NOT LISTED FOR SALE

31048 Broad Beach Rd Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $6,632,000 - $33,881,850

4 Beds
4 Baths
4,282 Sq Ft
$4,731/Sq Ft Est. Value

Last Sold May 07, 2018

Last sale price $7,975,000 $1,862 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $141,847/month

156 Days on Market

Highlights

  • Ocean Front
  • Wine Cellar
  • Modern Architecture
  • Malibu Elementary School Rated A
  • Wood Flooring
  • Great Room

About This Home

As of May 2018

Beachfront home with 40 feet of frontage and panoramic coastline and whitewater views on Malibu's exclusive, star-studded Broad Beach Road. Enter through a charming courtyard to find a cozy two-story four bedroom, four bath post and beam house. The main level features a large chef's kitchen with skylights above that send natural light throughout the main floor. An expansive entertainment area opens to a huge private oceanfront patio, perfect for entertaining and outdoor dining with an easy access window from the wet bar inside. Rare opportunity to acquire a property at this price on this prime section of Broad Beach.

Last Agent to Sell the Property

Leonard Rabinowitz

Christie's International Real Estate SoCal License #01496421 Listed on: 10/02/2017

Christie's International Real Estate SoCal

Co-Listed By

Chris Cortazzo

Compass License #01190363

Last Buyer's Agent

Desti & Michelle Group

License #01395438

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 0.3 Acre Lot
  • Ocean Front
  • Property is zoned LCR110000*

Parking

  • 2 Car Garage

Home Design

  • Modern Architecture

Interior Spaces

  • 4,282 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Entryway
  • Wine Cellar
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Ocean Views
  • Alarm System

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Phone System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-014-019

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0.3 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Street Number Display: Yes
  • Living Area: 4282
  • Stories: 2
  • Year Built: 1976
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Wood
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Phone System, Refrigerator, Vented Exhaust Fan, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2078.47

Exterior Features

  • Tennis Court Y/N: No
  • Patio: Patio Open
  • Pool: No
  • Spa Yn: No
  • View: Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4470-014-019
  • Geocode Override: No
  • Lot Size Area: 13011

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2023
Sold by
Msn Property Trust
Bought by
Miriam Schaeffer Family Trust and Schaeffer
Current Estimated Value
$20,256,925

Purchase Details

Listed on
Oct 2, 2017
Closed on
Apr 12, 2018
Sold by
Lawrence Steve and The Steve Lawrence Qualified P
Bought by
Avedon Dean A and The Msn Property Trust
Seller's Agent
Leonard Rabinowitz
Christie's International Real Estate SoCal
Buyer's Agent
Desti & Michelle Group
List Price
$8,900,000
Sold Price
$7,975,000
Premium/Discount to List
-$925,000
-10.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$3,887,500
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 24, 2012
Sold by
Lawrence Eydie Gorme
Bought by
Lawrence Eydie Gorme and The Eydie Gorme Lawrence Quali
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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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
Miriam Schaeffer Family Trust $35,000,000 Equity Title Company
Avedon Dean A $7,775,000 Fidelity National Title Comp
Lawrence Eydie Gorme -- None Available
Lawrence Steve -- None Available
Lawrence Eydie Gorme -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avedon Dean A $3,887,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2018 05/07/18 Sold $7,975,000 -10.4% $1,862 / Sq Ft
10/02/2017 10/02/17 For Sale $8,900,000 -- $2,078 / 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 $437,377 $35,893,800 $30,384,882 $5,508,918
2024 $437,377 $35,190,000 $29,789,100 $5,400,900
2023 $132,353 $8,503,095 $6,802,477 $1,700,618
2022 $129,928 $8,336,369 $6,669,096 $1,667,273
2021 $125,081 $8,172,912 $6,538,330 $1,634,582
2019 $122,085 $7,930,500 $6,344,400 $1,586,100
2018 $47,061 $1,578,692 $780,680 $798,012
2016 $41,957 $1,517,391 $750,366 $767,025
2015 $41,432 $1,494,599 $739,095 $755,504
2014 $34,005 $1,465,323 $724,618 $740,705
Source: Public Records

Agents Affiliated with this Home

  • Leonard Rabinowitz

    Seller's Agent in 2018

    Leonard Rabinowitz

    Christie's International Real Estate SoCal

    (310) 552-8200

    11 Total Sales

    Leonard Rabinowitz
    Section Image
  • Chris Cortazzo

    Seller Co-Listing Agent in 2018

    Chris Cortazzo

    Compass

    (310) 489-7091

    21 in this area

    204 Total Sales

    Chris Cortazzo
    Section Image
  • Desti Centineo

    Buyer Co-Listing Agent in 2018

    Desti Centineo

    (805) 509-5404

    152 Total Sales

    Desti Centineo
    Section Image
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Map

Source: The MLS

MLS Number: 17-275912

The MLS

APN: 4470-014-019

California Los Angeles County Malibu 90265 Encinal Bluffs

31048 Broad Beach Rd, Malibu, CA

Not Listed for Sale

Detached

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