NOT LISTED FOR SALE

Estimated Value: $7,478,000 - $86,138,584

8 Beds
13 Baths
11,313 Sq Ft
$4,138/Sq Ft Est. Value

Last Sold December 21, 2022

Last sale price $91,000,000 $8,044 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $348,871/month

55 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Detached Guest House
  • Webster Elementary School Rated A
  • Property has ocean access
  • Greenhouse

About This Home

As of December 2022

A true once in a generation opportunity to acquire one of Malibu's most beautiful oceanfront estates in Paradise Cove. Located in Malibu's most exclusive private gated enclaves, situated on 6.7 magnificent acres overlooking spectacular head-on ocean views. A long private driveway leads to a beautiful Mediterranean estate surrounded by magnificent gardens, tall walls and stunning views of the Pacific Ocean and a secluded private beach paradise. This beautiful estate is one of Southern California's most significant properties, which opens to a grand 2-story foyer, an incredible living room with soaring ceilings, a gourmet kitchen with a breakfast room rotunda and large family room, a full movie theater with state-of-the-art electronics, stunning primary suite, two offices, gym, and much more. Spectacular grounds include a resort-like swimming pool, north/south lighted championship tennis court and guest house. Featuring your own private path and walkway to one of the most incredible beaches in the world. Shown to pre-qualified clients only.

Last Listed By

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 10/26/2022

Westside Estate Agency Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,057,367

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 6.71 Acre Lot
  • Lot Dimensions are 239x1128
  • Beach Front
  • Property fronts a private road
  • South Facing Home
  • Fenced Yard
  • Gated Home
  • Block Wall Fence
  • Chain Link Fence
  • Bluff on Lot
  • Landscaped
  • Secluded Lot
  • Sprinkler System
  • Lawn
  • Back and Front Yard
  • Property is zoned LCR120000*

Parking

  • 3 Car Attached Garage
  • 7 Open Parking Spaces
  • Garage Door Opener
  • Auto Driveway Gate
  • Driveway
  • Guest Parking
  • Controlled Entrance

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Bluff
  • Mountain
  • Courtyard

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Barrel Roof Shape
  • Clay Roof

Interior Spaces

  • 2-Story Property
  • Dual Staircase
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Beamed Ceilings
  • Coffered Ceiling
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Decorative Fireplace
  • Gas Fireplace
  • Tinted Windows
  • Custom Window Coverings
  • Bay Window
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room with Fireplace
  • 7 Fireplaces
  • Home Theater
  • Home Office
  • Utility Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Room
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Powder Room
  • Bathtub with Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Security Lights
  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Solar Power System

Pool

  • Solar Heated Infinity Pool
  • Heated Spa
  • Waterfall Pool Feature

Outdoor Features

  • Property has ocean access
  • Tennis Courts
  • Balcony
  • Wrap Around Porch
  • Fire Pit
  • Greenhouse
  • Built-In Barbecue
  • Rain Gutters

Additional Homes

  • Detached Guest House
  • Fireplace in Guest House

Utilities

  • Central Heating
  • Water Heater
  • Septic Tank
  • Phone System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4460-033-023

Community Details

Security

  • 24-Hour Security
  • Card or Code Access
  • Gated Community

Additional Features

  • No Home Owners Association
  • Service Entrance

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,057,367

Year Built

Built in 1975 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Lot Acreage: 6.7073
  • Lot Dimensions: 239x1128
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1975
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases, Built-Ins, Cathedral-Vaulted Ceilings, Coffered Ceiling(s), High Ceilings (9 Feet+), Intercom, Pre-wired for high speed Data, Pre-wired for surround sound, Recessed Lighting, Storage Space, Turnkey, Living Room Deck Attached, Phone System, Beamed Ceiling(s), Two Story Ceilings
  • Number Of Remote Controls: 3
  • Fireplace Rooms: Fire Pit, Family Room, Dining, Gas, Guest House, Kitchen, Living Room, Decorative, Gas and Wood, Master Bedroom, Master Retreat
  • Flooring: Mixed, Carpet, Wood, Stone Tile
  • Appliances: Cooktop - Gas, Double Oven, Microwave, Oven-Gas, Range, Built-In BBQ
  • Bedrooms: 8
  • Fireplaces: 7
  • Full Bathroom: 5
  • Half Bathroom: 4
  • Bedroom Features: Dressing Area, Main Floor Bedroom, Master Bedroom, Master Retreat, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Linen Closet, Powder Room, Remodeled, Shower and Tub
  • Three Quarter Bathrooms: 4
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Breakfast Room, Dining Area, Family Kitchen, Family Room, In Kitchen, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Island, Open to Family Room, Pantry, Remodeled, Counter Top
  • Laundry: Room, Inside
  • Total Bathrooms: 13.00
  • Den: 1
  • Equipment: Alarm System, Built-Ins, Barbeque, Dishwasher, Dryer, Freezer, Garbage Disposal, Intercom, Microwave, Phone System, Range/Oven, Refrigerator, Solar Panels, Washer
  • Fireplace: Yes
  • Windows: Bay Window, Custom Window Covering, Skylights, Tinted Windows, French Windows

Exterior Features

  • Direction Faces: South
  • Other Features: Balcony, Barbecue Private, Double Door Entry, French Doors, High Ceilings (9 Feet+), Rain Gutters, Service Entrance, Sprinkler System
  • Other Structures: Greenhouse, GuestHouse, Other
  • Tennis Court: North/South, Private, Private Tennis Court
  • Tennis Court Y/N: Yes
  • Fence: Block, Chain Link, Privacy
  • Guest House: Detached
  • Patio: Balcony, Deck(s), Living Room Deck Attached, Wrap Around Porch
  • Pool Description: In Ground, Heated, Negative Edge/Infinity Pool, Waterfall, Solar Heat
  • Pool: Yes
  • Roof: Barrel, Clay, Tile
  • Spa: Heated, Hot Tub, Private
  • Spa Yn: Yes
  • View: Bluff, Catalina, City Lights, Coastline, Courtyard, Mountains, Ocean, Panoramic, White Water
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 7
  • Covered Parking: 3
  • Parking Garage: Attached, Controlled Entrance, Door Opener, Garage - 3 Car, Driveway, Driveway Gate, Garage Is Attached, Private, Private Garage, Parking for Guests - Onsite
  • Total Parking: 10

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Solar, Water Heater Unit
  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Automatic Gate, Card/Code Access, Exterior Security Lights, Gated, Carbon Monoxide Detector(s), Smoke Detector, T.V., Prewired for alarm system, 24 Hour
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4460-033-023
  • Lot Description: Automatic Gate, Back Yard, Bluff Front, Exterior Security Lights, Fenced, Fenced Yard, Front Yard, Gated Community, Landscaped, Lawn, Secluded, Yard, Gutters
  • Lot Location: Beach Access, Beach Front, Bluff Front, Ocean Access, Ocean Front, Private Road
  • Lot Size Area: 292170

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2022
Closed on
Nov 14, 2022
Sold by
Sl Malibu Trust
Bought by
28060 Sea Lane Llc
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
Paul Lester
The Agency
List Price
$110,000,000
Sold Price
$91,000,000
Premium/Discount to List
-$19,000,000
-17.27%
Total Days on Market
55
Views
926
Current Estimated Value
$46,808,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,191,708
Avg. Annual Appreciation
-24.55%

Purchase Details

Closed on
Nov 27, 2013
Sold by
Sea Lane Malibu Corporation
Bought by
Dolabson Keith and Sl Malibu Trust

Purchase Details

Listed on
Aug 31, 2010
Closed on
Dec 20, 2012
Sold by
Ajm Holdings Llc
Bought by
Sea Lane Malibu Corporation
Seller's Agent
Jack Pritchett
Sotheby's International Realty
Buyer's Agent
Jeff Chertow
Pinnacle Estate Properties
List Price
$45,000,000
Sold Price
$36,500,000
Premium/Discount to List
-$8,500,000
-18.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%

Purchase Details

Closed on
Aug 1, 2012
Sold by
Moskowitz Jeffrey
Bought by
Ajm Holdings Llc

Purchase Details

Closed on
Dec 8, 2011
Sold by
Moskowitz Jeffrey
Bought by
Moskowitz Jeffrey and Palevsky Childrens Trust

Purchase Details

Closed on
May 9, 2009
Sold by
Moskowitz Jeffrey
Bought by
Moskowitz Jeffrey and Palevsky Childrens Trust

Purchase Details

Closed on
Mar 6, 1998
Sold by
Palevsky Max
Bought by
Palevsky Max and Max Palevsky Residence Trust

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
28060 Sea Lane Llc $90,450,000 Equity Title
Dolabson Keith -- None Available
Sea Lane Malibu Corporation $36,500,365 Equity Title
Ajm Holdings Llc -- None Available
Moskowitz Jeffrey -- None Available
Palevsky Max -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 28060 Sea Lane Llc $40,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2022 12/21/22 Sold $91,000,000 -17.3% $8,044 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
10/26/2022 10/26/22 For Sale $110,000,000 +201.4% $9,723 / Sq Ft
12/28/2012 12/28/12 Sold $36,500,000 -18.9% $3,226 / Sq Ft
12/26/2012 12/26/12 Pending -- -- --
06/28/2011 06/28/11 For Sale $45,000,000 +23.3% $3,978 / Sq Ft
06/22/2011 06/22/11 Off Market $36,500,000 -- --
12/14/2010 12/14/10 Price Changed $45,000,000 -18.2% $3,978 / Sq Ft
08/31/2010 08/31/10 For Sale $55,000,000 -- $4,862 / 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 $1,057,367 $92,259,000 $86,700,000 $5,559,000
2023 $1,038,383 $90,450,000 $85,000,000 $5,450,000
2022 $521,019 $44,901,011 $39,125,221 $5,775,790
2021 $509,172 $44,020,600 $38,358,060 $5,662,540
2019 $499,361 $42,714,927 $37,220,340 $5,494,587
2018 $473,974 $41,877,380 $36,490,530 $5,386,850
2016 $457,251 $40,251,232 $35,073,559 $5,177,673
2015 $451,121 $39,646,622 $34,546,722 $5,099,900
2014 $444,063 $38,870,000 $33,870,000 $5,000,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-210429

The MLS

APN: 4460-033-023