NOT LISTED FOR SALE

Estimated Value: $7,463,000 - $11,161,000

5 Beds
7 Baths
6,777 Sq Ft
$1,395/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $10,500,000 $1,549 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $61,452/month

136 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Home Theater
  • Malibu Elementary School Rated A
  • Wine Room
  • Heated In Ground Pool

About This Home

As of May 2023

Reminiscent of a seaside Italian villa, this spacious Point Dume garden compound is light-filled, welcoming, and perfectly designed for a lifestyle of luxurious relaxation and generous entertaining. Sitting behind gates on over 1.2 acres, the residence has huge windows and multiple decks and patios for enjoying the views of the Santa Monica Mountains, the ocean, and the sparkling Queen's Necklace. The gracious interior has high, beamed ceilings, arched doorways, glossy hardwood floors, and an open layout conducive to congenial gatherings. The living room and formal dining room both open onto a wraparound deck where there is a fire pit, an outdoor dining area, and ample room for lounging. The kitchen is superbly equipped for major entertaining and has a large island topped with butcher-block walnut, a built-in beverage cooler, Taj Mahal quartzite countertops, a casual dining area, plus a built-in breakfast nook. A hallway lined with windows leads to a family/sitting area with a fireplace and doors opening to the front yard. There are four beautiful bedrooms and four bathrooms on this level as well as a powder room and laundry room. Ascend to the upper level by home's main staircase, near the entry, or via a spiral staircase. Upstairs, the elegant primary suite, with beamed chandelier ceiling, large walk-in closet, and beautiful bath, opens onto a luxurious ocean-view deck with comfortable seating. Also on this level is a powder room and an enormous bonus room with a fireplace. Sliding glass doors open to a spacious deck, with ample room for dining and entertaining, and across the deck is a yoga/fitness studio with a ballet barre and fireplace. The home has a charming side patio with a fire pit and fountain, plus an enormous ocean-view backyard, with a pool, spacious pool deck for lounging and dining, a jacuzzi set beneath a bougainvillea-clad gazebo, an outdoor kitchen/barbecue area, and a large lawn for recreation and entertaining. There is also a structure that has a full bath and kitchenette and could be a guest suite, office, cabana, or studio. The grounds are verdant and stunning, with an enormous garden that has a bridge and an outdoor living room. There is a three-car garage plus room for eight or more cars in the driveway. Exceptionally private, this enchanting estate is a very special refuge. Close to the newly redone steps on Big Dume that lead to coveted Little Dume and all the rewards of Malibu Living.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 11/28/2022

Compass

Co-Listed By

Brenda Hayward

Compass License #01502468

Last Buyer's Agent

Michael Neustadt

The ONE Luxury Properties License #01906704

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $123,973

Year Built

  • Built in 2001

Lot Details

  • 1.21 Acre Lot
  • Lot Dimensions are 144x366
  • Property is zoned LCRA1*

Parking

  • 10 Parking Spaces

Property Views

  • Ocean
  • City Lights
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • 6,777 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Wine Room
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Area
  • Home Theater
  • Den with Fireplace
  • Game Room with Fireplace
  • Home Gym

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Studio bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Pool Cover

Outdoor Features

  • Open Patio
  • Fire Pit

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4466-015-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$123,973

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential, Residential
  • Property Sub Type: Single Family Residence, Single Family Residence
  • Style: Contemporary Mediterranean, Contemporary Mediterranean
  • Street Number Display: Yes, Yes
  • Living Area: 6777, 6777
  • Lot Acreage: 1.2130, 1.2130
  • Lot Dimensions: 144x366, 144x366
  • Stories: 2, 2
  • Year Built: 2001, 2001
  • Number Of Photos: 1, 1
  • State Abbrv: CA, CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Master Bedroom, Living Room, Den, Fire Pit, Game Room, Master Bedroom, Living Room, Den, Fire Pit, Game Room
  • Flooring: Wood, Stone, Wood, Stone
  • Bedrooms: 5, 5
  • Full Bathroom: 5, 5
  • Half Bathroom: 2, 2
  • Common Walls: Detached/No Common Walls, Detached/No Common Walls
  • One Quarter Bathrooms: 0, 0
  • Three Quarter Bathrooms: 0, 0
  • Dining Room: 0, 0
  • Family Room: 0, 0
  • Laundry: Room, Room
  • Total Bathrooms: 7.00, 7.00
  • Den: 1, 1
  • Equipment: Dishwasher, Washer, Refrigerator, Range/Oven, Microwave, Gas Or Electric Dryer Hookup, Garbage Disposal, Dishwasher, Washer, Refrigerator, Range/Oven, Microwave, Gas Or Electric Dryer Hookup, Garbage Disposal
  • Price Per S Q F T: 1622.40, 1622.40

Exterior Features

  • Other Structures: GuestHouse, GuestHouse
  • Pool Description: Heated, Pool Cover, Heated, Pool Cover
  • Pool: Yes, Yes
  • Spa: Heated, Heated
  • Spa Yn: Yes, Yes
  • View: Ocean, Mountains, City Lights, Ocean, Mountains, City Lights
  • View: Yes, Yes

Garage/Parking

  • Parking Garage: Garage - 4+ Car, Garage - 4+ Car
  • Total Parking: 10, 10

Utilities

  • Cooling: Central, Central
  • Heating: Central, Central

Condo/Co-op/Association

  • HOA: No, No

Lot Info

  • Assessor Parcel Number: 4466-015-006, 4466-015-006
  • Lot Size Area: 52837, 52837

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2022
Closed on
May 5, 2023
Sold by
Sills Living Trust
Bought by
Temple Of Dume Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Michael Neustadt
The ONE Luxury Properties
List Price
$10,995,000
Sold Price
$10,500,000
Premium/Discount to List
-$495,000
-4.5%
Views
667
Current Estimated Value
$9,455,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,044,445
Avg. Annual Appreciation
-4.45%

Purchase Details

Closed on
May 21, 2009
Sold by
Sills Gregory H
Bought by
Sills Gregory H and Sills Laureen N

Purchase Details

Closed on
Jul 2, 2003
Sold by
Mccormick Thomas James
Bought by
Sills Gregory H and Sills Laureen N

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
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 1997
Sold by
Mccormick Thomas J
Bought by
Mccormick Thomas James and Mccormick Nancy Jean

Purchase Details

Closed on
Feb 28, 1997
Sold by
Gibson Edith
Bought by
Mccormick Thomas J and Mccormick Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.37%

Purchase Details

Closed on
Jul 3, 1996
Sold by
Gibson Edith
Bought by
Gibson Edith and Edith Gibson Declaration Of Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Temple Of Dume Llc $10,500,000 Consumers Title Company
Sills Gregory H -- None Available
Sills Gregory H $3,275,000 Equity Title
Mccormick Thomas James -- --
Mccormick Thomas J $650,000 First American
Gibson Edith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Temple Of Dume Llc $999,999
Previous Owner Sills Gregory H $3,000,000
Previous Owner Sills Gregory H $2,760,000
Previous Owner Sills Gregory H $2,818,000
Previous Owner Sills Gregory H $2,900,000
Previous Owner Sills Gregory H $3,500,000
Previous Owner Sills Gregory H $1,200,000
Previous Owner Sills Gregory H $2,500,000
Previous Owner Mccormick Thomas James $1,487,780
Previous Owner Mccormick Thomas J $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Sold $10,500,000 -4.5% $1,549 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
11/28/2022 11/28/22 For Sale $10,995,000 -- $1,622 / 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 $123,973 $10,924,200 $8,739,360 $2,184,840
2024 $123,973 $10,710,000 $8,568,000 $2,142,000
2023 $52,725 $4,475,557 $1,672,693 $2,802,864
2022 $52,070 $4,387,802 $1,639,896 $2,747,906
2021 $50,830 $4,301,768 $1,607,742 $2,694,026
2019 $49,847 $4,174,177 $1,560,056 $2,614,121
2018 $47,191 $4,092,331 $1,529,467 $2,562,864
2016 $45,446 $3,933,423 $1,470,077 $2,463,346
2015 $44,839 $3,874,341 $1,447,996 $2,426,345
2014 $44,179 $3,798,449 $1,419,632 $2,378,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-220975

The MLS

APN: 4466-015-006