NOT LISTED FOR SALE

33604 Pacific Coast Hwy Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $4,308,000 - $13,173,289

6 Beds
6 Baths
2,860 Sq Ft
$3,033/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $13,500,000 $4,720 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $56,744/month

218 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Guest House
  • Malibu Elementary School Rated A
  • Property has ocean access
  • 24-Hour Security

About This Home

As of February 2024

An architectural treasure and an icon of Malibu design with 122 feet of beachfront, Sandcastle was the hand-built home of visionary architect (and surfer) Harry Gesner. Offered for sale for the first time, this tranquil Western Malibu oceanfront property is, according to Gesner, "a dream place, built with love." When the young architect set out to build his family home, he had big ideas, little money, and an abiding passion for the natural beauty of the secluded cove with a nearby surf break and an empty plot right next door to his most famous building, Wave House. With a roofline inspired by a sandcastle, Gesner was determined to build a home that would fulfill what turned out to be a lifelong philosophy: "You have to have a view. You want perspective to your life." The home's texture was determined in part by the materials he salvaged as an early evangelist of sustainable construction: telephone poles, reclaimed bricks, wall panels made from aqueduct pipes, birdseye maple from a high school gym, old-growth redwood harvested in the 1800s, and windows and doors saved from one of Hollywood's silent film theaters. As Gesner said about Sandcastle in Houses of the Sundown Sea: The Architectural Vision of Harry Gesner, the book about his life and work, "The spirit in the design and materials are what you immediately feel in this house. All people who enter and spend a brief period or long time here immediately feel at home and relaxed. The experience never becomes commonplace or boring because over everything is the sound and rhythm of the waves breaking on the shore in front of the house." At the home's entry is a lovely library/sitting area with floor-to-ceiling bookshelves and ocean views. With massive spoke-like beams and a wood-plank ceiling, the heart of the main house is a window-wrapped space that comprises generously scaled living and dining areas with an enormous brick fireplace at its hub. Inspired by the Hollywood Bowl, Gesner built the fireplace as a stage for his wife, actress Nan Martin, with a huge polished concrete hearth. A lovely solarium with stained glass panels flanks the dining area, and the ocean views enjoyed from the interior areas extend to the wraparound deck just outside.Echoing the cylindrical shape of the house itself, the kitchen wraps around a circular island and has tile countertops, stained glass lunettes fitted into the beams overhead, a fireplace, updated appliances, a breakfast bar, and a walk-in pantry. On the home's main level are two en-suite bedrooms, one with built-ins suitable for an office.Upstairs is the primary suite tower, with high ceilings, huge beams, charming eyebrow windows, a brick fireplace, an ocean-view sitting area, and a spiral staircase with handmade driftwood treads leading up to a studio/loft/meditation space.The property's additional structures include an ocean-view "tree house" apartment with a kitchenette, living room/dining area, bedroom, bath, and wraparound deck; a "boat house" with a full kitchen, ocean-view living/dining room with a built-in table and porthole windows, a full bath, and a bedroom; and another one-bedroom apartment "nest" with ocean view and stained glass above an indoor/outdoor cabana. There is also an open-air living area, deck, and teepee-covered daybed.The approximately 0.73-acre property has a three-car garage and additional parking platform, a covered deck, a brick patio, lawn, an outdoor shower, surfboard and other storage areas, steps to the beach, and multiple vantage points for breathtaking sunset views. Sandcastle, which will be sold as is, has abundant outdoor space. A legacy estate with privacy, incomparable character, and singular style.

Last Listed By

Chris Cortazzo

Compass License #01190363 Listed on: 05/17/2023

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $100,956

Year Built

  • Built in 1974

Lot Details

  • 0.73 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Fenced Yard
  • Gated Home
  • Drip System Landscaping
  • Lawn
  • Back and Front Yard
  • Property is zoned LCRA1*

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • 2 Carport Spaces
  • Driveway
  • Automatic Gate
  • Guest Parking
  • Unassigned Parking

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • Mountain

Home Design

  • Turnkey

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Stained Glass
  • French Doors
  • Great Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Home Office
  • Loft

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Oven
  • Range
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Studio bedroom
  • Walk-In Closet
  • Dressing Area
  • 6 Full Bathrooms
  • Bidet
  • Bathtub with Shower
  • Double Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Property has ocean access
  • Balcony
  • Covered patio or porch

Additional Homes

  • Guest House

Location

  • Property is near public transit
  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4473-021-014

Community Details

Overview

  • No Home Owners Association

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$100,956

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Main Level
  • Lot Acreage: 0.7302
  • Stories: 2
  • Year Built: 1974
  • Number Of Photos: 46
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Bidet, Recessed Lighting, Turnkey, Living Room Deck Attached, Detached/No Common Walls
  • Fireplace Rooms: Kitchen, Master Bedroom, Living Room, Wood Burning
  • Flooring: Wood, Carpet, Tile
  • Appliances: Built-Ins, Oven, Range, Self Cleaning Oven, Warmer Oven Drawer, Microwave
  • Bedrooms: 6
  • Fireplaces: 3
  • Full Bathroom: 6
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset, Master Suite, Dressing Area
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Shower, Bidet, Shower and Tub, Tile, Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Kitchen Island, In Kitchen, Living Room, Dining Area
  • Kitchen Features: Island, Counter Top, Pantry, Stone Counters
  • Laundry: Garage, Inside
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Built-Ins, Microwave, Garbage Disposal, Dishwasher, Freezer, Range/Oven, Refrigerator, Ice Maker, Water Line to Refrigerator, Ceiling Fan
  • Fireplace: Yes
  • Windows: Stained or Leaded

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), French Doors
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Patio: Patio Open, Covered, Deck(s), Wood, Living Room Deck Attached
  • Pool: No
  • Spa Yn: No
  • View: Ocean, Mountains, Rocks, White Water, Water, Coastline, Panoramic
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 3
  • Other Spaces: 2
  • Covered Parking: 3
  • Parking Garage: Carport, Garage - 3 Car, Private, Gated, Unassigned, Uncovered, Parking for Guests, Parking Space, Driveway, Covered Parking
  • Total Parking: 5

Utilities

  • Volt 220: In Garage
  • Water Heater: Tankless
  • Heating: Fireplace, Wall Electric
  • Security: Gated, Automatic Gate, 24 Hour
  • 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, Flood
  • Sprinklers: Drip System
  • Assessor Parcel Number: 4473-021-014
  • Lot Description: Automatic Gate, Back Yard, Fenced Yard, Front Yard, Lawn, Landscaped, Street Paved, Gated Community
  • Lot Location: Beach Access, Beach Front, City, Ocean Access, Ocean Front, Private Road, Water Front, Near Public Transit
  • Lot Size Area: 31809

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Jan 31, 2024
Sold by
Gesner Family Trust
Bought by
33604 Pch Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Dalton Gomez
Christie's International Real Estate SoCal
List Price
$27,500,000
Sold Price
$13,500,000
Premium/Discount to List
-$14,000,000
-50.91%
Total Days on Market
218
Views
2489
Current Estimated Value
$8,675,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,824,237
Avg. Annual Appreciation
-30.61%
Original Mortgage
$1,217,473
Interest Rate
7.29%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 17, 2011
Sold by
Gesner Harry H
Bought by
Gesner Harry H and Gesner Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 15, 2010
Sold by
Gesner Harry H and The Gesner Family Trust
Bought by
Gesner Harry H and The Gesner Family Trust

Purchase Details

Closed on
Oct 31, 1994
Sold by
Gesner Harry H
Bought by
Gesner Harry H and Gesner Nan C Martin

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
33604 Pch Llc $13,500,000 Usa National Title Company
Gesner Harry H -- Accommodation
Gesner Harry H -- Lsi
Gesner Harry H -- None Available
Gesner Harry H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gesner Family Trust $1,217,473
Previous Owner Gesner Family Trust $985,000
Previous Owner Gesner Harry H $417,000
Previous Owner Gesner Harry H $250,000
Previous Owner Gesner Harry H $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $13,500,000 -32.5% $4,720 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
09/22/2023 09/22/23 Price Changed $19,995,000 -11.1% $6,991 / Sq Ft
08/07/2023 08/07/23 Price Changed $22,500,000 -18.2% $7,867 / Sq Ft
05/17/2023 05/17/23 For Sale $27,500,000 -- $9,615 / 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 $100,956 $8,739,360 $7,282,800 $1,456,560
2023 $98,983 $8,568,000 $7,140,000 $1,428,000
2022 $7,465 $573,392 $249,499 $323,893
2021 $7,329 $562,150 $244,607 $317,543
2019 $7,179 $545,477 $237,352 $308,125
2018 $6,722 $534,783 $232,699 $302,084
2016 $6,440 $514,018 $223,664 $290,354
2015 $6,352 $506,298 $220,305 $285,993
2014 $6,287 $496,381 $215,990 $280,391
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-271072

The MLS

APN: 4473-021-014