NOT LISTED FOR SALE

Estimated Value: $6,086,000 - $14,353,790

4 Beds
5 Baths
2,453 Sq Ft
$4,166/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $14,500,000 $5,911 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $72,516/month

230 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Detached Guest House
  • Malibu Elementary School Rated A
  • Property has ocean access
  • 24-Hour Security

About This Home

As of July 2023

This stunning property has pleasant surprises throughout. A pedestrian gate leads immediately to a 2-car detached garage. Up a set of stairs is the first surprise--a living unit with a gym! The gym is equipped with a powder room, mat floors, and sliding glass doors to expand the workout area onto the deck overlooking the ocean. This is ideal for a personal trainer or professional athlete wanting a designated space. Descending to the lower balcony, you have the main unit. A private guest suite features a wood-beamed ceiling, French doors, and a balcony overlooking the ocean. The guest suite is complete with an ensuite bath, including a shower, sink, built-in cabinetry, a mini fridge, and generous closet space. Outside the guest suite, the courtyard displays a beautiful fountain before descending the final level to the main home. Upon entering the main foyer, you are greeted by ocean views before a tube elevator escorts you to the living area. The focal point of the living room is a large fireplace surrounded by plenty of built-in shelving. Plus, it has a 2-story beachfront deck with outdoor seating, a dining area with a fire pit, and a private beach. Ideal for indoor-outdoor entertaining! The kitchen features black stone countertops, accentuating the wood-beam ceiling and tile floors with modern elegance. Equipped with commercial-grade appliances, floating shelves, island seating, and an adjoining dining area, it's perfect for indulging in culinary delights. A stunning master suite showcases high ceilings, a skylight, fireplace, floating shelves, and a large walk-in closet with a laundry facility inside, plus glass French doors leading onto a private deck with a living area, wet bar, outdoor fireplace, and sweeping views of the coastline. If you're looking for a unique, luxurious property that allows you to live, work, and play, this is it! Available for lease $85,000 per month.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 10/14/2022

Compass

Co-Listed By

Ron de Salvo

Compass License #00576209

Last Buyer's Agent

Wilian Badauy-Menezes

Diamond Real Estate One License #01915910

Home Details

Home Type

  • Single Family

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 40x314
  • Beach Front
  • Fenced
  • Landscaped
  • Back and Front Yard
  • Property is zoned LCR110000*

Parking

  • 2 Car Garage
  • Automatic Gate
  • Guest Parking
  • On-Street Parking

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Mountain
  • Courtyard

Home Design

  • Turnkey

Interior Spaces

  • 2-Story Property
  • Elevator
  • Built-In Features
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • French Doors
  • Sliding Doors
  • Living Room with Fireplace
  • 3 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Utility Room
  • Home Gym
  • Alarm System

Kitchen

  • Breakfast Bar
  • Double Oven
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • 5 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Heated Spa
  • Property has ocean access
  • Oceanside
  • Balcony
  • Stone Porch or Patio
  • Fire Pit

Additional Homes

  • Detached Guest House

Location

  • Property is near public transit
  • City Lot

Utilities

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

Community Details

  • No Home Owners Association
  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 4470-015-021

Home Details

Home Type

Single Family

Lot Details

0

Parking

2

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: Foyer
  • Lot Acreage: 0.3693
  • Lot Dimensions: 40x314
  • Planned Urban Dev: 0
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: High Ceilings (9 Feet+), Built-Ins, Detached/No Common Walls, Turnkey, Recessed Lighting, Elevator, Living Room Deck Attached
  • Fireplace Rooms: Living Room, Master Bedroom, Fire Pit
  • Flooring: Wood, Tile
  • Appliances: Built-Ins, Double Oven, Range Hood
  • Bedrooms: 4
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Shower Stall, Shower and Tub, Powder Room
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area, In Kitchen, Kitchen Island, Living Room
  • Kitchen Features: Island, Stone Counters
  • Laundry: Garage, Inside
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins, Freezer, Garbage Disposal, Microwave, Hood Fan, Dishwasher, Elevator, Alarm System, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Windows: Skylights

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), French Doors, Sliding Glass Doors
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Patio: Rock/Stone, Patio Open, Living Room Deck Attached, Balcony
  • Pool: No
  • Spa: Private, Heated
  • Spa Yn: Yes
  • View: Coastline, City Lights, White Water, Ocean, Mountains, Panoramic, Courtyard
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Uncovered, On street, Parking for Guests - Onsite
  • Total Parking: 4

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Zoned
  • Security: 24 Hour, Automatic Gate, Prewired for alarm system
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4470-015-021
  • Lot Description: Back Yard, Fenced, Front Yard, Landscaped, Street Paved
  • Lot Location: Beach Access, Beach Front, City, Near Public Transit, Ocean Access, Ocean Front, Ocean Side Of Highway 1, Water Front
  • Lot Size Area: 16086

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Jun 15, 2023
Sold by
Douglas Family Trust
Bought by
31240 Broad Beach Rd Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Wilian Badauy-Menezes
Diamond Real Estate One
List Price
$17,000,000
Sold Price
$14,500,000
Premium/Discount to List
-$2,500,000
-14.71%
Views
1055
Current Estimated Value
$10,704,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,795,253
Avg. Annual Appreciation
-13.11%

Purchase Details

Closed on
Jun 26, 2007
Sold by
Douglas James E and Douglas Jean A
Bought by
Douglas James E

Purchase Details

Closed on
Oct 8, 2004
Sold by
Max Llc
Bought by
Douglas James E

Purchase Details

Closed on
Jul 22, 2003
Sold by
Feldman Robert L and Feldman Robert
Bought by
Gas Llc and Max Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6.06%
Mortgage Type
Construction
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
31240 Broad Beach Rd Llc -- Consumers Title Company
Douglas James E -- None Available
Douglas James E -- --
Gas Llc -- Fidelity
Gas Llc -- Fidelity
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gas Llc $5,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2023 07/13/23 Sold $14,500,000 -3.3% $5,911 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/19/2023 05/19/23 Price Changed $14,995,000 -6.3% $6,113 / Sq Ft
02/17/2023 02/17/23 Price Changed $16,000,000 -5.9% $6,523 / Sq Ft
10/14/2022 10/14/22 For Sale $17,000,000 -- $6,930 / 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 $199,146 $14,790,000 $11,832,000 $2,958,000
2024 $199,146 $14,500,000 $11,600,000 $2,900,000
2023 $175,953 $12,460,054 $11,790,166 $669,888
2022 $128,689 $8,372,000 $7,771,000 $601,000
2021 $125,719 $8,360,000 $7,760,000 $600,000
2020 $125,080 $8,360,000 $7,760,000 $600,000
2019 $123,750 $8,200,000 $7,759,100 $440,900
2018 $125,601 $8,672,500 $8,206,200 $466,300
2016 $148,762 $10,950,728 $10,361,983 $588,745
2015 $146,802 $10,786,239 $10,206,337 $579,902
2014 $137,705 $10,574,952 $10,006,409 $568,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-208971

The MLS

APN: 4470-015-021