NOT LISTED FOR SALE

29800 Cuthbert Rd Malibu, CA 90265

Estimated Value: $3,626,000 - $5,900,000

2.09 Acres
$2,321,278 Price per Acre
90,932 Sq Ft Lot

Last Sold August 01, 2022

Last sale price $4,000,000 $2,024 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $29,788/month

47 Days on Market

Highlights

  • Ocean View
  • Horse Property
  • Bluff on Lot
  • Malibu Elementary School Rated A
  • Horse Property Unimproved
  • Hilltop Location

About This Lot

As of August 2022

Welcome to 29800 Cuthbert Road, the ultimate in Malibu dream living. This quintessential property boasts amazing ocean, horizon, and island views, as well as the Santa Monica Mountains as its backdrop! The property is approximately 90,930 SF and currently has a tennis court, pool and jacuzzi, wine vineyard that at its peak produced 1500 bottles of wine, as well as a large barn and multiple fruit trees. All Caissons and retaining walls have been constructed, waterproofed, french drained, and compacted to make a certified pad. This 2.1-acre property has approved plans with the city of Malibu to build a 5,415 SF and 4 BD/4.5 BA home. Plans to build a second floor are being finalized and should be approved shortly. Once the second floor is approved, the home's total build-out will be 5,965 SF with 5 BD/5.5 BA. This architectural gem was designed by James LeCron. The large barn is in addition to the square footage above. This property is a short walk or bike ride to the beach, schools, markets and restaurants, as well as hiking, mountain biking, and horse trails. A full summary of improvements will be provided to prospective buyers. Come experience Malibu at its finest and begin building your dream home

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 01/27/2022

Compass

Co-Listed By

Alexander Pfeiffer

Floit Properties License #01990477

Last Buyer's Agent

Ziv Gabay

The Beverly Hills Estates License #01971047

The Beverly Hills Estates

Property Details

Property Type

  • Land

Lot Details

  • 2.09 Acre Lot
  • Fenced
  • Bluff on Lot
  • Landscaped
  • Secluded Lot
  • Rectangular Lot
  • Level Lot
  • Hilltop Location
  • Lawn
  • Back Yard
  • Value in Land
  • Property is zoned LCRA20000*

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • Woods
  • Trees
  • Bluff
  • Canyon
  • Vineyard
  • Mountain
  • Hills
  • Valley
  • Pool
  • Rock

Outdoor Features

  • Horse Property
  • Rain Gutters

Horse Facilities and Amenities

  • Horse Property Unimproved

Utilities

  • Underground Utilities
  • Property is located within a water district
  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4469-041-009

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 2.0875
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Public Street: Yes
  • Street Description: Asphalt
  • View: Bluff, Canyon, Ocean, Panoramic, Tree Top, Vineyard, Catalina, Coastline, Mountains, Hills, Trees/Woods, Pool, Rocks, Valley, Water
  • View: Yes

Utilities

  • Cable: Yes
  • Electric: In Street, On Site
  • Gas: On Site, In Street
  • Sewer: Septic Tank
  • Telephone Service: In Street
  • Telephone: Yes
  • Water: District

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: Yes
  • Assessor Parcel Number: 4469-041-009
  • Lot Description: Bluff Front, Horse Property, Raw Land, Value In Land, Yard, Farm, Lawn, Lot Shape-Rectangular, Single Lot, Street Paved, Back Yard, Fenced, Lot-Level/Flat, Storm Drains, Utilities Underground, Secluded, Gutters, Landscaped, Horse Property Unimproved
  • Lot Location: Hilltop, Hillside
  • Lot Size Area: 90930
  • Site Decription: Hilltop, Hillside, Varied
  • Topography: Varied
  • Units Per Acre: 0-1 Unit/Acre

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2022
Sold by
William Pfeiffer Family Trust
Bought by
M G Investment Properties Llc
Current Estimated Value
$4,845,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,250,000
Interest Rate
5.78%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 3, 2016
Sold by
Pfeiffer William
Bought by
Pfeiffer William and William Pfeiffer Family Trust

Purchase Details

Closed on
May 11, 2016
Sold by
Kaplan Robert J
Bought by
Pfeiffer William

Purchase Details

Closed on
Jan 18, 2011
Sold by
Kaplan Robert J
Bought by
Kaplan Robert J and Robert J Kaplan Family Trust

Purchase Details

Closed on
Jun 24, 2003
Sold by
Kaplan Robert
Bought by
Kaplan Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2001
Sold by
Kaplan Robert
Bought by
Kaplan Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.25%

Purchase Details

Closed on
Sep 30, 1998
Sold by
Barnholtz Barry
Bought by
Kaplan Robert

Purchase Details

Closed on
Jan 21, 1994
Sold by
American Svgs Bank Fa
Bought by
Barnholtz Barry and Barnholtz Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
4.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
M G Investment Properties Llc $4,000,000 Equity Title
Pfeiffer William -- None Available
Pfeiffer William $3,938,000 Lawyers Title
Kaplan Robert J -- None Available
Kaplan Robert -- Gateway Title
Kaplan Robert -- Investors Title Company
Kaplan Robert -- First American Title Co
Kaplan Robert -- First American Title Co
Barnholtz Barry $730,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner M G Investment Properties Llc $5,250,000
Previous Owner Kaplan Robert $1,000,000
Previous Owner Kaplan Robert $1,500,000
Previous Owner Barnholtz Barry $584,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2022 08/01/22 Sold $4,000,000 -11.1% $2,024 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $4,500,000 -- $2,277 / 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 $48,869 $4,244,832 $4,244,832 --
2024 $48,869 $4,161,600 $4,161,600 --
2023 $47,954 $4,080,000 $4,080,000 $0
2022 $41,751 $3,514,436 $3,514,329 $107
2021 $40,845 $3,445,526 $3,445,421 $105
2019 $40,015 $3,343,331 $3,343,229 $102
2018 $47,038 $4,097,095 $3,277,676 $819,419
2016 $19,618 $1,671,572 $1,235,320 $436,252
2015 $19,354 $1,646,465 $1,216,765 $429,700
2014 $19,115 $1,614,214 $1,192,931 $421,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-121907

The MLS

APN: 4469-041-009