$14,000,000
SOLD APR 28, 2025
7 Beds
7.5 Baths
7,000 Sq Ft
8,695 Sq Ft Lot

Recently Sold

$2,000 Per Sq Ft

7% Below List Price

96 Days on Market

Highlights

  • Ocean View
  • Accessory Dwelling Unit (ADU)
  • Home Theater
  • Franklin Elementary School Rated A+
  • Wine Cellar
  • In Ground Pool

About This Home

As of April 2025

Presenting a resort-inspired lifestyle at the prestigious and modern Serenity, a masterfully designed residence situated in one of the most renowned zip codes in Southern California, 90402, north of Montana Avenue. From this highly coveted 23rd Street location, behold striking vistas of the Pacific and discover calming ocean breezes amidst prime shopping and fine dining. This serene sanctuary affords absolute luxury, offering a unique design with an open floor plan and world-class amenities. There are seven bedrooms, seven bathrooms, a powder room, elevator, double-island kitchen fitted with state-of-the-art appliances, two wet bars, four fireplaces, and folding doors that open to invite gentle ocean winds within. Experience a life rich in comfort and leisure with an expansive rooftop deck, 1,000-square-foot two-story ADU, movie theatre, wine cellar, and meditation room. The rear grounds are an entertainer's dream, including a pool and spa with eight-jet water feature and LED lighting, outdoor fireplace, grassy play areas, and multiple spaces for lounging. The home's elegant form is constructed while keeping openness and clarity top of mind, allowing its light-filled interiors to seamlessly converge with the lush exteriors enveloped by soothing ocean breezes. Four levels comprise a rooftop, upper level, lobby, and basement, with a two-car garage and separate ADU. Welcome to this exquisite property offering the ultimate in resort living at the very forefront of chic, modern design. *Construction to be complete Feb 15th. Showing now by appointment only.*

Last Agent to Sell the Property

Nicole Plaxen

The Beverly Hills Estates License #01772151 Listed on: 01/17/2025

The Beverly Hills Estates

Co-Listed By

Sally Forster Jones

Compass License #00558939

Last Buyer's Agent

Alexis Rae

Carolwood Estates License #02136205

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,952

Year Built

  • Built in 2025

Lot Details

  • 8,695 Sq Ft Lot
  • Lot Dimensions are 60x145
  • Property is zoned SMR1*

Parking

  • 4 Parking Spaces

Property Views

  • Ocean
  • Coastline
  • Skyline
  • Mountain
  • Pool

Home Design

  • Modern Architecture

Interior Spaces

  • 7,000 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Gas Fireplace
  • Entryway
  • Wine Cellar
  • Family Room with Fireplace
  • Dining Area
  • Home Theater
  • Bonus Room
  • Home Gym
  • Engineered Wood Flooring
  • Laundry Room
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • Powder Room

Pool

  • In Ground Pool
  • Heated Spa

Outdoor Features

  • Rooftop Deck
  • Patio

Additional Features

  • Accessory Dwelling Unit (ADU)
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4278-012-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,952

Year Built

Built in 2025

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 7000
  • Lot Acreage: 0.1996
  • Lot Dimensions: 60x145
  • Stories: 3
  • Year Built: 2025
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Basement
  • Fireplace Rooms: Gas, Family Room, Primary Bedroom, Patio
  • Flooring: Engineered Hardwood
  • Bedrooms: 7
  • Full Bathroom: 7
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Elevator
  • Price Per S Q F T: 2142.14

Exterior Features

  • Other Structures: GuestHouse, Accessory Dwelling Unit
  • Patio: Roof Top Deck
  • Pool Description: In Ground
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: Ocean, Tree Top, Skyline, Pool, City Lights, Coastline, Mountains, Water
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4278-012-020
  • Lot Size Area: 8695

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Mar 10, 2025
Sold by
615 23Rd Street Llc
Bought by
Sutherlin Brett and Sutherlin Karen S
Seller's Agent
Nicole Plaxen
The Beverly Hills Estates
Buyer's Agent
Alexis Rae
Carolwood Estates
List Price
$14,995,000
Sold Price
$14,000,000
Premium/Discount to List
-$995,000
-6.64%
Views
805
Current Estimated Value
$7,482,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,517,162
Avg. Annual Appreciation
-84.16%
Original Mortgage
$9,100,000
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2021
Sold by
Watanabe Kenneth M and Watanabe Louis
Bought by
615 23Rd Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,640,000
Interest Rate
2.7%
Mortgage Type
Commercial
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 Fidelity National Title
Grant Deed $3,430,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $9,100,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $4,838,150 Construction
Previous Owner $3,640,000 Construction
Previous Owner $1,640,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Sold $14,000,000 -6.6% $2,000 / Sq Ft
04/23/2025 04/23/25 Pending -- -- --
01/17/2025 01/17/25 For Sale $14,995,000 +337.2% $2,142 / Sq Ft
03/22/2021 03/22/21 Sold $3,430,000 -2.0% $1,261 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $3,500,000 -- $1,286 / 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 $42,952 $3,712,740 $2,970,193 $742,547
2024 $42,952 $3,639,942 $2,911,954 $727,988
2023 $42,268 $3,568,571 $2,854,857 $713,714
2022 $41,762 $3,498,600 $2,798,880 $699,720
2021 $4,052 $278,322 $161,701 $116,621
2020 $4,021 $275,469 $160,043 $115,426
2019 $3,972 $270,068 $156,905 $113,163
2018 $3,679 $264,774 $153,829 $110,945
2016 $3,505 $254,494 $147,856 $106,638
2015 $3,079 $250,673 $145,636 $105,037
2014 $3,049 $245,764 $142,784 $102,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-484841

The MLS

APN: 4278-012-020