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$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

  • 66 days on market
CARBON BEACH GRAND ESTATE Your Malibu dream on the best of all beaches is now available for sale. The home is 11,000 sq ft and on a massive lot with approximately 120 feet of frontage. This house has everything you can imagine and is in move in condition. The living spaces include large living room that converts into a professional theater. Adjacent smaller living room is adjacent to the dining room and then the kitchen and breakfast area. The home is 2 stories with a total of 9 bedrooms (this includes staff). The primary ocean facing suite has a fireplace, balcony and two dedicated bathrooms and sitting room. All other bedrooms are ensuite. There is an executive office as well as a professionally equipped gym. The highlight of this estate might be the large ocean facing pool and spa with extraordinary outdoor entertaining areas and outdoor kitchen. Steps to the wide sandy beach known as Billionaire's Beach. The views are spectacular with South views of the Queen's Necklace, Palos Verdes and Catalina Island and West to brilliant sunsets. 3 car garage as well as off street parking for 5 more cars. Showings with notice to pre-qualified buyers only. Bring your most discriminating buyer to see the "best on the market". Also for lease.

Details

Property type

Single Family Residence

Lot size

0.5879 acres

Price per sq ft

$6,773

Year built

2001

HOA

No

Price History

09/17/2024
CLAW

CLAW #24408927

Removed
$75,000,000
09/17/2024
CLAW

CLAW #24440479

Listed
$75,000,000
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

$29,150,039
Asking price
$75,000,000
Closing costs (~8% of asking)
-$6,000,000
Est. remaining loan balance
-$39,849,961
Cash to seller
$29,150,039

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

$39,849,961

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: 11/22/2024 at 8:00 PM

Listing updated: 10/19/2024 at 4:55 AM

Listed by: Stephen Shapiro, Westside Estate Agency Inc. Phone #: (310) 247-7770

MLS: CLAW #24440479

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