NOT LISTED FOR SALE

5243 Horizon Dr Malibu, CA 90265

Estimated Value: $4,835,000 - $7,585,000

5 Beds
5 Baths
3,271 Sq Ft
$1,820/Sq Ft Est. Value

Last Sold January 06, 2015

Last sale price $4,030,000 $1,232 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $33,789/month

173 Days on Market

Highlights

  • Ocean View
  • Barn
  • Room in yard for a pool
  • Malibu Elementary School Rated A
  • Gated Parking
  • Living Room with Fireplace

About This Home

As of January 2015

UNPRECEDENTED, SWEEPING WHITEWATER OCEAN VIEWS!!! This extremely rare offering is one of the most unique opportunities in the City of Malibu - TWO homes on TWO separate lots; being sold together. Perched on a hill above Malibu Park at the end of a cul-de-sac, this is the perfect location to be close to everything, yet offering complete privacy and those breathtaking views. In other words, it is "as close to heaven as you can get!" Each home is ready for your inspiration to take over and transform as they both have yet to see their true potential. The larger of the two homes at 5243 Horizon is approximately 5,000 square feet on 1~acre, while the second property, at 5247 Horizon, is approximately 2,200 square feet on 1.8~ acres. Create a master compound, or develop two separate residences (each with their own septic & SOWP). Endless views with endless opportunities; once finished, each could be sold separately. Investors must see!

Last Agent to Sell the Property

Madison Hildebrand

Compass License #01413280 Listed on: 03/28/2014

Compass

Co-Listed By

Jennifer Chrisman

Compass License #01325526

Last Buyer's Agent

Brian Merrick

Coldwell Banker Realty License #01204107

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 2.8 Acre Lot
  • Gated Home
  • Property is zoned LCRA1*

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Canyon

Interior Spaces

  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Den

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway
  • Gated Parking

Outdoor Features

  • Room in yard for a pool
  • Enclosed Glass Porch

Farming

  • Barn

Utilities

  • Central Heating
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4469-005-027

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

2.8 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Lot Acreage: 2.8000
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1972
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Marble, Tile
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 5.00
  • Equipment: Cable, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer

Exterior Features

  • Tennis Court: Room For
  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Canyon, City Lights, Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Attached, Driveway, Garage, Garage - 2 Car, Garage - 3 Car, Garage Is Attached, Gated, Private
  • Total Parking: 10

Utilities

  • Heating: Central
  • Security: Gated
  • Sewer: On Site, Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4469-005-027
  • Geocode Override: No
  • Lot Size Area: 122424

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2018
Sold by
Taite Richard Loren
Bought by
5243 5247 Horizon Drive Llc
Current Estimated Value
$5,954,557

Purchase Details

Closed on
Oct 29, 2015
Sold by
Taite Richard Loren
Bought by
Taite Richard Loren and Taite Trust

Purchase Details

Closed on
Oct 6, 2014
Sold by
Ricciardone Dominic
Bought by
Taite Richard Loren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2012
Sold by
Ricciardone Dominic
Bought by
Ricciardone Dominic and Ricciardone Lucy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2003
Sold by
Ricciardone Dominic
Bought by
Ricciardone Dominic and Ricciardone Lucy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$963,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2002
Sold by
Ricciardone Dominic
Bought by
Ricciardone Dominic and Ricciardone Lucy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,500
Interest Rate
6.7%

Purchase Details

Closed on
Nov 6, 1999
Sold by
Ricciardone Dominic
Bought by
Ricciardone Dominic and Ricciardone Lucy

Purchase Details

Closed on
Feb 20, 1996
Sold by
Rancho Corona
Bought by
Ricciardone Dominic and Ricciardone Lucy

Purchase Details

Closed on
Dec 11, 1994
Sold by
Fergusson Donald
Bought by
Ricciardone Dominic and Ricciardone Lucy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
5243 5247 Horizon Drive Llc -- None Available
Taite Richard Loren -- None Available
Taite Richard Loren $4,030,000 Lawyers Title
Ricciardone Dominic -- Lsi
Ricciardone Dominic -- Fidelity National Title Co
Ricciardone Dominic -- Lawyers Title Company
Ricciardone Dominic -- Lawyers Title
Ricciardone Dominic -- --
Ricciardone Dominic $10,000 Continental Land Title
Ricciardone Dominic -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taite Richard Loren $2,800,000
Previous Owner Ricciardone Dominic $714,000
Previous Owner Ricciardone Dominic $963,000
Previous Owner Ricciardone Dominic $960,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2015 01/06/15 Sold $4,030,000 -10.4% $1,232 / Sq Ft
09/17/2014 09/17/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $4,500,000 +11.7% $1,376 / Sq Ft
09/01/2014 09/01/14 Off Market $4,030,000 -- --
03/28/2014 03/28/14 For Sale $4,500,000 -- $1,376 / Sq Ft
Source: The MLS

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 $38,477 $3,305,080 $2,644,068 $661,012
2024 $38,477 $3,240,275 $2,592,224 $648,051
2023 $37,748 $3,176,742 $2,541,397 $635,345
2022 $37,260 $3,114,454 $2,491,566 $622,888
2021 $36,370 $3,053,387 $2,442,712 $610,675
2020 $36,164 $3,022,079 $2,417,665 $604,414
2019 $35,666 $2,962,823 $2,370,260 $592,563
2018 $33,656 $2,904,730 $2,323,785 $580,945
2016 $32,407 $2,791,937 $2,233,550 $558,387
2015 $9,384 $764,933 $265,712 $499,221
2014 $9,271 $749,950 $260,508 $489,442
Source: Public Records

Agents Affiliated with this Home

  • Madison Hildebrand

    Seller's Agent in 2015

    Madison Hildebrand

    Compass

    (310) 818-5788

    55 Total Sales

    Madison Hildebrand
    Section Image
  • Jennifer Chrisman

    Seller Co-Listing Agent in 2015

    Jennifer Chrisman

    Compass

    (310) 818-5788

    46 Total Sales

    Jennifer Chrisman
    Section Image
  • Brian Merrick

    Buyer's Agent in 2015

    Brian Merrick

    Coldwell Banker Realty

    (310) 383-4336

    32 Total Sales

    Brian Merrick
    Section Image
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Map

Source: The MLS

MLS Number: 14-748217

The MLS

APN: 4469-005-027

California Los Angeles County Malibu 90265

5243 Horizon Dr, Malibu, CA

Not Listed for Sale

Detached

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