NOT LISTED FOR SALE

31250 Broad Beach Rd Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $4,846,000 - $29,002,671

6 Beds
10 Baths
11,413 Sq Ft
$1,483/Sq Ft Est. Value

Last Sold March 13, 2017

Last sale price $24,150,950 $2,116 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $124,084/month

210 Days on Market

Highlights

  • White Water Ocean Views
  • Attached Guest House
  • Wine Cellar
  • Malibu Elementary School Rated A
  • Tennis Courts
  • Indoor Spa

About This Home

As of March 2017

Court ordered partition sale subject to overbid in Los Angeles Superior Court 02/07/17 at 8:30am, 111 N. Hill Street Dept. 11, Los Angeles, CA 90012, contact Listing Agent for bidding instructions. An architectural connoisseur's dream designed by Frank Gehry. World class beachfront trophy property encompassing multiple parcels with an unprecedented 160 ft of beachfront in the most prime section of Broad Beach. Featuring over 11,000 sf, iconic design with sunlit courtyard entry, soaring ceilings, great walls for art, old walls of glass overlook magnificent garden, tennis court, lap pool and deep sandy beach. An incredible once in a lifetime opportunity that can never be replicated.

Last Agent to Sell the Property

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 07/05/2016

Westside Estate Agency Inc.

Last Buyer's Agent

John Steindorff

License #01884934

Home Details

Home Type

  • Single Family

Lot Details

  • 1.46 Acre Lot
  • Property is zoned LCR110000*

Property Views

  • White Water Ocean
  • Mountain

Home Design

  • Modern Architecture

Interior Spaces

  • 11,413 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Built-In Features
  • Bar
  • Wine Cellar
  • Family Room with Fireplace
  • 5 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Loft
  • Bonus Room
  • Indoor Spa
  • Sauna
  • Home Gym
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • Spa Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 12 Car Direct Access Garage
  • Uncovered Parking

Outdoor Features

  • Heated In Ground Pool
  • Tennis Courts
  • Covered Patio or Porch

Additional Homes

  • Attached Guest House
  • Fireplace in Guest House

Utilities

  • Zoned Heating and Cooling
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-015-032

Home Details

Home Type

Single Family

Lot Details

1.46 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Street Number Display: Yes
  • Living Area: 11413
  • Planned Urban Dev: 0
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Guest House, Living Room, Master Bedroom, Patio
  • Flooring: Hardwood, Stone
  • Bedrooms: 6
  • Fireplaces: 5
  • Full Bathroom: 8
  • Half Bathroom: 2
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 10.00
  • Equipment: Alarm System, Built-Ins, Central Vacuum, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2628.14

Exterior Features

  • Tennis Court: North/South, Private
  • Tennis Court Y/N: Yes
  • Guest House: Attached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Bath Tub, Hot Tub, Indoor
  • Spa Yn: Yes
  • View: Mountains, Ocean, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Attached, Direct Entrance, Garage, Private Garage, Uncovered
  • Total Parking: 12

Utilities

  • Cooling: Multi/Zone
  • Heating: Central
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Horses: No
  • Assessor Parcel Number: 4470-015-032
  • Geocode Override: No
  • Lot Size Area: 63621

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2016
Closed on
Feb 17, 2017
Sold by
Pasternak David J
Bought by
31250 Broad Beach Llc
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
John Steindorff
List Price
$29,995,000
Sold Price
$24,150,950
Premium/Discount to List
-$5,844,050
-19.48%
Current Estimated Value
$16,924,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,226,614
Avg. Annual Appreciation
-3.90%

Purchase Details

Closed on
Apr 25, 2011
Sold by
Borman Burton
Bought by
Borman Casey Joe and Casey Joe Borman Irrevocable Trust

Purchase Details

Closed on
Dec 9, 2009
Sold by
Borman Burton
Bought by
Borman Burton and Burton Borman Living Trust

Purchase Details

Closed on
Dec 1, 2009
Sold by
Borman Navabeh P
Bought by
Borman Burton

Purchase Details

Closed on
May 24, 2002
Sold by
Borman Burton
Bought by
Borman Burton and Burton Borman Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.89%

Purchase Details

Closed on
Jan 12, 1999
Sold by
Borman Navabeh Pezeshkan
Bought by
Borman Burton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.12%

Purchase Details

Closed on
Jan 7, 1999
Sold by
Borman Betty
Bought by
Borman Burton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.12%
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
31250 Broad Beach Llc $24,151,000 Commonwealth Land Title Co
Borman Casey Joe $2,000,000 None Available
Borman Dean Burton -- None Available
Borman Burton -- None Available
Borman Burton -- None Available
Borman Burton -- Fidelity National Title Co
Borman Burton -- North American Title Co
Borman Burton -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borman Burton $1,100,000
Previous Owner Borman Burton $1,500,000
Closed Borman Burton $1,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2017 03/13/17 Sold $24,150,950 -19.5% $2,116 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
12/29/2016 12/29/16 For Sale $29,995,000 +24.2% $2,628 / Sq Ft
12/28/2016 12/28/16 Off Market $24,150,950 -- --
09/16/2016 09/16/16 Price Changed $29,995,000 -11.5% $2,628 / Sq Ft
07/05/2016 07/05/16 For Sale $33,900,000 -- $2,970 / 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 $445,900 $28,086,177 $24,372,304 $3,713,873
2024 $445,900 $27,535,468 $23,894,416 $3,641,052
2023 $440,137 $26,995,558 $23,425,899 $3,569,659
2022 $431,601 $26,466,234 $22,966,568 $3,499,666
2021 $414,703 $25,947,290 $22,516,244 $3,431,046
2019 $404,510 $25,177,680 $21,848,400 $3,329,280
2018 $387,911 $24,684,000 $21,420,000 $3,264,000
2016 $142,489 $3,985,110 $636,723 $3,348,387
2015 $140,731 $3,925,251 $627,159 $3,298,092
2014 $111,362 $3,848,361 $614,874 $3,233,487
Source: Public Records

Agents Affiliated with this Home

  • Kurt Rappaport

    Seller's Agent in 2017

    Kurt Rappaport

    Westside Estate Agency Inc.

    (310) 247-7770

    100 Total Sales

    Kurt Rappaport
    Section Image

  • J

    Buyer's Agent in 2017

    John Steindorff

See All Agents

Map

Source: The MLS

MLS Number: 16-140548

The MLS

APN: 4470-015-032

California Los Angeles County Malibu 90265 Encinal Bluffs

31250 Broad Beach Rd, Malibu, CA

Not Listed for Sale

Detached

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