$2,810,000
SOLD APR 23, 2025
1.05 Acres
$2,682,065 Price per Acre
45,638 Sq Ft Lot

Recently Sold

$1,237 Per Sq Ft

About This Lot

As of April 2025

Property was sold off market. Listing was uploaded to MLS for comparable sales purposes. Build the private compound of your dreams in one of Malibu's best neighborhoods! With over 1 acre of usable land and unobstructed ocean views, this premier lot in Malibu Park will be sold with permits ready to issue for a private estate designed by Colega Architects. Situated on the southern side of Cuthbert, the property boasts panoramic views of the ocean, islands, and surrounding Santa Monica Mountains. The ~6,000 square foot compound is an exemplary mid-century modern with impressive volumes and the perfect blend of grand rooms to entertain and private retreats to recharge and rejuvenate. A central great room flows seamlessly from a living area to a dining area and into an open-concept kitchen, featuring a massive island, breakfast bar, and a fully equipped butler's pantry. The primary suite is situated at the southernmost point of the home and includes an ocean-view bedroom with outdoor access and a spa-like bathroom with dual vanities, a soaking tub, and access to a private courtyard. There are three additional en-suite bedrooms, plus a family room and office. Designed for seamless indoor/outdoor living, the plans offer a plethora of beautiful outdoor spaces, with a massive half-covered sun deck connecting the living areas to a pool/spa, a built-in cold plunge, a grassy lawn, a rooftop deck with a gas fire pit, and more. The home totals ~4,521 square feet of living space and an attached~540 sq. ft. two-car garage. The sale also includes plans for a detached ADU of ~1,200 sq. ft. that is nearly ready to submit, complete with underlying geology documents and a location with setbacks compliant with the City's regulations. This home is moments from both Zuma Canyon and the Backbone trail network, providing endless miles for hiking, mountain biking, and horseback riding. Malibu Park offers the perfect blend of luxury and serenity in a rural setting, minutes from the sand and surf at Zuma Beach, highly-ranked schools, markets, restaurants, and more. With the costly process of planning and achieving permits already completed, this is a rare opportunity to build a private compound in one of Malibu's most idyllic neighborhoods. Permits are pending and the lot will be delivered fully entitled at the close of escrow with permits ready to issue.

Last Agent to Sell the Property

Russell Grether

Compass License #01836632 Listed on: 04/23/2025

Compass

Last Buyer's Agent

Michael Schaffer

Compass License #02130198

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $28,283

Lot Details

  • 1.05 Acre Lot
  • Lot Dimensions are 134x336
  • Property is zoned LCRA20000*

Property Views

  • Ocean
  • Mountain

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4469-011-017

Property Details

Property Type

Land

Est. Annual Taxes

$28,283

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 1.0477
  • Lot Dimensions: 134x336
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean, Mountains
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4469-011-017
  • Lot Size Area: 45638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2025
Closed on
Mar 5, 2025
Sold by
Martin Family Trust and Martin Mark David
Bought by
Astrobald Revocable Trust and James
Seller's Agent
Russell Grether
Compass
Buyer's Agent
Michael Schaffer
Compass
List Price
$2,810,000
Sold Price
$2,810,000
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
171.93%
Original Mortgage
$3,999,000
Interest Rate
6%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 17, 2024
Sold by
Martin Family Trust and Martin Mark David
Bought by
Martin Family Trust and Martin

Purchase Details

Closed on
May 27, 2024
Sold by
Martin Family Trust and Martin Mark David
Bought by
Martin Family Trust and Martin

Purchase Details

Closed on
Sep 24, 2021
Sold by
Genevieve Labean Intervivos Trust
Bought by
Martin 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
$1,495,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2016
Sold by
Exeter 16260 De Llc
Bought by
Rosen Andrew and Labean Genevieve

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 14, 2016
Sold by
Meissner Peter and Meissner Jenifer
Bought by
Exetier 16260 De Llc
Seller's Agent
Graham Firrell
No Firm Affiliation
List Price
$2,500,000
Sold Price
$2,450,000
Premium/Discount to List
-$50,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%

Purchase Details

Closed on
Jun 27, 1997
Sold by
Enderle Dennis J and Enderle Judith A
Bought by
Meissner Peter and Meissner Jenifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,500
Interest Rate
7.83%

Purchase Details

Closed on
Feb 23, 1995
Sold by
Enderle Dennis J and Enderle Judith A
Bought by
Enderle Dennis J and Enderle Judith A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,810,000 Consumers Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Grant Deed $2,300,000 First American Title Company O
Grant Deed -- None Available
Grant Deed $2,365,000 Equity Title Company
Grant Deed -- Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,999,000 Construction
Previous Owner $1,495,000 New Conventional
Previous Owner $1,495,000 New Conventional
Previous Owner $835,000 New Conventional
Previous Owner $522,000 Credit Line Revolving
Previous Owner $654,000 Unknown
Previous Owner $650,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $315,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Sold $2,810,000 0.0% $1,237 / Sq Ft
04/23/2025 04/23/25 Pending -- -- --
04/23/2025 04/23/25 For Sale $2,810,000 0.0% $1,237 / Sq Ft
03/31/2017 03/31/17 Rented $10,000 0.0% --
03/01/2017 03/01/17 For Rent $10,000 0.0% --
04/13/2016 04/13/16 Sold $2,450,000 -2.0% $1,078 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $2,500,000 -- $1,100 / 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 $28,283 $2,392,920 $2,392,920 --
2023 $27,677 $2,346,000 $2,346,000 $0
2022 $21,742 $1,818,513 $1,818,406 $107
2021 $21,277 $1,782,856 $1,782,751 $105
2019 $20,951 $1,729,977 $1,729,875 $102
2018 $28,514 $2,460,545 $1,695,956 $764,589
2016 $10,338 $851,115 $581,351 $269,764
2015 $10,199 $838,331 $572,619 $265,712
2014 $10,081 $821,911 $561,403 $260,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25503857

The MLS

APN: 4469-011-017