11498 Tongareva Street, Malibu, California 90265, Malibu, 90265 - 4 bed, 3 bath

11498 Tongareva Street, Malibu, California 90265 home-pic-0
ACTIVE$2,995,000
11498 Tongareva Street, Malibu, California 90265
4Beds
3Baths
2,019Sqft
11,761Lot

Price Vs. Estimate

The estimated value ($2,995,000) is $0 (0%) lower than the list price ($2,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Malibu Location & Rarity: Situated across from the renowned County Line surf spot in a highly sought-after Malibu area with limited inventory, this property is a rare offering, being on the market for the first time in 37 years.
Top Cons:
Age of Core Structure: Built in 1978, the property's underlying structure is over 40 years old, which may imply potential for unseen maintenance or system updates beyond the visible renovations.

Compared to the nearby listings

Price:$3.00M vs avg $4.36M ($-1,367,500)29%
Size:2,019 sqft vs avg 2,715.5 sqft22%
Price/sqft:$1.5K vs avg $1.3K61%

More Insights

Built in 1978 (47 years old).
Condition: Despite being built in 1978, the property has undergone extensive and recent renovations. The description explicitly states a 'beautifully renovated kitchen complete with elevated finishes including cherry cabinetry, limestone countertops, and upscale appliances,' which is confirmed by the images showing modern, high-end appliances and finishes. The bathrooms are also clearly updated with contemporary vanities, fixtures, and tiling, including a glass-enclosed shower and heated towel rack. Furthermore, the listing highlights 'newly installed Hardie Board non combustible siding, Roof sprinklers, EV charging station, Tesla Powerwall for any unexpected outages, Solar Roof,' indicating significant and very recent upgrades to major systems and exterior components. These updates align with the 'extensively renovated within 5 years' and 'all components are new or virtually new' criteria for an 'Excellent' rating, demonstrating minimal physical depreciation and meeting current quality standards.
Year Built
1978
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$1,483
HOA
-
Days on market
-
Sold On
-
MLS number
25589471
Home ConditionExcellent
Features
Excellent View: Mountain(s), Ocean
Deck
Patio
ViewMountain(s), Ocean

About this home

Cape Cod at County Line! First time on the market in 37 years - a rare commodity in this well sought after location with limited SFR's and neighboring properties selling over $20M. Don't miss this Incredible opportunity to acquire this adorable, warm, and ultra-private Cape Cod nestled across from renowned surf spot, County Line. Bright and spacious, this cozy 4 Bed/3 Bath spares no detail. Upon entrance, the generous living area with saltillo tile and custom wood burning fireplace awaits along with abundant natural light and ocean views by way of the ample windows and French doors throughout. Adjacent is the beautifully renovated kitchen complete with elevated finishes including cherry cabinetry, limestone countertops, and upscale appliances. The scenic mountain and ocean views resonate through all four bedrooms and continues through to the Trex decks and expansive backyard where you'll find a sweet enclosed vegetable and fruit garden surrounded by California native landscaping, winding brick and flagstone pathways embedded with sea glass, outdoor shower, and two stone water features which beckon birds and wildlife to the yard. To top it all off, this incredible parcel has a private gated driveway and fully finished 2-car garage with EV charging station, Tesla Powerwall for any unexpected outages, Solar Roof, newly installed Hardie Board non combustible siding, Roof sprinklers, and so much more. Truly a well thought out vision and a beautiful opportunity not to be missed!

Condition Rating
Excellent

Despite being built in 1978, the property has undergone extensive and recent renovations. The description explicitly states a 'beautifully renovated kitchen complete with elevated finishes including cherry cabinetry, limestone countertops, and upscale appliances,' which is confirmed by the images showing modern, high-end appliances and finishes. The bathrooms are also clearly updated with contemporary vanities, fixtures, and tiling, including a glass-enclosed shower and heated towel rack. Furthermore, the listing highlights 'newly installed Hardie Board non combustible siding, Roof sprinklers, EV charging station, Tesla Powerwall for any unexpected outages, Solar Roof,' indicating significant and very recent upgrades to major systems and exterior components. These updates align with the 'extensively renovated within 5 years' and 'all components are new or virtually new' criteria for an 'Excellent' rating, demonstrating minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

Prime Malibu Location & Rarity: Situated across from the renowned County Line surf spot in a highly sought-after Malibu area with limited inventory, this property is a rare offering, being on the market for the first time in 37 years.
Extensive Eco-Friendly & Modern Upgrades: Equipped with a Solar Roof, Tesla Powerwall for power outages, and an EV charging station, providing significant energy independence and modern convenience.
Renovated Interior with Scenic Views: Features a beautifully renovated kitchen with elevated finishes (cherry cabinetry, limestone countertops, upscale appliances) and offers scenic ocean and mountain views from all four bedrooms and living areas.
Enhanced Fire Safety Features: Includes newly installed Hardie Board non-combustible siding and roof sprinklers, offering crucial fire protection in a high-risk area like Malibu.
Private & Landscaped Outdoor Oasis: An ultra-private setting with a gated driveway, expansive backyard featuring a vegetable/fruit garden, California native landscaping, unique pathways, an outdoor shower, and stone water features.

Cons

Age of Core Structure: Built in 1978, the property's underlying structure is over 40 years old, which may imply potential for unseen maintenance or system updates beyond the visible renovations.
Modest Square Footage for Price Point: At 2019 sqft, the interior living space might be considered modest for its Malibu location and nearly $3M price, especially when compared to larger luxury estates in the area.
Specific Architectural Style: The 'Cape Cod' style, while charming, may not appeal to all buyers in the Malibu luxury market, which often favors more contemporary or Mediterranean designs.

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