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$33,900,000

Beds
6
Baths
10.0
sq ft
20,000

11870 Ellice St, Malibu, CA 90265

11870 Ellice St

Malibu, CA 90265

  • 210 days on market
    • Price drop $4,000,000↓
Set on over 1 acre, this Malibu Masterpiece boasts an impressive 95' tiled pool with panoramic, unobstructed views of the Pacific. Built in 2022, this magnificent compound sits at the end of a long-gated driveway for ultimate privacy. Every room will take your breath away! Automated floor-to-ceiling frameless glass pocket doors open to enjoy in the sweeping views and ocean breeze. Custom designed details throughout the home include hand-carved stone and wood walls throughout, a 2,000-gallon aquarium, backlit Onyx, live walls, and a koi pond. This home offers 6 BD, each with their own private outdoor terrace. Additional amenities include Dolby Atmos home theater, game room, piano, 2 interior bars, a swim-up bar, and a seating area with a firepit in the center of the pool. Two spacious 4-car garages with electric car charging and ample parking for guests. This is the perfect house to escape from the city, relax, and entertain. Conveniently located a few miles from OXR airport for those who prefer to fly private. Available for long or short term. Price varies depending on lease terms and seasons.

Details

Property type

Single Family Residence

Est. home value

$26,614,073

Lot size

1.0003 acres

Price per sq ft

$1,695

Year built

2022

Monthly HOA fee

$83.33

Price History

08/30/2024
CLAW

CLAW #24364483

Price change
$33,900,000
-10.55%
03/08/2024
CLAW

CLAW #24364483

Listed
$37,900,000
+34.92%
08/21/2023
CLAW

CLAW #23284159

Sold
$28,090,000
+420.19%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$18,877,143
Asking price
$33,900,000
Closing costs (~8% of asking)
-$2,712,000
Est. remaining loan balance
-$12,310,857
Cash to seller
$18,877,143

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

February 2024

Original loan amount

$15,000,000

Est. remaining balance

$12,310,857

Interest rate

6.61%

Loan type

New Conventional, 3 year

Seller

Malibu Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/04/2024 at 8:05 PM

Listing updated: 09/29/2024 at 4:29 AM

Listed by: Estel Hilton, The Beverly Hills Estates Phone #: (310) 626-4248

MLS: CLAW #24364483

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