tomo logo

$5,450,000

Beds
5
Baths
7.0
sq ft
6,830

6353 Busch Dr, Malibu, CA 90265

6353 Busch Dr

Malibu, CA 90265

  • 153 days on market
    • Price drop $500,000↓
Designed by renowned Contemporary architect, Lloyd Wright, as one of his final residential projects, this nearly 7,000SF estate pays homage to his hallmark architectural lines and use of light and scale nestled in one of the most coveted lower Malibu locations. Sited on 1.6 acres in Malibu Park among $10M-$50M+ estates, and mere blocks away from Zuma Beach & Pt Dume, this very special residence offers unparalleled access to one of Malibu's most coveted coast lines.Immensely private and gated, yet just moments away from PCH, you are transported to a true artists' retreat. The oversized motor court offers ample parking and privacy from the road, and can accommodate 8+ cars. The foyer features strong lines, wood adornments, and a quintessentially 'Lloyd Wright' staircase. The double-height formal living room is the estate's tour-de-force, featuring walls of glass, elaborate and contemporary wood paneling, and a cozy yet emotive Inglenook and fireplace. The enormous chef's kitchen features stainless steel appliances, large pantry, bar area, island with counter seating, breakfast area, and is open to the formal dining room with fireplace. The main residence features 4 en-suite bedrooms including the primary suite featuring its own library and optional direct access to the incredibly designed office/loft. Additional features of the spacious primary suite include dual bathrooms and walk-in closets, and a private patio connected to the backyard.Constructed purposefully for a famous composer and artist, the estate features additional wings with private entries, making it the perfect compound or creative workspace. Additional amenity spaces include custom movie theater, art studio, lofted office, library, and enclosed laundry/hobby room. The east wing of the home boasts a separate entrance to an additional downstairs apartment, complete with its own living area and bathroomformerly a spacious recording and composing studio.The backyard is an entertainer's paradise, with French doors leading to the grassy lawn and sparkling pool. Various patio areas are perfect for lounging, while a charming gazebo nestled into the hillside offers picturesque views of the home and surrounding landscape. The expansive additional outdoor space provides enough room to add a pickleball or bocce ball court. An outdoor kitchen featuring a pizza oven rounds out the list of outdoor entertaining features sure to please even the most discerning Buyer.Unique in its square footage, lot size, privacy, coveted location, and pedigree, this architectural tour-de-force is an incredibly rare opportunity to own a piece of Hollywood history in one of the most prime Malibu locations. Custom built for its current owner, this significant property is primed for its next steward who appreciates the limitless possibilities this property has to offer.

Details

Property type

Single Family Residence

Est. home value

$7,412,073

Lot size

1.6062 acres

Price per sq ft

$798

Year built

1980

HOA

No

Price History

09/30/2024
CLAW

CLAW #24414163

Price change
$5,450,000
-8.4%
07/22/2024
CLAW

CLAW #24414163

Listed
$5,950,000
-9.83%
06/27/2024
CLAW

CLAW #23338137

Removed
$6,599,000

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

Wells Fargo Bank Na

Loan start date

December 2021

Original loan amount

$1,715,000

Est. remaining balance

$1,607,156

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

David L Newman and Krystyna M Newman

Lender

Wells Fargo Bank Na

Loan start date

May 2013

Original loan amount

$800,000

Est. remaining balance

Not provided

Interest rate

2.62%

Loan type

Future Advance Clause / Open End Mortgage, 30 year

Seller

David L Newman and Krystyna M Newman

Lender

Wells Fargo Home Mortgage Inc

Loan start date

January 2003

Original loan amount

$1,000,000

Est. remaining balance

$464,891

Interest rate

6.04%

Loan type

Not Provided, 30 year

Seller

David L Newman and Krystyna M Newman

Lender

Washington Mutual Bank Fa

Loan start date

June 1998

Original loan amount

$1,100,000

Est. remaining balance

$282,019

Interest rate

7.19%

Loan type

Not Provided, 30 year

Seller

David L Newman and Krystyna M Newman

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: 12/23/2024 at 2:15 AM

Listing updated: 12/04/2024 at 7:40 PM

Listed by: Neyshia Go, Sotheby's International Realty Phone #: (310) 724-7000

MLS: CLAW #24414163

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