$949,999
$50K PRICE DROP

31851 Sea Level Dr Unit 2 Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated payment $5,932/month

Total Views 81,980
3 Beds
4 Baths
2,906 Sq Ft
$327 Price per Sq Ft

Highlights

  • Ocean View
  • Home Theater
  • Midcentury Modern Architecture
  • Malibu Elementary School Rated A
  • Filtered Pool
  • Fireplace in Primary Bedroom

About This Home

New Co-Ownership Opportunity: Own one-eighth of this professionally managed, turnkey home. Allure appeals to the senses: See this tasteful home's compelling modern lines, touch the beautiful interior elements, smell and hear the ocean breezes. The home, just steps from the beach, offers ocean views, a home theater and an infinity pool. The living room has a gas fireplace, beamed ceilings and sliding glass pocket doors framing the view. The gourmet kitchen offers high-end appliances, an island and breakfast bar, and access to a deck for grilling. Doors in the formal dining room reveal the pool deck, hot tub and fire pit. The primary suite has a fireplace, a walk-in closet and sliding glass pocket doors to a private garden. The en suite bathroom includes an elegant dual-sink vanity and steam shower. Downstairs is the state-of-the-art home theater with projection screen, two guest rooms with en suite bathrooms, and an office/flex space. The home comes fully furnished and professionally decorated.

Listing Agent

Jacob Karp

Pacaso Inc. License #02039254 Listed on: 02/07/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89,829

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 7,386 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Canyon
  • Pool

Home Design

  • Midcentury Modern Architecture
  • Split Level Home

Interior Spaces

  • 2,906 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Home Theater
  • Home Office
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas and Electric Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Steam Shower

Laundry

  • Laundry closet
  • Dryer

Pool

  • Filtered Pool
  • In Ground Pool
  • Heated Spa
  • Above Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Deck
  • Built-In Barbecue

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$89,829

Year Built

Built in 1974 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Mid-Century
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Mid Level
  • Living Area: 2906
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1974
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Furnished
  • Fireplace Rooms: Gas, Living Room, Primary Bedroom
  • Flooring: Hardwood
  • Appliances: Built-In BBQ, Gas, Gas/Electric Range, Microwave, Oven-Gas, Range Hood
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area, Kitchen Island
  • Laundry: In Closet
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Barbeque
  • Fireplace: Yes
  • Price Per S Q F T: 326.91

Exterior Features

  • Other Features: Balcony, Barbecue Private
  • Other Structures: Other
  • Patio: Deck(s)
  • Pool Description: Filtered, Waterfall, In Ground, Private
  • Pool: Yes
  • Spa: Above Ground, Heated, Private
  • Spa Yn: Yes
  • View: Canyon, Ocean, Pool
  • View: Yes

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Forced Air, Natural Gas

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 7386

Rental Info

  • Furnished: Furnished
  • Land Lease Purchase Yn: No

Map

Range of Values:

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Value Increase
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Percent Increase
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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

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 $89,829 $7,932,528 $6,346,023 $1,586,505
2024 $89,829 $7,776,990 $6,221,592 $1,555,398
2023 $88,219 $7,624,500 $6,099,600 $1,524,900
2022 $63,418 $5,414,619 $4,288,808 $1,125,811
2021 $61,934 $5,308,451 $4,204,714 $1,103,737
2019 $60,732 $5,151,000 $4,080,000 $1,071,000
2018 $38,700 $3,366,000 $2,550,000 $816,000
2016 $40,165 $3,488,309 $2,942,610 $545,699
2015 $39,625 $3,435,913 $2,898,410 $537,503
2014 $39,022 $3,368,610 $2,841,635 $526,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 Price Changed $949,999 -5.0% $327 / Sq Ft
02/07/2025 02/07/25 For Sale $999,999 -- $344 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $7,475,000 Fidelity National Title
Grant Deed $5,050,000 Fidelity National Title Com
Grant Deed $3,300,000 Title 365
Trustee Deed $601,000 Stewart Title Of California
Trustee Deed $601,000 Stewart Title Of California
Grant Deed -- None Available
Interfamily Deed Transfer -- Title 365
Interfamily Deed Transfer -- None Available
Grant Deed $2,900,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $4,875,000 Construction
Previous Owner $3,535,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,800,000 Purchase Money Mortgage
Previous Owner $880,000 Purchase Money Mortgage
Previous Owner $42,000 Purchase Money Mortgage
Previous Owner $2,175,000 New Conventional
Source: Public Records

Source: The MLS

MLS Number: 25495737

The MLS

APN: 4470-026-028

California Los Angeles County Malibu 90265 Encinal Bluffs

31851 Sea Level Dr Unit 2, Malibu, CA

For Sale

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Nearby Homes
Listing Agent
Jacob Karp
Pacaso Inc.