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$15,450,000

Beds
7
Baths
7.5
sq ft
6,650

29800 Cuthbert Rd, Malibu, CA 90265

29800 Cuthbert Rd

Malibu, CA 90265

  • 81 days on market
    • Price drop $300,000↓
This remarkable oceanside estate, located just moments from Zuma Beach, embodies modern elegance and refined living. The new construction modern home features 10 to 15-foot ceilings throughout, creating an open and airy atmosphere. White oak floors and doors add a warm, natural touch, while the designer bathrooms, finished in Italian porcelain, add to the quiet luxury. The kitchen stands out with a quartzite island, textured wood cabinetry, and striking marble fireplace and a 100+ bottle wine display. The master suite provides a peaceful escape, complete with a walk-in closet, a marble-clad shower, and expansive ocean views. The outdoor spaces are designed for relaxation and enjoyment. The downstairs area includes three more bedrooms, each with its own bath, as well as a private office with an ensuite. Upstairs, a bonus room with an attached bathroom and private patio provides a quiet spot for unwinding. The pool area, with its cascading waterfall and hot tub, overlooks panoramic ocean views and a private vineyard that produces up to 1,500 bottles of wine annually. An outdoor fireplace and dining area make the space perfect for entertaining, while mature grapefruit and orange trees add to the estate's charm. An oversized guest house, situated next to the private tennis court, offers additional living space. Architectural highlights include wood paneling, a glass staircase, and clerestory windows that fill the home with natural light. An efficient metal roof and a marble wet bar with a sink add both functionality and style. Located in a prime spot minutes from Zuma Beach, this retreat offers a unique opportunity for refined coastal living. The double-decker balconies provide stunning ocean views, while the gated driveway accommodates eight cars, along with two covered garage spots. This ocean view estate is a masterclass in Malibu luxury, where every detail has been carefully considered for those who value comfort, quality, and exceptional design.

Details

Property type

Single Family Residence

Est. home value

$5,420,546

Property condition

New Construction

Lot size

2.0881 acres

Price per sq ft

$2,324

Year built

2024

HOA

No

Price History

10/09/2024
CLAW

CLAW #24427993

Removed
$15,450,000
10/08/2024
CLAW

CLAW #24427993

Listed
$15,450,000
09/22/2024
CLAW

CLAW #24427993

Price change
$15,450,000
-1.9%

Schools & Community

Neighborhood: 

Malibu Park

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

Crosswind Venture Fund Lp

Loan start date

September 2023

Original loan amount

$16,750,000

Est. remaining balance

Not provided

Interest rate

6.9%

Loan type

Building or Construction Loan

Seller

M G Investment Properties Llc

Lender

Crosswind Mortgage Reit Lp

Loan start date

March 2022

Original loan amount

$5,250,000

Est. remaining balance

Not provided

Interest rate

3.45%

Loan type

Commercial, 2 year

Seller

M G Investment Properties 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: 11/05/2024 at 1:30 AM

Listing updated: 10/28/2024 at 11:20 AM

Listed by: Jacqueline Chernov, Compass Phone #: (310) 395-7090

MLS: CLAW #24427993

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