NOT LISTED FOR SALE

29300 Newton Canyon Rd Malibu, CA 90265

Santa Monica Mountains Neighborhood

Estimated Value: $2,345,527 - $4,299,000

38 Acres
$82,781 Price per Acre
1,650,924 Sq Ft Lot

Last Sold May 15, 2024

Last sale price $2,500,000 $1,055 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $18,466/month

291 Days on Market

Highlights

  • Ocean View
  • Sumac Elementary School Rated A
  • 37.9 Acre Lot

About This Lot

As of May 2024

Located behind shared gates of the Rosenthal Estate, welcome to just under 38 magical acres with lush hills, a vineyard, a large flat building pad, pool with a pool cabana, and ocean views. Original main house and guest house were lost in the Woolsey Fire. Pool and pool structure are still on-site, as well as a storage structure and chicken coop. Private with a second gate, paved driveway, and offering easy access to some of the best hiking on the backbone trail.

Last Agent to Sell the Property

Cody Garcia

The Agency License #01959655 Listed on: 06/01/2023

The Agency

Co-Listed By

Chad Rogers

Hilton & Hyland License #01204144

Last Buyer's Agent

Cody Garcia

The Agency License #01959655 Listed on: 06/01/2023

The Agency

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,064

Lot Details

  • 37.9 Acre Lot
  • Property is zoned LCA11*

Property Views

  • Ocean
  • Panoramic
  • Canyon
  • Vineyard
  • Orchard Views
  • Hills

Listing and Financial Details

  • Assessor Parcel Number 4465-001-037

Property Details

Property Type

Land

Est. Annual Taxes

$13,064

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 37.9000
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, Ocean, Orchard/Grove, Fields, Hills, Panoramic, Vineyard, Water, Any
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4465-001-037
  • Lot Size Area: 1651186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
May 8, 2024
Sold by
Howard Steven Leight Revocable 2020 Trus and Leight Howard
Bought by
Malibu Holdings Llc
Seller's Agent
Cody Garcia
The Agency
Buyer's Agent
Cody Garcia
The Agency
List Price
$4,300,000
Sold Price
$2,500,000
Premium/Discount to List
-$1,800,000
-41.86%
Views
275
Current Estimated Value
$3,137,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$637,382
Avg. Annual Appreciation
-0.41%

Purchase Details

Listed on
Jun 1, 2023
Closed on
Apr 18, 2024
Sold by
Howard Steven Leight Revocable 2020 Trus and Leight Howard
Bought by
Malibu Holdings Llc
Seller's Agent
Cody Garcia
The Agency
Buyer's Agent
Cody Garcia
The Agency
List Price
$4,300,000
Sold Price
$2,500,000
Premium/Discount to List
-$1,800,000
-41.86%
Views
275

Purchase Details

Closed on
Sep 23, 2020
Sold by
Leight Howard
Bought by
Leight Howard Steven

Purchase Details

Closed on
Mar 12, 1998
Sold by
Worthington Family Trust Worthington Clayton and Worthington Katherine A
Bought by
Worthington Clayton E and Worthington Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.11%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Malibu Holdings Llc $2,500,000 Old Republic Title
Malibu Holdings Llc $2,500,000 Old Republic Title
Leight Howard Steven -- None Available
Worthington Clayton E -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leight Howard $7,500,000
Previous Owner Worthington Clayton E $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $2,500,000 -9.9% $1,055 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
01/29/2024 01/29/24 Price Changed $2,775,000 -18.4% $1,171 / Sq Ft
10/20/2023 10/20/23 Price Changed $3,400,000 -10.5% $1,435 / Sq Ft
09/26/2023 09/26/23 Price Changed $3,800,000 -11.6% $1,604 / Sq Ft
06/01/2023 06/01/23 For Sale $4,300,000 -- $1,815 / 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
2024 $13,064 $1,023,736 $1,023,625 $111
2023 $12,580 $1,003,663 $1,003,554 $109
2022 $12,597 $983,984 $983,877 $107
2021 $12,296 $964,691 $964,586 $105
2019 $12,047 $936,079 $935,977 $102
2018 $15,513 $1,262,073 $917,625 $344,448
2016 $14,951 $1,213,068 $881,994 $331,074
2015 $14,756 $1,194,847 $868,746 $326,101
2014 $14,607 $1,171,443 $851,729 $319,714
Source: Public Records

Agents Affiliated with this Home

  • Cody Garcia

    Seller's Agent in 2024

    Cody Garcia

    The Agency

    (310) 579-1384

    3 in this area

    34 Total Sales

    Cody Garcia
    Section Image
  • Chad Rogers

    Seller Co-Listing Agent in 2024

    Chad Rogers

    Hilton & Hyland

    (310) 858-5417

    1 in this area

    30 Total Sales

    Chad Rogers
    Section Image
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Map

Source: The MLS

MLS Number: 23-275465

The MLS

APN: 4465-001-037

California Los Angeles County Malibu 90265 Santa Monica Mountains

29300 Newton Canyon Rd, Malibu, CA

This home is located at 29300 Newton Canyon Rd, Malibu, CA 90265 since 01 June 2023 and is currently estimated at $3,137,382, approximately $1,324 per square foot. 29300 Newton Canyon Rd is a home located in Los Angeles County with nearby schools including Sumac Elementary School, Lindero Canyon Middle School, and Agoura High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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