NOT LISTED FOR SALE

Estimated Value: $4,235,000 - $5,860,000

0.66 Acre
$7,833,327 Price per Acre
28,611 Sq Ft Lot

Sale Details

Date Sold: May 24, 2021

Last sale price $3,430,000 $1,194 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $32,862 / mo

4 Days on Market

About This Lot

As of May 2021

Riviera Gate III beach access: Designed by renowned Malibu architect, Doug Burdge AIA, this stunning modern farmhouse offers 2 levels of sleek architectural serenity with panoramic views of the Pacific Ocean, mountains, and city lights. Approved plans for a 5-bedroom, 6 bath, 4800 sq ft estate with oversized sliding glass doors that seamlessly blend indoor-outdoor living. Perfect for entertaining, the outdoor area features a resort-like pool/spa showcasing the BBQ, firepit, and unparalleled sunset views. This rare property includes an exclusive beach key to Riviera Gate III, with access to the best surfing in Malibu on one of Californias most private beaches. This coveted beach is protected from the prevailing westerly winds, with white sand and surfing, swimming, snorkeling, & kayaking, making it a beachgoers paradise. The architectural and engineering plans & permits are not only for the maximal allowable square footage, but to accommodate the maximal number of drainage units including sinks, toilets, showers, etc. To do so, the subject property has been planned, engineered and paid for an upgraded septic system. RTI and shovel ready, this 28,611 sq ft parcel is the perfect canvas for a Malibu Life.

Last Agent to Sell the Property

Rochelle Maize

Nourmand & Associates-BH License #01365331 Listed on: 05/05/2021

Nourmand & Associates-BH

Last Buyer's Agent

Peter Cornell

The Oppenheim Group, Inc. License #02001634

The Oppenheim Group, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 28,611 Sq Ft Lot
  • Lot Dimensions are 148x180
  • Property is zoned LCRA1*

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • Mountain

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4468-008-024

Property Details

Property Type

Land

Lot Details

0.66 Acres

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.6568
  • Lot Dimensions: 148x180
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Coastline, White Water, Ocean, Mountains, Panoramic
  • View: Yes
  • Waterfront: Beach Rights

Utilities

  • Cable: No
  • Sewer: Septic Tank
  • Telephone: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4468-008-024
  • Lot Size Area: 28611

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
May 12, 2021
Sold by
Bought by
Seller's Agent
Rochelle Maize
Nourmand & Associates-BH
Buyer's Agent
Peter Cornell
The Oppenheim Group, Inc.
List Price
$2,550,000
Sold Price
$3,430,000
Premium/Discount to List
$880,000
34.51%
Current Estimated Value
$5,144,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,714,929
Avg. Annual Appreciation
8.16%
Original Mortgage
$340,000
Interest Rate
0.029%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 13, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 16, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 1995
Sold by
Bought by
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,430,000 First American Title Company O
-- None Available
-- None Available
-- None Available
-- None Available
$3,450,000 Equity Title Company
-- Equity Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,000,000
Closed $340,000
Closed $1,870,000
Previous Owner $381,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/24/2021 05/24/21 Sold $3,430,000 +34.5% $1,194 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $2,550,000 -- $888 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $57,948 $4,701,121 $3,712,741 $988,380
2024 $53,752 $4,608,943 $3,639,943 $969,000
2023 $41,803 $3,568,572 $3,568,572 $0
2022 $41,269 $3,498,600 $3,498,600 $0
2021 $30,747 $2,605,834 $2,605,729 $105
2020 $30,531 $2,579,115 $2,579,011 $104
2019 $30,105 $2,528,545 $2,528,443 $102
2018 $48,388 $4,224,699 $2,478,866 $1,745,833
2016 $46,637 $4,060,650 $2,382,609 $1,678,041
2015 $46,010 $3,999,656 $2,346,820 $1,652,836
2014 $36,533 $3,150,000 $2,000,000 $1,150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-723958

The MLS

APN: 4468-008-024

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