NOT LISTED FOR SALE

Estimated Value: $5,559,000 - $9,349,834

5 Beds
5 Baths
5,179 Sq Ft
$1,558/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $10,625,000 $2,052 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $54,520/month

224 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Heated In Ground Pool
  • Malibu Elementary School Rated A
  • Home Theater
  • Open Floorplan

About This Home

As of March 2022

Huge PRICE REDUCTION for this Architecturally Designed Home with BEACH KEY on Point Dume. Enjoy breathtaking Ocean Views of the Santa Monica Bay by day and the Queen's necklace at night. Completely redesigned in 2012, this gated Estate offers a new Salt Water Pool and outdoor entertainment area with sand fire-pit, an organic fruit orchard, drought tolerant landscaping, a full guest house overlooking the pool plus lots of flat and usable land for gardening & other outdoor pastimes. Interior features include a huge Bulthaup Kitchen with walnut cabinetry and stainless steel appliances. Enjoy the spacious ocean view Master Suite with fireplace and master bathroom with steam shower and soaking tub looking out to the Santa Monica Bay. This property has a BEACH KEY to "Little Dume", one of Malibu's best surfing beaches.

Last Agent to Sell the Property

Paul Grisanti

Pinnacle Estate Properties License #00621552 Listed on: 07/29/2021

Pinnacle Estate Properties

Co-Listed By

Sara Grisanti

Pinnacle Estate Properties License #00955628

Last Buyer's Agent

Alexander Purewal

The Agency License #01910573

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $127,775

Year Built

  • Built in 2012 | Remodeled

Lot Details

  • 1.21 Acre Lot
  • Lot Dimensions are 146x360
  • East Facing Home
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Back and Front Yard
  • Property is zoned LCRA1*

Parking

  • 2 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway

Property Views

  • Ocean
  • Bay
  • City Lights

Home Design

  • Modern Architecture

Interior Spaces

  • 5,179 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • Double Pane Windows
  • Sliding Doors
  • Great Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Home Theater
  • Center Hall
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Pool Cover

Outdoor Features

  • Shed
  • Outdoor Grill
  • Rain Gutters

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating
  • Property is located within a water district
  • Gas Water Heater
  • Septic Tank
  • Phone System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4466-015-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$127,775

Year Built

Built in 2012 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Architectural Modern Design on Point Dume has breathtaking Ocean Views of the Santa Monica Bay by day and the Queen's necklace at night. Completely redesigned in 2012, this gated Estate offers a new Salt Water Pool and outdoor entertainment area with sand fire-pit, an organic fruit orchard, drought tolerant landscaping, a full guest house overlooking the pool plus lots of flat land for gardening & other outdoor pastimes. Interior features include a huge Bulthaup Kitchen with walnut cabinetry and stainless steel appliances. Enjoy the spacious ocean view Master Suite with fireplace and master bathroom with steam shower and soaking tub looking out to the Santa Monica Bay. This property has a BEACH KEY to "Little Dume", one of Malibu's best surfing beaches.
  • Entry Location: Ground Level w/steps
  • Living Area: 5179
  • Lot Acreage: 1.2068
  • Lot Dimensions: 146x360
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 2012
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floor Plan, Living Room Deck Attached, Built-Ins, Pre-wired for high speed Data
  • Number Of Remote Controls: 2
  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood, Mixed
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Kitchen Island
  • Kitchen Features: Counter Top, Island, Remodeled, Stone Counters
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Network Wire, Washer, Refrigerator, Range/Oven, Phone System
  • Fireplace: Yes
  • Price Per S Q F T: 2172.23
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Other Features: Barbecue Private, Custom Built, Rain Gutters, Service Entrance, Sliding Glass Doors
  • Other Structures: Other, GuestHouse, Shed(s)
  • Fence: Wood
  • Guest House: Detached
  • Patio: Wood
  • Pool Description: Heated, Pool Cover
  • Pool: Yes
  • Spa: In Ground, Heated with Gas
  • Spa Yn: Yes
  • View: Ocean, City Lights, Bay
  • View: Yes
  • Waterfront: Beach Rights

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Covered Parking: 2
  • Parking Garage: Built-In Storage, Driveway, Direct Entrance
  • Total Parking: 6

Utilities

  • TV Svcs: Cable TV
  • Water District: LA Waterworks District 29
  • Water Heater: Gas
  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Owned
  • Sewer: Septic Tank
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4466-015-020
  • Lot Description: Back Yard, Fenced, Front Yard, Landscaped, Street Paved
  • Lot Location: Corner Lot
  • Lot Size Area: 52568

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2014
Sold by
Fling Martha
Bought by
The La Nube Plata Trust and The La Nube De Plata Trust
Current Estimated Value
$8,067,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 25, 2013
Sold by
Fling Martha
Bought by
Fling Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2013
Sold by
Fling Martha
Bought by
Fling Martha and La Nube De Plata Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2013
Sold by
Fling Martha E
Bought by
Fling Martha and La Nube De Plata Trust

Purchase Details

Closed on
Jul 7, 1999
Sold by
Zimmerman Steven G
Bought by
Fling Martha E and The Martha E Fling Living Trust

Purchase Details

Closed on
Mar 21, 1998
Sold by
Fling Martha Elizabeth
Bought by
Fling Martha E and The Martha E Fling Living Trust
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
The La Nube Plata Trust -- Fidelity National Title Co
Fling Martha -- Ortc
Fling Martha -- None Available
Fling Martha -- None Available
Fling Martha E -- --
Fling Martha E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Thompson Michael Cullen $500,000
Closed Fling Martha $1,875,000
Closed Fling Martha $500,000
Closed The La Nube Plata Trust $3,000,000
Closed Fling Martha $1,000,000
Closed Fling Martha E $250,000
Closed Fling Martha E $1,000,000
Closed Fling Martha E $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $10,625,000 -5.6% $2,052 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
09/30/2021 09/30/21 Price Changed $11,250,000 -6.2% $2,172 / Sq Ft
07/29/2021 07/29/21 For Sale $11,995,000 0.0% $2,316 / Sq Ft
07/08/2020 07/08/20 Rented $35,000 0.0% --
06/17/2020 06/17/20 For Rent $35,000 0.0% --
12/12/2019 12/12/19 Rented $35,000 0.0% --
04/15/2019 04/15/19 For Rent $35,000 -12.5% --
12/19/2018 12/19/18 Rented $40,000 +14.3% --
12/15/2018 12/15/18 Off Market $35,000 -- --
05/21/2018 05/21/18 Price Changed $35,000 -10.3% $9 / Sq Ft
01/23/2018 01/23/18 For Rent $39,000 0.0% --
01/09/2018 01/09/18 Off Market $39,000 -- --
10/11/2017 10/11/17 Price Changed $39,000 -2.5% $10 / Sq Ft
05/03/2017 05/03/17 For Rent $40,000 +33.3% --
11/03/2016 11/03/16 Rented $30,000 -9.1% --
08/26/2016 08/26/16 Price Changed $33,000 -5.7% $9 / Sq Ft
08/10/2016 08/10/16 Price Changed $35,000 -22.2% $9 / Sq Ft
06/28/2016 06/28/16 Price Changed $45,000 -30.8% $12 / Sq Ft
06/06/2016 06/06/16 For Rent $65,000 -- --
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
2025 $127,775 $11,275,334 $10,399,838 $875,496
2024 $127,775 $11,054,250 $10,195,920 $858,330
2023 $125,444 $10,837,500 $9,996,000 $841,500
2022 $27,526 $2,280,821 $1,166,457 $1,114,364
2021 $26,866 $2,236,100 $1,143,586 $1,092,514
2019 $26,343 $2,169,777 $1,109,667 $1,060,110
2018 $24,781 $2,127,233 $1,087,909 $1,039,324
2016 $22,827 $1,953,848 $1,045,665 $908,183
2015 $22,520 $1,924,501 $1,029,959 $894,542
2014 $22,211 $1,886,804 $1,009,784 $877,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-765154

The MLS

APN: 4466-015-020