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24380 Malibu Road, Malibu, California 90265, Malibu, 90265 - 4 bed, 5 bath

24380 Malibu Road, Malibu, California 90265 home-pic-0
ACTIVE$19,995,000$4,600/sqft
Est. Value: $17,032,511
-14%
AboveEstimate
24380 Malibu Road, Malibu, California 90265
4Beds
5Baths
4,600Sqft
6,719Lot

Price Vs. Estimate

The estimated value ($17,032,511.44) is $2,962,488.56 (14%) lower than the list price ($19,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unparalleled Oceanfront Location & Views: This residence boasts a prime oceanfront position in Malibu, offering uninterrupted, panoramic ocean views from floor-to-ceiling glass walls, the primary suite, and multiple decks, including a spectacular third-level ocean-view deck.
Top Cons:
High Price Point & Limited Buyer Pool: The nearly $20 million list price positions this property in an ultra-luxury niche, significantly limiting the potential buyer demographic.

Compared to the nearby listings

Price:$20.00M vs avg $4.35M (+$15,645,000)97%
Size:4,600 sqft vs avg 2,744 sqft79%
Price/sqft:$4.3K vs avg $1.3K94%

More Insights

Built in 2015 (11 years old).
Condition: This property, built in 2015, is practically new and features a designer Bulthaup kitchen with state-of-the-art appliances, modern bathrooms with high-end finishes, and pristine hardwood flooring throughout. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance. The overall design is contemporary and luxurious, aligning perfectly with the 'Excellent' criteria.
Year Built
2015
Close
-
List price
$20M
Original List price
$20M
Price/Sqft
$4,347
HOA
-
Days on market
-
Sold On
-
MLS number
26635211
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Ocean, Water
Deck
Spa
ViewCity Lights,Coastline,Ocean,Water

About this home

Set against the stunning backdrop of California's coastline, this oceanfront residence showcases exceptional design and impeccable craftsmanship. Floor-to-ceiling glass walls offer uninterrupted ocean views, enhancing the sense of openness throughout the thoughtfully designed living spaces. The main level features a seamless flow between the living, dining, and wet bar areas, all oriented toward breathtaking ocean views. An expansive outdoor deck, complete with a sunken spa, provides the perfect setting for relaxation or entertaining. A designer Bulthaup kitchen fitted with state-of-the-art appliances and a center island with seating complete this level. Upstairs, the breathtaking oversized primary suite features panoramic ocean views, a sitting area and a fireplace. This level also includes three additional well-appointed bedroom suites. The third level boasts a spectacular ocean-view deck with a fireplace, two versatile rooms perfect for an office or gym, and elevator that services every floor of the home.

O
Orah Nassirzadeh
Listing Agent

Price History

Date
Event
Price
10/06/15
Sold
$11,000,000
Condition Rating
Excellent
This property, built in 2015, is practically new and features a designer Bulthaup kitchen with state-of-the-art appliances, modern bathrooms with high-end finishes, and pristine hardwood flooring throughout. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance. The overall design is contemporary and luxurious, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Unparalleled Oceanfront Location & Views: This residence boasts a prime oceanfront position in Malibu, offering uninterrupted, panoramic ocean views from floor-to-ceiling glass walls, the primary suite, and multiple decks, including a spectacular third-level ocean-view deck.
Exceptional Design & Modern Construction: Built in 2015, the property showcases exceptional design, impeccable craftsmanship, and modern construction, ensuring contemporary aesthetics and structural integrity.
Luxury Amenities & High-End Finishes: Features include a designer Bulthaup kitchen with state-of-the-art appliances, an expansive outdoor deck with a sunken spa, wet bar areas, fireplaces, and an elevator servicing every floor, catering to a luxurious lifestyle.
Spacious & Thoughtfully Designed Layout: With 4 bedrooms, 5 baths, and 4600 sqft, the home offers a seamless flow between living spaces, an oversized primary suite, and versatile rooms perfect for an office or gym, maximizing comfort and functionality.
Exclusive Malibu Address: Located on Malibu Road, this property benefits from the prestige and desirability of one of California's most exclusive and sought-after coastal communities.

Cons

High Price Point & Limited Buyer Pool: The nearly $20 million list price positions this property in an ultra-luxury niche, significantly limiting the potential buyer demographic.
Ongoing Maintenance & Insurance Costs: As an oceanfront property with extensive glass and high-end features, it will likely incur higher ongoing maintenance costs due to exposure to salt air and coastal elements, as well as potentially higher insurance premiums.
Potential for Limited Privacy: While offering stunning views, the floor-to-ceiling glass walls in an oceanfront setting may present privacy considerations depending on the property's exact positioning relative to public access or neighboring residences.
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