NOT LISTED FOR SALE

11968 Oceanaire Ln Malibu, CA 90265

Estimated Value: $1,478,865 - $1,755,000

2 Beds
2 Baths
986 Sq Ft
$947/mo HOA Fee

Last Sold July 31, 2024

Last sale price $1,625,000 $1,648 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,711/month

12 Days on Market

Highlights

  • Ocean Front
  • Heated In Ground Pool
  • Gated Community
  • New Construction
  • Solar Power System
  • Wood Flooring

About This Home

As of July 2024

Brand new Malibu Beach Condominium!! Welcome to the Malibu Bay Club located on an oceanfront bluff offering an incredibly serene beach lifestyle. Known for its cove beaches and natural beauty, this property is an ocean lover's paradise, mere steps from the sand. Oceanaire Lane is a penthouse corner unit offering endless ocean and coastline views from Point Dume to the Channel Islands. Completely rebuilt from the ground up and drenched in natural light, this top floor unit features an open floor plan with brand new finishes top to bottom, large custom kitchen, breakfast and dining area, living room with walls of glass and a sliding door that opens to an expansive deck. The oceanside primary suite offers stunning views from every corner with a luxurious bathroom with custom built-ins. The second bedroom has views of the untouched mountains across the Hwy and a secondary bathroom with custom tile work and bathtub. Enjoy unobstructed views towards Point Dume overlooking the state parkland which offers one of the local's favorite surf breaks! Private laundry room, A/C, ceiling fans, custom shades and window coverings and beautiful fixtures and finishes throughout. 2 car tandem carport plus an additional third uncovered parking space. Don't miss this rare opportunity to own this premier penthouse corner unit in time for summer. The Malibu Bay Club is one of only a few beachfront complexes in Malibu. Gated with secured entry, beautiful pool area with spa and direct beach access to sandy coves.

Last Listed By

Tara Switzer

Coldwell Banker Realty License #01422161 Listed on: 06/03/2024

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,446

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Ocean Front
  • End Unit
  • South Facing Home
  • Gated Home
  • Sprinkler System

HOA Fees

Property Views

  • Ocean
  • Coastline
  • Mountain

Interior Spaces

  • 986 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • 2 Attached Carport Spaces

Eco-Friendly Details

  • Solar Power System

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Pool Heated With Propane

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 700-0-250-145

Community Details

Overview

  • 136 Units
  • Community Property Management Association

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,446

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$947 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Brand new Malibu Beach Condominium!! Welcome to the Malibu Bay Club located on an oceanfront bluff offering an incredibly serene beach lifestyle. Known for its cove beaches and natural beauty, this property is an ocean lover's paradise, mere steps from the sand. Oceanaire Lane is a penthouse corner unit offering endless ocean and coastline views from Point Dume to the Channel Islands. Completely rebuilt from the ground up and drenched in natural light, this top floor unit features an open floor plan with brand new finishes top to bottom, large custom kitchen, breakfast and dining area, living room with walls of glass and a sliding door that opens to an expansive deck. 2 car tandem carport plus an additional third uncovered parking space. Private laundry room, A/C, ceiling fans, custom shades and window coverings and beautiful fixtures and finishes throughout.
  • Complex Name: Malibu Bay Club
  • Entry Floor: 3
  • Living Area: 986
  • Lot Acreage: 0.0300
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: New Construction
  • Stories: 1
  • Unit Floor In Building: 3
  • Year Built: 2023
  • Number Of Photos: 42
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Flooring: Wood, Tile
  • Appliances: Cooktop - Electric, Oven-Electric, Microwave
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Breakfast Counter / Bar
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Electric Dryer Hookup, Garbage Disposal, Refrigerator, Range/Oven, Microwave, Solar Panels
  • Price Per S Q F T: 1673.43

Exterior Features

  • Direction Faces: South
  • Other Features: Balcony, End Unit, Sliding Glass Doors, Sprinkler System
  • Patio: Balcony
  • Pool Description: Heated with Propane, Association Pool, Heated, Community
  • Pool: Yes
  • Spa: Association Spa, Community, Heated with Propane, Heated
  • Spa Yn: Yes
  • View: Ocean, Mountains, Coastline
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Carport Spaces: 2
  • Other Spaces: 1
  • Covered Parking: 2
  • Parking Garage: Carport Attached, Uncovered
  • Total Parking: 3

Utilities

  • Water District: Yerba Buena Well Water
  • Water Heater: Electric
  • Cooling: Air Conditioning
  • Heating: Wall
  • Security: Card/Code Access, Community, Gated
  • Sewer: Septic Tank
  • Water: Well

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Controlled Access, Gated Community, Pool, Spa
  • Pet Rules: Assoc Pet Rules, Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • HOA Fees: 477.00
  • Management Company: Community Property Management
  • Mgmt Co 2: Concord Consulting & Assoc
  • HOA Fees: 469.98
  • HOA: Yes
  • Unit Location: Penthouse

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 700-0-250-145
  • Lot Description: Gated Community
  • Lot Size Area: 1306

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 136

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Jun 20, 2024
Sold by
Vance And Patricia Meyer 2014 Real Prope and Meyer Vance
Bought by
Winnaman Shelley
Seller's Agent
Tara Switzer
Coldwell Banker Realty
Buyer's Agent
Sawyer Rost
Douglas Elliman of California, Inc.
List Price
$1,650,000
Sold Price
$1,625,000
Premium/Discount to List
-$25,000
-1.52%
Total Days on Market
12
Views
26
Current Estimated Value
$1,578,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,534
Avg. Annual Appreciation
-9.60%
Original Mortgage
$1,120,000
Outstanding Balance
$1,113,293
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$394,782

Purchase Details

Listed on
Mar 27, 2014
Closed on
Dec 5, 2014
Sold by
Meyer Vance T and Meyer Patricia M
Bought by
Vance & Patricia Meyer 2014 Real Propert
Seller's Agent
Tara Switzer
Coldwell Banker Realty
Buyer's Agent
Christine Rodgerson
Coldwell Banker Realty
List Price
$675,000
Sold Price
$665,000
Premium/Discount to List
-$10,000
-1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$315,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 27, 2014
Closed on
Nov 11, 2014
Sold by
Feldman Regine R
Bought by
Meyer Vance T and Meyer Patricia M
Seller's Agent
Tara Switzer
Coldwell Banker Realty
Buyer's Agent
Christine Rodgerson
Coldwell Banker Realty
List Price
$675,000
Sold Price
$665,000
Premium/Discount to List
-$10,000
-1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2010
Sold by
Feldman Phillip and Feldman Regine R
Bought by
Feldman P Nmn and Feldman Regine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2005
Sold by
Feldman Phillip and Feldman Regine R
Bought by
Feldman P Nmn and Feldman Regine R

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
Winnaman Shelley $1,625,000 Lawyers Title
Vance & Patricia Meyer 2014 Real Propert -- None Available
Meyer Vance T $665,000 Equity Title Company
Feldman P Nmn -- Chicago Title Company
Feldman Phillip -- Chicago Title Company
Feldman P Nmn -- --
Feldman Phillip -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winnaman Shelley $1,120,000
Previous Owner Meyer Vance T $315,000
Previous Owner Feldman Phillip $200,000
Previous Owner Feldman Phillip $200,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $1,625,000 -1.5% $1,648 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $1,650,000 +148.1% $1,673 / Sq Ft
11/21/2014 11/21/14 Sold $665,000 -1.5% $674 / Sq Ft
10/06/2014 10/06/14 Pending -- -- --
09/29/2014 09/29/14 For Sale $675,000 0.0% $685 / Sq Ft
09/29/2014 09/29/14 Price Changed $675,000 +1.5% $685 / Sq Ft
09/19/2014 09/19/14 Off Market $665,000 -- --
07/15/2014 07/15/14 Price Changed $695,000 -6.7% $705 / Sq Ft
03/27/2014 03/27/14 For Sale $745,000 -- $756 / 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
2024 $11,446 $783,551 $665,726 $117,825
2023 $10,567 $675,776 $652,673 $23,103
2022 $8,096 $479,906 $479,906 $0
2021 $7,797 $470,497 $470,497 $0
2020 $6,876 $465,673 $465,673 $0
2019 $8,400 $456,543 $456,543 $0
2018 $11,108 $702,415 $596,789 $105,626
2017 $10,824 $688,643 $585,088 $103,555
2016 $10,588 $675,141 $573,616 $101,525
2015 $10,764 $665,000 $565,000 $100,000
2014 $6,148 $298,864 $181,130 $117,734
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-399467

The MLS

APN: 700-0-250-145