Seller's Agent in 2023
Jade Mills
Coldwell Banker Realty
(310) 285-7508
1 in this area
157 Total Sales
24300 Malibu Rd Malibu, CA 90265
Malibu Road NeighborhoodEstimated Value: $4,320,000 - $22,678,934
4
Beds
5
Baths
5,085
Sq Ft
$2,655/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Heated In Ground Pool
- Contemporary Architecture
- Webster Elementary School Rated A
- Fireplace in Primary Bedroom
- Wood Flooring
About This Home
As of December 2023World class custom-built, all new Contemporary oceanfront masterpiece ideally located on famed Malibu Road beach. Set on approximately 100 feet of pristine sandy beach frontage with private gated beach access and a coveted private pool and spa. Fire pit and additional spa on the Ipe wood rooftop deck. Push a button and the walls of glass disappear leaving only the glass railings between you and the Pacific! Wide open concept design leads you to view the tide pools or the surfer's beyond! With over 5,000 sq.ft. of living space, this home offers fine artisan custom finishes throughout including walnut wood interior cabinetry, heated Italian porcelain floors, Smart home Control 4 home automation, state of the art Lutron lighting system, Dornbracht and Fantini plumbing fixtures, Miele top-of-the-line appliances, and Quartzite kitchen and bathroom countertops. Built on 27 caissons that go 60 feet deep and are anchored to solid bedrock. The master bedroom and main floor capture unobstructed ocean vistas. Watch the coast light up at night and the "Queens necklace" view sparkle! This prime location allows for easy access and close proximity to some of the finest restaurants, shopping, and entertainment in all of Malibu. This impressive and immaculate oceanfront estate embodies California living at its absolute finest.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $268,146
Year Built
- Built in 2021
Lot Details
- 7,186 Sq Ft Lot
- Lot Dimensions are 103x63
- Property is zoned LCR106
Parking
- 2 Car Attached Garage
- Garage Door Opener
- On-Street Parking
Property Views
- White Water Ocean
- Coastline
Home Design
- Contemporary Architecture
Interior Spaces
- 5,085 Sq Ft Home
- 2-Story Property
- Entryway
- Family Room with Fireplace
- Living Room
- Dining Area
- Wood Flooring
Kitchen
- Oven or Range
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Security Lights
- Fire Sprinkler System
- Firewall
Pool
- Heated In Ground Pool
- Heated Spa
Outdoor Features
- Covered patio or porch
- Fire Pit
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4458-011-011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2023
Closed on
Nov 27, 2023
Sold by
24300 Malibu Road Llc
Bought by
Patrick Kelly Living Trust and Kelly
Seller's Agent
Jade Mills
Coldwell Banker Realty
Buyer's Agent
Susan Monus
Coldwell Banker Realty
List Price
$29,995,000
Sold Price
$23,375,000
Premium/Discount to List
-$6,620,000
-22.07%
Total Days on Market
69
Views
431
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,875,533
Avg. Annual Appreciation
-32.02%
Purchase Details
Closed on
Dec 15, 2022
Sold by
24300 Malibu Road Llc
Bought by
24300 Malibu Road Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000,000
Interest Rate
7.08%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2016
Sold by
Lamb Clifton G
Bought by
24300 Malibu Road Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.62%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Nov 15, 2011
Sold by
Lamb Clifton G and Galway Trust
Bought by
Lamb Clifton G and Galway Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,047,561
Interest Rate
4.06%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Oct 16, 2000
Sold by
Fanning Craig H and Fanning Tena M
Bought by
Ctf Llc
Purchase Details
Closed on
Dec 8, 1999
Sold by
Kim Sarah
Bought by
Fanning Craig H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.82%
Mortgage Type
Balloon
Purchase Details
Closed on
Sep 21, 1999
Sold by
Cho Jae Sung
Bought by
Kim Sarah
Purchase Details
Closed on
Aug 5, 1999
Sold by
Nevada Western Investment Inc
Bought by
Kim Sarah
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patrick Kelly Living Trust | $23,375,000 | Equity Title Company | |
| 24300 Malibu Road Llc | -- | Old Republic Title | |
| 24300 Malibu Road Llc | $6,000,000 | Chicago Title Company | |
| Lamb Clifton G | -- | Stewart Title | |
| Ctf Llc | -- | -- | |
| Fanning Craig H | -- | -- | |
| Fanning Craig H | $1,600,000 | Equity Title | |
| Kim Sarah | -- | Equity Title | |
| Kim Sarah | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 24300 Malibu Road Llc | $13,000,000 | |
| Previous Owner | 24300 Malibu Road Llc | $1,225,000 | |
| Previous Owner | 24300 Malibu Road Llc | $11,550,000 | |
| Previous Owner | 24300 Malibu Road Llc | $10,000,000 | |
| Previous Owner | 24300 Malibu Road Llc | $1,200,000 | |
| Previous Owner | 24300 Malibu Road Llc | $3,237,000 | |
| Previous Owner | Lamb Clifton G | $3,047,561 | |
| Previous Owner | Galway Trust | $4,000,000 | |
| Previous Owner | Galway Trust | $4,000,000 | |
| Previous Owner | Fanning Craig H | $1,000,000 | |
| Closed | 24300 Malibu Road Llc | $3,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/07/2023 12/07/23 | Sold | $23,375,000 | -22.1% | $4,597 / Sq Ft |
| 11/30/2023 11/30/23 | Pending | -- | -- | -- |
| 09/22/2023 09/22/23 | For Sale | $29,995,000 | -- | $5,899 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $268,146 | $23,375,000 | $19,832,500 | $3,542,500 |
| 2023 | $87,961 | $7,610,101 | $6,826,974 | $783,127 |
| 2022 | $86,961 | $7,460,884 | $6,693,112 | $767,772 |
| 2021 | $84,953 | $7,314,593 | $6,561,875 | $752,718 |
| 2019 | $74,712 | $6,367,248 | $6,367,248 | $0 |
| 2018 | $71,021 | $6,242,400 | $6,242,400 | $0 |
| 2016 | $33,800 | $2,932,654 | $2,932,654 | $0 |
| 2015 | $33,346 | $2,888,603 | $2,888,603 | $0 |
| 2014 | $32,831 | $2,832,020 | $2,832,020 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jade Mills
-
Emanuele Rizzo
E
Seller Co-Listing Agent in 2023
Emanuele Rizzo
Coldwell Banker Realty
(310) 777-6200
1 in this area
1 Total Sale
-
Susan Monus
Buyer's Agent in 2023
Susan Monus
Coldwell Banker Realty
(310) 663-1554
3 in this area
31 Total Sales
Map
Similar Homes in Malibu, CA
Source: The MLS
MLS Number: 23-314205
APN: 4458-011-011
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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