$7,500,000
SOLD DEC 13, 2019
4 Beds
5 Baths
4,298 Sq Ft
5,053 Sq Ft Lot

Recently Sold

$1,745 Per Sq Ft

6% Below List Price

113 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • Modern Architecture
  • Malibu Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Home Gym

About This Home

As of December 2019

Modern design and architectural features unite in this newly remodeled three-story contemporary beachfront home by world-renowned architect Richard Landry. Pure white Nano Glass slabs & plaster wall finish were used to create crisp lines and precise detailing, giving this open floor plan home a light, airy feeling & providing a clean backdrop for special mood/ambience lighting features. Steps to the beach, the first floor includes an ocean front living room with fireplace, dining area & gourmet island kitchen with outdoor entertaining deck. The second floor owner's suite with fireplace, private deck & spa-like bath has a second glass wall that floods the floor with natural light, but can be closed with automated shades/draperies for privacy. The ultimate indoor/outdoor recreation space is created with pocket doors that completely open between the media room, custom bar & roof terrace with fire pit and built-in BBQ. Located behind the gates of a private subdivision off Broad Beach Road.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 08/20/2019

Compass

Last Buyer's Agent

Madison Hildebrand

Compass License #01413280

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $92,827

Year Built

  • Built in 1962

Lot Details

  • 5,053 Sq Ft Lot
  • Ocean Front
  • Property is zoned LCR1*

HOA Fees

  • $160 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic

Home Design

  • Modern Architecture

Interior Spaces

  • 4,298 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Bar
  • Gas Fireplace
  • Entryway
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Area
  • Home Theater
  • Home Gym
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer Hookup

Parking

  • 4 Car Attached Garage
  • Driveway
  • Guest Parking

Outdoor Features

  • Fire Pit
  • Outdoor Grill

Utilities

  • Vented Exhaust Fan
  • Radiant Heating System
  • Property is located within a water district
  • Water Purifier
  • Water Conditioner
  • Septic Tank
  • Phone System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4470-001-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$92,827

Year Built

Built in 1962

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4298
  • Stories: 3
  • Year Built: 1962
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Fire Pit, Gas, Living Room, Master Bedroom
  • Bedrooms: 4
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Bar Ice Maker, Built-Ins, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Network Wire, Phone System, Range/Oven, Refrigerator, Satellite, Stackable W/D Hookup, Vented Exhaust Fan, Water Conditioner, Water Filter, Water Purifier
  • Fireplace: Yes
  • Price Per S Q F T: 1860.17

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Catalina, Ocean, Panoramic, White Water
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Driveway, Garage - 2 Car, Parking for Guests
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Heating: Radiant
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA Fee Frequency: Quarterly
  • HOA Fees: 480.00
  • HOA: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4470-001-006
  • Geocode Override: No
  • Lot Size Area: 5053

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
Aug 20, 2019
Closed on
Oct 17, 2019
Sold by
Landry Richard and The Blue Moon Trust
Bought by
Shah Darshan Ravindra and The Darshan Shah Trust
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Madison Hildebrand
Compass
List Price
$7,995,000
Sold Price
$7,500,000
Premium/Discount to List
-$495,000
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.77%
Original Mortgage
$4,500,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2011
Sold by
Seror David and Bankruptcy Estate Of Automated
Bought by
Landry Richard

Purchase Details

Closed on
Mar 1, 2011
Sold by
Landry Richard
Bought by
Landry Richard and Blue Moon Trust

Purchase Details

Closed on
Dec 28, 2005
Sold by
Stewart Mitchell and Petri Nurit
Bought by
Stewart Mitchell and Petri Nurit

Purchase Details

Closed on
Oct 6, 2005
Sold by
Finance Network Llc
Bought by
Stewart Mitchell and Petri Nurit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,500,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2004
Sold by
Stewart Mitchell and Petri Nurit
Bought by
Finance Network Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,625,000
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2001
Sold by
Stewart Mitchell and Petri Nurit
Bought by
Finance Network Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,031,250
Interest Rate
8.11%

Purchase Details

Closed on
Jun 11, 2001
Sold by
Roshwald Gerald L and Roshwald Barbara L
Bought by
Stewart Mitchell and Petri Nurit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,031,250
Interest Rate
8.11%

Purchase Details

Closed on
Jun 10, 1999
Sold by
Roshwald Gerald and Roshwald Barbara L
Bought by
Roshwald Gerald L and Roshwald Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
6.87%

Purchase Details

Closed on
Sep 9, 1997
Sold by
Hefner Hugh M and Hefner Kimberley
Bought by
Roshwald Gerald and Roshwald Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
7.54%
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 $7,500,000 Fidelity National Title
Quit Claim Deed $3,950,000 Lawyers Title
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- --
Grant Deed -- First American Title Ins Co
Grant Deed -- Lawyers Title
Grant Deed -- Lawyers Title
Grant Deed -- Lawyers Title
Grant Deed $3,125,000 Lawyers Title Company
Interfamily Deed Transfer -- Investors Title Company
Grant Deed $2,100,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $955,523 Credit Line Revolving
Open $4,500,000 New Conventional
Previous Owner $4,500,000 New Conventional
Previous Owner $0 Unknown
Previous Owner $0 Unknown
Previous Owner $4,500,000 Purchase Money Mortgage
Previous Owner $3,625,000 Purchase Money Mortgage
Previous Owner $1,415,000 Unknown
Previous Owner $2,031,250 No Value Available
Previous Owner $100,000 Credit Line Revolving
Previous Owner $1,450,000 No Value Available
Previous Owner $1,470,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $13,500,000 0.0% $3,141 / Sq Ft
01/23/2025 01/23/25 For Rent $49,500 +23.8% --
03/28/2024 03/28/24 Rented $40,000 -11.1% --
02/12/2024 02/12/24 For Rent $45,000 0.0% --
12/13/2019 12/13/19 Sold $7,500,000 -6.2% $1,745 / Sq Ft
12/11/2019 12/11/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $7,995,000 -- $1,860 / 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 $92,827 $8,041,514 $6,433,212 $1,608,302
2023 $91,163 $7,883,838 $6,307,071 $1,576,767
2022 $90,125 $7,729,253 $6,183,403 $1,545,850
2021 $88,028 $7,577,700 $6,062,160 $1,515,540
2019 $53,560 $4,536,586 $4,019,762 $516,824
2018 $50,886 $4,447,635 $3,940,944 $506,691
2016 $49,061 $4,274,929 $3,787,913 $487,016
2015 $48,401 $4,210,717 $3,731,016 $479,701
2014 $47,658 $4,128,236 $3,657,931 $470,305
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-501722

The MLS

APN: 4470-001-006