See Home Value
Malibu Eastern Malibu
23950 MALIBU ROAD
$21,377,977*
House - Off Market

23950 MALIBU ROAD

MALIBU, CA 90265
bedrooms
4 Beds
bathrooms
6 Baths
square feet
4800 Sqft
$17,096,000 - $20,894,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Aug 24, 2020
$17,800,000
$10,000,000 by City National Bank
Mortgage Due Jul 01, 2051
Sold Jul 17, 2014
$7,010,070
$4,485,000 by First Republic Bank
Mortgage Due Aug 01, 2044

About This Property

Completely reimagined & rebuilt custom home built from the sand up. This three-level home is equipped with the highest quality finishes & no expense spared. Quality construction, fully integrated Crestron smart system, & remarkable ocean views from every level. The sophisticated light-infused open-plan layout includes apx. 4,800sf of living space, 1,300sf of ocean view decks, plus a 400sf sand level entry/deck, boat house, & storage. Main level living area flows seamlessly between family room, chef's kitchen, & living room opening onto an ocean view deck spanning the width of the house. On the lower level, a large exercise suite (or bedroom) opens onto another wide deck. The upper level, with very high ceilings, has two family bedrooms, an office/den, plus the spectacular master suite, with one fireplace inside & another outside on the private ocean view deck w/hot tub. With toes in the sand on one of Malibu's most desirable beaches & prime location, this is coastal living at its best.

The manager has listed the unit size as 4800 square feet.
Unit Size
4,800Ft²
Days on Market
-
Land Size
-
Price per sqft
$3,957
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 24, 2020 Sold to Laura E Michelman, Sanford ... $17,800,000
Sold to Laura E Michelman, Sanford ...
Jul 31, 2020 In contract -
In contract
Jul 9, 2020 Price Decreased $18,995,000
↓ $1M (5%)
Price Decreased
May 29, 2020 Listed $20,000,000
Listed
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Gravel/rock
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,737
  • Lot Size Depth Feet: 2,170
  • Lot Size Frontage Feet: 340
  • Total Building Area: 4,076
  • Building Area: 4,076
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,076
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RANCHO TOPANGA MALIBU SEQUIT
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAND OF MATTHEW KELLER 1N THE RANCHO TOPANGA MAL1BU SEQU1T VAC ST ADJ ON NW AND LOT COM S 33 DEG 23 M1N E 4O FT AND S 56 DEG 37 M1N W 93.5O FT FROM ENGR STASEE ASSESSOR MAPBOOK FOR MISSING PORTIONS AND PART OF LOT 3

Ownership

  • Current Owner : MICHELMAN SANFORD
  • Current Owner 2: MICHELMAN LAURA E
  • Previous Owner : MALIBU COAST LLC
  • Owner Before Previous Owner: LONE STAR REDWOOD LLC
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 800504

Zoning

  • Zoning: LCR16000*

Geography

  • Assessors Map Reference: 113-F5
  • Parcel: 4458-008-003
  • Lot: 3
  • Municipality: WEST /MAL. BEACHES N.
  • Latitude: 34.0323
  • Longitude: -118.697

    Address

  • Full Address: 23950 Malibu Rd
  • Address - House Number: 23950
  • Address - Street Name: Malibu
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Malibu
  • Carrier Code: C002
  • 4-Digit Zip Code: 4606
  • Zip Code: 90265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $210,737
  • Tax Rate Code Area: 10-865

    Appraisal Valuation

  • Standard Deviation: 0.237
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 5,734,781
  • High Value: 7,094,174
  • Low Value: 4,375,388

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,000,000
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jun 08, 2021
  • First Open Lien Mortgage Loan Amount: $10,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,519,120
  • Assessed Land Value: $16,646,400
  • Assessed Improvements Value: $1,872,720

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 14, 2020
  • Current Sale Recording Date: Aug 24, 2020
  • Current Sale Transaction ID: 11783480185
  • Current Sale Price: $17,800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20-0988298
  • Previous Sale Recording Date: Jul 17, 2014
  • Previous Sale Contract Date: Jul 15, 2014
  • Previous Sale Amount: $7,010,070
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITY NATIONAL BANK
  • First Mortgage Transaction Date: Aug 24, 2020
  • First Mortgage Loan Amount: $10,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST REPUBLIC BANK
  • Previous Mortgage Transaction Date: Jul 17, 2014
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $4,485,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Aug 01, 2044



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Eastern Malibu


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 23914 De Ville Way, Malibu, CA, 90265

$9,000 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,746 ft²
23914 De Ville Way #D, Malibu, CA, 90265 Listing by Robert Abbey
Unit for rent at 25164 Malibu Rd, MALIBU, CA, 90265

$6,100 /mo

  • 1 Bed
  • 1 Bath
  • 950 ft²
25164 Malibu Rd #D, MALIBU, CA, 90265 Listing by Allen Sarlo


Frequently Asked Questions

When was property at 23950 Malibu Road built and last sold?
The property at 23950 Malibu Road was built in 1953 and last sold on Aug 14, 2020 for $17,800,000.
How much is this home worth?
The estimated value of the home located at 23950 Malibu Road is $18,798,298.
What are some comparable homes to 23950 Malibu Road?
There are currently no comparable homes to 23950 Malibu Road.

Quantcast