NOT LISTED FOR SALE

Estimated Value: $7,061,000 - $17,641,058

7 Beds
8 Baths
6,353 Sq Ft
$1,944/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $14,450,000 $2,275 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $86,901/month

226 Days on Market

Highlights

  • Property has ocean access
  • Detached Guest House
  • Art Studio
  • Malibu Elementary School Rated A
  • Tennis Courts
  • Pool House

About This Home

As of December 2021

Located on Pt. Dume's MOST sought after street, this magnificent custom-built Hamptons-style compound sits on a flat 1.4 acres! Only 3 houses away from Riviera 1 BEACH gate's card-coded access to Zumirez's own drive-a-car or walk-to-the-sand exclusive beach. Tucked behind gates with rolling lawns & lush landscaping, tree-filled, Wisteria laden park-like grounds, this compound features a gorgeous sun-filled main house with a wonderful floorplan perfect for entertaining & comfortable living. Huge outside covered entertaining patio with massive fireplace begs for gatherings all year long. Inside, antique Walnut floors & wood plank walls adorn the home, fusing East Coast elegance with Malibu living. The home has a seamless indoor/outdoor flow, paying homage to the natural beauty which surrounds this immaculate residence. There are 4 bedrooms, office, den large work-out room with extra storage inside main residence & 3 car garage along with massive GH above it. Also for summer lease @ $100,000/mo August, September. Yearly lease $70,000/mo Don't miss this property!

Last Agent to Sell the Property

Matt Rapf

Sotheby's International Realty License #00854118 Listed on: 05/05/2021

Co-Listed By

Terre Steinbeck

Rodeo Realty License #01188344

Last Buyer's Agent

Eric Haskell

The Agency License #01866805

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $173,988

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 1.47 Acre Lot
  • Lot Dimensions are 127x510
  • Cul-De-Sac
  • South Facing Home
  • Fenced Yard
  • Gated Home
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Secluded Lot
  • Rectangular Lot
  • Level Lot
  • Sprinklers on Timer
  • Lawn
  • Back and Front Yard
  • Property is zoned LCRA1*

Parking

  • 3 Car Detached Garage
  • 6 Open Parking Spaces
  • Garage Apartment
  • Garage Door Opener
  • Gravel Driveway
  • Automatic Gate

Home Design

  • Cape Cod Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,353 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Coffered Ceiling
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Sliding Doors
  • Formal Entry
  • Family Room on Second Floor
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Art Studio
  • Park or Greenbelt Views
  • Basement

Kitchen

  • Gourmet Kitchen
  • Breakfast Room
  • Breakfast Bar
  • Gas Oven
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters
  • Low Flow Toliet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Pool House
  • Heated In Ground Pool
  • In Ground Spa
  • Gas Heated Pool
  • Gunite Pool
  • Gunite Spa

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Oceanside
  • Tennis Courts
  • Deck
  • Open Patio
  • Rain Gutters
  • Front Porch

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Service Entrance
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 4466-003-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$173,988

Year Built

Built in 2001 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 6353
  • Lot Acreage: 1.4680
  • Lot Dimensions: 127x510
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 2001
  • Number Of Photos: 52
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Basement, Built-Ins, Coffered Ceiling(s), Crown Moldings, Storage Space, Wainscotting
  • Fireplace Rooms: Dining, Gas, Gas and Wood, Living Room, Patio
  • Flooring: Hardwood, Tile
  • Appliances: Free Standing Gas, Gas, Oven-Gas
  • Bedrooms: 7
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 2
  • Bedroom Features: Dressing Area, Main Floor Bedroom, Master Bedroom, Master Retreat, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 1
  • Bathroom Features: Low Flow Toilet(s), Powder Room, Shower and Tub, Split Bath
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Breakfast Room, Formal Dining Rm, In Kitchen, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Remodeled, Stone Counters
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2439.79
  • Windows: Custom Window Covering, Double Pane Windows, Drapes/Curtains, Window Blinds

Exterior Features

  • Direction Faces: South
  • Construction: Wood Siding
  • Other Features: Custom Built, High Ceilings (9 Feet+), Rain Gutters, Service Entrance, Sliding Glass Doors, Sprinkler System
  • Other Structures: Accessory Bldgs, Accessory Dwelling Unit, GuestHouse, Pool House
  • Tennis Court: East/West, Private Tennis Court
  • Tennis Court Y/N: Yes
  • Foundation Details: Raised
  • Fence: Chain Link, Wood, Wrought Iron
  • Guest House: Detached
  • Patio: Covered, Deck(s), Patio Open, Porch - Front, Porch - Rear
  • Pool Description: Gunite, Heated And Filtered, Heated with Gas, In Ground, Private
  • Pool: Yes
  • Roof: Composition, Shingle
  • Spa: Gunite, In Ground
  • Spa Yn: Yes
  • View: Green Belt, Tree Top
  • View: Yes
  • Waterfront: Beach Rights

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 6
  • Parking Garage: Detached, Door Opener, Driveway - Gravel
  • Total Parking: 8

Utilities

  • TV Svcs: Cable TV, Tv Satellite Dish
  • Water Heater: Gas, Tankless
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Automatic Gate, Card/Code Access, Fire Sprinklers, Gated, Smoke Detector
  • Sewer: Septic Tank
  • Water: District, In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 4466-003-003
  • Geocode Override: No
  • Lot Description: Automatic Gate, Back Yard, Fenced, Fenced Yard, Front Yard, Gutters, Lawn, Lot Shape-Rectangular, Lot-Level/Flat, Secluded, Single Lot, Street Paved, Yard
  • Lot Location: Beach Access, Cul-De-Sac, Ocean Access, Ocean Side Of Highway 1
  • Lot Size Area: 63951

Rental Info

  • Furnished: Furnished Or Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Degivenchy Olivier and Degivenchy Zoe
Bought by
Olivier Degivenchy and Olivier De Givenchy
Current Estimated Value
$13,223,759

Purchase Details

Listed on
Jun 5, 2015
Closed on
Nov 21, 2016
Sold by
Sittig Dick
Bought by
Delug Asher I and Delug Reisha A
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Kathleen Doyle
Kathy Doyle Estates
List Price
$12,250,000
Sold Price
$11,000,000
Premium/Discount to List
-$1,250,000
-10.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.89%
Original Mortgage
$4,500,000
Interest Rate
2.74%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 26, 2010
Sold by
Sittig Richard and Sittig Diane
Bought by
Sittig Dick and Siggit Diane

Purchase Details

Closed on
Jun 26, 2003
Sold by
Sittig Richard and Sittig Diane
Bought by
Sittig Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 14, 1996
Sold by
Dume Properties
Bought by
Sittig Dick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.87%
Source: Public Records

Range of Values:

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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
Olivier Degivenchy -- --
Delug Asher I $11,000,000 Usa National Title Co
Sittig Dick -- None Available
Sittig Richard -- --
Sittig Dick $650,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Degivenchy Olivier $10,000,000
Previous Owner Delug Asher I $5,500,000
Previous Owner Delug Asher I $4,500,000
Previous Owner Sittig Richard $2,500,000
Previous Owner Sittig Dick $2,500,000
Previous Owner Sittig Dick $2,500,000
Previous Owner Sittig Dick $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $14,450,000 +22130.8% $2,275 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
11/26/2021 11/26/21 Rented $65,000 -7.1% --
09/02/2021 09/02/21 Price Changed $70,000 -30.0% $11 / Sq Ft
07/26/2021 07/26/21 Price Changed $100,000 -23.1% $16 / Sq Ft
06/30/2021 06/30/21 For Rent $130,000 0.0% --
06/15/2021 06/15/21 Off Market $130,000 -- --
06/15/2021 06/15/21 For Rent $130,000 0.0% --
05/16/2021 05/16/21 Off Market $130,000 -- --
05/14/2021 05/14/21 For Rent $130,000 0.0% --
05/05/2021 05/05/21 For Sale $15,500,000 0.0% $2,440 / Sq Ft
12/04/2018 12/04/18 Rented $60,000 +9.1% --
11/16/2018 11/16/18 Price Changed $55,000 -45.0% $11 / Sq Ft
06/25/2018 06/25/18 For Rent $100,000 0.0% --
12/12/2016 12/12/16 Sold $11,000,000 -8.3% $1,648 / Sq Ft
08/19/2016 08/19/16 Price Changed $11,995,000 -2.1% $1,797 / Sq Ft
04/14/2016 04/14/16 For Sale $12,250,000 +11.4% $1,835 / Sq Ft
03/25/2016 03/25/16 Off Market $11,000,000 -- --
02/25/2016 02/25/16 Price Changed $12,250,000 -10.9% $1,835 / Sq Ft
09/24/2015 09/24/15 Price Changed $13,750,000 -8.3% $2,060 / Sq Ft
06/05/2015 06/05/15 For Sale $14,995,000 -- $2,246 / 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 $173,988 $15,387,516 $10,612,080 $4,775,436
2024 $173,988 $15,085,800 $10,404,000 $4,681,800
2023 $170,830 $14,790,000 $10,200,000 $4,590,000
2022 $168,854 $14,500,000 $10,000,000 $4,500,000
2021 $137,083 $11,794,223 $9,649,819 $2,144,404
2019 $134,439 $11,444,400 $9,363,600 $2,080,800
2018 $127,491 $11,220,000 $9,180,000 $2,040,000
2016 $22,551 $1,917,218 $889,556 $1,027,662
2015 $22,250 $1,888,421 $876,195 $1,012,226
2014 $21,954 $1,851,430 $859,032 $992,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-728816

The MLS

APN: 4466-003-003