NOT LISTED FOR SALE

31038 Broad Beach Rd Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $7,092,000 - $18,447,300

5 Beds
5 Baths
7,442 Sq Ft
$1,716/Sq Ft Est. Value

Last Sold October 16, 2018

Last sale price $13,656,000 $1,835 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $82,764/month

348 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Heated Spa
  • Malibu Elementary School Rated A
  • Property has ocean access
  • Oceanside

About This Home

As of October 2018

This premier oceanfront villa offers the ultimate Malibu beach lifestyle. A superb blend of modern elegance & impeccable craftsmanship with imported Portugal limestone & Albertini teak/bronze pocketing doors boasts stunning architectural features from the moment you pass through the water fountain courtyard & enter the main level to the Caeser-stone, solid steel floating staircase. Gorgeous ocean views gravitate you past the formal dining room & into a great room w/ a soaring ceiling, gourmet island kitchen & spacious living room w/ FP. Vanishing pocket doors seamlessly marry the indoor/outdoor entertaining space with spa, fire pit & grassy yard that flow into the coveted Broad Beach sands. The 2nd level features wood floors, office, fitness area, & Master's suite with ocean views, FP, private deck & luxurious Picasso-style bathtub & triple-headed shower. A separate ensuite guest room, 3 addl ensuite bedrooms, smart home Crestron system & 3-car garage complete this ocean retreat home.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 09/06/2017

Compass

Co-Listed By

Linda May

Carolwood Estates License #00475038

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 09/06/2017

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2010

Lot Details

  • 0.29 Acre Lot
  • Beach Front
  • Gated Home
  • Block Wall Fence
  • Back Yard
  • Property is zoned LCR110000*

Property Views

  • White Water Ocean
  • Coastline

Home Design

  • Turnkey
  • Spanish Tile Roof
  • Stucco
  • Stone

Interior Spaces

  • 7,442 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • Double Door Entry
  • Sliding Doors
  • Great Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Living Room with Attached Deck
  • Formal Dining Room
  • Den
  • Home Gym
  • Center Hall

Kitchen

  • Gourmet Kitchen
  • Kitchenette
  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Convection Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Stone
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Mirrored Closets Doors
  • Powder Room
  • Maid or Guest Quarters
  • 5 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Security System Owned
  • Intercom
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Side by Side Parking
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • On-Street Parking

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Oceanside
  • Balcony
  • Wood Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Property is located within a water district
  • Tankless Water Heater
  • Septic Tank
  • Phone System
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-014-017

Home Details

Home Type

Single Family

Year Built

Built in 2010

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level - no steps
  • Living Area: 7442
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 2010
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, High Ceilings (9 Feet+), Home Automation System, Living Room Deck Attached, Mirrored Closet Door(s), Open Floor Plan, Phone System, Pre-wired for high speed Data, Recessed Lighting, Track Lighting, Turnkey
  • Fireplace Rooms: Gas, Living Room, Master Bedroom
  • Flooring: Stone Tile, Travertine, Wood
  • Appliances: Built-Ins, Convection Oven, Cooktop - Gas, Microwave, Oven-Electric, Range, Range Hood, Self Cleaning Oven
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Bedroom Features: Dressing Area, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room, Shower Over Tub, Shower Stall, Tile, Travertine
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Dining Area, Formal Dining Rm, In Kitchen, Kitchen Island, Living Room
  • Kitchen Features: Gourmet Kitchen, Island, Kitchenette, Pantry, Stone Counters
  • Laundry: In Closet, On Upper Level, Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Intercom, Network Wire, Phone System, Refrigerator, Satellite
  • Fireplace: Yes
  • Price Per S Q F T: 2082.10

Exterior Features

  • Construction: Stone, Stucco
  • Other Features: Double Door Entry, High Ceilings (9 Feet+), Sliding Glass Doors
  • Tennis Court Y/N: No
  • Fence: Block
  • Patio: Balcony, Deck(s), Living Room Deck Attached, Wood
  • Pool: No
  • Roof: Spanish Tile
  • Spa: Heated, Hot Tub, In Ground, Private
  • Spa Yn: Yes
  • View: Coastline, Ocean, White Water
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Built-In Storage, Direct Entrance, Door Opener, Driveway - Combination, Garage - 3 Car, On street, Parking for Guests, Private, Side By Side
  • Total Parking: 5

Utilities

  • TV Svcs: TV Satellite Dish - Leased
  • Water Heater: Tankless
  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Forced Air
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinklers, Gated, Owned, Prewired for alarm system, T.V.
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4470-014-017
  • Geocode Override: No
  • Lot Description: Back Yard, Street Paved
  • Lot Location: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1
  • Lot Size Area: 12816

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2017
Closed on
Sep 24, 2018
Sold by
Bb Rentals Llc
Bought by
Zuma Beach Holdings Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$17,995,000
Sold Price
$13,656,000
Premium/Discount to List
-$4,339,000
-24.11%
Current Estimated Value
$12,769,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$886,350
Avg. Annual Appreciation
-0.91%
Original Mortgage
$8,876,400
Outstanding Balance
$7,502,273
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,267,377

Purchase Details

Closed on
Nov 6, 2012
Sold by
Mendoza Kathy S and Mendoza Thomas F
Bought by
Bb Rentals Llc

Purchase Details

Closed on
Oct 20, 2004
Sold by
Weinberger Edwin B and Weinberger Carlene Watkins
Bought by
Mendoza Thomas F and Mendoza Kathy S

Purchase Details

Closed on
Feb 3, 2000
Sold by
Weinberger Edwin B and Weinberger Carlene
Bought by
Weinberger Edwin B and Weinberger Carlene Watkins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
8.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zuma Beach Holdings Llc $13,656,000 None Available
Bb Rentals Llc $12,250,122 Stewart Title
Mendoza Thomas F -- --
Weinberger Edwin B -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zuma Beach Holdings Llc $8,876,400
Previous Owner Weinberger Edwin B $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2018 10/16/18 Sold $13,656,000 -11.9% $1,835 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
04/24/2018 04/24/18 Price Changed $15,495,000 -6.1% $2,082 / Sq Ft
01/09/2018 01/09/18 Price Changed $16,500,000 -8.3% $2,217 / Sq Ft
09/06/2017 09/06/17 For Sale $17,995,000 0.0% $2,418 / Sq Ft
11/16/2016 11/16/16 Rented $65,000 -13.3% --
09/19/2016 09/19/16 For Rent $75,000 0.0% --
02/23/2015 02/23/15 Rented $75,000 -40.0% --
02/23/2015 02/23/15 Under Contract -- -- --
04/17/2014 04/17/14 For Rent $125,000 0.0% --
01/23/2013 01/23/13 Sold $12,250,000 0.0% $1,944 / Sq Ft View Prior Sale
01/15/2013 01/15/13 Off Market $12,250,000 -- --
06/25/2012 06/25/12 For Sale $14,700,000 -- $2,333 / 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 $206,140 $15,233,636 $8,052,819 $7,180,817
2024 $206,140 $14,934,938 $7,894,921 $7,040,017
2023 $202,962 $14,642,097 $7,740,119 $6,901,978
2022 $199,744 $14,354,998 $7,588,352 $6,766,646
2021 $193,269 $14,073,528 $7,439,561 $6,633,967
2019 $188,960 $13,656,100 $7,218,900 $6,437,200
2018 $179,052 $13,257,701 $10,010,918 $3,246,783
2016 $169,270 $12,742,890 $9,622,183 $3,120,707
2015 $167,038 $12,551,481 $9,477,649 $3,073,832
2014 $157,625 $12,305,615 $9,291,995 $3,013,620
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2018

    Chris Cortazzo

    Compass

    (310) 489-7091

    21 in this area

    203 Total Sales

    Chris Cortazzo
    Section Image
  • Linda May

    Seller Co-Listing Agent in 2018

    Linda May

    Carolwood Estates

    (310) 777-6247

    1 in this area

    48 Total Sales

    Linda May
    Section Image
  • Marcus Beck

    Seller's Agent in 2016

    Marcus Beck

    Sotheby's International Realty

    (310) 456-9405

    29 Total Sales

    Marcus Beck
    Section Image
  • Tony Mark

    Seller Co-Listing Agent in 2016

    Tony Mark

    Compass

    (310) 457-6275

    7 in this area

    62 Total Sales

    Tony Mark
    Section Image
  • Paul Woodman

    Buyer's Agent in 2016

    Paul Woodman

    Coldwell Banker Realty

    (310) 924-1452

    2 in this area

    18 Total Sales

    Paul Woodman
    Section Image
  • Elizabeth Seaman

    Buyer Co-Listing Agent in 2016

    Elizabeth Seaman

    Coldwell Banker Realty

    (310) 701-1230

    2 in this area

    19 Total Sales

    Elizabeth Seaman
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-267670

The MLS

APN: 4470-014-017

California Los Angeles County Malibu 90265 Encinal Bluffs

31038 Broad Beach Rd, Malibu, CA

Not Listed for Sale

Detached

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