NOT LISTED FOR SALE

29215 Cliffside Dr Malibu, CA 90265

Estimated Value: $6,303,000 - $9,946,632

5 Beds
5.5 Baths
6,019 Sq Ft
$1,425/Sq Ft Est. Value

Last Sold October 23, 2014

Last sale price $7,500,000 $1,246 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $51,179/month

178 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • 24-Hour Security
  • Malibu Elementary School Rated A
  • Tennis Courts
  • Heated In Ground Pool

About This Home

As of October 2014

An unbelievable opportunity to own not just one but two homes in one of the premier locations in Pt. Dume. Located across from the Pt. Dume headlands, this walled and gated property is on the corner of Cliffside Dr. and Dume Dr. The main house is approximately 6,000 sq. ft. with 5 bedrooms, 5.5 baths, formal living room, family room, pool, n/s lighted tennis court and wonderful ocean views. A second home detached and completely separated from the main house by the tennis court is approximately 3,000 sq. ft. with 3 bedrooms and 4 baths, living room, family room, private gated entrance and private 2 car garage, It has a front and back yard and a wonderful patio. The ultimate compound! (See private remarks for showing instructions).

Last Agent to Sell the Property

Dale Pearson

Coldwell Banker Realty License #00858150 Listed on: 03/03/2014

Coldwell Banker Realty

Last Buyer's Agent

Dale Pearson

Coldwell Banker Realty License #00858150 Listed on: 03/03/2014

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 1.07 Acre Lot
  • Property is zoned LCRA1*

Property Views

  • Ocean
  • Views of a landmark
  • Mountain
  • Park or Greenbelt

Home Design

  • Tudor Architecture
  • Tile Roof

Interior Spaces

  • 6,019 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Features
  • Bar
  • Family Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Bonus Room
  • Sauna
  • Center Hall
  • Intercom

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 15 Car Direct Access Garage
  • Side by Side Parking
  • Garage Door Opener
  • Gated Parking

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch
  • Outdoor Grill

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4468-003-005

Community Details

Overview

Additional Features

  • Service Entrance
  • 24-Hour Security

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tudor
  • Street Number Display: Yes
  • Living Area: 6019
  • Stories: 2
  • Year Built: 1990
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Equipment: Barbeque, Built-Ins, Cable, Central Vacuum, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Intercom, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1328.29

Exterior Features

  • Tennis Court: North/South, Private
  • Tennis Court Y/N: Yes
  • Guest House: Detached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Roof: Tile
  • Spa: Private
  • Spa Yn: Yes
  • View: Green Belt, Landmark, Mountains, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Direct Entrance, Door Opener, Garage, Gated, Side By Side
  • Total Parking: 15

Utilities

  • Heating: Central
  • Security: 24 Hour, T.V.
  • Sewer: Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4468-003-005
  • Geocode Override: No
  • Lot Size Area: 46493

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2023
Sold by
Cliffside Dume Llc
Bought by
Cliffside Casa Llc
Current Estimated Value
$8,576,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,963,685
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$6,612,526

Purchase Details

Closed on
Feb 24, 2016
Sold by
Properties Gb7
Bought by
The Cliffside Dume Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,350,000
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2014
Sold by
Kang Young Hwa and Kang Family Trust
Bought by
Properties Gb7

Purchase Details

Closed on
Apr 11, 2007
Sold by
Kang Kil Sun F and The Kang Family Trust
Bought by
Kang Kil Sun and Kang Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 10, 1994
Sold by
Kang Kil Sun and Kang Jae Soon
Bought by
The Kang Family Trust
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
Cliffside Casa Llc $7,750,000 Equity Title Company
The Cliffside Dume Llc $5,600,000 None Available
Properties Gb7 -- Equity Title
Kang Kil Sun -- Accommodation
The Kang Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cliffside Casa Llc $2,000,000
Previous Owner The Cliffside Dume Llc $8,350,000
Previous Owner Kang Kil Sun $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2014 10/23/14 Sold $7,500,000 -6.2% $1,246 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
07/02/2014 07/02/14 Price Changed $7,995,000 -5.4% $1,328 / Sq Ft
03/03/2014 03/03/14 For Sale $8,450,000 0.0% $1,404 / Sq Ft
11/05/2013 11/05/13 Rented $12,000 -20.0% --
11/05/2013 11/05/13 Under Contract -- -- --
08/20/2013 08/20/13 For Rent $15,000 +7.1% --
03/12/2012 03/12/12 Rented $14,000 +7.7% --
03/12/2012 03/12/12 Under Contract -- -- --
01/13/2012 01/13/12 For Rent $12,995 -- --
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 $76,538 $7,905,000 $7,854,000 $51,000
2024 $76,538 $6,499,274 $5,802,926 $696,348
2023 $75,139 $6,371,839 $5,689,144 $682,695
2022 $74,236 $6,246,902 $5,577,593 $669,309
2021 $72,489 $6,124,415 $5,468,229 $656,186
2020 $72,082 $6,061,618 $5,412,160 $649,458
2019 $71,098 $5,942,764 $5,306,040 $636,724
2018 $66,970 $5,826,240 $5,202,000 $624,240
2016 $87,322 $7,614,375 $6,091,500 $1,522,875
2015 $86,156 $7,500,000 $6,000,000 $1,500,000
2014 $19,760 $1,643,689 $591,094 $1,052,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-741327

The MLS

APN: 4468-003-005