NOT LISTED FOR SALE

29208 Cliffside Dr Malibu, CA 90265

Estimated Value: $5,518,000 - $27,563,682

7 Beds
7.5 Baths
7,674 Sq Ft
$2,155/Sq Ft Est. Value

Last Sold September 14, 2017

Last sale price $23,000,000 $2,997 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $111,077/month

344 Days on Market

Highlights

  • White Water Ocean Views
  • In Ground Pool
  • Maid or Guest Quarters
  • Malibu Elementary School Rated A
  • Sauna
  • Wood Flooring

About This Home

As of September 2017

Grand European-style estate with 100' of bluff top panoramic ocean views on prestigious Point Dume. Masterfully re-decorated & sparing no expense in improvements over the past year, this gated/private 2-story, 7 bdrm, 8 bath home w/hardwood & stone flrs throughout is a superb blend of modern elegance & impeccable craftsmanship. With ocean views throughout, the 1st level offers an elegant 2-story entry w/floating staircase; fml living rm w/fireplc & dining rm; gourmet kitchen w/high-end appliances, central island & breakfast nook; cozy family room, gorgeous office w/full bath, & 2-en-suite bdrms. The 2nd level offers a sun-filled owner's suite w/stunning ocean view terrace, luxurious spa-like bath & vast closet; plus 4-addl en-suite ocean view bdrms w/terraces & steam/dry sauna. The apx 1.29 park-like acres w/multiple outdoor dining /sitting areas, BBQ island & pool/spa is perfect for lavish or intimate events. 3-car garage, covered 6-car structure, porte-cochere & ample guest parking.

Last Agent to Sell the Property

Mia Trudeau

Sotheby's International Realty License #01379660 Listed on: 09/22/2016

Sotheby's International Realty

Co-Listed By

Chris Cortazzo

Compass License #01190363

Compass

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 1.29 Acre Lot
  • Property is zoned LCRA1*

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Panoramic
  • City Lights
  • Bluff
  • Mountain
  • Rock

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 7,674 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Electric Fireplace
  • Formal Entry
  • Separate Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Library
  • Sauna
  • Home Gym
  • Center Hall
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer

Parking

  • 3 Car Attached Garage
  • Attached Carport
  • Auto Driveway Gate
  • Driveway

Pool

  • In Ground Pool
  • Gas Heated Pool
  • Saltwater Pool
  • Spa
  • Pool Cover

Outdoor Features

  • Covered Patio or Porch
  • Lanai
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Water Purifier
  • Water Conditioner
  • Phone System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 4468-001-003

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Living Area: 7674
  • Stories: 2
  • Year Built: 1998
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Electric
  • Flooring: Carpet, Hardwood, Stone
  • Bedrooms: 7
  • Full Bathroom: 7
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 8.00
  • Equipment: Alarm System, Barbeque, Bar Ice Maker, Built-Ins, Cable, Dishwasher, Dryer, Electric Dryer Hookup, Freezer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Ice Maker, Microwave, Phone System, Range/Oven, Refrigerator, Trash Compactor, Water Conditioner, Water Filter, Water Line to Refrigerator, Water Purifier
  • Price Per S Q F T: 3355.49

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated with Gas, In Ground, Pool Cover, Private, Salt/Saline
  • Pool: Yes
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: Bay, Bluff, City Lights, Coastline, Mountains, Ocean, Panoramic, Rocks, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Attached, Covered Parking, Driveway - Pavers, Driveway Gate, Garage, Garage - 3 Car, Garage Is Attached

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4468-001-003
  • Geocode Override: No
  • Lot Size Area: 56367

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Aug 22, 2017
Sold by
Basilisk Llc
Bought by
Timara Limited
Seller's Agent
Mia Trudeau
Sotheby's International Realty
Buyer's Agent
Chris Cortazzo
Compass
List Price
$27,950,000
Sold Price
$23,000,000
Premium/Discount to List
-$4,950,000
-17.71%
Current Estimated Value
$16,540,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,459,159
Avg. Annual Appreciation
-3.89%

Purchase Details

Listed on
Jul 8, 2013
Closed on
Jun 1, 2015
Sold by
Kempin Paul
Bought by
Basilisk Llc
Seller's Agent
James Whalen
Compass
Buyer's Agent
Mia Trudeau
Sotheby's International Realty
List Price
$23,750,000
Sold Price
$19,900,000
Premium/Discount to List
-$3,850,000
-16.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%
Original Mortgage
$7,900,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 1, 2012
Sold by
Kempin Ellen
Bought by
Kempin Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2009
Sold by
Kempin Paul
Bought by
Kempin Paul

Purchase Details

Closed on
Jul 17, 2007
Sold by
Kempin Paul
Bought by
Kempin Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,900,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2007
Sold by
Kempin Paul
Bought by
Kempin Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,875,000
Interest Rate
8.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2006
Sold by
Kempin Paul
Bought by
Kempin Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,825,000
Interest Rate
8.23%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 9, 2005
Sold by
Kempin Paul and Kempin Ellen
Bought by
Kempin Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2004
Sold by
Kempin Paul and Kempin Ellen
Bought by
Cliffside Drive Trust Ltd

Purchase Details

Closed on
Dec 5, 1994
Sold by
Mcclintock Gregory Royce and Mcclintock Lynrae Alexander
Bought by
Kempin Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
10.5%
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

Date Buyer Sale Price Title Company
Timara Limited $23,000,000 Usa National Title Company
Basilisk Llc $19,900,000 Lawyers Title
Kempin Paul -- None Available
Kempin Paul -- None Available
Kempin Paul -- Accommodation
Kempin Paul -- Lawyers Title
Kempin Paul -- Lawyers Title
Kempin Paul -- Commonwealth Title
Kempin Paul -- Commonwealth Title
Kempin Paul -- Accommodation
Kempin Paul -- Commonwealth Title
Kempin Paul -- Commonwealth Title
Kempin Paul -- Commonwealth
Kempin Paul -- --
Kempin Paul -- United Title Company
Cliffside Drive Trust Ltd -- --
Kempin Paul -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Basilisk Llc $7,900,000
Previous Owner Kempin Paul $36,000,000
Previous Owner Kempin Paul $5,900,000
Previous Owner Kempin Paul $5,875,000
Previous Owner Kempin Paul $5,825,000
Previous Owner Kempin Paul $6,000,000
Previous Owner Kempin Paul $675,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2017 09/14/17 Sold $23,000,000 -10.7% $2,997 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
03/16/2017 03/16/17 Price Changed $25,750,000 -7.9% $3,355 / Sq Ft
03/14/2017 03/14/17 For Sale $27,950,000 +21.5% $3,642 / Sq Ft
03/12/2017 03/12/17 Off Market $23,000,000 -- --
12/29/2016 12/29/16 For Sale $27,950,000 +21.5% $3,642 / Sq Ft
12/19/2016 12/19/16 Off Market $23,000,000 -- --
09/22/2016 09/22/16 For Sale $27,950,000 +40.5% $3,642 / Sq Ft
06/12/2015 06/12/15 Sold $19,900,000 -16.2% $2,593 / Sq Ft View Prior Sale
04/20/2015 04/20/15 Pending -- -- --
07/01/2014 07/01/14 For Sale $23,750,000 +19.3% $3,095 / Sq Ft
06/30/2014 06/30/14 Off Market $19,900,000 -- --
04/01/2014 04/01/14 For Sale $23,750,000 +19.3% $3,095 / Sq Ft
03/31/2014 03/31/14 Off Market $19,900,000 -- --
07/08/2013 07/08/13 For Sale $23,750,000 -- $3,095 / 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 $295,025 $26,170,072 $22,756,586 $3,413,486
2024 $295,025 $25,656,934 $22,310,379 $3,346,555
2023 $289,698 $25,153,858 $21,872,921 $3,280,937
2022 $286,390 $24,660,646 $21,444,041 $3,216,605
2021 $279,775 $24,177,105 $21,023,570 $3,153,535
2020 $278,213 $23,929,200 $20,808,000 $3,121,200
2019 $274,382 $23,460,000 $20,400,000 $3,060,000
2018 $260,510 $23,000,000 $20,000,000 $3,000,000
2016 $229,736 $20,203,475 $18,274,500 $1,928,975
2015 $42,061 $3,625,579 $1,886,781 $1,738,798
2014 $41,448 $3,554,560 $1,849,822 $1,704,738
Source: Public Records

Agents Affiliated with this Home

  • Mia Trudeau

    Seller's Agent in 2017

    Mia Trudeau

    Sotheby's International Realty

    (310) 850-2747

    12 Total Sales

    Mia Trudeau
    Section Image
  • Chris Cortazzo

    Seller Co-Listing Agent in 2017

    Chris Cortazzo

    Compass

    (310) 457-3995

    211 Total Sales

    Chris Cortazzo
    Section Image
  • James Whalen

    Seller's Agent in 2015

    James Whalen

    Compass

    (310) 435-6775

    7 Total Sales

    James Whalen
    Section Image
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Map

Source: The MLS

MLS Number: 16-164636

The MLS

APN: 4468-001-003

California Los Angeles County Malibu 90265

29208 Cliffside Dr, Malibu, CA

Not Listed for Sale

Detached

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