NOT LISTED FOR SALE

Estimated Value: $6,344,000 - $14,456,558

4 Beds
5 Baths
4,254 Sq Ft
$2,445/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $24,860,000 $5,844 Per Sq Ft

Current estimated payment $75,378/month

56 Days on Market

Highlights

  • Ocean Front
  • Detached Guest House
  • Midcentury Modern Architecture
  • Malibu Elementary School Rated A
  • 56,094 Sq Ft lot
  • Family Room with Fireplace

About This Home

As of November 2020

Situated on Malibu's exclusive Broad Beach, this ocean-front, mid-century jewel resides on over an acre of lush gardens and wild sand dunes. The rare triple lot with 126 feet of coveted beach frontage makes this property one of the largest on the sand. The home has recently been re-envisioned, adding a modern, eclectic touch to original mid-century features, and accentuating the home's illustrious Hollywood and Rock and Roll history. This outstanding architectural house contains 4 bedrooms, 4 bathrooms, a full separate guest house, a gym, open living areas, a dining room with three-fold ocean views, and a streamlined restored kitchen. Second-floor balconies offer breathtaking mountain and ocean views, while expansive patios and layered decks lead to the house's own private sandy beach on the Pacific Ocean.

Last Agent to Sell the Property

Elisabeth Halsted

Berkshire Hathaway HomeServices California Properties License #01434953 Listed on: 08/31/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Ellen Francisco

Coldwell Banker Realty License #00709314

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 1.29 Acre Lot
  • Ocean Front
  • Gated Home
  • Property is zoned LCR110000*

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 4,254 Sq Ft Home
  • Built-In Features
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Ocean Views
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Central Heating

Additional Features

  • Shed
  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-013-030

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

1.29 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 4254
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Family Room, Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins, Dishwasher, Washer, Dryer, Refrigerator
  • Price Per S Q F T: 6699.58

Exterior Features

  • Other Structures: GuestHouse, Shed(s)
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Driveway, Garage - 2 Car

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Gated

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4470-013-030
  • Lot Size Area: 56094

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Nov 10, 2020
Sold by
Magidson Mark
Bought by
Albertus Magnus Llc
Seller's Agent
Elisabeth Halsted
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ellen Francisco
Coldwell Banker Realty
List Price
$28,500,000
Sold Price
$24,860,000
Premium/Discount to List
-$3,640,000
-12.77%
Current Estimated Value
$10,400,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,459,721
Avg. Annual Appreciation
-15.27%

Purchase Details

Closed on
May 11, 2007
Sold by
Miles Kenneth A and Epstein Ira S
Bought by
Malibu Broad Beach S-1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
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
Albertus Magnus Llc $15,573,500 First American Title Company
Malibu Broad Beach S-1 Llc -- Equity Title Company
Magidson Mark -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malibu Broad Beach S-1 Llc $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2020 11/13/20 Sold $24,860,000 -12.8% $5,844 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $28,500,000 0.0% $6,700 / Sq Ft
05/27/2020 05/27/20 Rented $25,000 0.0% --
02/04/2020 02/04/20 Price Changed $25,000 -16.7% $6 / Sq Ft
07/08/2019 07/08/19 For Rent $30,000 -- --
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 $261,608 $16,857,038 $13,476,279 $3,380,759
2024 $261,608 $16,526,509 $13,212,039 $3,314,470
2023 $258,104 $16,202,461 $12,952,980 $3,249,481
2022 $253,252 $15,884,766 $12,699,000 $3,185,766
2021 $243,548 $15,573,300 $12,450,000 $3,123,300
2020 $250,697 $16,324,040 $15,925,898 $398,142
2019 $248,018 $16,003,962 $15,613,626 $390,336
2018 $237,689 $15,690,160 $15,307,477 $382,683
2016 $222,145 $15,080,894 $14,713,070 $367,824
2015 $219,243 $14,854,365 $14,492,066 $362,299
2014 $201,541 $14,563,390 $14,208,187 $355,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-624746

The MLS

APN: 4470-013-030

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