NOT LISTED FOR SALE

5705 Busch Dr Malibu, CA 90265

Estimated Value: $3,786,000 - $4,608,000

4 Beds
2.5 Baths
3,721 Sq Ft
$1,128/Sq Ft Est. Value

Last Sold January 20, 2025

Last sale price $4,475,000 $1,203 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $23,701/month

215 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Contemporary Architecture
  • Malibu Elementary School Rated A
  • Room in yard for a pool
  • Property is near public transit

About This Home

As of January 2025

With the blue expanse of the Pacific in one direction and the rolling green foothills of the Santa Monica Mountains in the other, this brand-new Mediterranean modern residence is open, beautifully detailed, and awash with natural light. Vaulted ceilings, cascading chandeliers, expansive art-gallery walls, and wood floors set the tone for this carefully designed and expertly finished home. Perched above Zuma on a lot of approximately 0.47 acre, the residence has comfortable view decks. The main living area is inviting and open, with multiple sets of sliding glass doors suggesting easy indoor-outdoor entertaining. A huge pivoting glass entry door offers tantalizing sight lines as it welcomes visitors to living, dining, and kitchen areas. The living room, detailed with a sleek linear fireplace, opens on two sides to a large wraparound deck where there is ample room for dining, lounging, and enjoying the gorgeous sunsets and ocean views. Across the entry hall is a spacious dining area, also opening to the deck, and the all-Thermador kitchen. Beautiful custom cabinets and elegant tile work define a highly functional and efficient chef's domain with marble countertops, an island with bar seating, a breakfast area, and a butler's pantry. The home's four bedrooms are spacious and serene, with high beamed ceilings and wood floors. The primary suite has a private balcony, a walk-in closet, and a sliding barn door to the lovely spa-style bath. A floating-step stairway leads to a top floor aerie with windows on three sides and enchanting ocean and mountain views. This very special space could easily serve as an extra guest room, a yoga or art studio, an office, media room, or library. The home has a pristine two-car garage and room for garden and patio entertaining in addition to the main deck. This is a handsome and comfortable home convenient to Point Dume, beaches, trails, and all the pleasures of Malibu living. READ AGENT REMARKS REGARDING SQUARE.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 06/15/2024

Compass

Co-Listed By

Abraham Cohen

Equity Union License #01019227

Last Buyer's Agent

Sandro Dazzan

The Agency License #01418033

The Agency

Home Details

Home Type

  • Single Family

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 120x125
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Sprinkler System
  • Property is zoned LCRA20000*

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Automatic Gate
  • Guest Parking
  • On-Street Parking
  • Unassigned Parking

Property Views

  • Ocean
  • Mountain
  • Hills

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 3,721 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Recessed Lighting
  • Electric Fireplace
  • Sliding Doors
  • Great Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Loft
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven
  • Range with Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Powder Room
  • Double Vanity
  • Bathtub with Shower
  • Shower Only

Outdoor Features

  • Room in yard for a pool
  • Balcony
  • Wood Patio

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Tankless Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4469-028-009

Home Details

Home Type

Single Family

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Foyer
  • Living Area: 3721
  • Lot Acreage: 0.4733
  • Lot Dimensions: 120x125
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, Turnkey, Open Floor Plan, Living Room Deck Attached, Recessed Lighting, High Ceilings (9 Feet+), Cathedral-Vaulted Ceilings
  • Fireplace Rooms: Living Room, Electric
  • Flooring: Wood
  • Appliances: Built-Ins, Gas, Oven, Microwave, Range Hood, Range
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Primary Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Stall, Shower and Tub, Shower Over Tub, Tile, Powder Room, Double Vanity(s)
  • Three Quarter Bathrooms: 0
  • Eating Areas: Kitchen Island, In Kitchen, Living Room, Breakfast Area, Breakfast Counter / Bar
  • Kitchen Features: Island, Stone Counters, Pantry
  • Laundry: Inside, Room
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Garbage Disposal, Freezer, Dishwasher, Hood Fan, Microwave, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 1303.41
  • Windows: French Windows

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), Sliding Glass Doors, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Balcony, Living Room Deck Attached, Patio Open, Wood
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Ocean, Mountains, Water, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Driveway, Door Opener, Parking for Guests, Parking for Guests - Onsite, Parking Space, On street, Uncovered, Unassigned, Private
  • Total Parking: 5

Utilities

  • Water Heater: Tankless
  • Cooling: Central, Air Conditioning
  • Heating: Central
  • Security: Automatic Gate, Gated
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4469-028-009
  • Lot Description: Back Yard, Fenced Yard, Front Yard, Landscaped, Automatic Gate, Yard, Street Paved
  • Lot Location: City, Near Public Transit
  • Lot Size Area: 20619

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2024
Closed on
Dec 30, 2024
Sold by
Netzah & Shem Tov Inc
Bought by
Twhe Trust and Smith
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Sandro Dazzan
The Agency
List Price
$4,850,000
Sold Price
$4,475,000
Premium/Discount to List
-$375,000
-7.73%
Views
101
Current Estimated Value
$4,195,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$279,015
Avg. Annual Appreciation
-6.76%
Original Mortgage
$2,100,000
Outstanding Balance
$2,076,988
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$2,118,997

Purchase Details

Closed on
Nov 8, 2012
Sold by
Lewandowski Jerry and Lewandowski Wanda
Bought by
Lewandowski Jerry and Lewandowski Wanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,300
Interest Rate
3.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Twhe Trust $4,475,000 Fidelity National Title
Twhe Trust $4,475,000 Fidelity National Title
Lewandowski Jerry -- Lsi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Twhe Trust $2,100,000
Closed Twhe Trust $2,100,000
Previous Owner Lewandowski Jerry $386,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2025 01/20/25 Sold $4,475,000 -7.7% $1,203 / Sq Ft
06/15/2024 06/15/24 For Sale $4,850,000 -- $1,303 / 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 $19,810 $1,695,279 $1,695,279 --
2024 $19,810 $1,662,039 $1,662,039 --
2023 $19,406 $1,629,450 $1,629,450 $0
2022 $4,844 $368,049 $367,942 $107
2021 $4,762 $360,833 $360,728 $105
2019 $4,763 $350,132 $350,030 $102
2018 $7,185 $578,231 $343,167 $235,064
2016 $6,891 $555,780 $329,843 $225,937
2015 $6,797 $547,433 $324,889 $222,544
2014 $6,716 $536,710 $318,525 $218,185
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-404313

The MLS

APN: 4469-028-009