$1,775,000
SOLD AUG 5, 2024
0.29 Acre
$6,143,994 Price per Acre
12,584 Sq Ft Lot

Recently Sold

9% Below List Price

29 Days on Market

About This Lot

As of August 2024

Imagine building your dream home in the heart of Malibu's enchanting coastal landscape. This rare, undeveloped flat lot on Broad Beach Road offers the perfect canvas for your seaside sanctuary. With deeded key access to a private gate leading directly to the beach, you'll enjoy an exclusive beachside lifestyle. Nestled among renowned multi-million dollar estates, this park-like property boasts unique charm and tranquility. It features an irregular shape, sharing property lines with three adjacent single-family residences. The Seafield Drive frontage stretches approximately 130+ feet, adorned with stately Monterey Cypress trees. On the Broad Beach side, the frontage spans approximately 50 feet, framed by mature trees and lush foliage, enhancing the natural beauty of the lot. From the Broad Beach end, catch a tantalizing glimpse of the ocean, with the potential for breathtaking full ocean views from an elevated first floor and second story of your future home. This exceptional property invites you to create a bespoke haven amidst Malibu's iconic scenery. Don't miss this chance to embrace a luxurious coastal lifestyle. Buyer to verify all information independently.

Last Agent to Sell the Property

Robert Howell

Keller Williams Beverly Hills License #01229400 Listed on: 06/03/2024

Keller Williams Beverly Hills

Co-Listed By

Violet Spring

Keller Williams Beverly Hills License #02219177

Last Buyer's Agent

Marko Babineau

Compass License #01349702

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,133

Lot Details

  • 0.29 Acre Lot
  • Property is zoned LCR1YY

Property Views

  • Mountain Views

Listing and Financial Details

  • Assessor Parcel Number 4470-025-042

Property Details

Property Type

Land

Est. Annual Taxes

$9,133

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.2889
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Tree Top, Mountains
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4470-025-042
  • Lot Size Area: 12586

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Jul 25, 2024
Sold by
Gabriel Robert A
Bought by
Galardi Karen
Seller's Agent
Robert Howell
Keller Williams Beverly Hills
Buyer's Agent
Marko Babineau
Compass
List Price
$1,950,000
Sold Price
$1,775,000
Premium/Discount to List
-$175,000
-8.97%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.70%

Purchase Details

Closed on
Dec 16, 2021
Sold by
Gabriel Family Trust
Bought by
Gabriel Robert A

Purchase Details

Closed on
Jan 27, 2010
Sold by
Gabriel Louise B
Bought by
Gabriel Louise B and Gabriel Trust

Purchase Details

Closed on
Oct 17, 1997
Sold by
Vanputten Florence M and The Vanputten Family Trust
Bought by
Gabriel Robert M and Gabriel Louise B
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $1,775,000 First American Title
Deed -- --
Interfamily Deed Transfer -- None Available
Grant Deed -- Equity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $1,600,000 -5.9% --
05/19/2025 05/19/25 For Sale $1,700,000 -4.2% --
08/05/2024 08/05/24 Sold $1,775,000 -9.0% --
07/02/2024 07/02/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $1,950,000 +9.9% --
06/28/2024 06/28/24 Off Market $1,775,000 -- --
06/17/2024 06/17/24 For Sale $1,950,000 +9.9% --
06/15/2024 06/15/24 Off Market $1,775,000 -- --
06/03/2024 06/03/24 For Sale $1,950,000 -- --
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 $9,133 $532,244 $532,244 --
2023 $11,887 $521,808 $521,808 $0
2022 $8,906 $511,577 $511,577 $0
2021 $10,479 $501,547 $501,547 $0
2020 $10,162 $496,405 $496,405 $0
2019 $10,228 $486,672 $486,672 $0
2018 $8,262 $477,130 $477,130 $0
2016 $8,019 $458,603 $458,603 $0
2015 $7,952 $451,715 $451,715 $0
2014 $7,811 $442,867 $442,867 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-399591

The MLS

APN: 4470-025-042