$10,025,000
SOLD SEP 30, 2024
4 Beds
3.5 Baths
4,456 Sq Ft
5,452 Sq Ft Lot

Recently Sold

$2,250 Per Sq Ft

20% Below List Price

30 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • Automatic Gate
  • Malibu Elementary School Rated A
  • Gourmet Kitchen
  • Open Floorplan

About This Home

As of September 2024

Welcome to your dream coastal retreat! As you enter through the gated driveway, which offers parking for 3-4 cars, you'll be greeted by a beautifully landscaped front yard featuring a charming fountain. The large front door immediately reveals stunning ocean views, complemented by the elegant wood floors and a state-of-the-art ring and door bird system. The turnkey home boasts high wood-beamed ceilings with a skylight, adding to the airy and bright ambiance. Descending the steps to the main living area, you'll be captivated by the panoramic ocean views. To your right, a functional laundry room awaits, complete with a washer and dryer, sink, and stone counters. Adjacent is the family room, where ocean views, high ceilings, wood floors, and a sophisticated speaker system create the perfect space for relaxation. The family room seamlessly opens to the main living area, featuring high coffered ceilings, recessed lighting, wood floors, a gas fireplace, a Sonos system, automatic shades, and ample closet space. Sliding glass doors lead to an ocean-view deck, ideal for indoor/outdoor entertaining and enjoying the coastal breeze. This room also transitions effortlessly into the dining area and the exquisite kitchen. The kitchen is a chef's delight, offering stone counters, ocean views, wood floors, a stone island with bar seating, a Wolf range with a hood fan, built-ins, double Wolf ovens, a Sub-Zero fridge and freezer, an Asko dishwasher, a built-in breakfast nook with ocean views, and built-in benches. Additional amenities include a sink with a water filter line, a Wolf coffee maker, and a Sub-Zero mini wine fridge.The ocean-view deck features a fire pit, outdoor seating, and dining options for al fresco enjoyment.Returning to the entrance, a door leads to a cozy bedroom with wood floors, a fireplace, a separate entrance, a walk-in closet, and an en-suite bathroom with stone tile floors, a sink, vanity, and shower stall. Ascend the stairs to discover a versatile office area or second-story TV sitting room. Straight ahead lies another bedroom, offering panoramic ocean and coastline views, with mirrored sliding closet doors. To the left in the hallway, a full bathroom awaits, complete with stone counters, a double sink and vanity, a free-standing tub, and a shower stall. At the end of the hallway, another bedroom features wood floors, high wood-beamed ceilings, a sitting area, and sliding mirrored closet doors. Each room is equipped with Nest thermostats for optimal comfort.The master suite is a true sanctuary, boasting panoramic ocean views, wood floors, wood-beamed ceilings, a porthole window, sliding glass doors to the ocean-view deck, a walk-in closet with built-ins, and an en-suite bathroom. The master bath includes double sinks, a makeup vanity, an in-ground tub, a shower stall with steam and double shower heads, and a water closet. Outside, you'll find beach access steps, a detached one-car garage, a marble backsplash in the kitchen, air conditioning, a bench in the front yard, a 250-volt charger, a camera security system, and a Jacuzzi with ocean views. This home is a perfect blend of luxury and coastal living, offering unparalleled views and amenities.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 08/05/2024

Compass

Last Buyer's Agent

Poupee Komenkul

Rodeo Realty License #01060862

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $122,086

Year Built

  • Built in 1950

Lot Details

  • 5,452 Sq Ft Lot
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Secluded Lot
  • Front Yard
  • Property is zoned LCR1*

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • Private Parking
  • Garage Door Opener
  • Driveway
  • Automatic Gate
  • Guest Parking
  • On-Street Parking
  • Unassigned Parking

Property Views

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

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 4,456 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Prewired Security
  • Laundry Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • <<doubleOvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Mirrored Closets Doors
  • Powder Room
  • Double Vanity
  • <<tubWithShowerToken>>

Outdoor Features

  • Room in yard for a pool
  • Property has ocean access
  • Beach Access
  • Balcony
  • Open Patio
  • Outdoor Fireplace
  • Fire Pit

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-024-032

Home Details

Home Type

Single Family

Est. Annual Taxes

$122,086

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 4456
  • Lot Acreage: 0.1252
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 69
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, Recessed Lighting, High Ceilings (9 Feet+), Mirrored Closet Door(s), Living Room Deck Attached, Turnkey, Open Floor Plan
  • Fireplace Rooms: Fire Pit, Living Room, Exterior
  • Flooring: Wood, Stone Tile
  • Appliances: Built-Ins, Gas, Microwave, Double Oven, Range, Range Hood
  • Bedrooms: 4
  • Fireplaces: 3
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Bedroom Features: Master Bedroom, WalkInCloset, Dressing Area
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Powder Room, Double Vanity(s), Tile, Shower and Tub, Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Kitchen Island, In Kitchen, Living Room, Breakfast Nook, Dining Area
  • Kitchen Features: Island, Stone Counters, Gourmet Kitchen
  • Laundry: Inside, Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Freezer, Built-Ins, Hood Fan, Garbage Disposal, Range/Oven, Refrigerator, Water Filter
  • Fireplace: Yes
  • Price Per S Q F T: 2805.21
  • Windows: Skylights

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), Sliding Glass Doors
  • Other Structures: None
  • Patio: Balcony, Living Room Deck Attached, Patio Open, Wood
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Water, White Water, City Lights, Coastline, City, Mountains, Ocean, Panoramic, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 3
  • Covered Parking: 1
  • Parking Garage: Covered Parking, Door Opener, Driveway, Private, Garage - 1 Car, On street, Parking for Guests, Parking for Guests - Onsite, Uncovered, Unassigned, Gated
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Automatic Gate, Gated, Prewired for alarm system
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4470-024-032
  • Lot Description: Fenced, Fenced Yard, Front Yard, Landscaped, Secluded, Street Paved, Automatic Gate
  • Lot Location: Beach Access, City, Near Public Transit, Ocean Access
  • Lot Size Area: 5452

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Aug 15, 2024
Sold by
Dart Ii Llc
Bought by
Menci Properties Llc and Armon Enterprises Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Poupee Komenkul
Rodeo Realty
List Price
$12,500,000
Sold Price
$10,025,000
Premium/Discount to List
-$2,475,000
-19.8%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.33%
Original Mortgage
$5,550,000
Outstanding Balance
$5,499,507
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$3,255,084

Purchase Details

Closed on
Nov 16, 2021
Sold by
Rose and Tiffany
Bought by
Rose Family 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
$250,000
Interest Rate
2.98%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 5, 2016
Sold by
Rose Jonathan C
Bought by
The Rose Family Revocable Trust Ua

Purchase Details

Listed on
Jul 9, 2014
Closed on
Sep 9, 2014
Sold by
Frost Gerald P
Bought by
Rose Jonathan and Rose Tiffany
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Irene Dazzan
The Agency
List Price
$5,950,000
Sold Price
$5,720,000
Premium/Discount to List
-$230,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%
Original Mortgage
$3,295,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 21, 2005
Sold by
Frost Gerald P
Bought by
Frost Gerald P

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
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2000
Sold by
Frost Gerald P
Bought by
Frost Gerald P

Purchase Details

Closed on
Jan 23, 1998
Sold by
Frost Vivienne Lee
Bought by
Frost Gerald P
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 $10,025,000 Consumers Title Company
Grant Deed -- Nextitle
Interfamily Deed Transfer -- Nextitle
Interfamily Deed Transfer -- None Available
Grant Deed -- Equity Title
Interfamily Deed Transfer -- Alliance Title Company
Interfamily Deed Transfer -- Alliance Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,550,000 New Conventional
Previous Owner $250,000 Construction
Previous Owner $4,500,000 New Conventional
Previous Owner $285,000 Commercial
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $3,295,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,000,000 Purchase Money Mortgage
Previous Owner $1,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2025 01/16/25 Price Changed $49,000 +8.9% $11 / Sq Ft
11/11/2024 11/11/24 Price Changed $45,000 -9.1% $10 / Sq Ft
10/07/2024 10/07/24 Price Changed $49,500 +10.0% $11 / Sq Ft
10/07/2024 10/07/24 For Rent $45,000 0.0% --
09/30/2024 09/30/24 Sold $10,025,000 -19.8% $2,250 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $12,500,000 0.0% $2,805 / Sq Ft
06/16/2020 06/16/20 Rented $26,500 0.0% --
06/05/2020 06/05/20 For Rent $26,500 0.0% --
09/23/2014 09/23/14 Sold $5,720,000 0.0% $1,284 / Sq Ft
07/30/2014 07/30/14 Off Market $5,720,000 -- --
07/09/2014 07/09/14 For Sale $5,950,000 -- $1,335 / 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 $122,086 $10,372,788 $8,323,200 $2,049,588
2023 $119,797 $10,169,400 $8,160,000 $2,009,400
2022 $77,833 $6,455,420 $5,322,892 $1,132,528
2021 $76,004 $6,328,844 $5,218,522 $1,110,322
2019 $74,555 $6,141,130 $5,063,739 $1,077,391
2018 $70,969 $6,020,716 $4,964,450 $1,056,266
2016 $68,466 $5,786,925 $4,771,675 $1,015,250
2015 $67,589 $5,700,000 $4,700,000 $1,000,000
2014 $8,911 $529,489 $271,043 $258,446
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-423277

The MLS

APN: 4470-024-032