NOT LISTED FOR SALE

31272 Broad Beach Rd Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $20,712,372

6 Beds
9 Baths
13,475 Sq Ft
$1,537/Sq Ft Est. Value

Sale Details

Date Sold: August 27, 2021

Last sale price $30,000,000 $2,226 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $158,060 / mo

445 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Greenhouse
  • Malibu Elementary School Rated A
  • Property has ocean access
  • 1-minute walk to Trancas Canyon Park

About This Home

As of August 2021

Envision yourself waking up everyday to the sound of crashing waves. Nestled in the most ideal location of Malibu's famed Broad Beach, this architectural tour-de-force offers features and amenities that most can only dream of. With over 120' of Pacific Ocean frontage on an acre of completely utilized land, you can live everyday as if you were on an extended vacation. As you enter the courtyard, you find yourself moved by lush and meticulously maintained gardens that span the color spectrum with fresh natural herbs, fruits and blossoms. This beachfront mansion generously offers functional living and entertaining space for a large household. Roam freely while enjoying the generous square footage within the largest property on Broad Beach. There is nothing ordinary about this palatial oceanfront estate. The magnitude of the home is accentuated by soaring ceilings, artistic Venetian plaster and hand crafted ornamental wall decor. The resort-like backyard enjoys the Pacific Ocean as its backdrop and offers lush, perfectly manicured landscape, sparkling pool and direct access to your own slice of Broad Beach.

Last Agent to Sell the Property

Alessandro Corona

Compass License #01971190 Listed on: 05/11/2020

Compass

Co-Listed By

Jeffrey Smith

Douglas Elliman of California, Inc. License #02024131

Last Buyer's Agent

Bob Rubenstein

Pinnacle Estate Properties License #00782026

Pinnacle Estate Properties

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 1.09 Acre Lot
  • Beach Front
  • Drip System Landscaping
  • Sprinkler System
  • Land Lease
  • Property is zoned LUCR110000*

HOA Fees

  • $580 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Mediterranean Architecture
  • Clay Roof
  • Plaster

Interior Spaces

  • 13,475 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Bar
  • Crown Molding
  • Coffered Ceiling
  • Cathedral Ceiling
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Den with Fireplace
  • Library
  • Atrium Room
  • Ocean Views
  • Intercom

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Double Convection Oven
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • All Upper Level Bedrooms
  • Double Master Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters
  • 9 Full Bathrooms
  • Fireplace in Bathroom

Pool

  • Pebble Pool Finish
  • In Ground Pool
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Greenhouse

Utilities

  • Zoned Heating and Cooling
  • Water Purifier

Community Details

  • Laundry Facilities
  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 4470016032

Home Details

Home Type

Single Family

Year Built

Built in 2004 | Remodeled

Lot Details

1.09 Acres

HOA Fees

$580 per month

Parking

4

Listing Details

  • Assessments: No
  • Inclusions: Fixtures, furniture is negotiable.
  • Property Attached: No
  • Security: 24 Hour Security
  • View: Yes
  • Zoning: LUCR110000*
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4470016032
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 13475.00
  • Interior Amenities: Bar, Wet Bar, Open Floorplan, Intercom, High Ceilings, Crown Molding, Coffered Ceiling(s), Cathedral Ceiling(s), Pantry
  • Stories: 3
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 9
  • Total Bedrooms: 6
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Gas, Bath, Primary Bedroom, Primary Retreat, Den, Living Room, Family Room
  • Levels: Three Or More
  • Price Per Square Foot: 2226.35
  • Room Type: All Bedrooms Up, Atrium, Two Primaries, Primary Bedroom, Living Room, Library, Home Theatre, Guest/Maid's Quarters, Family Room
  • Spa Features: In Ground, Private
  • Bathroom Features: Remodeled
  • Room Kitchen Features: Remodeled Kitchen, Kitchen Island, Granite Counters

Exterior Features

  • Patio: Yes
  • Other Structures: Greenhouse
  • View: Ocean
  • Pool Features: Fenced, Private, In Ground, Pebble
  • Pool Private: Yes
  • Roof: Clay
  • Spa: Yes
  • Construction Materials: Plaster

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Appliances: Water Purifier, Refrigerator, Disposal, Freezer, Dishwasher, Range Hood, Microwave, Convection Oven, Double Oven
  • Electric: 220V Other - See Remarks
  • Heating Type: Central
  • Cooling: Zoned, Dual, Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 580.00
  • Association Fee Frequency: Monthly
  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Land Lease Purchase: No
  • Lot Features: Sprinklers Drip System
  • Lot Size Sq Ft: 47374.00
  • Lot Size Acres: 1.0876

Multi Family

  • Lease Considered: No
  • Lot Size Area: 47374.0000 Square Feet
  • Waterfront Features: Beach Access, Ocean Access, Ocean Front, Beach Front

Matterport 3D Tour

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Aug 19, 2021
Sold by
Spears Family Trust
Bought by
Seller's Agent
Alessandro Corona
Compass
Buyer's Agent
Bob Rubenstein
Pinnacle Estate Properties
List Price
$42,000,000
Sold Price
$30,000,000
Premium/Discount to List
-$12,000,000
-28.57%
Current Estimated Value
$20,712,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,287,628
Avg. Annual Appreciation
-7.05%
Original Mortgage
$5,000,000
Interest Rate
2.8%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Encinal Bluffs, CA

  • Tony Kofsky Real Estate Agent - Sotheby's International Realty

    Tony Kofsky

    Sotheby's International Realty

    (424) 320-8859

    4 Total Sales

    1 in Encinal Bluffs

    $7,475,000 Price

    Tony Kofsky
     Section Image
  • Poupee Komenkul Real Estate Agent - Rodeo Realty

    Poupee Komenkul

    Rodeo Realty

    (747) 998-0899

    146 Total Sales

    1 in Encinal Bluffs

    $10,025,000 Price

    Poupee Komenkul
     Section Image
  • Paul Grisanti Real Estate Agent - Pinnacle Estate Properties

    Paul Grisanti

    Pinnacle Estate Properties

    (424) 344-4361

    10 Total Sales

    1 in Encinal Bluffs

    $7,700,000 Price

    Paul Grisanti
     Section Image
  • Mike Gardner Real Estate Agent - Compass

    Mike Gardner

    Responds Quickly

    Compass

    (424) 842-3943

    16 Total Sales

    1 in Encinal Bluffs

    $5,899,000 Price

    Mike Gardner
     Section Image
  • Cooper Mount Real Estate Agent - Carolwood Estates

    Cooper Mount

    Responds Quickly

    Carolwood Estates

    (424) 405-4938

    53 Total Sales

    2 in Encinal Bluffs

    $13.7M - $23.9M Price Range

    Cooper Mount
     Section Image

  • NH

    Nikki Hutcheson

    Responds Quickly

    Compass

    (424) 375-6898

    8 Total Sales

    1 in Encinal Bluffs

    $1,488,000 Price

    Nikki Hutcheson
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$30,000,000 Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,000,000
Closed 53 Bp Llc $5,000,000
Previous Owner Spears Bill $2,380,000
Previous Owner Forrest Peter Alexander $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $30,000,000 -23.1% $2,226 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
03/27/2021 03/27/21 Price Changed $39,000,000 -7.1% $2,894 / Sq Ft
05/11/2020 05/11/20 For Sale $42,000,000 -- $3,117 / Sq Ft
Source: Ventura County Regional Data Share

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $486,564 $32,472,963 $25,978,371 $6,494,592
2025 $486,564 $31,836,240 $25,468,992 $6,367,248
2024 $455,702 $31,212,000 $24,969,600 $6,242,400
2023 $449,236 $30,600,000 $24,480,000 $6,120,000
2022 $441,430 $30,000,000 $24,000,000 $6,000,000
2021 $249,572 $14,124,581 $8,609,112 $5,515,469
2020 $245,432 $13,979,752 $8,520,837 $5,458,915
2019 $243,120 $13,705,640 $8,353,762 $5,351,878
2018 $233,536 $13,436,903 $8,189,963 $5,246,940
2016 $219,150 $12,915,134 $7,871,938 $5,043,196
2015 $216,330 $12,721,138 $7,753,695 $4,967,443
2014 $192,550 $12,471,949 $7,601,811 $4,870,138
Source: Public Records

Agents Affiliated with this Home

  • AC

    Seller's Agent in 2021

    Alessandro Corona

    Compass

    (805) 630-2293

    21 Total Sales

    Alessandro Corona
    Section Image

  • JS

    Seller Co-Listing Agent in 2021

    Jeffrey Smith

    Douglas Elliman of California, Inc.

  • BR

    Buyer's Agent in 2021

    Bob Rubenstein

    Pinnacle Estate Properties

    (310) 266-8594

    5 Total Sales

    Bob Rubenstein
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: 220004701

Ventura County Regional Data Share

APN: 4470-016-032

California Los Angeles County Malibu 90265 Encinal Bluffs

31272 Broad Beach Rd, Malibu, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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