NOT LISTED FOR SALE

29060 Cliffside Dr Malibu, CA 90265

Malibu Area

Estimated Value: $5,391,000 - $32,922,852

6 Beds
6 Baths
6,107 Sq Ft
$3,137/Sq Ft Est. Value

Sale Details

Date Sold: April 20, 2022

Last sale price $35,000,000 $5,731 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $141,915 / mo

53 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Home Theater
  • Malibu Elementary School Rated A
  • Property has ocean access
  • Heated In Ground Pool

About This Home

As of April 2022

A blufftop masterpiece, this Point Dume mid-century modern estate commands spectacular ocean and Catalina Island views from the area's most desirable street. With gorgeous sight lines and extensive use of hardwoods and glass, the open-plan living areas flow seamlessly to beautifully manicured grounds for luxurious living and majestic entertaining. A celebrity pedigree, exceptional privacy, dual owner's suites, media room, infinity pool, and stairs to the sandy beach distinguish this remarkable property. The gated entry opens to a beautifully landscaped drive complete with sports court and a charming dining patio. The large pivoting front door opens onto a flagstone-floor landing that steps down to a magnificent great room comprising living, dining, and kitchen areas with stunning views out to the pool, patio, and ocean. With gently sloped beamed ceilings, skylights, hardwood floors, and walls of glass flanking two sides, the living area features a dramatic stone and metal fireplace wall, sleek contemporary cabinetry, and views that are shared by the huge open dining area and the adjacent kitchen. The kitchen, up two steps from the living area, has heated flagstone floors, an island, bar seating, top-quality appliances, a desk area, extensive storage, a butler's pantry, and an enormous built-in breakfast/dining nook with a beautiful table, upholstered seating, and wraparound windows that open to the pool deck just outside. Off the living area, at the front of the house, is a spacious media room complete with with beverage and wine coolers and built-in cabinets. Doors from this room open to the scenic front patio. Another hallway steps down to a bedroom wing where the three bedrooms include the main-floor owner's suite. This lovely ocean-view retreat has a curved wall with many windows and wide glass doors opening onto a relaxing patio area that looks toward the views and the pool deck. There are generous built-ins, dual closets, and a lavish spa-style bath with heated floors. Across the main living area, off the kitchen, is an additional ocean-view bedroom and bathroom. On the home's upper floor is a spacious ocean-view deck with ample room for dining and lounging and two en-suite bedrooms, including the second owner's suite. This room has a built-in desk, a luxurious bath, and doors to a private balcony that overlooks the pool, yard, and spectacular vistas of the ocean, islands, and sparkling Queen's Necklace. The extraordinary backyard is terraced and meticulously landscaped to take full advantage of the property's views, privacy, and multiple options for intimate and expansive entertaining. Arrayed around the pool and central patio and multi-level deck, there are separate areas for al fresco dining, an outdoor living room, barbecue center, firepit with built-in seating, lawns, and inviting places for whale watching, stargazing, and taking in the gorgeous white water views. There is an outdoor shower and a gated stairway to the wide, sandy beach at Dume Cove. Designed for tranquil relaxation and gracious entertaining, this architectural estate is a peaceful sanctuary on one of Southern California's most desirable stretches of shoreline.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 01/13/2022

Compass

Last Buyer's Agent

Vladan Stojanovic

Compass License #01417489

Compass

Home Details

Home Type

  • Single Family

Lot Details

  • 37,530 Sq Ft Lot
  • Lot Dimensions are 86x446
  • Beach Front
  • Wood Fence
  • Bluff on Lot
  • Landscaped
  • Sprinklers on Timer
  • Lawn
  • Back and Front Yard
  • Property is zoned LCRA1*

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Driveway
  • Automatic Gate
  • Guest Parking

Property Views

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

Home Design

  • Patio Home
  • Turnkey

Interior Spaces

  • 6,107 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Double Pane Windows
  • French Doors
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • 2 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Home Theater

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Self-Cleaning Convection Oven
  • Range with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 6 Full Bathrooms
  • Double Vanity
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Double Shower
  • Shower
  • Steam Shower
  • Spa Bath
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Alarm System
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Spa
  • Pool Cover

Outdoor Features

  • Property has ocean access
  • Oceanside
  • Balcony
  • Covered Patio or Porch
  • Fire Pit
  • Outdoor Grill

Location

  • Property is near park

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4468-001-010

Home Details

Home Type

Single Family

Lot Details

0.86 Acres

Parking

2

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: 6107
  • Lot Acreage: 0.8616
  • Lot Dimensions: 86x446
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Beamed Ceiling(s), Built-Ins, Cathedral-Vaulted Ceilings, Detached/No Common Walls, High Ceilings (9 Feet+), Living Room Deck Attached, Recessed Lighting, Turnkey
  • Fireplace Rooms: Fire Pit, Living Room
  • Flooring: Wood, Tile, Carpet
  • Appliances: Built-Ins, Convection Oven, Double Oven, Microwave, Gas, Range, Range Hood, Self Cleaning Oven
  • Bedrooms: 6
  • Fireplaces: 2
  • Full Bathroom: 6
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Shower, Double Vanity(s), Dual Entry (Jack & Jill) Bath, Linen Closet, Shower and Tub, Shower Over Tub, Shower Stall, Steam Shower, Tile, Tub With Jets
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar, Breakfast Nook, Dining Area, In Kitchen, Living Room
  • Kitchen Features: Island, Pantry, Stone Counters
  • Laundry: Garage, Inside
  • Total Bathrooms: 6.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Ceiling Fan, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Trash Compactor
  • Fireplace: Yes
  • Price Per S Q F T: 5649.25
  • Windows: Double Pane Windows, Skylights

Exterior Features

  • Other Features: Balcony, Barbecue Private, French Doors, High Ceilings (9 Feet+), Sliding Glass Doors, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Fence: Wood
  • Patio: Balcony, Covered, Living Room Deck Attached, Patio Open, Rock/Stone, Wood
  • Pool Description: Heated And Filtered, In Ground, Pool Cover, Private
  • Pool: Yes
  • Spa: Bath Tub
  • Spa Yn: Yes
  • View: Catalina, City, City Lights, Coastline, Mountains, Ocean, White Water, Panoramic, Pool
  • View: Yes
  • Waterfront: Beach Rights

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Auto Driveway Gate, Driveway - Pavers, Garage - 2 Car, Garage Is Attached, Parking for Guests, Private, Uncovered
  • Total Parking: 4

Utilities

  • Water Heater: Tankless
  • Cooling: Central, Ceiling Fan, Multi/Zone
  • Heating: Central, Zoned
  • Security: Automatic Gate, Smoke Detector
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Flood, Coastal Commission
  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 4468-001-010
  • Lot Description: Automatic Gate, Back Yard, Bluff Front, Fenced, Front Yard, Landscaped, Lawn, Street Paved, Yard
  • Lot Location: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1, Park Nearby, Patio Home
  • Lot Size Area: 37530

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
Jan 13, 2022
Closed on
Apr 5, 2022
Sold by
Bought by
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Vladan Stojanovic
Compass
List Price
$34,500,000
Sold Price
$35,000,000
Premium/Discount to List
$500,000
1.45%
Current Estimated Value
$19,156,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,843,074
Avg. Annual Appreciation
-13.16%

Purchase Details

Closed on
Nov 6, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,700,000
Interest Rate
0.0385%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
0.06%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
0.0606%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1997
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
$35,000,000 Chicago Title
$21,000,000 Usa National Title Company
-- Chicago Title Co
-- --
-- --
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
Previous Owner $17,250,000
Previous Owner $14,700,000
Previous Owner $4,320,000
Previous Owner $4,750,000
Previous Owner $4,750,000
Previous Owner $1,300,000
Previous Owner $2,500,000
Previous Owner $750,000
Previous Owner $1,000,000
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
04/20/2022 04/20/22 Sold $35,000,000 +1.4% $5,731 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $34,500,000 -- $5,649 / 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 $450,402 $37,142,280 $33,958,656 $3,183,624
2024 $417,667 $36,414,000 $33,292,800 $3,121,200
2023 $410,133 $35,700,000 $32,640,000 $3,060,000
2022 $273,612 $23,588,445 $21,444,041 $2,144,404
2021 $267,357 $23,125,927 $21,023,570 $2,102,357
2020 $295,943 $25,489,800 $21,848,400 $3,641,400
2019 $291,865 $24,990,000 $21,420,000 $3,570,000
2018 $297,299 $24,500,000 $21,000,000 $3,500,000
2017 $76,836 $6,622,653 $4,900,273 $1,722,380
2016 $74,367 $6,492,798 $4,804,190 $1,688,608
2015 $73,304 $6,395,271 $4,732,027 $1,663,244
2014 $72,251 $6,269,998 $4,639,334 $1,630,664
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-118563

The MLS

APN: 4468-001-010

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