24818 Malibu Road, Malibu, California 90265, Malibu, 90265 - 4 bed, 5 bath
ACTIVE$18,999,000
24818 Malibu Road, Malibu, California 90265
4Beds
5Baths
3,182Sqft
6,934Lot
Price Vs. Estimate
The estimated value ($20,373,920.22) is $1,374,920.22 (7%) higher than the list price ($18,999,000). This property may be underpriced.
Key pros and cons
Top Pros:
Unrivaled Oceanfront Location: Situated on world-renowned Malibu Road with a rare 60 feet of ocean frontage, offering direct beach access and proximity to exclusive establishments like SoHo House and Nobu.
Top Cons:
Exclusivity of Price Point: The ultra-luxury price tag of nearly $19 million significantly narrows the potential buyer pool, requiring a highly specific market approach.
Compared to the nearby listings
Price:$19.00M vs avg $4.44M (+$14,561,500)92%
Size:3,182 sqft vs avg 2,813 sqft60%
Price/sqft:$6.0K vs avg $1.3K93%
More Insights
Built in 1990 (35 years old).
Condition: Despite being built in 1990, the property has been 'completely remodeled' to a high-end contemporary standard, as stated in the description and evidenced by the images. The kitchen features custom white oak cabinetry, marble countertops, integrated appliances, and a professional-grade range, all appearing brand new. Bathrooms are equally luxurious with modern fixtures, marble, and custom vanities. The entire home exhibits new, high-quality finishes, light wood flooring, and contemporary lighting, indicating extensive renovation within the last few years with no deferred maintenance.
Year Built
1990
Close
-
List price
$19M
Original List price
$19M
Price/Sqft
$5,971
HOA
-
Days on market
-
Sold On
-
MLS number
25616195
Home ConditionExcellent
Features
Excellent View: Coastline, Ocean
Deck
ViewCoastline, Ocean
About this home
Completely remodeled contemporary oceanfront home done by Babineau Construction on world-renowned Malibu Rd. The house sits on a rare 60 feet of ocean frontage. With sweeping coastline and island views, this 4 bedroom, 4.5 bathroom home is designed with thoughtful attention to detail throughout. The interior features custom white oak cabinetry and plastered walls. The open plan living room and dining room include a bespoke separate bar area. The extensive primary suite runs the length of the home and includes a large bathroom, and expansive walk-in closet. The 60-foot deck that stretches along the soft sand of Malibu Rd is an entertainer's dream. There is dedicated surfboard storage and outdoor shower. This prime Malibu location is close by to SoHo house and Nobu, and just a short drive to Santa Monica.
Price History
Date
Event
Price
11/30/23
Sold
$17,500,000
09/16/20
Sold
$7,800,000
Condition Rating
Excellent
Despite being built in 1990, the property has been 'completely remodeled' to a high-end contemporary standard, as stated in the description and evidenced by the images. The kitchen features custom white oak cabinetry, marble countertops, integrated appliances, and a professional-grade range, all appearing brand new. Bathrooms are equally luxurious with modern fixtures, marble, and custom vanities. The entire home exhibits new, high-quality finishes, light wood flooring, and contemporary lighting, indicating extensive renovation within the last few years with no deferred maintenance.
Pros & Cons
Pros
Unrivaled Oceanfront Location: Situated on world-renowned Malibu Road with a rare 60 feet of ocean frontage, offering direct beach access and proximity to exclusive establishments like SoHo House and Nobu.
High-End Contemporary Remodel: Completely remodeled by Babineau Construction with thoughtful attention to detail, featuring custom white oak cabinetry, plastered walls, and a modern aesthetic throughout.
Spectacular Panoramic Views: Boasts sweeping coastline and island views, providing an iconic Malibu living experience from multiple vantage points.
Luxury Amenities & Entertainment: Includes a bespoke separate bar area, an extensive primary suite with a large bathroom and walk-in closet, and a 60-foot deck perfect for entertaining directly on the sand, complete with surfboard storage and an outdoor shower.
Strong Value Proposition: The current listing price of $18.999M is below the estimated property value of $20.37M, suggesting potential immediate equity or a competitive offering in the luxury market.
Cons
Exclusivity of Price Point: The ultra-luxury price tag of nearly $19 million significantly narrows the potential buyer pool, requiring a highly specific market approach.
Ongoing Oceanfront Maintenance: As an oceanfront property, it inherently requires higher ongoing maintenance due to exposure to salt air, sand, and potential coastal erosion, which can incur significant long-term costs.
Modest Lot Size: With a lot size of 6,934 sqft, it is relatively modest for a property of this caliber and price point in Malibu, potentially limiting extensive outdoor landscaping or additional structures beyond the existing deck.