NOT LISTED FOR SALE

31406 Broad Beach Rd Malibu, CA 90265

Broad Beach Neighborhood

Estimated Value: $6,573,000 - $14,075,870

4 Beds
5 Baths
2,696 Sq Ft
$3,484/Sq Ft Est. Value

Last Sold April 04, 2012

Last sale price $6,500,000 $2,411 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $59,895/month

173 Days on Market

Highlights

  • Ocean Front
  • Wood Flooring
  • 4 Car Attached Garage
  • Malibu Elementary School Rated A
  • Lanai
  • Built-In Features

About This Home

As of April 2012

Reduced $6 Million! An exotic and exceptional residence situated on a private street just off Malibu's Broad Beach Road. This rare offering, with 95 feet of prime Southern California beach front, was extensively remodeled in 2005 to optimize the breathtaking views of the Pacific Ocean and Point Lechuza. Bamboo wood floors and walls of 9 foot glass doors and windows present a zen sensibility as each room flows effortlessly throughout the residence. This home was built for both entertaining and escape, with over 1500 square feet of oceanfront decks and a sparkling spa overlooking the sensational cove. The master suite offers tremendous ocean views, a dressing room/retreat and sumptuous bath area. Three additional bedroom suites grace the home, each providing privacy and a welcome retreat for guests or family.

Last Agent to Sell the Property

Kim Pfeiffer

Compass License #01047570 Listed on: 09/29/2011

Compass

Co-Listed By

Andrew Stern

Coldwell Banker Realty License #01434460

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $105,732

Year Built

  • Built in 1948

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 95x252
  • Ocean Front
  • Property is zoned LCR110000*

Parking

  • 4 Car Attached Garage

Property Views

  • White Water Ocean
  • Mountain

Interior Spaces

  • 2,696 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bar
  • Family Room
  • Living Room
  • Dining Area
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Open Patio
  • Lanai

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4470-016-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$105,732

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 2696
  • Lot Dimensions: 95x252
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Mixed, Stone
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 3319.73

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Tile
  • View: Mountains, Ocean, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached
  • Total Parking: 4

Utilities

  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4470-016-026
  • Lot Size Area: 22442

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2011
Closed on
Mar 21, 2012
Sold by
Kenterra Vi Lp
Bought by
31406 Broad Beach Malibu Llc
Seller's Agent
Kim Pfeiffer
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$9,850,000
Sold Price
$6,500,000
Premium/Discount to List
-$3,350,000
-34.01%
Current Estimated Value
$9,393,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,893,623
Avg. Annual Appreciation
2.78%

Purchase Details

Closed on
May 31, 2007
Sold by
Meehan Paula Kent and Paula Kent Meehan Trust
Bought by
Kenterra Vi Lp

Purchase Details

Closed on
Jul 14, 2004
Sold by
Jacobs Herman and Jacobs Marsha
Bought by
Meehan Paula Kent and Paula Kent Meehan Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
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
31406 Broad Beach Malibu Llc $6,000,060 Old Republic Title Company
Kenterra Vi Lp -- None Available
Meehan Paula Kent $5,750,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meehan Paula Kent $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2012 04/04/12 Sold $6,500,000 -27.4% $2,411 / Sq Ft
03/20/2012 03/20/12 Pending -- -- --
12/19/2011 12/19/11 Price Changed $8,950,000 -9.1% $3,320 / Sq Ft
09/29/2011 09/29/11 For Sale $9,850,000 -- $3,654 / 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 $105,732 $7,536,333 $6,029,071 $1,507,262
2024 $105,732 $7,388,562 $5,910,854 $1,477,708
2023 $104,102 $7,243,689 $5,794,955 $1,448,734
2022 $102,370 $7,101,657 $5,681,329 $1,420,328
2021 $98,904 $6,962,410 $5,569,931 $1,392,479
2019 $96,648 $6,755,903 $5,404,725 $1,351,178
2018 $92,376 $6,623,435 $5,298,750 $1,324,685
2016 $87,083 $6,366,241 $5,092,994 $1,273,247
2015 $85,936 $6,270,615 $5,016,493 $1,254,122
2014 $110,184 $6,147,783 $4,918,227 $1,229,556
Source: Public Records

Agents Affiliated with this Home

  • Kim Pfeiffer

    Seller's Agent in 2012

    Kim Pfeiffer

    Compass

    (310) 867-0033

    1 in this area

    23 Total Sales

    Kim Pfeiffer
    Section Image
  • Andrew Stern

    Seller Co-Listing Agent in 2012

    Andrew Stern

    Coldwell Banker Realty

    (310) 804-1913

    1 in this area

    3 Total Sales

    Andrew Stern
    Section Image
  • Chris Cortazzo

    Buyer's Agent in 2012

    Chris Cortazzo

    Compass

    (310) 457-3995

    10 in this area

    226 Total Sales

    Chris Cortazzo
    Section Image
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Map

Source: The MLS

MLS Number: 11-557621

The MLS

APN: 4470-016-026

California Los Angeles County Malibu 90265 Broad Beach

31406 Broad Beach Rd, Malibu, CA

This home is located at 31406 Broad Beach Rd, Malibu, CA 90265 since 29 September 2011 and is currently estimated at $9,393,623, approximately $3,484 per square foot. This property was built in 1948. 31406 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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