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$5,948,980Estimated home value

Beds
6
Baths
7.0
sq ft
7,334

23921 Malibu Rd, Malibu, CA 90265

23921 Malibu Rd

Malibu, CA 90265

  • Sold On 8/30/2024
    • Price drop $2,000,000↓
Welcome to Malibu Colony Estates on one of Malibu's most sought-after streets, Malibu Road. This brand new construction warm Contemporary compound sits behind double gates on just over an acre and is surrounded by some of Malibu's most prestigious beach homes and the Pacific Ocean. Extremely private and just a stone's throw from the Malibu Country Mart this home is conveniently located for you to enjoy the safety and privacy of a small gated community with access to the best food and shopping that Malibu has to offer! This one-of-a-kind architectural compound features 6 bedrooms, 8 bathrooms with 7,334 sq ft of luxurious living space. This home has been built with the most high-end construction and finished with the finest materials that were hand-picked and imported from Italy. Upon entering through a beautiful oversized custom wood pivot door you are immediately greeted by the feeling of a warm yet grand modern beach house with a huge yard and stunning exterior views. The open floor plan consists of a perfect balance of indoor/outdoor flow overlooking the infinity pool, spa, and ocean views. Poliform cabinetry, Miele appliances and a porcelain center island complete the kitchen with all top-of -the-line materials and appliances. The grand living and dining rooms sit adjacent to the kitchen allowing the perfect space for family gatherings or entertaining. The primary suite includes a small bar, a private balcony, custom-made Poliform walk-in wardrobe and breathtaking ocean views. The floor-to-ceiling neolith slabs in the primary bathroom engulf you in true Italian opulence. The serene primary bathroom consists of a double sink, grand tub and a large open shower all finished in Cea plumbing. This lower level features a media room with a pool table and private bar completed with state-of-the-art furniture from Minotti, Molteni, B&B Italia and Bonaldo, which are available to be sold with the property. The outdoor living space is truly amazing featuring a huge grassy backyard, guest house, a 45x22 infinity-edge pool with an outdoor BBQ, dining area and private seating area from renowned brands Kettal and Roda.

Details

Property type

Single Family Residence

Est. home value

$5,948,980

Lot size

0.9964 acres

Price per sq ft

$2,318

Year built

2023

Monthly HOA fee

$1,830

Price History

08/30/2024
CLAW

CLAW #24402339

Sold
$15,500,000
-8.8%
08/20/2024
CLAW

CLAW #24402339

Pending
$16,995,000
06/28/2024
CLAW

CLAW #24402339

Price change
$16,995,000
-10.53%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

Archway Real Estate Income Fund I Spe I

Loan start date

July 2023

Original loan amount

$10,100,000

Est. remaining balance

Not provided

Interest rate

6.79%

Loan type

Commercial

Seller

Colony Estate Malibu Llc

Lender

Arixa Enhanced Income Fund Lp

Loan start date

April 2021

Original loan amount

$3,300,000

Est. remaining balance

Not provided

Interest rate

2.81%

Loan type

Commercial, 1 year

Seller

Colony Estate Malibu 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: Off Market

Tomo last checked: 10/04/2024 at 7:55 PM

Listing updated: 08/30/2024 at 5:21 PM

Listed by: Jade Mills, Coldwell Banker Realty Phone #: (310) 777-6200

MLS: CLAW #24402339

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