NOT LISTED FOR SALE

3989 Villa Costera Malibu, CA 90265

Estimated Value: $5,115,000 - $7,182,000

3 Beds
2.5 Baths
2,304 Sq Ft
$2,557/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $4,890,000 $2,122 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $36,343/month

141 Days on Market

Highlights

  • Ocean View
  • Spa
  • Contemporary Architecture
  • Webster Elementary School Rated A
  • Gated Parking
  • Living Room with Fireplace

About This Home

As of December 2021

This rare, two-story, gated contemporary home is located on a private bluff in one of the most exclusive neighborhoods in Malibu. The resort-like setting overlooks the surf and coastline along the Queens Necklace and beyond to Catalina. In addition to a private primary suite, there are two large bedrooms, one-and-a-half bathrooms and a media room. In addition, a freshly updated Wolf/Sub-Zero chefs kitchen features custom finishes and natural quartzite countertops.Beautifully manicured on over an acre, the offering comes with permit-ready plans for a two-story guest studio totaling over 2,000 square feet. Also included are plans for an additional 750 square feet of decks, all with expansive whitewater ocean views. The home comes with deeded rights to the renowned La Costa Beach and Tennis Club.

Last Agent to Sell the Property

Anthony Barsocchini

The Beverly Hills Estates License #01740716 Listed on: 05/20/2021

The Beverly Hills Estates

Co-Listed By

Sandro Dazzan

The Agency License #01418033

Last Buyer's Agent

Anthony Barsocchini

The Beverly Hills Estates License #01740716 Listed on: 05/20/2021

The Beverly Hills Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,513

Year Built

  • Built in 1957

Lot Details

  • 1.35 Acre Lot
  • Property is zoned LCA11*

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,304 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Ceramic Tile Flooring
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Gated Parking
  • Guest Parking

Outdoor Features

  • Spa
  • Stone Porch or Patio

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4451-011-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,513

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 2304
  • Probate: No
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 50
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Ceramic Tile
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 2471.79

Exterior Features

  • Other Structures: None
  • Patio: Rock/Stone
  • Pool: No
  • Spa Yn: Yes
  • View: Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Gated, Garage - 2 Car, Parking for Guests, Driveway - Concrete
  • Total Parking: 4

Utilities

  • Heating: Central
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4451-011-011
  • Lot Size Area: 58700

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Oct 11, 2021
Sold by
Rem Gerard
Bought by
Weisbecker Miriam
Seller's Agent
Anthony Barsocchini
The Beverly Hills Estates
Buyer's Agent
Anthony Barsocchini
The Beverly Hills Estates
List Price
$5,695,000
Sold Price
$4,890,000
Premium/Discount to List
-$805,000
-14.14%
Current Estimated Value
$5,890,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,000,504
Avg. Annual Appreciation
3.69%
Original Mortgage
$3,423,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2016
Sold by
Klein Michael
Bought by
Klein Michael L and Michael L Klein Trust

Purchase Details

Closed on
Nov 12, 2014
Sold by
Klein Michelle
Bought by
Klein Michael

Purchase Details

Closed on
Jun 26, 2013
Sold by
Klein Michelle
Bought by
Klein Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2011
Sold by
Klein Michael L
Bought by
Klein Michael L and Klein Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 18, 2010
Sold by
Klein Michelle M
Bought by
Klein Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,000
Interest Rate
4.35%
Mortgage Type
New Conventional
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
Weisbecker Miriam -- Equity Title Los Angeles
Weisbecker Miriam $4,890,000 Equity Title Los Angeles
Klein Michael L -- None Available
Klein Michael -- None Available
Klein Michael L -- First American Title Company
Klein Michael L -- None Available
Klein Michael L -- Lsi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weisbecker Miriam $3,423,000
Previous Owner Klein Michael L $1,000,000
Previous Owner Klein Michael L $494,000
Previous Owner Klein Michael L $750,000
Previous Owner Klein Michael L $575,000
Previous Owner Klein Michael L $588,000
Previous Owner Klein Michael L $500,000
Previous Owner Klein Michael L $596,000
Previous Owner Klein Michael L $610,000
Previous Owner Klein Michael L $250,000
Previous Owner Klein Michael L $650,000
Previous Owner Klein Michael L $650,000
Previous Owner Klein Michael L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $4,890,000 -14.1% $2,122 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $5,695,000 -- $2,472 / 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
2025 $59,513 $5,600,305 $4,151,444 $1,448,861
2024 $59,513 $5,087,555 $4,070,044 $1,017,511
2023 $58,405 $4,987,800 $3,990,240 $997,560
2022 $57,689 $4,890,000 $3,912,000 $978,000
2021 $8,101 $602,452 $393,446 $209,006
2019 $7,943 $584,584 $381,777 $202,807
2018 $7,407 $573,123 $374,292 $198,831
2016 $7,039 $550,869 $359,758 $191,111
2015 $6,945 $542,596 $354,355 $188,241
2014 $6,884 $531,968 $347,414 $184,554
Source: Public Records

Agents Affiliated with this Home

  • Anthony Barsocchini

    Seller's Agent in 2021

    Anthony Barsocchini

    The Beverly Hills Estates

    (310) 383-2219

    17 Total Sales

    Anthony Barsocchini
    Section Image
  • Sandro Dazzan

    Seller Co-Listing Agent in 2021

    Sandro Dazzan

    The Agency

    (310) 435-7556

    96 Total Sales

    Sandro Dazzan
    Section Image
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Map

Source: The MLS

MLS Number: 21-734666

The MLS

APN: 4451-011-011

California Los Angeles County Malibu 90265

3989 Villa Costera, Malibu, CA

This home is located at 3989 Villa Costera, Malibu, CA 90265 since 20 May 2021 and is currently estimated at $5,890,504, approximately $2,556 per square foot. This property was built in 1957. 3989 Villa Costera is a home located in Los Angeles County with nearby schools including Webster Elementary School, Malibu Middle School, and Malibu High School.

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