NOT LISTED FOR SALE

Estimated Value: $6,988,000 - $7,900,000

5 Beds
7 Baths
7,640 Sq Ft
$994/Sq Ft Est. Value

About This Home

Prepare to be captivated by this luxury ocean front estate of newer construction (2007) on an expansive half-acre parcel on the bluff w/breathtaking panoramic, unobstructed ocean views! No expense spared or detail overlooked, meticulously planned luxurious amenities blended w/convenience. 5 En Suite wings, plus artist quarters, walls of ocean view windows, the chef's kitchen is a culinary delight w/top of the line dual features (double stoves, ovens, dishwashers, sinks), large butler/pantry area, a media/library room, open family, living & dining areas with dramatic high ceilings and stunning architecture. An elevator for easy accessibility, solar panels, full home generator w/battery back up storage for seamless living, and a luxury sized patio w/outdoor kitchen amenities; pizza oven, BBQ's and breathtaking Pacific Ocean views. Built to entertain, ideal for intimate corporate retreats. Positively incredible on all accounts.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2011
Sold by
Assar Mahmud
Bought by
Assar Mahmud and Assar Joyce
Current Estimated Value
$7,593,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$690,132
Interest Rate
4.73%
Mortgage Type
Credit Line Revolving
Estimated Equity
$6,903,013

Purchase Details

Closed on
May 20, 2011
Sold by
Assar Joyce
Bought by
Assar Mahmud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$690,132
Interest Rate
4.73%
Mortgage Type
Credit Line Revolving
Estimated Equity
$6,903,013

Purchase Details

Closed on
Oct 23, 2003
Sold by
Burke James G and Burke Dian E
Bought by
Assar Mahmud and Assar Joyce

Purchase Details

Closed on
Nov 3, 2000
Sold by
Hartvickson Norman W and Hartvickson Alta M
Bought by
Burke James G and Burke Dian E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Assar Mahmud -- First American Title Company
Assar Mahmud -- First American Title Company
Assar Mahmud -- First American Title Company
Assar Mahmud $2,690,000 First American Title Co
Burke James G $2,900,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Assar Mahmud $1,000,000
Closed Assar Mahmud $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2025 01/13/25 Price Changed $8,000,000 -33.3% $1,047 / Sq Ft
10/25/2024 10/25/24 Price Changed $12,000,000 -0.7% $1,571 / Sq Ft
10/17/2024 10/17/24 Price Changed $12,089,000 -0.5% $1,582 / Sq Ft
10/09/2024 10/09/24 Price Changed $12,150,000 -0.4% $1,590 / Sq Ft
09/30/2024 09/30/24 Price Changed $12,199,000 -0.4% $1,597 / Sq Ft
09/18/2024 09/18/24 Price Changed $12,250,000 -2.0% $1,603 / Sq Ft
06/13/2024 06/13/24 For Sale $12,500,000 -- $1,636 / Sq Ft

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 $62,646 $5,800,678 $3,696,676 $2,104,002
2023 $61,675 $5,575,432 $3,553,130 $2,022,302
2022 $60,577 $5,466,108 $3,483,460 $1,982,648
2021 $59,482 $5,358,928 $3,415,156 $1,943,772
2020 $58,575 $5,303,980 $3,380,138 $1,923,842
2019 $57,559 $5,199,982 $3,313,862 $1,886,120
2018 $56,082 $5,098,020 $3,248,884 $1,849,136
2017 $55,658 $4,998,058 $3,185,180 $1,812,878
2016 $54,194 $4,900,058 $3,122,726 $1,777,332
2015 $54,025 $4,826,454 $3,075,820 $1,750,634
2014 $52,841 $4,731,910 $3,015,568 $1,716,342
Source: Public Records

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