NOT LISTED FOR SALE

Estimated Value: $6,891,000 - $13,079,441

5 Beds
6 Baths
6,904 Sq Ft
$1,446/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $15,680,000 $2,271 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $65,377/month

116 Days on Market

Highlights

  • White Water Ocean Views
  • Wine Cellar
  • Heated Spa
  • Malibu Elementary School Rated A
  • Home Theater
  • Sauna

About This Home

As of July 2019

Breathtaking ocean views can be enjoyed from nearly every room in this entirely reimagined ocean bluff property with a rare attached additional parcel. Designed to perfection by the acclaimed Doug Burdge and built by the renowned Scott Halley, no expense was spared in the development of this one of a kind property. Infused with the finest amenities, this modern masterpiece rests perfectly on a large private lot with stair access to the best beach in Malibu. The incredible top floor master suite has stunning coastline views from the bed and bath, a massive walk-in closet and a large infrared sauna. The chef's kitchen has all the high-end amenities one needs with stair access off of the deck to the garden below. On the bottom floor you have a game/media room with a Subzero wet bar, a huge connoisseur wine cellar, humidor and two more guest beds. Outside, the Zen garden and gazebo provide for a perfect yoga spot with a large koi pond and outside shower upon your return from the beach.

Last Agent to Sell the Property

Sean Landon

Douglas Elliman License #01981562 Listed on: 02/08/2019

Douglas Elliman

Last Buyer's Agent

Edward Fitz

The Agency License #01023092

The Agency

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 0.33 Acre Lot
  • Property is zoned LCR1YY

HOA Fees

  • $480 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • Mountain

Home Design

  • Modern Architecture

Interior Spaces

  • 6,904 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-In Features
  • Bar
  • Electric Fireplace
  • Gas Fireplace
  • Formal Entry
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Sauna
  • Home Gym
  • Wood Flooring
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Guest Parking

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

  • Air Conditioning
  • Central Heating
  • Vented Exhaust Fan
  • Water Purifier
  • Phone System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4470-026-022

Community Details

Amenities

  • Billiard Room
  • Service Entrance

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

HOA Fees

$480 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 6904
  • Stories: 3
  • Year Built: 1986
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Electric, Gas, Living Room, Master Bedroom
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 3
  • Half Bathroom: 2
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 6.00
  • Equipment: Alarm System, Barbeque, Bar Ice Maker, Built-Ins, Cable, Dishwasher, Dryer, Electric Dryer Hookup, Freezer, Garbage Disposal, Ice Maker, Network Wire, Phone System, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer, Water Filter, Water Line to Refrigerator, Water Purifier
  • Price Per S Q F T: 2310.25

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Heated with Electricity, In Ground, Private
  • Spa Yn: Yes
  • View: Coastline, Mountains, Ocean, Panoramic, Water, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car, Parking for Guests, Parking for Guests - Onsite

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

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

Lot Info

  • Assessor Parcel Number: 4470-026-022
  • Geocode Override: No
  • Lot Size Area: 14367

Rental Info

  • Furnished: Furnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Jun 10, 2019
Sold by
Landon Cindy and Cindy Landon Living Trust
Bought by
Woody S Beach Shack Llc
Seller's Agent
Sean Landon
Douglas Elliman
Buyer's Agent
Edward Fitz
The Agency
List Price
$16,295,000
Sold Price
$15,680,000
Premium/Discount to List
-$615,000
-3.77%
Current Estimated Value
$9,985,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,694,779
Avg. Annual Appreciation
-6.66%

Purchase Details

Listed on
Jul 6, 2015
Closed on
Sep 15, 2015
Sold by
Haddad David J and The Haddad Family Trust
Bought by
Landon Cindy and Cindy Landon Living Trust
Seller's Agent
Andrew Stern
Coldwell Banker Realty
Buyer's Agent
Sean Landon
Douglas Elliman
List Price
$7,895,000
Sold Price
$7,500,000
Premium/Discount to List
-$395,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.61%

Purchase Details

Listed on
Nov 24, 2014
Closed on
May 6, 2015
Sold by
Pallack Thomas and Pallack Lisa
Bought by
Haddad David J and The Haddad Family Trust
Seller's Agent
Andrew Stern
Coldwell Banker Realty
Buyer's Agent
Andrew Stern
Coldwell Banker Realty
List Price
$8,495,000
Sold Price
$7,350,000
Premium/Discount to List
-$1,145,000
-13.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$4,410,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 6, 2012
Sold by
Pallack Thomas
Bought by
Pallack Thomas and Pallack Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,918,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Pallack Thomas
Bought by
Pallack Thomas

Purchase Details

Closed on
Jan 19, 2004
Sold by
Mabon Stuart P and Mabon Hannelore
Bought by
Pallack Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,493,750
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2003
Sold by
Pallack Margaret
Bought by
Pallack Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,493,750
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Woody S Beach Shack Llc $15,680,000 Equity Title Company
Landon Cindy $7,500,000 Equity Title Company
Haddad David J $7,350,000 Equity Title
Pallack Thomas -- Fidelity National Title Co
Pallack Thomas -- Chicago Title Co
Pallack Thomas -- California Title Company
Pallack Thomas -- California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haddad David J $4,410,000
Previous Owner Pallack Thomas $1,918,000
Previous Owner Pallack Thomas $3,493,750
Previous Owner Pallack Thomas $3,493,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2019 07/12/19 Sold $15,680,000 -1.7% $2,271 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $15,950,000 -2.1% $2,310 / Sq Ft
02/08/2019 02/08/19 For Sale $16,295,000 0.0% $2,360 / Sq Ft
01/17/2019 01/17/19 Rented $80,000 -20.0% --
12/17/2018 12/17/18 Price Changed $100,000 -16.7% $14 / Sq Ft
12/03/2018 12/03/18 Price Changed $120,000 -20.0% $17 / Sq Ft
11/21/2018 11/21/18 For Rent $150,000 0.0% --
10/05/2015 10/05/15 Sold $7,500,000 0.0% $1,785 / Sq Ft View Prior Sale
08/18/2015 08/18/15 Off Market $7,500,000 -- --
07/06/2015 07/06/15 For Sale $7,895,000 +7.4% $1,879 / Sq Ft
06/01/2015 06/01/15 Sold $7,350,000 -6.4% $1,750 / Sq Ft View Prior Sale
04/23/2015 04/23/15 Price Changed $7,850,000 -7.6% $1,869 / Sq Ft
11/24/2014 11/24/14 For Sale $8,495,000 -- $2,022 / Sq Ft
Source: The MLS

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 $156,548 $13,867,430 $10,936,460 $2,930,970
2024 $156,548 $13,595,520 $10,722,020 $2,873,500
2023 $153,645 $13,328,942 $10,511,785 $2,817,157
2022 $151,907 $13,067,591 $10,305,672 $2,761,919
2021 $148,386 $12,811,364 $10,103,600 $2,707,764
2019 $68,800 $5,836,644 $3,714,228 $2,122,416
2018 $65,357 $5,722,200 $3,641,400 $2,080,800
2016 $63,008 $5,500,000 $3,500,000 $2,000,000
2015 $59,341 $5,175,652 $3,992,647 $1,183,005
2014 -- $5,074,269 $3,914,437 $1,159,832
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-432714

The MLS

APN: 4470-026-022