NOT LISTED FOR SALE

2928 Corral Canyon Rd Malibu, CA 90265

El Nido Neighborhood

Estimated Value: $4,905,000 - $6,325,000

5 Beds
5.5 Baths
4,114 Sq Ft
$1,311/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $6,975,000 $1,695 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $31,311/month

37 Days on Market

Highlights

  • White Water Ocean Views
  • Attached Guest House
  • In Ground Pool
  • Webster Elementary School Rated A
  • Horse Property
  • Primary Bedroom Suite

About This Home

As of November 2020

Magnificent, Wow, single level Italian villa with unobstructed ocean, coastline, whitewater, Queen Necklace, Palos Verdes, Catalina Island, mountain & canyon views forever, from every room! Inspired by the village of Limano & designed by famous Landry Design Group, this privately gated estate offers the ultimate Malibu laid-back lifestyle near the beach! Reclaimed Roman pan roof tiles, lime plaster exterior, natural clay interior walls, limestone floors, soaring 22 high ceilings & custom European style doors/windows throughout. Main house has 4 en-suite beds, 5.5 baths, dream chefs kitchen, Wolf, Miele and Zub-Zero appliances, giant island, breakfast bar, formal dining room, giant floor to ceiling custom fireplace in elegant living room, huge primary bedroom, walk-in closet and luxurious bath. Detached, Guest House, panoramic ocean views, great room, covered loggia, 3 car attached gar. gated courtyard, lush grounds with pool & spa, 12.50 acres privacy & magical setting! Special Value

Last Agent to Sell the Property

Lea Johnson

Sotheby's International Realty License #01006000 Listed on: 08/27/2020

Last Buyer's Agent

Lea Johnson

Sotheby's International Realty License #01006000 Listed on: 08/27/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008 | Remodeled

Lot Details

  • 18.69 Acre Lot
  • Property Near a Canyon
  • West Facing Home
  • Fenced Yard
  • Bluff on Lot
  • Landscaped
  • Secluded Lot
  • Sprinklers Throughout Yard
  • Lawn
  • Property is zoned LCA25Y

Parking

  • 3 Car Direct Access Garage
  • 20 Open Parking Spaces
  • 20 Carport Spaces
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Auto Driveway Gate
  • Driveway
  • Controlled Entrance

Property Views

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

Home Design

  • Villa
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 4,114 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Custom Window Coverings
  • Window Screens
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • 3 Fireplaces
  • Living Room with Attached Deck
  • Formal Dining Room
  • Storage

Kitchen

  • Breakfast Room
  • Breakfast Bar
  • Double Convection Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • Granite Bathroom Countertops
  • Double Vanity
  • Bathtub with Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • In Ground Pool
  • Heated Spa
  • Gunite Pool
  • Pool Heated With Propane

Outdoor Features

  • Horse Property
  • Covered Patio or Porch
  • Rain Gutters

Additional Homes

  • Attached Guest House
  • Fireplace in Guest House

Location

  • Ground Level Unit

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4457-013-058

Home Details

Home Type

Single Family

Year Built

Built in 2008 | Remodeled

Lot Details

18.69 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Villa
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: Magnificent, Wow, single level Italian villa with unobstructed ocean, coastline, whitewater, Queen Necklace, Palos Verdes, Catalina island, Pt Dume, mountain & canyon views forever, from every room! Inspired by the village of Limano & designed by famous Landry Design Group, this privately gated estate offers the ultimate Malibu laid-back lifestyle near the beach! Reclaimed Roman pan roof tiles, lime plaster exterior, natural clay interior walls, limestone floors, soaring 22 high ceilings & custom European style doors/windows throughout. Main house boasts 4 en-suite beds, 5.5 baths, dream chefs kitchen with Wolf, Miele and Zub-Zero appliances, giant island, breakfast bar, area and formal dining room, giant floor to ceiling custom fireplace in elegant living room, huge primary bedroom with walk-in closet and luxurious bath. Detached, large Guest House with panoramic ocean views, great room, living / dining, fireplace island chefs kitchen, covered loggia with fireplace, 3 car attached garage, gated courtyard, lush grounds with pool & spa, Includes adjacent 6+ acres for total of approx.. 12+ acres of privacy and magical setting! Nothing else compares at this price!
  • Entry Location: Living Room
  • Living Area: 4114
  • Lot Acreage: 18.6920
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 2008
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Crown Moldings, Cathedral-Vaulted Ceilings, Built-Ins, Detached/No Common Walls, High Ceilings (9 Feet+), Living Room Deck Attached, Open Floor Plan, Turnkey, Storage Space
  • Fireplace Rooms: Gas Starter, Living Room, Guest House, Master Bedroom
  • Flooring: Hardwood, Stone, Carpet
  • Appliances: Built-In And Free Standing, Built-In Gas, Built-Ins, Convection Oven, Electric, Double Oven, Propane, Oven, Microwave
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Bedroom Features: All Bedrooms Down, Ground Floor Master, Main Floor Bedroom, Main Floor Master Bedroom, Master Retreat, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Granite, Linen Closet, Powder Room, Remodeled, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Breakfast Room, Formal Dining Rm, Family Kitchen, Kitchen Island, In Kitchen
  • Kitchen Features: Counter Top, Island, Pantry, Remodeled
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Equipment: Built-Ins, Cable, Garbage Disposal, Dryer, Dishwasher, Hood Fan, Microwave, Washer, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 1695.43
  • Windows: Custom Window Covering, Double Pane Windows, Drapes/Curtains, Screens

Exterior Features

  • Direction Faces: West
  • Construction: Detached/No Common Walls, Stucco
  • Other Features: Propane Tanks, High Ceilings (9 Feet+), Custom Built, Sliding Glass Doors, Rain Gutters
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Fence: Chain Link, Wood, Privacy
  • Guest House: Attached
  • Patio: Covered, Deck(s), Living Room Deck Attached
  • Pool Description: Heated with Propane, Gunite, Private
  • Pool: Yes
  • Roof: Concrete, Tile
  • Spa: Heated with Propane, Private
  • Spa Yn: Yes
  • View: Coastline, City Lights, Catalina, Canyon, White Water, Panoramic, Mountains
  • View: Yes

Garage/Parking

  • Carport Spaces: 20
  • Garage Spaces: 3
  • Other Spaces: 20
  • Covered Parking: 3
  • Parking Garage: Attached, Auto Driveway Gate, Built-In Storage, Controlled Entrance, Direct Entrance, Door Opener, Driveway, Garage Is Attached, Garage - 3 Car, Driveway Gate, Private, Private Garage
  • Total Parking: 20

Utilities

  • TV Svcs: Cable TV, Tv Satellite Dish
  • Volt 220: 220V Throughout, In Laundry
  • Water Heater: Gas
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Gated, Fire Rated Drywall, Owned, Smoke Detector
  • Sewer: Septic Tank
  • Water: District, Paid

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Sprinkler System, Front, Rear, Side, Sprinkler Timer
  • Horses: Yes
  • Assessor Parcel Number: 4457-013-058
  • Lot Description: Automatic Gate, Back Yard, Bluff Front, Fenced, Exterior Security Lights, Fenced Yard, Front Yard, Gutters, Horse Property, Landscaped, Lawn, Secluded, Yard
  • Lot Location: Canyon
  • Lot Size Area: 532361

Rental Info

  • Land Lease Purchase Yn: No

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Nov 2, 2020
Sold by
Smerecnik Karl and Smerecnik Deborah Anne
Bought by
Friedman Bradley J and Friedman Tiffany A
Seller's Agent
Lea Johnson
Sotheby's International Realty
Buyer's Agent
Lea Johnson
Sotheby's International Realty
List Price
$6,975,000
Sold Price
$6,975,000
Current Estimated Value
$5,391,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,583,438
Avg. Annual Appreciation
-4.79%
Original Mortgage
$2,000,000
Outstanding Balance
$1,797,347
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$3,594,215

Purchase Details

Listed on
Apr 8, 2016
Closed on
Sep 12, 2016
Sold by
Pinkett Brian
Bought by
Smerecnik Karl and Smerecnik Deborah A
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Lily Pingatore
Coldwell Banker Realty
List Price
$7,888,000
Sold Price
$6,950,000
Premium/Discount to List
-$938,000
-11.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.09%
Original Mortgage
$3,500,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2005
Sold by
Corral Canyon Development Llc
Bought by
Pinkett Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,584,004
Interest Rate
7.37%
Mortgage Type
Construction
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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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
Friedman Bradley J $6,975,000 Equity Title Los Angeles
Smerecnik Karl $6,950,000 Lawyers Title
Pinkett Brian $890,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friedman Bradley J $2,000,000
Previous Owner Smerecnik Karl $3,500,000
Previous Owner Pinkett Brian $2,584,004
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2020 11/24/20 Sold $6,975,000 0.0% $1,695 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $6,975,000 +0.4% $1,695 / Sq Ft
10/31/2016 10/31/16 Sold $6,950,000 -11.9% $1,689 / Sq Ft View Prior Sale
10/18/2016 10/18/16 Pending -- -- --
10/10/2016 10/10/16 For Sale $7,888,000 +13.5% $1,917 / Sq Ft
10/08/2016 10/08/16 Off Market $6,950,000 -- --
04/08/2016 04/08/16 For Sale $7,888,000 -- $1,917 / Sq Ft
Source: The MLS

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 $42,426 $3,634,042 $2,928,252 $705,790
2024 $42,426 $3,562,787 $2,870,836 $691,951
2023 $41,521 $3,492,930 $2,814,546 $678,384
2022 $41,113 $6,604,500 $4,564,500 $2,040,000
2021 $81,707 $6,969,313 $5,897,111 $1,072,202
2020 $81,054 $6,897,852 $5,836,644 $1,061,208
2019 $79,996 $6,762,600 $5,722,200 $1,040,400
2018 $75,681 $6,630,000 $5,610,000 $1,020,000
2016 $24,474 $2,082,613 $509,295 $1,573,318
2015 $24,146 $2,051,331 $501,645 $1,549,686
2014 $23,844 $2,011,149 $491,819 $1,519,330
Source: Public Records

Agents Affiliated with this Home

  • Lea Johnson

    Seller's Agent in 2020

    Lea Johnson

    Sotheby's International Realty

    (310) 456-6431

    8 Total Sales

    Lea Johnson
    Section Image
  • Chris Cortazzo

    Seller's Agent in 2016

    Chris Cortazzo

    Compass

    (310) 489-7091

    205 Total Sales

    Chris Cortazzo
    Section Image
  • Peter Hernandez

    Seller Co-Listing Agent in 2016

    Peter Hernandez

    Douglas Elliman

    (949) 270-0440

    Peter Hernandez
    Section Image
  • Lily Pingatore

    Buyer's Agent in 2016

    Lily Pingatore

    Coldwell Banker Realty

    (310) 266-8428

    10 Total Sales

    Lily Pingatore
    Section Image
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Map

Source: The MLS

MLS Number: 20-624324

The MLS

APN: 4457-013-058

California Los Angeles County Malibu 90265 El Nido

2928 Corral Canyon Rd, Malibu, CA

Not Listed for Sale

Detached

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