tomo logo

$2,895,000

Beds
4
Baths
3.5
sq ft
2,940

1876 Lookout Rd, Malibu, CA 90265

1876 Lookout Rd

Malibu, CA 90265

  • 12 days on market
    • Price drop $105,000↓
A contemporary zen-like home perfectly situated in the Malibu Bowl neighborhood with panoramic views of the Santa Monica mountains and an attached guest suite! Sold with luxury features including new French White Oak floors, Milgard windows, and an owned solar system. Enter through a gated breezeway into the main floor, marked by beautiful natural light and high ceilings. A comfortable media room flows seamlessly into a living room with a fireplace and out onto a peaceful deck with awe-inspiring views of rugged rock formations set above rolling Pacific clouds that fill the canyon below. A dining area is surrounded by picture windows and connects to a modern kitchen with a large center island, breakfast bar seating, a tiled backsplash, and high-end Miele appliances. Downstairs, a luxurious primary suite offers treetop views with a large walk-in closet and spa-like bathroom complete with stone accents, an open shower, and a soaking tub. There are two additional bedrooms, plus a large attached guest suite with separate access that features a private living/media room, a wet bar with a refrigerator, and a full bedroom with an en-suite bathroom. Outside, a lush and private backyard wraps around the home offering beautiful spaces to entertain or relax and unwind. Features include a built-in BBQ area with additional seating, a gas fire pit, and a lower garden lounge with a newly built enclosed deck. Easily accessed from the primary suite, enjoy a seating area, hot tub, and outdoor shower. Additional features include a 2-car garage plus driveway parking, a Tesla car charger, Amazon Eero Pro 6 mesh high-speed Wi-Fi network, Nest thermostats, Sonos Architectural in-wall speakers, Vivint 6-camera perimeter security system, myQ smart garage opener, Schlage Encode smart locks, and motorized window shades in the living room, media room, kitchen, and primary suite. This central Malibu location is moments from beautiful hiking/riding trails and is less than 10 minutes from Pacific Coast Highway, sandy beaches, and more. With its impressive square footage, this peaceful gem offers the finest of Malibu living!

Details

Property type

Single Family Residence

Est. home value

$2,564,962

Lot size

0.3092 acres

Price per sq ft

$985

Year built

1987

HOA

No

Price History

01/16/2025
CLAW

CLAW #25479471

Price change
$2,895,000
-3.5%
01/10/2025
CLAW

CLAW #25479471

Listed
$3,000,000
+36.36%
11/20/2024
CLAW

CLAW #24407611

Sold
$2,200,000
-11.11%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Figure Lending Llc

Loan start date

November 2021

Original loan amount

$257,500

Est. remaining balance

Not provided

Interest rate

3.01%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Derek Merrill

Lender

Finance Of America Mortgage Llc

Loan start date

April 2021

Original loan amount

$1,473,000

Est. remaining balance

$1,349,242

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Derek Merrill

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?

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Status: Active

Tomo last checked: 01/22/2025 at 6:45 PM

Listing updated: 01/18/2025 at 5:20 AM

Listed by: Tony Mark, Compass Phone #: (310) 230-5744

MLS: CLAW #25479471

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