  • Balcony
  • Patio

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 4466009014

Community Details

Recreation

  • Water Sports
  • Bike Trail

Additional Features

  • No Home Owners Association
  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$241,740

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Automatic Gate, Smoke Detector(s), Wired for Alarm System, Card/Code Access
  • View: Yes
  • Zoning: LCRA1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4466009014
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4095.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Stone Counters, Balcony, Wet Bar, Recessed Lighting, Open Floorplan, Living Room Deck Attached, High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Level: 1
  • Fireplace Features: Great Room
  • Levels: Two
  • Price Per Square Foot: 5799.76
  • Room Type: Bonus Room, Master Suite, Master Bathroom, Main Floor Bedroom, Laundry, Kitchen, Foyer, Walk-In Closet, Office, Master Bedroom, Living Room, Great Room, Guest/Maid's Quarters, Formal Entry, Family Room, Dressing Area, Den
  • Spa Features: Heated, In Ground

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • View: City Lights, Water, Ocean, Catalina
  • Fence: Yes
  • Fencing: Security
  • Patio And Porch Features: Deck
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Oven, Gas Water Heater, Gas Range
  • Heating Type: Central
  • Laundry Features: Inside, Dryer Included, Washer Included
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 45430.00
  • Lot Size Acres: 1.0429

Multi Family

  • Lease Considered: No
  • Lot Size Area: 45430.0000 Square Feet
  • Number Of Units In Community: 1
  • Waterfront Features: Beach Access, Ocean Front

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Mar 30, 2021
Sold by
Obtuse Trust
Bought by
Christopher Cortazzo Trust and Cortazzo
Seller's Agent
Patricia Waltcher
BHHS California Properties
List Price
$23,750,000
Sold Price
$19,825,000
Premium/Discount to List
-$3,925,000
-16.53%
Current Estimated Value
$5,634,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,191,000
Avg. Annual Appreciation
-24.92%
Original Mortgage
$12,886,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 1995
Sold by
Mandel John A and Mandel Martha
Bought by
Mandel John A and Mandel Martha
Source: Public Records

Range of Values:

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Average Value
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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
Christopher Cortazzo Trust $19,825,000 Usa National Title
Mandel John A -- --
Mandel John A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christopher Cortazzo Trust $16,800,000
Closed Christopher Cortazzo Trust $12,886,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 Rented $75,000 -11.8% --
01/09/2025 01/09/25 For Rent $85,000 0.0% --
04/16/2021 04/16/21 Sold $19,825,000 -16.5% $4,841 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
09/23/2020 09/23/20 For Sale $23,750,000 -- $5,800 / Sq Ft
Source: Ventura County Regional Data Share

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 $241,740 $21,459,216 $19,808,508 $1,650,708
2024 $241,740 $21,038,448 $19,420,106 $1,618,342
2023 $237,360 $20,625,930 $19,039,320 $1,586,610
2022 $234,568 $20,221,500 $18,666,000 $1,555,500
2021 $7,574 $568,182 $208,357 $359,825
2019 $6,920 $551,331 $202,178 $349,153
2018 $6,473 $540,521 $198,214 $342,307
2016 $6,581 $519,534 $190,518 $329,016
2015 $6,115 $511,731 $187,657 $324,074
2014 $6,056 $501,708 $183,982 $317,726
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2025

    Chris Cortazzo

    Compass

    (310) 457-3995

    36 in this area

    226 Total Sales

    Chris Cortazzo
    Section Image

  • S

    Buyer Co-Listing Agent in 2025

    Sasha Verruno

    Compass

    (310) 699-5788

    1 Total Sale

    Sasha Verruno
    Section Image
  • Patricia Waltcher

    Seller's Agent in 2021

    Patricia Waltcher

    BHHS California Properties

    (213) 369-5946

    1 in this area

    54 Total Sales

    Patricia Waltcher
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-1517

Ventura County Regional Data Share

APN: 4466-009-014

California Los Angeles County Malibu 90265 Point Dume

28946 Cliffside Dr, Malibu, CA

This home is located at 28946 Cliffside Dr, Malibu, CA 90265 since 23 September 2020 and is currently estimated at $5,634,000, approximately $1,375 per square foot. This property was built in 1961. 28946 Cliffside Dr is a home located in Los Angeles County with nearby schools including Malibu Elementary School, Malibu Middle School, and Malibu High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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