NOT LISTED FOR SALE

Estimated Value: $8,986,000 - $9,907,000

5 Beds
5 Baths
5,509 Sq Ft
$1,744/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $7,650,000 $1,389 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $58,863/month

20 Days on Market

Highlights

  • Coastline Views
  • Pool House
  • Dining Room with Fireplace
  • Malibu Elementary School Rated A
  • Auto Driveway Gate
  • Contemporary Architecture

About This Home

As of October 2023

STOP the search! You've arrived. Brand new construction of this Malibu Park architectural masterpiece, spread over an impressive 1.6-acre lot, has just been completed. OBVIOUS: Drive to the top of the hill and into your private driveway, pick a parking forecourt, you have two to choose from! Enter through the huge oak pivot front door and you are greeted by panoramic ocean views showcasing Point Dume, Catalina Island and Zuma Beach. This level boasts an enormous white oak chef's kitchen with the obligatory Wolf & Sub-Zero appliances. The views only get better as you approach your dining room and out onto your adjacent wrap around deck, with alfresco dining area, outdoor kitchen and limestone clad fireplace. Back inside another fireplace sets the tone for the living room with Juliette balconies & view of the ocean & Santa Monica mountains. A beautiful en-suite bedroom with deck & a private office finish off the main level before leading you to a floating oak staircase down to the lower level. Downstairs two more bedrooms, each with exquisite en-suites dressed in Italian tile & Hansgrohe fixtures are found at the end of the wide-open hallway along with a large laundry with ample. Last, but not least, enter your 1,200 sq/ft primary suite with cedar clad ceiling, separate living room and more breathtaking panoramic ocean views. Did we mention the 500sq/ft closet reminiscent of one of Rodeo drive haute couture stores, boasting double islands, makeup station and mirrored glam room wall. Finally look upon the primary en-suite that is a true masterpiece, 12ft double vanity, incredible fully body jet shower stall bathed in Italian porcelain stone and a freestanding tub looking out to Point Dume. SEALS THE DEAL: The grounds are no less impressive; double garage & gym lead you across a graveled courtyard down secret garden steps to the poolside oasis with yet another outdoor kitchen, multiple sunbathing platforms and a resort style 48' x 22' pool and spa. And, if that's not enough, gaze upon a fully built in Airstream with two queen size beds, kitchenette and Ipe deck. Do not miss this truly magical Malibu Hills home.

Last Agent to Sell the Property

Dougal Murray

Keller Williams Studio City License #02027138 Listed on: 12/14/2022

Keller Williams Studio City

Co-Listed By

Jonathan Waud

Keller Williams Studio City License #02050666

Last Buyer's Agent

Diana Bzdyk

Compass License #02132195

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,530

Year Built

  • Built in 2022

Lot Details

  • 1.54 Acre Lot
  • Lot Dimensions are 160x420
  • Property is zoned LCRA1*

HOA Fees

  • $100 Monthly HOA Fees

Property Views

  • Coastline
  • Panoramic
  • Canyon
  • Mountain
  • Pool

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,509 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room
  • Dining Room with Fireplace
  • Home Office
  • Utility Room
  • Home Gym

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Porcelain Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 14 Car Attached Garage
  • Parking Deck
  • Gravel Driveway
  • Auto Driveway Gate
  • Guest Parking

Pool

  • Pool House
  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Pool Cover

Outdoor Features

  • Open Patio
  • Fire Pit
  • Outdoor Grill

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 4469-005-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,530

Year Built

Built in 2022

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 5509
  • Lot Acreage: 1.5424
  • Lot Dimensions: 160x420
  • Probate: No
  • Stories: 2
  • Year Built: 2022
  • Number Of Photos: 60
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Dining, Fire Pit
  • Flooring: Hardwood, Porcelain
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Laundry Area, Room
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Barbeque, Built-Ins, Dishwasher, Freezer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Ice Maker, Microwave, Water Line to Refrigerator, Vented Exhaust Fan, Refrigerator, Range/Oven
  • Price Per S Q F T: 1388.64

Exterior Features

  • Other Structures: Pool House, Other
  • Pool Description: Pool Cover, In Ground, Heated with Gas
  • Pool: Yes
  • Spa: In Ground, Hot Tub, Heated with Gas
  • Spa Yn: Yes
  • View: Coastline, Pool, Canyon, Mountains, Panoramic
  • View: Yes

Garage/Parking

  • Parking Garage: Covered Parking, Deck(s), Driveway Gate, Garage - 2 Car, Garage Is Detached, Gated, Driveway, Driveway - Gravel, Parking for Guests, Parking for Guests - Onsite
  • Total Parking: 14

Utilities

  • Cooling: Air Conditioning
  • Heating: Forced Air

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 100.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4469-005-011
  • Lot Size Area: 67185

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2023
Sold by
Horizon Malibu Llc
Bought by
5250 Horizon Drive Llc
Current Estimated Value
$9,304,144

Purchase Details

Listed on
Jul 6, 2020
Closed on
Sep 1, 2020
Sold by
5250 Horizon Llc
Bought by
Horizon Malibu Llc
Seller's Agent
Mary Ellen Sherry
Sotheby's International Realty
Buyer's Agent
Dougal Murray
Keller Williams Studio City
List Price
$2,250,000
Sold Price
$2,000,000
Premium/Discount to List
-$250,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.02%
Original Mortgage
$3,000,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2017
Sold by
Mcpartlin Timothy L
Bought by
5250 Horizon Llc

Purchase Details

Closed on
May 8, 2013
Sold by
Mcpartlin Timothy L
Bought by
Mcpartlin Timothy L and Mcpartlin Joanna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Mcpartlin Timothy L and Mcpartlin Joanna G
Bought by
Mcpartlin Timothy L

Purchase Details

Closed on
Feb 15, 2003
Sold by
Fergusson Marjorie P and The Horizon Properties Trust
Bought by
Mcpartlin Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 2, 1994
Sold by
Ricciardone Dominic and Ricciardone Lucy
Bought by
Fergusson Donald
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
5250 Horizon Drive Llc $7,650,000 Lawyers Title
Horizon Malibu Llc $2,000,000 Equity Title Los Angeles
5250 Horizon Llc -- None Available
Mcpartlin Timothy L -- Old Republic Title Company
Mcpartlin Timothy L -- Old Republic Title Company
Mcpartlin Timothy L -- --
Mcpartlin Timothy $2,055,000 Chicago Title Co
Fergusson Donald $1,067,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5250 Horizon Drive Llc $4,972,500
Previous Owner Horizon Malibu Llc $3,000,000
Previous Owner Mcpartlin Timothy L $1,900,000
Previous Owner Mcpartlin Timothy L $500,000
Previous Owner Mcpartlin Timothy L $1,080,000
Previous Owner Mcpartlin Timothy L $1,092,000
Previous Owner Mcpartlin Timothy L $1,102,000
Previous Owner Mcpartlin Timothy L $500,000
Previous Owner Mcpartlin Timothy $250,000
Previous Owner Mcpartlin Timothy $200,000
Previous Owner Mcpartlin Timothy $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $7,650,000 0.0% $1,389 / Sq Ft
01/03/2023 01/03/23 Pending -- -- --
12/14/2022 12/14/22 For Sale $7,650,000 +282.5% $1,389 / Sq Ft
09/15/2020 09/15/20 Sold $2,000,000 -11.1% $462 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $2,250,000 0.0% $520 / Sq Ft
05/12/2018 05/12/18 Rented $14,900 0.0% --
11/14/2017 11/14/17 Price Changed $14,900 -6.6% $3 / Sq Ft
09/27/2017 09/27/17 Price Changed $15,950 -6.2% $4 / Sq Ft
07/19/2017 07/19/17 For Rent $17,000 -- --
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 $88,530 $7,803,000 $6,120,000 $1,683,000
2024 $88,530 $7,650,000 $6,000,000 $1,650,000
2023 $20,568 $1,712,522 $1,712,413 $109
2022 $20,276 $1,678,944 $1,678,837 $107
2021 $19,851 $1,646,024 $1,645,919 $105
2020 $19,617 $1,629,147 $1,629,043 $104
2019 $19,340 $1,597,203 $1,597,101 $102
2018 $30,337 $2,615,793 $1,565,786 $1,050,007
2016 $29,212 $2,514,221 $1,504,986 $1,009,235
2015 $28,820 $2,476,456 $1,482,380 $994,076
2014 $28,418 $2,427,947 $1,453,343 $974,604
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-225064

The MLS

APN: 4469-005-011