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$9,750,000

Beds
3
Baths
3.5
sq ft
3,417

27112 Malibu Cove Colony Dr, Malibu, CA 90265

27112 Malibu Cove Colony Dr

Malibu, CA 90265

  • 47 days on market
Fabulous opportunity to own one of the homes from visionary architect Harry H Gesner. Situated behind the prestigious gates of the Malibu Cove Colony Drive community, this masterpiece stands on 70 feet of ocean frontage. Gesner loved two things, nature and castles. He was known for standing on site for days and nights before he thoughtfully designs his projects carefully considering every element of the earth, the ocean and the sun. This home reflects just that! As you enter the foyer, the curved walls wave welcomes you to the heart of the house: the formal living room with stunning vaulted ceiling which each room leads back to the formal living room. Built in 1978, the home's open floor plan allows sunlight to permeate from various angles, offering captivating views throughout. The first story includes in addition to the formal living room, a chef's kitchen with dining area that opens to the terrace for east and south views, a family/den area leading to the front yard with the barbecue, firepit and spa area and a wavy bar that mimics the ocean waves facing west for the sunset views. Every room carefully positioned to maximize both functionality and aesthetic appeal. Upstairs, three bedrooms waits with a primary suite that features a uniquely designed bed with stunning morning views and terrace. In addition, the second mini primary and the third bedroom are situated across the stunning hallway that overlooks the formal living space. Centrally located, this gorgeous home stands minutes away from Geoffrey's, Zuma beach, Point Dume, Pepperdine. The Malibu Cross Creek shops and fine dining and of course the Malibu Soho House and Nobu to make this your perfect primary residence or your summer gateway!

Details

Property type

Single Family Residence

Est. home value

$11,249,855

Lot size

7,389 sq ft

Price per sq ft

$2,854

Year built

1978

Monthly HOA fee

$729.17

Price History

07/22/2024
CLAW

CLAW #24418437

Listed
$9,750,000
06/13/2024
CLAW

CLAW #24367113

Removed
$9,750,000
04/22/2024
CLAW

CLAW #24367113

Price change
$9,750,000
-2.45%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$6,654,179
Asking price
$9,750,000
Closing costs (~8% of asking)
-$780,000
Est. remaining loan balance
-$2,315,821
Cash to seller
$6,654,179

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

July 2016

Original loan amount

$4,500,000

Est. remaining balance

$2,315,821

Interest rate

2.87%

Loan type

Not Provided, 15 year

Seller

David Soufer and Bernard Khalili

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: 09/07/2024 at 8:15 PM

Listing updated: 09/02/2024 at 4:59 PM

Listed by: Diana Kassabian, Berkshire Hathaway HomeServices California Properties Phone #: (310) 230-3700

MLS: CLAW #24418437

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