NOT LISTED FOR SALE

Estimated Value: $5,329,000 - $15,167,489

6 Beds
9 Baths
5,338 Sq Ft
$1,804/Sq Ft Est. Value

Last Sold October 22, 2020

Last sale price $12,500,000 $2,342 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $66,765/month

82 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Cape Cod Architecture
  • Malibu Elementary School Rated A
  • Heated In Ground Pool
  • Wood Flooring

About This Home

As of October 2020

A beautiful Modern Cape Cod estate on Point Dume in Malibu. Completely re-imagined by Saffron Case Homes, this home has been meticulously remodeled and redesigned. Offering 6 bedrooms, 9 baths, home theater, office, a 2-story detached guest house- with game room, living room, bedroom and bathroom- pool with spa, full outdoor BBQ area and wet bar, 3 car garage and an enormous flat manicured yard with incredible, expansive ocean views. Home boasts multiple indoor and outdoor fireplaces, high vaulted ceilings and custom finishes. Property is completely gated for privacy and security. Walk to the beach, school and shops. Permit for tennis court also included. NOTE-FIRST SHOWINGS TO START JULY 6 WITH 48 HOUR NOTICE.

Last Agent to Sell the Property

Michael Cunningham

Pinnacle Estate Properties License #01291455 Listed on: 07/01/2020

Pinnacle Estate Properties

Co-Listed By

Glen Steele

Coldwell Banker Realty License #01480449

Last Buyer's Agent

Lily Harfouche

Compass License #01737283

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $172,769

Year Built

  • Built in 2008

Lot Details

  • 1.03 Acre Lot
  • Sprinkler System
  • Property is zoned LCRA1*

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 5,338 Sq Ft Home
  • Built-In Features
  • Home Office
  • Wood Flooring
  • Ocean Views
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 9 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa

Additional Features

  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4466-015-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$172,769

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Street Number Display: Yes
  • Living Area: 5338
  • Probate: No
  • Year Built: 2008
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 6
  • Full Bathroom: 9
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Alarm System, Bar Ice Maker, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 2622.71

Exterior Features

  • Other Structures: GuestHouse
  • Guest House: Detached
  • Pool Description: Heated And Filtered, In Ground
  • Pool: Yes
  • Spa: Heated with Gas
  • Spa Yn: Yes
  • View: Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 3 Car

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4466-015-017
  • Lot Size Area: 44836

Rental Info

  • Furnished: Furnished Or Unfurnished

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2022
Sold by
Azria Florence
Bought by
Florence Azria Living Trust
Current Estimated Value
$9,629,830

Purchase Details

Closed on
Dec 10, 2021
Sold by
Salzman Robert and Dreamland Land Trust
Bought by
Azria Florence

Purchase Details

Listed on
Jul 1, 2020
Closed on
Oct 6, 2020
Sold by
6950 Dume Investors Llc
Bought by
Salzman Robert and Dreamland Land Trust
Seller's Agent
Michael Cunningham
Pinnacle Estate Properties
Buyer's Agent
Lily Harfouche
Compass
List Price
$14,000,000
Sold Price
$12,500,000
Premium/Discount to List
-$1,500,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.24%
Original Mortgage
$8,125,000
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2018
Closed on
May 31, 2019
Sold by
Kg Grantor Retained Income Trust
Bought by
6950 Dume Investors Llc
Seller's Agent
Leslie Kavanaugh
Rodeo Realty
Buyer's Agent
Glen Steele
Coldwell Banker Realty
List Price
$8,888,888
Sold Price
$8,100,000
Premium/Discount to List
-$788,888
-8.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.57%
Original Mortgage
$4,055,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2019
Sold by
Knight Foundation Trust
Bought by
Kg Grantor Retained Income Trust

Purchase Details

Listed on
Jan 14, 2013
Closed on
Oct 3, 2013
Sold by
Benadon Jack
Bought by
Smith Easton and Knight Foundation Trust
Seller's Agent
Matt Rapf
Sotheby's International Realty
Buyer's Agent
Matt Rapf
Sotheby's International Realty
List Price
$7,750,000
Sold Price
$7,000,000
Premium/Discount to List
-$750,000
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.75%
Original Mortgage
$5,000,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 23, 2006
Sold by
Elias Jonathan
Bought by
Benadon Jack and 6950 Dume Drive Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,995,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2003
Sold by
Juliano Joseph and Juliano Mary
Bought by
Elias Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.62%
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
Florence Azria Living Trust -- --
Azria Florence $14,400,000 Equity Title Company
Azria Florence -- Equity Title Company
Salzman Robert $12,500,000 First American Title Company
6950 Dume Investors Llc $8,100,000 Equity Title Company
Kg Grantor Retained Income Trust -- None Available
Smith Easton $7,000,000 Equity Title Company
Benadon Jack $3,000,000 Equity Title Company
Elias Jonathan $1,651,000 Equity Title Company
Elias Jonathan -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salzman Robert $8,125,000
Previous Owner 6950 Dume Investors Llc $4,055,000
Previous Owner Kg Grantor Retained Income Trust $780,000
Previous Owner Smith Easton $5,000,000
Previous Owner Benadon Jack $1,995,000
Previous Owner Elias Jonathan $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2020 10/22/20 Sold $12,500,000 -10.7% $2,342 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $14,000,000 +72.8% $2,623 / Sq Ft
06/25/2019 06/25/19 Sold $8,100,000 -8.9% $1,517 / Sq Ft
03/29/2019 03/29/19 For Sale $8,888,888 0.0% $1,665 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
10/18/2018 10/18/18 Price Changed $8,888,888 -10.9% $1,665 / Sq Ft
10/04/2018 10/04/18 Price Changed $9,980,000 -6.6% $1,870 / Sq Ft
09/20/2018 09/20/18 For Sale $10,680,000 0.0% $2,001 / Sq Ft
08/08/2016 08/08/16 Rented $50,000 0.0% --
05/31/2016 05/31/16 For Rent $50,000 0.0% --
11/21/2013 11/21/13 Sold $7,000,000 -9.7% $1,194 / Sq Ft
09/25/2013 09/25/13 Pending -- -- --
01/14/2013 01/14/13 For Sale $7,750,000 -- $1,321 / 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 $172,769 $15,281,395 $12,225,116 $3,056,279
2024 $172,769 $14,981,760 $11,985,408 $2,996,352
2023 $169,631 $14,688,000 $11,750,400 $2,937,600
2022 $167,667 $14,400,000 $11,520,000 $2,880,000
2021 $145,166 $12,500,000 $10,000,000 $2,500,000
2020 $96,826 $8,262,000 $5,596,740 $2,665,260
2019 $90,751 $7,692,420 $5,494,587 $2,197,833
2018 $86,000 $7,541,589 $5,386,850 $2,154,739
2016 $82,916 $7,248,742 $5,177,673 $2,071,069
2015 $81,804 $7,139,860 $5,099,900 $2,039,960
2014 $80,554 $7,000,000 $5,000,000 $2,000,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-598178

The MLS

APN: 4466-015-017