NOT LISTED FOR SALE

31122 Broad Beach Rd Malibu, CA 90265

Broad Beach Neighborhood

Estimated Value: $6,642,000 - $24,206,013

5 Beds
4.5 Baths
5,329 Sq Ft
$2,894/Sq Ft Est. Value

Last Sold December 04, 2013

Last sale price $12,500,000 $2,346 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $99,384/month

101 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Gated Parking
  • Malibu Elementary School Rated A
  • Spa
  • Fireplace in Primary Bedroom

About This Home

As of December 2013

Offering a privileged lifestyle on ultra-exclusive Broad Beach. This former celebrity owned estate has been extensively remodeled and designed. Home is being sold "Turn Key" and offers amazing views of the glistening ocean, white water and dramatic coastline. Upgraded with all the modern elements one would expect. Stone floors, rich wood cabinetry, walls of windows with spacious living and bedroom areas. The Master suite features a fireplace, balcony and sweeping ocean views with a spa bath. Spacious and elegant living areas are all open to expansive patios. This picture perfect home is waiting for its new owners to begin making their own memories here! This is truly Southern California living and entertaining at its finest! Views from most rooms, bringing the outdoors in for ideal beach side living. Walk directly from the TeaHouse onto the pristine sand to the ocean's edge. See agent remarks.

Last Agent to Sell the Property

Sandra Miller

Engel & Völkers License #01446377 Listed on: 07/27/2013

Engel & Völkers

Co-Listed By

Pamela Moran

Berkshire Hathaway HomeServices California License #00669728

Last Buyer's Agent

Ellen Francisco

Coldwell Banker Realty License #00709314

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $205,357

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 0.39 Acre Lot
  • Beach Front
  • Gated Home
  • Property is zoned LCR110000*

Interior Spaces

  • 5,329 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Furnished
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • 2 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Library
  • White Water Ocean Views
  • Security System Owned

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 4.5 Bathrooms
  • Spa Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Gated Parking

Outdoor Features

  • Spa
  • Balcony
  • Open Patio

Utilities

  • Zoned Heating and Cooling
  • Septic Tank
  • Phone System

Listing and Financial Details

  • Assessor Parcel Number 4470-015-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$205,357

Year Built

Built in 1948 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5329
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Furnished
  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood, Mixed, Stone
  • Bedrooms: 5
  • Fireplaces: 2
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 4.50
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Ceiling Fan, Central Vacuum, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Network Wire, Phone System, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2814.00

Exterior Features

  • Tennis Court Y/N: No
  • Patio: Balcony, Deck(s), Living Room Deck Attached
  • Pool: No
  • Spa: Bath Tub
  • Spa Yn: Yes
  • View: Ocean, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached, Garage - 2 Car, Gated, Private
  • Total Parking: 2

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central
  • Security: Gated, Owned
  • Sewer: Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4470-015-007
  • Geocode Override: No
  • Lot Location: Beach Front
  • Lot Size Area: 16891

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2014
Sold by
Bb Malibu Place Llc
Bought by
Bb Malibu Place Llc
Current Estimated Value
$15,099,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Outstanding Balance
$5,885,398
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$9,538,609

Purchase Details

Listed on
Jul 27, 2013
Closed on
Nov 7, 2013
Sold by
Decaussin David E
Bought by
Bb Malibu Properties Llc
Seller's Agent
Sandra Miller
Engel & Völkers
Buyer's Agent
Ellen Francisco
Coldwell Banker Realty
List Price
$15,000,000
Sold Price
$12,500,000
Premium/Discount to List
-$2,500,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.81%

Purchase Details

Closed on
Apr 13, 2010
Sold by
Themba Partners Ltd
Bought by
Decaussin David E and Decaussin Myrte Rosalie

Purchase Details

Closed on
Mar 16, 2004
Sold by
Feldman Sonia
Bought by
Themba Partners Ltd

Purchase Details

Closed on
Apr 5, 2001
Sold by
Redford Charles Robert and The Robert Redford 1970 Trust
Bought by
Feldman Lorne

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
6.87%
Source: Public Records

Range of Values:

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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
Bb Malibu Place Llc -- Ortc
Bb Malibu Properties Llc $12,500,125 First American Title
Decaussin David E -- Lawyers Title
Themba Partners Ltd -- --
Feldman Lorne -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bb Malibu Place Llc $8,000,000
Previous Owner Decaussin David E $8,500,000
Previous Owner Feldman Lorne $1,000,000
Previous Owner Feldman Lorne $1,000,000
Previous Owner Feldman Lorne $1,000,000
Previous Owner Feldman Lorne $400,000
Previous Owner Feldman Lorne $1,000,000
Previous Owner Redford Charles Robert $4,875,000
Previous Owner Redford Charles Robert $3,600,000
Closed Feldman Lorne $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2013 12/05/13 Price Changed $15,000,000 +20.0% $2,815 / Sq Ft
12/04/2013 12/04/13 Sold $12,500,000 -16.7% $2,346 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
07/27/2013 07/27/13 For Sale $15,000,000 -- $2,815 / 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
2025 $205,357 $15,323,287 $11,645,700 $3,677,587
2024 $205,357 $15,022,831 $11,417,353 $3,605,478
2023 $202,161 $14,728,267 $11,193,484 $3,534,783
2022 $198,944 $14,439,478 $10,974,004 $3,465,474
2021 $192,648 $14,156,352 $10,758,828 $3,397,524
2019 $188,380 $13,736,468 $10,439,716 $3,296,752
2018 $179,866 $13,467,126 $10,235,016 $3,232,110
2016 $170,255 $12,944,183 $9,837,579 $3,106,604
2015 $168,006 $12,749,750 $9,689,810 $3,059,940
2014 $158,915 $12,500,000 $9,500,000 $3,000,000
Source: Public Records

Agents Affiliated with this Home

  • Sandra Miller

    Seller's Agent in 2013

    Sandra Miller

    Engel & Volkers Santa Monica

    (213) 364-9815

    55 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2013

    Pamela Moran

    Berkshire Hathaway HomeServices California

  • Ellen Francisco

    Buyer's Agent in 2013

    Ellen Francisco

    Coldwell Banker Realty

    (310) 589-2464

    4 in this area

    31 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 13-693649

The MLS

APN: 4470-015-007

California Los Angeles County Malibu 90265 Broad Beach

31122 Broad Beach Rd, Malibu, CA

This home is located at 31122 Broad Beach Rd, Malibu, CA 90265 since 27 July 2013 and is currently estimated at $15,424,007, approximately $2,894 per square foot. This property was built in 1948. 31122 Broad Beach Rd is a home located in Los Angeles County with nearby schools including Malibu Elementary School, Malibu Middle School, and Malibu High School.

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