NOT LISTED FOR SALE

3140 Sumac Ridge Rd Malibu, CA 90265

La Costa Beach Neighborhood

Estimated Value: $4,185,000 - $7,099,000

4 Beds
4 Baths
4,243 Sq Ft
$1,342/Sq Ft Est. Value

Last Sold July 18, 2012

Last sale price $3,385,000 $798 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $34,347/month

201 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Sauna
  • Webster Elementary School Rated A
  • In Ground Pool
  • 78,778 Sq Ft lot

About This Home

As of July 2012

Experience the private life of luxury and serenity with absolutely stunning panoramic views of the Pacific and the Queen's Necklace from almost everywhere you look. Only a few minutes from PCH using the new private Rambla Pacfico Road, this gated, single storyVilla, in over approx. 4200 sqft sits on almost approx. 2 landscaped acres in prime, close-in Malibu. A fabulous gourmet kitchen and romantic Master Suite plus an additional 3 bedrooms with a dedicated, climate controlled wine bar and storage, plus an attached, direct access 2 car garage. Enjoy the private orchard and gracious gardens which make you feel like you are a guest on your own personal resort. The outdoor Living Area with sauna, large pool and spa get superb sun through the day and are perfect for large scale entertaining. Not to forget, the prestigious access to the La Costa Beach Club. This Malibu Estate is move-in ready. Horse stables possibly available for rent next door. A truly exceptional property and value.

Last Agent to Sell the Property

John Glosser

Sotheby's International Realty License #01894126 Listed on: 11/10/2011

Co-Listed By

John Snyder

Compass License #01785277

Last Buyer's Agent

Tania Ferris

Coldwell Banker Realty License #00664167

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,121

Year Built

  • Built in 1996

Lot Details

  • 1.81 Acre Lot
  • Gated Home
  • Property is zoned LCR11*

Parking

  • Attached Garage

Property Views

  • Ocean
  • City Lights
  • Canyon
  • Pool

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 4,243 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Sauna
  • Alarm System
  • Laundry in Garage

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Bathrooms

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Outdoor Grill

Utilities

  • Radiant Heating System
  • Septic Tank

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4451-016-033

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,121

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Street Number Display: Yes
  • Living Area: 4243
  • Year Built: 1996
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Exterior, Family Room, Gas, Living Room, Master Bedroom
  • Flooring: Carpet, Tile
  • Bedrooms: 4
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Garage
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Ceiling Fan, Dishwasher, Garbage Disposal, Hood Fan
  • Price Per S Q F T: 823.71

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Private
  • Pool: Yes
  • Roof: Composition
  • Spa: Private
  • View: Canyon, City Lights, Ocean, Pool
  • View: Yes

Garage/Parking

  • Parking Garage: Attached

Utilities

  • Heating: Radiant
  • Security: Gated
  • Sewer: Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4451-016-033
  • Lot Size Area: 78778

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2011
Closed on
Jun 11, 2012
Sold by
Glosser Daniel Irwin and Daniel Irwin Glosser Revocable
Bought by
Lees Gail E and The Gail E Lees Living Trust
Seller's Agent
John Glosser
Sotheby's International Realty
Buyer's Agent
Tania Ferris
Coldwell Banker Realty
List Price
$3,495,000
Sold Price
$3,385,000
Premium/Discount to List
-$110,000
-3.15%
Current Estimated Value
$5,693,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,308,976
Avg. Annual Appreciation
4.03%
Original Mortgage
$2,000,000
Outstanding Balance
$1,324,167
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,369,809

Purchase Details

Closed on
Jan 5, 2006
Sold by
Glosser Daniel I
Bought by
Glosser Daniel Irwin and Daniel Irwin Glosser Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 8, 2005
Sold by
Glosser Daniel I
Bought by
Glosser Daniel Irwin and Daniel Irwin Glosser Revocable Trust

Purchase Details

Closed on
Mar 25, 2005
Sold by
Seaside Development Co
Bought by
Glosser Daniel I

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
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 5, 2001
Sold by
Posell Jordan and Posell Fiona
Bought by
Seaside Development Co Inc

Purchase Details

Closed on
Nov 18, 1999
Sold by
Levin Eytan
Bought by
Posell Jordan

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
7.12%

Purchase Details

Closed on
Nov 3, 1999
Sold by
Levin Lydia
Bought by
Levin Eytan

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
7.12%

Purchase Details

Closed on
Apr 14, 1999
Sold by
Levin Michael D and Eytan Levin 1997 Trust
Bought by
Levin Eytan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 11, 1998
Sold by
Devivo Anthony A and Devivo Earleen H
Bought by
Levin David Eytan

Purchase Details

Closed on
Sep 30, 1997
Sold by
Levin David Eytan
Bought by
Trust Net Group and Eytan Levin 1997 Trust

Purchase Details

Closed on
Mar 17, 1997
Sold by
R R Sr And D K Wilson Trust and Lisa
Bought by
Levin David Eytan
Source: Public Records

Range of Values:

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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
Lees Gail E $3,385,033 Equity Title Company
Glosser Daniel Irwin -- Stewart Title
Glosser Daniel I -- Stewart Title
Glosser Daniel Irwin -- --
Glosser Daniel I -- --
Seaside Development Co Inc $1,895,000 Equity Title Company
Posell Jordan $1,400,000 First American Title Co
Levin Eytan -- First American Title Co
Levin Eytan -- First American Title Co
Levin David Eytan -- First American Title Co
Trust Net Group -- --
Levin David Eytan -- First American Title Co
Levin David Eytan -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gail E Lees Living Trust $1,000,000
Closed Lees Gail E $500,000
Open Lees Gail E $2,000,000
Previous Owner Glosser Daniel I $500,000
Previous Owner Glosser Daniel I $1,000,000
Previous Owner Posell Jordan $1,000,000
Previous Owner Levin Eytan $750,000
Closed Posell Jordan $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2012 07/18/12 Sold $3,385,000 -3.1% $798 / Sq Ft
05/29/2012 05/29/12 Pending -- -- --
11/10/2011 11/10/11 For Sale $3,495,000 -- $824 / 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 $48,121 $1,142,928 $1,142,928 --
2024 $48,121 $4,086,642 $1,723,874 $2,362,768
2023 $47,219 $4,006,513 $1,690,073 $2,316,440
2022 $46,626 $3,927,955 $1,656,935 $2,271,020
2021 $45,534 $3,850,938 $1,624,447 $2,226,491
2019 $44,651 $3,736,719 $1,576,266 $2,160,453
2018 $42,355 $3,663,451 $1,545,359 $2,118,092
2016 $40,818 $3,521,196 $1,485,351 $2,035,845
2015 $40,273 $3,468,305 $1,463,040 $2,005,265
2014 $39,699 $3,400,367 $1,434,382 $1,965,985
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    John Glosser

    Sotheby's International Realty

  • John Snyder

    Seller Co-Listing Agent in 2012

    John Snyder

    Compass

    (310) 270-7463

    9 Total Sales

    John Snyder
    Section Image
  • Tania Ferris

    Buyer's Agent in 2012

    Tania Ferris

    Coldwell Banker Realty

    (310) 713-8234

    40 Total Sales

    Tania Ferris
    Section Image
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Map

Source: The MLS

MLS Number: 11-565739

The MLS

APN: 4451-016-033

California Los Angeles County Malibu 90265 La Costa Beach

3140 Sumac Ridge Rd, Malibu, CA

This home is located at 3140 Sumac Ridge Rd, Malibu, CA 90265 since 10 November 2011 and is currently estimated at $5,693,976, approximately $1,341 per square foot. This property was built in 1996. 3140 Sumac Ridge Rd is a home located in Los Angeles County with nearby schools including Webster Elementary School, Malibu Middle School, and Malibu High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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