$7,000,000
SOLD AUG 17, 2022
-- Bed
0.5 Bath
-- Sq Ft
3.95 Acres

Recently Sold

27 Days on Market

Highlights

  • Horses Allowed On Property
  • View of Trees or Woods
  • Room in yard for a pool
  • Malibu Elementary School Rated A
  • 3.95 Acre Lot
  • No HOA

About This Home

As of August 2022

Iconic Bonsall Canyon bucolic setting with a seasonal creek, sycamores, oaks, and orchards. This parcel of approximately 3.95 acres has been the home of family-owned and operated Zuma Orchids since the 1970s. Set at the end of a long driveway, with a separate service entrance, this rare rural site is located within walking distance of world-famous Zuma Beach. The grounds have been rigorously nurtured, managed, and restored by former Apricot Lane Farms manager, Trevor Jahangard (Biggest Little Farm), without herbicides, fungicides, or tilling, to ensure bio-density and ecosystem health. Two huge greenhouses support orchid cultivation and the productive landscape features orchards of avocados and macadamia nuts, plus bay, strawberry madrone, walnut, persimmon, fig, apples, pears, peaches, plums, apricots, nectarines, mandarin oranges, oranges, grapefruit, limes, guava, sapota, pomegranates, cherimoya, mulberry, carob, banana, and more.Zuma Canyon Creek runs through the easterly portion of the property, with steeper hills and views from the westerly areas. Zoned Rural Residential (RR), the property has large flat areas suitable for development. The City of Malibu has approved a fire rebuild application for three commercial greenhouses and a shed/office, with design concepts and proposals in process for a bridge across Zuma Canyon Creek and a grand single-family residence for rural ease and lavish entertaining. Majestic, protected oaks and sycamores offer shade throughout this unique and magnificent Malibu property.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 06/21/2022

Compass

Co-Listed By

Kevin Augunas

Compass License #02033446

Last Buyer's Agent

Brenda Hayward

Compass License #01502468

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $83,594

Lot Details

  • 3.95 Acre Lot
  • Gated Home
  • Property is zoned LCRA1Y

Property Views

  • Woods
  • Pasture
  • Mountain
  • Hills

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Private Parking
  • Driveway
  • Automatic Gate
  • Guest Parking

Additional Features

  • 0.5 Bathroom
  • Room in yard for a pool
  • Horses Allowed On Property
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4467-024-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$83,594

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 3.9542
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplaces: 0
  • Full Bathroom: 0
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Fireplace: No

Exterior Features

  • Other Structures: Other
  • Tennis Court: Room For
  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Hills, Mountains, Pasture, Tree Top, Trees/Woods
  • View: Yes

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Uncovered, Private, Parking for Guests, Driveway
  • Total Parking: 8

Utilities

  • Security: Gated, Owned
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: Yes
  • Assessor Parcel Number: 4467-024-003
  • Lot Description: Agricultural, Fenced, Automatic Gate
  • Lot Location: Park Nearby
  • Lot Size Area: 172247

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2022
Closed on
Aug 4, 2022
Sold by
Vintage Dirt Holdings Llc
Bought by
Malibu Vintage Dirt Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Brenda Hayward
Compass
List Price
$6,995,000
Sold Price
$7,000,000
Premium/Discount to List
$5,000
0.07%

Purchase Details

Closed on
Sep 15, 2020
Sold by
Vasquez George H and Vazquez Trust
Bought by
Vintage Dirt Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2013
Sold by
Vazquez Maria J
Bought by
Vazquez Maria J and Vazquez Trust Survivors Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,260,242
Interest Rate
3.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 1997
Sold by
Mcpherson J P Tr Mcpherson Trust
Bought by
Vazquez Amado and Vazquez Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 21, 1994
Sold by
Fobert Madalene M
Bought by
Fobert Madalene M

Purchase Details

Closed on
Dec 16, 1993
Sold by
Vazquez Amado
Bought by
Vazquez Amado and Vazquez Maria J
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $14,000,000 New Title Company Name
Grant Deed $3,400,000 Usa National Title
Interfamily Deed Transfer -- None Available
Individual Deed $300,000 First American Title Co
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,700,000 New Conventional
Previous Owner $1,700,000 New Conventional
Previous Owner $2,260,242 Commercial
Previous Owner $225,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $22,000,000 +214.3% $12,731 / Sq Ft
08/17/2022 08/17/22 Sold $7,000,000 +0.1% --
07/18/2022 07/18/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $6,995,000 +105.7% --
12/31/2020 12/31/20 Sold $3,400,000 -23.6% --
09/09/2020 09/09/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $4,450,000 -- --
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
2024 $83,594 $7,140,000 $7,119,600 $20,400
2023 $82,063 $7,000,000 $6,980,000 $20,000
2022 $41,889 $3,468,000 $3,468,000 $0
2021 $41,107 $3,400,000 $3,400,000 $0
2020 $7,596 $490,381 $490,277 $104
2019 $7,503 $480,766 $480,664 $102
2018 $9,972 $643,695 $471,240 $172,455
2016 $9,453 $618,701 $452,942 $165,759
2015 $9,347 $609,409 $446,139 $163,270
2014 $9,388 $597,472 $437,400 $160,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-170149

The MLS

APN: 4467-024-003