$12,050,000
SOLD APR 16, 2018

31504 Victoria Point Rd Malibu, CA 90265

Broad Beach Neighborhood
4 Beds
6 Baths
5,136 Sq Ft
0.25 Acres

Recently Sold

$2,346 Per Sq Ft

3% Below List Price

57 Days on Market

Highlights

  • Ocean Front
  • Spa
  • Primary Bedroom Suite
  • Malibu Elementary School Rated A
  • Gourmet Kitchen
  • Open Floorplan

About This Home

As of February 2024

Malibu's ultimate cove setting on a private gated street off of Broad Beach! This re-imagined 2013 remodeled contemporary 4 bedroom, 6 bathroom beach home expresses sophistication through unique design finishes and custom furnishings. The impressive entertaining rooms feature wide plank French oak floors, vaulted ceilings, skylights, walls of disappearing glass, ocean front dining table with seating for 10, and a Calcutta marble kitchen. The media room showcases an artistic wine wall, projection screen, lounge seating, and an entertainment kitchen in a sensually inspired atmosphere. The amazing private guest suite and spa inspired bathroom elevate your emotions as the wall of glass opens, leading to the beach. The exceptional master suite showcases the majestic cove with a master bath that is a world of its own. Fully automated smart house, massage and exercise loft, library, fireplaces, surround sound, mood lighting and elevator.

Last Agent to Sell the Property

Susan Monus

Coldwell Banker Realty License #00827409 Listed on: 01/29/2018

Coldwell Banker Realty

Co-Listed By

Chris Cortazzo

Compass License #01190363

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
  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Gated Home
  • Property is zoned LCR1*

Parking

  • 4 Car Garage

Property Views

  • White Water Ocean
  • Coastline
  • Catalina

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,136 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Sliding Doors
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Den
  • Library with Fireplace
  • Loft
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Marble Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • 6 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Covered patio or porch
  • Outdoor Grill

Utilities

  • Central Heating
  • Radiant Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-017-036

Home Details

Home Type

Single Family

Est. Annual Taxes

$167,858

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • Advertising Remarks: Malibu's ultimate cove setting on a private gated street off of Broad Beach! This re-imagined 2013 remodeled contemporary 4 bedroom, 6 bathroom beach home expresses sophistication through unique design finishes and custom furnishings. The impressive entertaining rooms feature wide plank French oak floors, vaulted ceilings, skylights, walls of disappearing glass, ocean front dining table with seating for 10, and a Calcutta marble kitchen. The media room showcases an artistic wine wall, projection screen, lounge seating, and an entertainment kitchen in a sensually inspired atmosphere. The amazing private guest suite and spa inspired bathroom elevate your emotions as the wall of glass opens, leading to the beach. The exceptional master suite showcases the majestic cove with a master bath that is a world of its own. Fully automated smart house, massage and exercise loft, library, fireplaces, surround sound, mood lighting and elevator.
  • Entry Location: Elevator
  • Living Area: 5136
  • Probate: No
  • Stories: 4
  • Year Built: 1976
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator, Hot Tub, Living Room Deck Attached, Open Floor Plan
  • Fireplace Rooms: Family Room, Library, Living Room, Master Bedroom
  • Flooring: Hardwood
  • Appliances: Cooktop - Gas, Microwave
  • Bedrooms: 4
  • Fireplaces: 4
  • Full Bathroom: 6
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms, Dressing Area, Master Suite, WalkInCloset
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Dining Area
  • Kitchen Features: Gourmet Kitchen, Marble Counters
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Dishwasher, Dryer, Elevator, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2424.07

Exterior Features

  • Other Features: Sliding Glass Doors
  • Tennis Court Y/N: No
  • Patio: Deck(s)
  • Pool: No
  • Spa: Private
  • Spa Yn: Yes
  • View: Catalina, Coastline, Ocean, Water, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Central, Radiant
  • Security: Gated

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4470-017-036
  • Geocode Override: No
  • Lot Location: Cul-De-Sac, Ocean Front, Private Road
  • Lot Size Area: 11014

Rental Info

  • Furnished: Furnished
  • Lease Option: 1

Multi Family

  • Number Of Units: 0

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: 18-308048

The MLS

APN: 4470-017-036