NOT LISTED FOR SALE

32008 Pacific Coast Hwy Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $3,061,000 - $3,791,000

2 Beds
2.5 Baths
2,223 Sq Ft
$1,571/Sq Ft Est. Value

Highlights

  • Beach Front
  • White Water Ocean Views
  • Cabana
  • Malibu Elementary School Rated A
  • Property has ocean access
  • Oceanside

About This Home

As of November 2022

A Malibu treasure, this pre mid-century modern home has never been leased in its 85-year history. In a magical oceanfront setting above El Matador Beach, the property spans over 1.8 acres with approximately 130 feet of private beach frontage. Custom designed for Cornelia Runyon by architect Heth Wharton and occupied by four generations of the Runyon family, the house has been fully renovated to preserve the beauty and charm of the original residence with the updated conveniences of a 21st-century lifestyle. Today, the owners, well known as the owners of The Old Place, reside part-time in the property's detached guest house. Set behind gates and exceedingly private, the main house is known for its history of glamorous entertaining, with guest lists that included Cecil B. DeMille, Steve McQueen, Sam Peckinpah, and many other artists and intellectuals. The grounds offer ample parking for up to 40 cars as well as room for congenial indoor-outdoor entertaining. With its distinctive mid-century style, the house is open and very comfortable, with wood plank and beam ceilings and all-original hardwood floors. The spacious living/dining room has very high ceilings, soffit lighting, clerestory windows, a fireplace, stunning artwork by Barbara Runyon, and doors opening onto one of the home's picturesque ocean-view patios. The skylight kitchen, beautifully updated, has a large island with bar seating, quartzite countertops, generous cabinet and counter space, top-grade appliances, and a pantry. The home's three bedrooms include a lovely, bright guest bedroom with a separate entrance; the porch-like, ocean-view "bunk room," which has built-in corner bunks, a huge sitting area, and windows all along two sides; and the primary suite, with cathedral ceilings, clerestory windows, a fireplace, custom closet, ocean views, and an ocean-view bathroom. At the back of the house, facing the amazing ocean and island views, there are several lighted patios for barbecues, al fresco dining, gatherings, and relaxation, plus a counter with bar seating. There is an outdoor shower and soaking tub with ocean views, a beach powder room, a fire pit, and steps to the sand, where a vintage palapa provides the perfect spot for cocktails and sunset watching. With numerous smart-home features, including multizone air conditioning, and enormous charm, this Malibu estate is loaded with history, character, and harmonious comfort. Rate listed if for the long term. Call for the short-term rate (three months minimum).

Last Agent to Rent the Property

Chris Cortazzo

Compass License #01190363 Listed on: 07/08/2022

Compass

Last Renter's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 07/08/2022

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,656

Year Built

  • Built in 1940

Lot Details

  • 1.81 Acre Lot
  • Lot Dimensions are 98x821
  • Beach Front
  • Property fronts a private road
  • Fenced Yard
  • Back and Front Yard
  • Historic Home
  • Property is zoned LCRA75

Property Views

  • White Water Ocean
  • Coastline
  • City Lights
  • Mountain

Home Design

  • Midcentury Modern Architecture
  • Turnkey

Interior Spaces

  • 2,223 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Skylights in Kitchen
  • Recessed Lighting
  • French Doors
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Area
  • Bonus Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Oven
  • Range with Range Hood
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Jack-and-Jill Bathroom
  • Powder Room
  • Double Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 40 Parking Spaces
  • Driveway
  • Automatic Gate
  • Guest Parking
  • On-Street Parking
  • Uncovered Parking
  • Unassigned Parking

Outdoor Features

  • Cabana
  • Property has ocean access
  • Oceanside
  • Balcony
  • Open Patio
  • Fire Pit
  • Outdoor Grill

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Floor Furnace
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Tankless Water Heater
  • Water Purifier
  • Septic Tank

Listing and Financial Details

  • Security Deposit $80,000
  • Tenant pays for electricity, cable TV, gas, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 4473-012-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,656

Year Built

Built in 1940

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Lease Option: 1
  • Security Deposit: 80000
  • Tenant Pays: Electricity, Cable TV, Gas, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Mid-Century
  • Single Family Or Apt: Single Family
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Foyer
  • Lease Terms: 1-Year
  • Living Area: 2223
  • Lot Acreage: 1.8053
  • Lot Dimensions: 98x821
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Beamed Ceiling(s), Built-Ins, Furnished, High Ceilings (9 Feet+), Detached/No Common Walls, Turnkey, Recessed Lighting
  • Fireplace Rooms: Fire Pit, Living Room, Master Bedroom
  • Flooring: Wood, Tile
  • Appliances: Oven, Built-Ins, Range, Range Hood
  • Bedrooms: 2
  • Fireplaces: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Stall, Double Shower, Tile, Dual Entry (Jack & Jill) Bath, Remodeled, Powder Room
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area, In Kitchen, Kitchen Island
  • Kitchen Features: Island, Stone Counters, Skylight(s)
  • Laundry: Inside, Room
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Water Filter, Washer, Refrigerator, Range/Oven, Ice Maker, Water Line to Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 13.50
  • Windows: Skylights, French Windows

Exterior Features

  • Other Features: Balcony, Historical, High Ceilings (9 Feet+), French Doors
  • Other Structures: Cabana
  • Tennis Court Y/N: No
  • Patio: Patio Open, Covered
  • Pool: No
  • Spa Yn: No
  • View: City Lights, Coastline, Water, White Water, Ocean, Mountains
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Parking Garage: Driveway, On street, Parking for Guests, Parking for Guests - Onsite, Parking Space, Garage - None, Uncovered, Unassigned
  • Total Parking: 40

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Wall Unit(s)
  • Heating: Wall, Floor, Radiant
  • Security: Automatic Gate, Smoke Detector
  • Sewer: Septic Tank
  • Water: District

Association/Amenities

  • Pet Rules: Call

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4473-012-014
  • Lot Description: Automatic Gate, Back Yard, Fenced Yard, Front Yard, Street Paved
  • Lot Location: Beach Front, Beach Access, Ocean Side Of Highway 1, Ocean Access, Ocean Front, Private Road
  • Lot Size Area: 78639

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2023
Sold by
Runyon Morgan Jacob
Bought by
Runyon Land Family Trust and Runyon
Current Estimated Value
$3,874,120

Purchase Details

Closed on
Aug 27, 2021
Sold by
Runyon Frances Mary
Bought by
Runyon Morgan Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,250,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2021
Sold by
Haines Alessandra Runyon and Haines Steven Carver
Bought by
Runyon Morgan Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,250,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2013
Sold by
Runyon Barbara
Bought by
Haines Alessandra Runyon and Haines Steven Carver

Purchase Details

Closed on
Dec 22, 2009
Sold by
Runyon Barbara and Runyon Trust
Bought by
Runyon Morgan Jacob
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 Buyer Sale Price Title Company
Runyon Land Family Trust -- None Listed On Document
Runyon Morgan Jacob -- Accommodation
Runyon Morgan Jacob -- Accommodation
Runyon Morgan Jacob -- Accommodation
Haines Alessandra Runyon -- None Available
Runyon Morgan Jacob -- None Available
Runyon Morgan Jacob -- None Available
Haines Alessandra Runyon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Runyon Morgan Jacob $4,250,000
Previous Owner Runyon Thomas M $56,000
Previous Owner Runyon Thomas $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Rented $40,000 +33.3% --
09/08/2022 09/08/22 Price Changed $30,000 -25.0% $13 / Sq Ft
07/08/2022 07/08/22 For Rent $40,000 -- --
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
2025 $7,656 $578,420 $456,014 $122,406
2024 $7,656 $567,079 $447,073 $120,006
2023 $7,477 $555,960 $438,307 $117,653
2022 $7,255 $545,060 $429,713 $115,347
2021 $7,148 $534,374 $421,288 $113,086
2020 $7,106 $528,896 $416,969 $111,927
2019 $7,003 $518,527 $408,794 $109,733
2018 $6,552 $508,361 $400,779 $107,582
2016 $6,290 $488,622 $385,217 $103,405
2015 $6,206 $481,283 $379,431 $101,852
2014 $6,171 $471,856 $371,999 $99,857
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-175783

The MLS

APN: 4473-012-014