NOT LISTED FOR SALE

29140 Cliffside Dr Malibu, CA 90265

Estimated Value: $7,975,000 - $21,700,889

3 Beds
3 Baths
2,703 Sq Ft
$5,489/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • Detached Guest House
  • Mediterranean Architecture
  • Malibu Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Sundeck

About This Home

As of June 2013

Relax and enjoy the beauty of Malibu in desirable Point Dume within a short distance to beautiful, sandy beaches. This architecturally designed Villa offers 3 bedrooms, 3 baths, charming gardens with terraced roof, and ocean view decking. Panoramic white waters views from Point Dume to the Queen's necklace and beyond. Available for long term lease. No Beach Key.

Last Agent to Rent the Property

Chris Cortazzo

Compass License #01190363 Listed on: 07/16/2012

Compass

Last Renter's Agent

Jaime Watts

Compass License #01903037

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1982

Lot Details

  • 1.1 Acre Lot
  • Property is zoned LCRA1*

Parking

  • 5 Car Garage

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor

Interior Spaces

  • 2,703 Sq Ft Home
  • Built-In Features
  • Family Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Concrete Flooring
  • White Water Ocean Views

Kitchen

  • Oven or Range
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating
  • Septic Tank

Community Details

  • Sundeck

Listing and Financial Details

  • Security Deposit $32,000
  • Tenant pays for electricity, gas, water
  • 12 Month Lease Term
  • Assessor Parcel Number 4468-001-005

Home Details

Home Type

Single Family

Year Built

Built in 1982

Lot Details

0

Rental Info

  • Security Deposit: 32000
  • Tenant Pays: Electricity, Gas, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Mediterranean
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Complex Name: n/a
  • Entry Floor: 1
  • Lease Terms: 1+Year
  • Living Area: 2703
  • Probate: No
  • Year Built: 1982
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Rooms: Family Room, Master Bedroom
  • Flooring: Cement
  • Bedrooms: 3
  • Fireplaces: 2
  • Laundry: Garage
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 4.79

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: Ocean, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Heating: Central
  • Sewer: Septic Tank

Association/Amenities

  • Amenities: Sun Deck
  • Pet Rules: Call

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4468-001-005
  • Lot Size Area: 47916

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2015
Sold by
Smith Armette J
Bought by
Setara Limited
Current Estimated Value
$14,837,945

Purchase Details

Listed on
Jul 16, 2012
Closed on
May 8, 2013
Sold by
Smith Annette J
Bought by
Smith Annette J and The Smith Family Trust
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Jaime Watts
Compass
Sold Price
$9,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,146
Interest Rate
3.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2012
Closed on
Apr 22, 2013
Sold by
Smith Annette J
Bought by
Smith Annette J
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Jaime Watts
Compass
Sold Price
$9,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,146
Interest Rate
3.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2011
Sold by
Smith Annette J
Bought by
Smith Annette J and Smith Family Trust

Purchase Details

Closed on
Mar 18, 2011
Sold by
Smith Annette J
Bought by
Smith Annette J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2000
Sold by
Smith Annette J Trs Smith Family Trust
Bought by
Smith Annette J and Smith Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Setara Limited $12,225,000 Equity Title
Smith Annette J -- None Available
Smith Annette J -- Chicago Title Company
Smith Annette J -- None Available
Smith Annette J -- Old Republic Title Company
Smith Annette J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Annette J $403,146
Previous Owner Smith Annette J $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2013 06/12/13 Rented $9,000 -40.0% --
06/12/2013 06/12/13 Under Contract -- -- --
07/16/2012 07/16/12 For Rent $15,000 -- --
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 $163,427 $14,471,921 $11,837,974 $2,633,947
2024 $163,427 $14,188,158 $11,605,857 $2,582,301
2023 $160,452 $13,909,960 $11,378,292 $2,531,668
2022 $158,523 $13,637,217 $11,155,189 $2,482,028
2021 $154,932 $13,369,821 $10,936,460 $2,433,361
2019 $151,942 $12,973,267 $10,612,080 $2,361,187
2018 $144,248 $12,718,890 $10,404,000 $2,314,890
2016 $139,160 $12,225,000 $10,000,000 $2,225,000
2015 $6,618 $527,654 $151,753 $375,901
2014 -- $517,319 $148,781 $368,538
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Landlord's Agent in 2013

    Chris Cortazzo

    Compass

    (310) 457-3995

    211 Total Sales

    Chris Cortazzo
    Section Image

  • J

    Tenant's Agent in 2013

    Jaime Watts

    Compass

    Section Image
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Map

Source: The MLS

MLS Number: 12-613043

The MLS

APN: 4468-001-005

California Los Angeles County Malibu 90265

29140 Cliffside Dr, Malibu, CA

Not Listed for Sale

Detached

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