NOT LISTED FOR SALE

Estimated Value: $6,665,000

7 Beds
11 Baths
-- Sq Ft
5.92 Acres

Last Sold May 22, 2023

Last sale price $190,000,000

Current estimated payment $43,865/month

148 Days on Market

Highlights

  • Ocean View
  • Guest House
  • 5.92 Acre Lot
  • Webster Elementary School Rated A
  • In Ground Pool
  • Contemporary Architecture

About This Home

As of May 2023

For comp purposes only.

Last Listed By

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 11/08/2022

Westside Estate Agency Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,663,781

Year Built

  • 1973

Lot Details

  • 5.92 Acre Lot
  • Property is zoned LCR120000*

Parking

  • Private Parking

Property Views

  • Ocean
  • City Lights

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 11 Full Bathrooms

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4460-031-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,663,781

Year Built

1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Lot Acreage: 5.9203
  • Stories: 2
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Year Built (Public Record): 1973

Interior Features

  • Bedrooms: 7
  • Full Bathroom: 11
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 11.00
  • Den: 0
  • Equipment: Built-Ins

Exterior Features

  • Other Structures: GuestHouse
  • Pool Description: Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: Ocean, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Private

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4460-031-017
  • Lot Size Area: 257888

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Apr 17, 2023
Sold by
Rosebud Ventures Llc
Bought by
Sc Malibu Trust and Giliberti
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
Kurt Rappaport
Westside Estate Agency Inc.
List Price
$245,000,000
Sold Price
$190,000,000
Premium/Discount to List
-$55,000,000
-22.45%
Total Days on Market
148
Current Estimated Value
$6,665,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$183,335,000
Avg. Annual Appreciation
-81.64%

Purchase Details

Closed on
Jun 3, 2003
Sold by
Soka Gakkai International Usa
Bought by
Rosebud Ventures Llc

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
Sc Malibu Trust $190,000,000 First American Title
Rosebud Ventures Llc -- Stewart Title Of Ca Inc
Soka Gakkai International Usa -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosebud Ventures Llc $90,000,000
Previous Owner Rosebud Ventures Llc $87,750,000
Previous Owner Rosebud Ventures Llc $50,000,000
Previous Owner Rosebud Ventures Llc $50,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2023 05/22/23 Sold $190,000,000 -22.4% --
04/05/2023 04/05/23 Pending -- -- --
11/08/2022 11/08/22 For Sale $245,000,000 -- --
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 $1,663,781 $145,350,000 $95,625,000 $49,725,000
2023 $306,668 $26,594,304 $15,453,193 $11,141,111
2022 $303,082 $26,072,848 $15,150,190 $10,922,658
2021 $296,180 $25,561,617 $14,853,128 $10,708,489
2019 $290,474 $24,803,447 $14,412,577 $10,390,870
2018 $275,103 $24,317,106 $14,129,978 $10,187,128
2016 $223,767 $19,696,375 $13,581,295 $6,115,080
2015 $220,761 $13,650,518 $13,377,292 $273,226
2014 $153,156 $13,383,124 $13,115,250 $267,874
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-308929

The MLS

APN: 4460-031-017