tomo logo

$75,000,000

Beds
9
Baths
12.5
sq ft
11,074

22368 Pacific Coast Hwy, Malibu, CA 90265

22368 Pacific Coast Hwy

Malibu, CA 90265

  • 6 days on market
With the luxurious location, style, and amenities of a holiday resort, this remarkable Carbon Beach oceanfront estate is both expansive and exceedingly comfortable. Three lots, totaling approximately 0.59 acre, have been combined to create the exceptional 120-foot frontage that commands a sweeping ocean panorama from Point Dume and the Malibu Pier to the Queen's Necklace and Catalina Island. Beyond its celebrity pedigree and architect of note, the entire property invites gracious indoor-outdoor entertaining and relaxation in an atmosphere of opulent privacy. From the porte-cochre entry to the beachfront pool and deep, wraparound decks, the home combines classical motifs, such as square columns, with contemporary openness and light. The gorgeous skylight foyer offers the first tantalizing glimpse of the ocean, with almost every room fulfilling the view's promise. The spectacular living room, which opens through multiple doors to the oceanfront deck, features handsome box beams, two spacious seating areas, fireplace, beautiful built-in cabinets, and an in-wall projector and retractable movie screen. At one end of the living room is a chandelier dining area with ocean views and sliding glass doors to the deck on three sides. The adjacent kitchen is equipped for lavish entertaining with top-grade appliances, generous counter and cabinet space, a large island, wine storage, a built-in breakfast nook, and a butler's pantry with additional prep and storage space, plus a second see-through refrigerator. Off the foyer is a spacious guest suite, complete with sitting room and two en-suite bedrooms. A wide staircase ascends to the upper floor, where there is an office, an en-suite gym/bedroom with mirrored walls and a private balcony, a laundry room with a bath, and six en-suite bedrooms, including the elegant primary suite. This private refuge has a grand foyer, tray ceiling, fireplace, sitting room/office, dual walk-in closets, dual salon-style bathrooms, and large pocket doors opening onto the upper level ocean-view wraparound deck, where there is ample space for lounging. The main-floor deck is an entertainer's dream, complete with an outdoor kitchen, bar seating, built-in barbecue, firepit, fountain, turf area, ocean-view pool and Jacuzzi, sound system, pergola, multiple settings for dining and relaxing, an outdoor shower, and a beach bathroom. In addition to a three-car garage with a 220-volt Tesla plug, there is driveway parking for five cars. The home is equipped with full security, intercom, fire sprinklers, and lovely landscaping. A rare estate of classical scale and contemporary restraint in an absolutely unmatched location. Available for lease.

Details

Property type

Single Family Residence

Lot size

0.5877 acres

Price per sq ft

$6,773

Year built

2001

HOA

No

Price History

06/27/2024
CLAW

CLAW #24408927

Listed
$75,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Santa Monica-Malibu Unified

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

$28,147,195
Asking price
$75,000,000
Closing costs (~8% of asking)
-$6,000,000
Est. remaining loan balance
-$40,852,805
Cash to seller
$28,147,195

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

April 2021

Original loan amount

$50,000,000

Est. remaining balance

$40,852,805

Interest rate

2.34%

Loan type

New Conventional, 15 year

Seller

Alpha Family Mal 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: 07/03/2024 at 9:25 AM

Listing updated: 06/27/2024 at 11:03 AM

Listed by: Christopher Cortazzo, Compass Phone #: (310) 230-5744

MLS: CLAW #24408927

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