$15,256,250
SOLD FEB 15, 2024

31504 Victoria Point Rd Malibu, CA 90265

Broad Beach Neighborhood
4 Beds
6 Baths
3,424 Sq Ft
0.25 Acres

Recently Sold

$4,456 Per Sq Ft

17% Below List Price

143 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Home Theater
  • Malibu Elementary School Rated A
  • 24-Hour Security
  • Heated Spa

About This Home

As of February 2024

Exceptionally private and updated to perfection, this gorgeous, light-filled contemporary is beachfront living at its finest. Set at the end of a cul-de-sac on a gated street off Broad Beach Road, the home has multiple decks, sensational views of the beach, ocean, and Catalina, and ample room for generous indoor-outdoor living and entertaining. Behind the property's entry gate, steps lead down to a very private garden patio and outdoor living room. Within, the ocean-view foyer reveals elegant details such as tray ceilings with soffit lighting and beautiful wide-plank French oak floors. On the left is a comfortable, ocean-view family room/bar/lounge with a fireplace. On the right is a wide hallway with an elevator and stairs to the upper and lower floors. Ahead, step down to a magnificent double-height living room. For grand-scale gatherings and undisturbed relaxation, this majestic space is complete with huge skylights, a fireplace, and a wall of Fleetwood glass doors that open seamlessly to a multi-level oceanfront deck. Sharing this view is the exquisite dining area and the amazing chef's kitchen. Beneath high ceilings and a skylight, the island kitchen glows with Calacatta marble countertops, white soft-close cabinets, and top-grade stainless appliances. The deck is equipped for day and evening enjoyment with an outdoor kitchen/barbecue, a firepit, and comfortable seating. Completing this floor is an en-suite bedroom with a private balcony. One level down from the main living area is a comfortable mezzanine-style sitting area, a laundry room, and two en-suite bedrooms, including the astonishing oceanfront primary suite. A full-width heated deck, with comfortable seating and a firepit, is shared by the bedroom, which has wraparound windows, a fireplace, a large closet, and the huge bath, which is a tranquil retreat in itself, with every spa-style comfort and amenity, including a nine-head shower. The home's bottom floor is a beachfront media suite. This spectacular space features a full kitchen; a living room with a fireplace, a dramatic built-in wine-display wall; a powder room; and an en-suite guest bedroom that opens to yet another oceanfront deck with an outdoor shower, a Jacuzzi, and steps to the beach. The home's upper floor, above the main living areas, features a large office/bonus space with very high ceilings, skylights, a deck overlooking the front patio, and interior views over the living room and ocean. The two-car garage is also accessed from this level and equipped with a Tesla plug-in, a hydraulic lift, and an exercise loft. With numerous smart-home features, such as automated window shades, this remarkable beach estate offers year-round vacation living.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 09/08/2023

Compass

Last Buyer's Agent

James Harris

Carolwood Estates License #01909801

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $167,858

Year Built

  • Built in 1976

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 51x180
  • Beach Front
  • Property fronts a private road
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Front Yard
  • Property is zoned LCR1*

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • On-Street Parking

Property Views

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

Home Design

  • Turnkey

Interior Spaces

  • 4-Story Property
  • Elevator
  • Furnished
  • Built-In Features
  • Bar
  • Dry Bar
  • Two Story Ceilings
  • Skylights in Kitchen
  • Recessed Lighting
  • Gas Fireplace
  • French Doors
  • Sliding Doors
  • Family Room with Fireplace
  • 7 Fireplaces
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Home Theater
  • Home Office
  • Loft
  • Home Gym
  • Laundry Room

Kitchen

  • Double Self-Cleaning Convection Oven
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Double Vanity
  • <<tubWithShowerToken>>
  • Double Shower
  • Steam Shower

Home Security

  • Alarm System
  • Smart Home

Outdoor Features

  • Heated Spa
  • Balcony
  • Covered patio or porch
  • Outdoor Fireplace
  • Fire Pit
  • Built-In Barbecue

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Water Purifier
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4470-017-036

Community Details

Overview

  • No Home Owners Association

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$167,858

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Foyer
  • Lot Acreage: 0.2528
  • Lot Dimensions: 51x180
  • Stories: 4
  • Year Built: 1976
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, Dry Bar, Turnkey, High Ceilings (9 Feet+), Recessed Lighting, Two Story Ceilings, Living Room Deck Attached, Home Automation System, Elevator
  • Fireplace Rooms: Fire Pit, Family Room, Living Room, Exterior, Master Bedroom, Gas
  • Flooring: Stone Tile, Wood
  • Appliances: Built-Ins, Built-In BBQ, Double Oven, Microwave, Gas, Self Cleaning Oven, Range, Convection Oven
  • Bedrooms: 4
  • Fireplaces: 7
  • Full Bathroom: 4
  • Half Bathroom: 2
  • Bedroom Features: WalkInCloset, Master Suite, Dressing Area
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Shower, Double Vanity(s), Shower and Tub, Shower Stall, Powder Room, Steam Shower
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Dining Area, In Kitchen, Kitchen Island, Living Room
  • Kitchen Features: Marble Counters, Skylight(s), Island
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 1
  • Equipment: Alarm System, Barbeque, Built-Ins, Garbage Disposal, Freezer, Elevator, Microwave, Water Filter, Refrigerator, Range/Oven, Dishwasher
  • Fireplace: Yes
  • Windows: Skylights

Exterior Features

  • Other Features: Balcony, Barbecue Private, High Ceilings (9 Feet+), Sliding Glass Doors, French Doors
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Deck(s), Living Room Deck Attached, Rock/Stone, Patio Open, Wood, Balcony
  • Pool: No
  • Spa: Heated, Private
  • Spa Yn: Yes
  • View: City Lights, Coastline, Catalina, Ocean, Mountains, White Water, Rocks, Panoramic
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Driveway, Door Opener, Garage - 2 Car, Private, On street, Parking for Guests, Uncovered
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Gated, Prewired for alarm system, 24 Hour, Community
  • Sewer: Septic Tank
  • Water: District

Association/Amenities

  • Amenities: Gated Community

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4470-017-036
  • Lot Description: Front Yard, Gated Community, Landscaped, Fenced Yard, Street Paved
  • Lot Location: Beach Front, Beach Access, City, Near Public Transit, Private Road, Ocean Front, Water Front
  • Lot Size Area: 11014

Rental Info

  • Furnished: Furnished

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Jan 9, 2024
Sold by
Z Level Trust
Bought by
Brown Family Trust and Brown
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
James Harris
Carolwood Estates
List Price
$18,450,000
Sold Price
$15,256,250
Premium/Discount to List
-$3,193,750
-17.31%
Views
677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.34%
Original Mortgage
$9,300,000
Outstanding Balance
$9,132,494
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$971,401

Purchase Details

Listed on
Apr 22, 2019
Closed on
May 14, 2019
Sold by
35 Malibu Holdings Llc
Bought by
Neuman Harley J and The Z Level Trust
Seller's Agent
James Harris
Carolwood Estates
Buyer's Agent
Cooper Mount
Carolwood Estates
List Price
$13,495,000
Sold Price
$12,150,000
Premium/Discount to List
-$1,345,000
-9.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$5,000,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 29, 2018
Closed on
Mar 28, 2018
Sold by
Herndon Partners Llc
Bought by
35 Malibu Holdings Llc
Seller's Agent
Susan Monus
Coldwell Banker Realty
Buyer's Agent
James Harris
Carolwood Estates
List Price
$12,450,000
Sold Price
$12,050,000
Premium/Discount to List
-$400,000
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.70%

Purchase Details

Closed on
Nov 19, 2009
Sold by
Boundary Bay Capital Llc
Bought by
Herndon Partners Llc

Purchase Details

Closed on
Jul 10, 2007
Sold by
Heritage Orcas Partners Lp
Bought by
Boundary Bay Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2007
Sold by
La Specialty Properties Llc
Bought by
Heritage Orcas Partners Lp and Boundary Bay Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2006
Sold by
Madsen Michael
Bought by
La Speciality Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2005
Sold by
Madsen Michael
Bought by
Madsen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 1999
Sold by
Family Trust Danson, Edward B Iii Co Tr Danso
Bought by
Madsen Michael and Madsen Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,955,000
Interest Rate
7.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 27, 1998
Sold by
Danson Edward B
Bought by
Danson Edward Bridge and Edward Bridge Danson Iii Family Trust

Purchase Details

Closed on
Sep 23, 1995
Sold by
Danson Family Trust
Bought by
Danson Edward B
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $15,256,500 Equity Title Company
Grant Deed $12,150,000 Chicago Title Company
Grant Deed $12,050,000 Lawyers Title
Grant Deed $3,200,000 North American Title Company
Grant Deed -- Ticor Title Co Brea
Trustee Deed $6,000,000 Accommodation
Quit Claim Deed -- First American Title Ins Co
Interfamily Deed Transfer -- First American Title Co
Individual Deed -- First American Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $9,300,000 New Conventional
Previous Owner $5,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $10,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $250,000 Unknown
Previous Owner $3,000,000 Purchase Money Mortgage
Previous Owner $6,500,000 Purchase Money Mortgage
Previous Owner $6,500,000 Purchase Money Mortgage
Previous Owner $175,000 Unknown
Previous Owner $40,000 Unknown
Previous Owner $70,000 Unknown
Previous Owner $2,500,000 No Value Available
Previous Owner $80,000 Unknown
Previous Owner $147,555 Unknown
Previous Owner $1,955,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 For Sale $15,995,000 +4.8% $4,671 / Sq Ft
02/15/2024 02/15/24 Sold $15,256,250 -10.0% $4,456 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
12/08/2023 12/08/23 Price Changed $16,950,000 -8.1% $4,950 / Sq Ft
09/08/2023 09/08/23 For Sale $18,450,000 +51.9% $5,388 / Sq Ft
06/25/2019 06/25/19 Sold $12,150,000 -10.0% $2,366 / Sq Ft
04/22/2019 04/22/19 For Sale $13,495,000 +12.0% $2,628 / Sq Ft
04/16/2018 04/16/18 Sold $12,050,000 -3.2% $2,346 / Sq Ft
03/27/2018 03/27/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $12,450,000 -- $2,424 / 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
2024 $167,858 $13,287,797 $10,936,460 $2,351,337
2023 $164,890 $13,027,253 $10,722,020 $2,305,233
2022 $162,292 $12,771,818 $10,511,785 $2,260,033
2021 $157,657 $12,521,391 $10,305,672 $2,215,719
2019 $155,788 $12,291,000 $10,710,000 $1,581,000
2018 $53,194 $3,603,740 $3,524,331 $79,409
2016 $50,209 $3,463,804 $3,387,478 $76,326
2015 $49,576 $3,411,775 $3,336,595 $75,180
2014 $63,389 $3,344,944 $3,271,236 $73,708
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-309307

The MLS

APN: 4470-017-036