tomo logo

$675,000

Beds
3
Baths
3.0
sq ft
1,764

20616 Pacific Coast Hwy, Malibu, CA 90265

20616 Pacific Coast Hwy

Malibu, CA 90265

  • 436 days on market
    • Price drop $40,000↓
New co-ownership opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. Named for the beach just steps away, Las Flores is a perfect oceanfront hideaway, with stunning views of the sparkling Pacific, islands and Queen's Necklace. This two-story contemporary has decks on both levels and private steps leading to the shore. Inside, the open concept layout is all about endless vistas, relaxation and entertaining. The first floor has floor-to-ceiling, wall-to-wall glass sliders plus a picture window, framing views to enjoy the living and dining area as well as the gourmet kitchen. The doors open to a covered balcony perfect for al fresco dining. The kitchen features Caesarstone countertops, high-end stainless steel appliances, a beverage fridge and bar seating. Behind the kitchen is a handy laundry area and a full bathroom is nearby. One of two staircases leads directly to the primary suite, which features a fireplace, a beachfront balcony and a spa-style en suite bathroom with a soaking tub, tiled shower and dual-sink vanity. The other stairway goes to a landing with doors to a private patio. Also on this level are a guest bedroom and bathroom, and a family room/office which is also accessible from the primary suite. This getaway is midway between Malibu and Santa Monica, and close to Duke's Malibu, Nobu and shopping. The home, which has a two-car garage with a second refrigerator, comes fully furnished and professionally decorate

Details

Property type

Single Family Residence

Lot size

1,733 sq ft

Price per sq ft

$383

Year built

1963

HOA

No

Price History

03/08/2024
CLAW

CLAW #23321161

Price change
$675,000
-5.59%
12/13/2023
CLAW

CLAW #23321161

Listed
$715,000
+15.51%
12/21/2022
CLAW

CLAW #22177340

Sold
$619,000
-84.52%

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

First Republic Bank

Loan start date

June 2022

Original loan amount

$2,600,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Commercial

Seller

16 Ca Grizzly 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?

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Status: Active

Tomo last checked: 12/22/2024 at 12:15 PM

Listing updated: 09/30/2024 at 12:01 PM

Listed by: Joseph Maehler, Pacaso Inc. Phone #: (323) 798-9979

MLS: CLAW #23321161

CLAW logo

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