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$64,503,368Estimated home value

Beds
4
Baths
5.0
sq ft
4,021

24844 Malibu Rd, Malibu, CA 90265

24844 Malibu Rd

Malibu, CA 90265

  • Sold On 9/26/2024
    • Price drop $14,000,000↓
An architectural tour de force and only one of the few private homes in the United States designed by the renowned Pritzker Prize-winning Japanese architect, Tadao Ando. Best known for his minimalist structures and his assured use of reinforced concrete, Ando's trademark design of "smooth-as-silk" concrete is wholly present in the structure and surface of the home. Constructed of approximately 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 massive pylons driven more than 60 feet into the sand with AD100 architecture firm Marmol Radziner acting as executive architect and general contractor, the structure is an everlasting beacon of permanence on California's coastline. Natural light is used creatively throughout the space, another signature of Ando, to manipulate a warm feeling throughout the building and harmonize with its natural surroundings. The home spans +/- 4,000 sq. ft. of interior space and approximately 1,500 sq. ft. of outdoor decks with ocean views from every room. Currently all interior finishes have been removed from the property, and work is needed to either restore or reimagine the interiors. Thoughtfully located on the prestigious and quiet Malibu Road, with easy access and close proximity to the finest restaurants, shopping, and entertainment in all of Malibu. An exceedingly rare architectural achievement that should be seen as a masterful work of art, rather than just a residence.

Details

Property type

Single Family Residence

Est. home value

$64,503,368

Lot size

5,674 sq ft

Price per sq ft

$9,700

Year built

2013

HOA

No

Price History

09/26/2024
CLAW

CLAW #23340673

Sold
$21,000,000
-46.15%
07/25/2024
CLAW

CLAW #23340673

Pending
$39,000,000
04/10/2024
CLAW

CLAW #23340673

Price change
$39,000,000
-26.42%

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

Bank Of America

Loan start date

November 1999

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

7.85%

Loan type

Credit Line (Revolving)

Seller

Edie Lehman Boddicker and Edie Lehmann

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 8:30 PM

Listing updated: 10/04/2024 at 1:30 AM

Listed by: Jason Oppenheim, The Oppenheim Group, Inc. Phone #: (310) 990-6656

MLS: CLAW #23340673

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