See Home Value
$43,228,664*
House - Off Market

28936 Cliffside Dr

Malibu, CA 90265
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4966 Sqft
$39,150,000 - $47,850,000
Reference Base Price*
-0.62%
Since Oct 1, 2023
National-US
Primary Model
Sold Sep 29, 2020
$20,000,000
$10,000,000 by Jpmorgan Chase Bank Na
Mortgage Due Jan 01, 2052

About This Property

Commanding an unobstructed panorama of sky and sea, this gated Point Dume contemporary estate with Riviera 3 beach key is magnificently sited on a bluff-front property of more than an acre and exquisitely updated for recreation, relaxation, and impressive entertaining. Every aspect of the interior and exterior design and landscaping emphasizes the home's architectural beauty, tranquil comfort, and gorgeous views. From the motor court, a walkway and ramp overlook the serene front gardens. This spacious and very private sanctuary features a heated swimming pool and brand-new Jacuzzi with an enormous new wood deck, a new firepit, and an outdoor kitchen complete with a barbecue, pizza oven, ice machine, sink, and small fridge. The home's top floor formal entry reveals the dramatic open floor plan, high ceilings, glossy hardwood floors, and views, views, views. The living/dining great room has a central round fireplace, large greenhouse-inspired windows on one side, and a wall of glass on the other, opening onto a glass-railed entertainer's deck that runs the full width of the house. The adjoining gourmet kitchen is fully refurbished, with an eat-in counter that is open to the dining area, pass-through windows to the deck, and stunning ocean views. This level has been opened to feature a spacious family room with a fireplace, flat-screen TV, and ocean views. Also on this level is a powder room with a shower. The deck extends to a partially covered floating walkway and steps down to the very private backyard with sweeping ocean views, a wood patio for al fresco dining and relaxation, and a fire pit with a seating area. Stairs from the formal entry lead to the lower level, where there is access to the front yard and pool, plus four ocean-view bedrooms. These include the spacious owner's suite, with high ceilings, a wall of closets, flat-screen TV, a sensational, newly refurbished bathroom, and glass doors to an ocean-view Jacuzzi, a full-width wood deck, the grassy yard, and the bluff front with amazing ocean views. Beautifully landscaped in a style that is both manicured and natural, every step of the backyard highlights the view, with a path that meanders from one seating area to another. At the front of the house is a three-car garage guesthouse with an exceptionally spacious and comfortable tiered home theater with surround sound and a kitchenette on the lower level. Upstairs is a spacious guest suite with a living room, dining area, and full kitchen. Additional features include ample guest parking, a 60-foot regulation bocce court, a Control 4 system for interior and exterior lighting and sound, as well as 38 370KW solar electric panels, plus 14 hot water solar panels to heat the pool. This estate is Malibu beachfront comfort at its finest. Available for lease as of July 1, 2023.

The manager has listed the unit size as 4966 square feet.
Unit Size
4,966Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$8,760
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978

Price History

Date / Event Date Event Price
Sep 10, 2023 No longer available -
No longer available
Mar 9, 2023 Listed $43,500,000
Listed
Oct 6, 2021 No longer available -
No longer available
Aug 22, 2020 In contract -
In contract
Apr 22, 2020 Price Decreased $21,500,000
↓ $2M (8.5%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: D
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 44,934
  • Total Building Area: 3,556
  • Building Area: 3,556
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,556
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RANCHO TOPANGA MALIBU SEQUIT
  • Land Acres: 1.032
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RECORD OF SURVEY AS PER BK 57 PG 9 1O OF RECORD OF SURVEYS EX OF ST LOT/SEC 65

Ownership

  • Current Owner : CORTAZZO CHRISTOPHER
  • Current Owner 2: CHRISTOPHER CORTAZZO TRUST
  • Previous Owner : SEYBOLD JONATHAN W
  • Previous Owner 2: SEYBOLD PATRICIA M
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 800412

Zoning

  • Zoning: LCRA1*

Geography

  • Assessors Map Reference: 110-C5
  • Parcel: 4466-009-013
  • Lot: 65
  • Municipality: WEST /POINT DUME
  • Latitude: 34.0073
  • Longitude: -118.799

    Address

  • Full Address: 28936 Cliffside Dr
  • Address - House Number: 28936
  • Address - Street Name: Cliffside
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Malibu
  • Carrier Code: C103
  • 4-Digit Zip Code: 4212
  • Zip Code: 90265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $236,595
  • Tax Rate Code Area: 10-860

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 3,932,297
  • High Value: 4,825,317
  • Low Value: 3,039,277

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,000,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Dec 29, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • 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: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,808,000
  • Assessed Land Value: $18,727,200
  • Assessed Improvements Value: $2,080,800

    Sales

  • Current Sale Contract Date: Sep 22, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Transaction ID: 11789123212
  • Current Sale Price: $20,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1190159



Comparables

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

About Central Malibu


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Unit for rent at 6784 Shearwater Ln, Malibu, CA, 90265

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Frequently Asked Questions

When was property at 28936 Cliffside Drive built and last sold?
The property at 28936 Cliffside Drive was built in 1978 and last sold on Sep 22, 2020 for $20,000,000.
How much is this home worth?
The estimated value of the home located at 28936 Cliffside Drive is $43,935,000.
What are some comparable homes to 28936 Cliffside Drive?
There are currently no comparable homes to 28936 Cliffside Drive.

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