NOT LISTED FOR SALE

31616 Broad Beach Rd Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $7,984,000 - $9,812,000

5 Beds
5 Baths
3,734 Sq Ft
$2,435/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $8,450,000 $2,263 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $58,882/month

146 Days on Market

Highlights

  • White Water Ocean Views
  • Detached Guest House
  • Home Theater
  • Malibu Elementary School Rated A
  • 24-Hour Security
  • Heated In Ground Pool

About This Home

As of October 2021

With high, barrel-vault ceilings, generous windows, wraparound decks and sensational sightlines, this contemporary home designed by Melinda Gray is a tranquil retreat and entertainer's dream. Clean lines, fine woodwork, indoor-outdoor flow, lavish light throughout. Two-story ocean-view living room with fireplace, separate sitting area, spacious view deck for dining, relaxing, entertaining. Gracious formal dining room opens to deck. Chefs kitchen has granite countertops, island with bar seating, views of pool and ocean. Main floor en-suite bedroom plus cylindrical office/den/media room. Three bedrooms upstairs include ocean-view owners suite with wraparound balcony, separate mezzanine library with two balconies. Pool deck provides additional entertaining area, with lawn, sauna, room for dining and lounging. Guesthouse/studio with kitchenette and bath. Two-car garage. Steps to beach access. An architectural residence of tremendous style, inspired design, and majestic panoramic views.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 03/31/2021

Compass

Last Buyer's Agent

Paul Woodman

Coldwell Banker Realty License #01338766

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $104,064

Year Built

  • Built in 1989

Lot Details

  • 0.33 Acre Lot
  • Gated Home
  • Landscaped
  • Lawn
  • Front Yard
  • Property is zoned LCR1*

Parking

  • 1 Car Garage
  • Private Parking
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • On-Street Parking
  • Uncovered Parking

Property Views

  • White Water Ocean
  • Coastline
  • Mountain

Home Design

  • Turnkey

Interior Spaces

  • 3,734 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Skylights in Kitchen
  • Recessed Lighting
  • French Doors
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Theater
  • Home Office
  • Library
  • Loft
  • Sauna
  • Intercom
  • Laundry Room

Kitchen

  • Kitchenette
  • Open to Family Room
  • Breakfast Bar
  • <<convectionOvenToken>>
  • Range<<rangeHoodToken>>
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Concrete
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters
  • 5 Full Bathrooms
  • <<tubWithShowerToken>>

Pool

  • Heated In Ground Pool
  • Pool Tile

Outdoor Features

  • Oceanside
  • Balcony
  • Open Patio

Utilities

  • Radiant Heating System
  • Property is located within a water district
  • Septic Tank

Additional Features

  • Detached Guest House
  • Property is near public transit

Community Details

  • No Home Owners Association
  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 4470-023-048

Home Details

Home Type

Single Family

Est. Annual Taxes

$104,064

Year Built

Built in 1989

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Foyer
  • Living Area: 3734
  • Lot Acreage: 0.3285
  • Stories: 2
  • Year Built: 1989
  • Number Of Photos: 41
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Intercom, High Ceilings (9 Feet+), Detached/No Common Walls, Living Room Deck Attached, Recessed Lighting, Turnkey
  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Cement, Wood, Marble, Stone Tile
  • Appliances: Built-Ins, Convection Oven, Oven, Range
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, Dressing Area, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Powder Room, Shower and Tub, Shower Stall, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Counter / Bar, Family Room, In Kitchen, Kitchen Island, Living Room, Dining Area
  • Kitchen Features: Granite Counters, Kitchenette, Open to Family Room, Skylight(s)
  • Laundry: Inside, Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Freezer, Garbage Disposal, Intercom, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 2408.94
  • Windows: French Windows, Skylights

Exterior Features

  • Other Features: Balcony, French Doors, High Ceilings (9 Feet+), Sauna Private
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Patio: Balcony, Deck(s), Living Room Deck Attached, Wood
  • Pool Description: Heated And Filtered, In Ground, Tile, Private
  • Pool: Yes
  • Spa Yn: No
  • View: Coastline, White Water, Ocean, Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Garage: Driveway, Parking for Guests, On street, Private, Uncovered, Door Opener, Garage - 1 Car
  • Total Parking: 5

Utilities

  • Heating: Radiant
  • Security: 24 Hour, Gated
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4470-023-048
  • Lot Description: Fenced, Front Yard, Lawn, Landscaped, Street Paved, Yard
  • Lot Location: Ocean Side Of Highway 1, Park Nearby, Near Public Transit
  • Lot Size Area: 14310

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
Oct 4, 2021
Sold by
Jones Russell Stephen
Bought by
Janell Y Bean Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Paul Woodman
Coldwell Banker Realty
List Price
$8,995,000
Sold Price
$8,450,000
Premium/Discount to List
-$545,000
-6.06%
Current Estimated Value
$9,091,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$641,285
Avg. Annual Appreciation
1.90%

Purchase Details

Listed on
Mar 31, 2021
Closed on
Sep 22, 2021
Sold by
Johnson Carmo Marchetti Berna and Johnson Family Revocable Trust
Bought by
Jones Russell Stephen
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Paul Woodman
Coldwell Banker Realty
List Price
$8,995,000
Sold Price
$8,450,000
Premium/Discount to List
-$545,000
-6.06%

Purchase Details

Closed on
Jun 1, 2015
Sold by
Johnson Hugh T and Johnson Maria Do Carmo Berna
Bought by
Johnson Family Revocable Trust
Source: Public Records

Range of Values:

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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
Janell Y Bean Llc -- Usa National Title Company
Jones Russell Stephen $8,450,000 Usa National Title Company
Johnson Family Revocable Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $8,450,000 -6.1% $2,263 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $8,995,000 0.0% $2,409 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/31/2021 05/31/21 Price Changed $8,995,000 -4.8% $2,409 / Sq Ft
03/31/2021 03/31/21 For Sale $9,450,000 -- $2,531 / 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 $104,064 $8,791,380 $6,242,400 $2,548,980
2023 $102,099 $8,619,000 $6,120,000 $2,499,000
2022 $101,006 $8,450,000 $6,000,000 $2,450,000
2021 $34,709 $2,728,734 $1,991,155 $737,579
2019 $34,060 $2,647,801 $1,932,098 $715,703
2018 $32,420 $2,595,884 $1,894,214 $701,670
2016 $31,248 $2,495,084 $1,820,660 $674,424
2015 $30,871 $2,457,606 $1,793,312 $664,294
2014 $30,380 $2,409,466 $1,758,184 $651,282
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2021

    Chris Cortazzo

    Compass

    (310) 457-3995

    13 in this area

    228 Total Sales

    Chris Cortazzo
    Section Image
  • Paul Woodman

    Buyer's Agent in 2021

    Paul Woodman

    Coldwell Banker Realty

    (310) 924-1452

    1 in this area

    23 Total Sales

    Paul Woodman
    Section Image
  • Elizabeth Seaman

    Buyer Co-Listing Agent in 2021

    Elizabeth Seaman

    Coldwell Banker Realty

    (310) 701-1230

    1 in this area

    25 Total Sales

    Elizabeth Seaman
    Section Image
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Map

Source: The MLS

MLS Number: 21-712974

The MLS

APN: 4470-023-048

California Los Angeles County Malibu 90265 Encinal Bluffs

31616 Broad Beach Rd, Malibu, CA

This home is located at 31616 Broad Beach Rd, Malibu, CA 90265 since 31 March 2021 and is currently estimated at $9,091,285, approximately $2,434 per square foot. This property was built in 1989. 31616 Broad Beach Rd is a home located in Los Angeles County with nearby schools including Malibu Elementary School, Malibu Middle School, and Malibu High School.

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