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3029 Sequit Drive, Malibu, California 90265, Malibu, 90265 - 3 bed, 2 bath

3029 Sequit Drive, Malibu, California 90265 home-pic-0
ACTIVE UNDER CONTRACT$1,395,000
3029 Sequit Drive, Malibu, California 90265
3Beds
2Baths
1,152Sqft
8,243Lot

Price Vs. Estimate

The estimated value ($1,395,000) is $0 (0%) lower than the list price ($1,395,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Ocean & Mountain Views: The property boasts sweeping ocean and mountain views from multiple rooms, offering the quintessential coastal California living experience.
Top Cons:
Limited Square Footage: At 1152 sqft, the home's interior living space is relatively modest for a 3-bedroom property in the Malibu market, potentially limiting perceived value or future expansion.

Compared to the nearby listings

Price:$1.40M vs avg $4.36M ($-2,967,500)6%
Size:1,152 sqft vs avg 2,715.5 sqft8%
Price/sqft:$1.2K vs avg $1.3K46%

More Insights

Built in 1993 (32 years old).
Condition: The property was built in 1993, making it 31 years old. While it appears well-maintained and features stainless steel kitchen appliances, the 'warm terracotta tile' throughout the kitchen and living areas, along with the basic, dated style of the bathrooms (white tile countertops, standard fixtures), indicate that it has not undergone a major renovation in the last 15-20 years. The home is functional and clean but shows clear signs of being outdated, requiring minor updates to align with current design trends and quality standards.
Year Built
1993
Close
-
List price
$1.4M
Original List price
$1.57M
Price/Sqft
$1,211
HOA
-
Days on market
-
Sold On
-
MLS number
25568719
Home ConditionFair
Features
Excellent View: Mountain(s), Ocean
Deck
ViewMountain(s), Ocean

About this home

Nestled in the serene and sought-after El Nido neighborhood of Malibu, this 3-bedroom, 2-bathroom home offers sweeping ocean and mountain views, capturing the very best of coastal California living. Surrounded by natural beauty and a welcoming community, this property provides both tranquility and peace of mind with excellent fire safety features such as underground power lines and strategically placed fire hoses at every other home. Step inside and be greeted by a light-filled kitchen adorned with warm terracotta tile and stainless steel appliances. The main level features an inviting living room with a cozy fireplace perfect for cool Malibu evenings, a bedroom, and a full bathroom. Downstairs, you'll find the primary bedroom, an additional bedroom, and the second bathroom with a soaking tub, offering comfort and privacy. Each room providing magnificent ocean views right. A charming spiral staircase leads to a bonus nook and a door that opens to gardens below. An ideal space for quiet reflection or creative inspiration. The property also includes two single-car garages, one of which has been converted into a flexible bedroom or home office, perfect for remote work or artistic pursuits. With hiking trails just steps from your front door and world-renowned beaches only minutes away, this home offers the ultimate blend of mountain serenity and coastal convenience. Whether you're soaking in the views, exploring nature, or simply enjoying the calm of this fire-conscious neighborhood, this property is more than a house, it's a lifestyle.

Price History

Date
Event
Price
07/18/96
Sold
$350,000
05/07/21
Sold
$1,340,000
02/24/17
Sold
$1,138,000
06/11/13
Sold
$1,000,000
Condition Rating
Fair
The property was built in 1993, making it 31 years old. While it appears well-maintained and features stainless steel kitchen appliances, the 'warm terracotta tile' throughout the kitchen and living areas, along with the basic, dated style of the bathrooms (white tile countertops, standard fixtures), indicate that it has not undergone a major renovation in the last 15-20 years. The home is functional and clean but shows clear signs of being outdated, requiring minor updates to align with current design trends and quality standards.
Pros & Cons

Pros

Panoramic Ocean & Mountain Views: The property boasts sweeping ocean and mountain views from multiple rooms, offering the quintessential coastal California living experience.
Prime Malibu Location & Lifestyle: Nestled in the sought-after El Nido neighborhood, with hiking trails steps away and world-renowned beaches minutes away, providing an ideal blend of serenity and convenience.
Enhanced Fire Safety Features: The neighborhood offers peace of mind with excellent fire safety features, including underground power lines and strategically placed fire hoses.
Flexible & Versatile Spaces: Includes a charming bonus nook for reflection/inspiration and a converted garage offering a flexible bedroom or home office space.
Inviting Interior Amenities: Features a cozy fireplace for cool evenings, a light-filled kitchen, and a bathroom with a soaking tub, enhancing comfort and appeal.

Cons

Limited Square Footage: At 1152 sqft, the home's interior living space is relatively modest for a 3-bedroom property in the Malibu market, potentially limiting perceived value or future expansion.
Potentially Dated Kitchen Finishes: The kitchen features 'warm terracotta tile,' which, while charming to some, may be considered dated by buyers seeking more modern, high-end finishes in a Malibu property.
Reduced Dedicated Garage Space: One of the two single-car garages has been converted into a flexible room, leaving only one dedicated garage space, which might be insufficient for buyers requiring two full garage spots for parking or storage.

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