NOT LISTED FOR SALE

5524 Murphy Way Malibu, CA 90265

Santa Monica Mountains Neighborhood

Estimated Value: $762,000 - $3,073,000

2 Beds
2 Baths
1,300 Sq Ft
$1,809/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $2,800,000 $2,154 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $12,687/month

181 Days on Market

Highlights

  • Ocean View
  • Horse Property Unimproved
  • 40.32 Acre Lot
  • Webster Elementary School Rated A
  • In Ground Pool
  • Hilltop Location

About This Home

As of June 2024

For the first time ever on the market is this original legacy Malibu rancho. The final piece of property in the Murphy Way namesake legacy of Dudley Murphy, this offering is 3 tax parcels totaling approximately 40 Acres in the sought after Winding Way neighborhood. Only minutes to PCH there are unobstructed views of Santa Monica Bay, Catalina Island and beyond. In addition to the original fire damaged home and whimsical artistic structures on site there are several developable areas that are secluded and tranquil. Improve or re-imagine your own private rancho. **Do not go direct appointment only no access without Agent

Last Agent to Sell the Property

Brian Merrick

Coldwell Banker Realty License #01204107 Listed on: 02/14/2023

Coldwell Banker Realty

Co-Listed By

Sally Morales

Coldwell Banker Realty License #01308105

Last Buyer's Agent

Lisa Saver

Sotheby's International Realty License #01203202

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 40.32 Acre Lot
  • Property fronts a private road
  • Property Near a Canyon
  • South Facing Home
  • Secluded Lot
  • Hilltop Location
  • Value in Land
  • Tear Down
  • Property is zoned LCA11*

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Woods
  • Trees
  • Canyon
  • Creek or Stream
  • Mountain

Home Design

  • Major Repairs Completed
  • Block Foundation
  • Interior Block Wall
  • Concrete Roof

Interior Spaces

  • 1,300 Sq Ft Home
  • Living Room with Fireplace
  • Concrete Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Pool

  • In Ground Pool

Horse Facilities and Amenities

  • Horse Property Unimproved
  • Horses Allowed On Property

Utilities

  • Overhead Utilities
  • Property is located within a water district
  • Septic Tank

Community Details

  • No Home Owners Association
  • Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 4465-004-023

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Unknown
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 1300
  • Lot Acreage: 40.3200
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Repairs Major, Tear Down, Value Mainly In Land
  • Year Built: 2002
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Block Walls
  • Fireplace Rooms: Living Room
  • Flooring: Cement
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Total Bathrooms: 2.00
  • Fireplace: Yes
  • Price Per S Q F T: 2307.69

Exterior Features

  • Direction Faces: South
  • Construction: Block
  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Foundation Details: Block
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Roof: Concrete
  • Spa Yn: No
  • View: Canyon, City Lights, Coastline, Creek/Stream, Mountains, Ocean, Panoramic, Trees/Woods, Tree Top, Water
  • View: Yes

Utilities

  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: Yes
  • Assessor Parcel Number: 4465-004-023
  • Lot Description: Horse Property Unimproved, Secluded, Tear Down On Lot, Utilities - Overhead, Value In Land
  • Lot Location: Canyon, Greenbelt, Private Road, Hilltop
  • Lot Size Area: 1752546

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2023
Closed on
Jun 13, 2024
Sold by
Palethorpe Jillian
Bought by
Greene Sparky
Seller's Agent
Brian Merrick
Coldwell Banker Realty
Buyer's Agent
Lisa Saver
Sotheby's International Realty
List Price
$3,000,000
Sold Price
$2,800,000
Premium/Discount to List
-$200,000
-6.67%
Views
593
Current Estimated Value
$2,351,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$448,606
Avg. Annual Appreciation
-10.85%

Purchase Details

Listed on
Feb 14, 2023
Closed on
Jun 11, 2024
Sold by
Palethorpe Jillian
Bought by
Greene Sparky
Seller's Agent
Brian Merrick
Coldwell Banker Realty
Buyer's Agent
Lisa Saver
Sotheby's International Realty
List Price
$3,000,000
Sold Price
$2,800,000
Premium/Discount to List
-$200,000
-6.67%
Views
593

Purchase Details

Closed on
Jul 15, 2002
Sold by
Williams Erin Murphy and The Caroline Murphy Trust
Bought by
Murphy Michael D

Purchase Details

Closed on
Jul 13, 2002
Sold by
Ohara Eugene Dennis
Bought by
Murphy Michael D
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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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
Greene Sparky -- Fidelity National Title
Greene Sparky $2,800,000 Fidelity National Title
Greene Sparky -- Fidelity National Title
Greene Sparky $2,800,000 Fidelity National Title
Murphy Michael D -- Commonwealth Title
Murphy Michael D -- Commonwealth Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $2,800,000 -6.7% $2,154 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $3,000,000 -- $2,308 / 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 $4,844 $918,000 $816,000 $102,000
2024 $4,844 $327,756 $259,274 $68,482
2023 $4,108 $321,331 $254,191 $67,140
2022 $4,132 $315,031 $249,207 $65,824
2021 $4,029 $308,855 $244,321 $64,534
2019 $3,889 $299,696 $237,075 $62,621
2018 $4,455 $355,213 $232,427 $122,786
2016 $4,291 $341,421 $223,402 $118,019
2015 $4,237 $336,294 $220,047 $116,247
2014 $4,244 $329,707 $215,737 $113,970
Source: Public Records

Agents Affiliated with this Home

  • Brian Merrick

    Seller's Agent in 2024

    Brian Merrick

    Coldwell Banker Realty

    (310) 383-4336

    3 in this area

    32 Total Sales

    Brian Merrick
    Section Image
  • Sally Morales

    Seller Co-Listing Agent in 2024

    Sally Morales

    Coldwell Banker Realty

    (310) 980-7157

    1 in this area

    3 Total Sales

    Sally Morales
    Section Image
  • Lisa Saver

    Buyer's Agent in 2024

    Lisa Saver

    Sotheby's International Realty

    (310) 804-8607

    2 in this area

    28 Total Sales

    Lisa Saver
    Section Image
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Map

Source: The MLS

MLS Number: 23-241811

The MLS

APN: 4465-004-023

California Los Angeles County Malibu 90265 Santa Monica Mountains

5524 Murphy Way, Malibu, CA

Not Listed for Sale

Detached

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