4 months on rocket

27403 Pacific Coast Hwy, Malibu, CA, 90265

$16,750,000

7 Bedrooms
8 Full Baths, 2 Partial
8,744 SqFt
$1,916/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Door-Single, Driveway, Garage, Guest, Gated
Attached GarageYes
Year Built1943
HeatingCentral
CoolingCentral Air
FireplaceDining Room, Library, Living Room, Primary Bedroom
ViewOther, Ocean, Pool, Trees/Woods
MLS #24414097
Lot Size2.60 Acres
StatusActive

About 27403 Pacific Coast Hwy

* Photos by Noel Kleinman Tom Petty's Estate in Malibu available for sale. The Iconic Malibu Estate of the late Tom Petty is truly magical. This sprawling 8,744 square foot estate sits on 2.6 acres and has flat grassy lawns, numerous fountains, ponds with waterfalls, and gorgeous jasmine covered archways, bougainvillea trellises, and tropical flowers overlooking ocean views. The estate is located in central Malibu, close to Escondido Beach. Upon entering, you will see hallways covered with antique wall sconces and vintage style chandeliers that compliment the 5 unique fireplaces throughout. There is a formal great room with hand carved skylight covers and a sizable fireplace that Tom renovated to suit his taste. There is a wood lined library and TV room along with a music room where Tom used to play piano and write hit songs. Moving along this single story marvel, you come upon the kitchen and informal dining area. Mediterranean in feel, this large chef's kitchen has skylights and a center island where many meals were shared, including a large butlers pantry and attached laundry room. Majority of doorways to the exterior offer stunning views of wall fountains where you can hear the cascading water sounds throughout the house. Off the kitchen is a masterpiece of a formal dining room with a fireplace and seating for 16. The 3 guest bedrooms are on a slightly lower level, all en suite with views of the pool or ocean. A lovely sitting area and separate office area round out this end of the estate. These bedrooms also have an outdoor living area and built-in BBQ. Throughout the estate there are limestone touches, gorgeous dark wood floors, Spanish tiles, Mediterranean tiled bathrooms and so many architectural details you simply must see it. At the other end of the estate is the primary suite Tom shared with his lovely wife, Dana. The bedroom has a stunning fireplace, private patio with a wall fountain and an extensive primary bath/retreat with a built-in vanity area. The primary retreat features an additional fireplace and closet has a large center island of built-in cabinets. Just off the bath area, there is a gym and massage/yoga room connected to a 3/4 bath. Upon exiting the main residence you walk past another of the many fountains to the studio. Tom's music studio was created from a 2 bedroom guest house and 2 car garage. The studio consists of a living room, full bathroom, 2 rehearsal rooms, and 2 large recording rooms that held mixing equipment. * Note: While the room is no longer equipped with the mixing board, it is still pre wired to easily bring in another one. The studios are outfitted with acoustic walls and ceiling. This is where he recorded many songs while living here as his primary residence since 1998. If you do not need a professional recording studio, you can use it as a screening room, bar area, or a billiard/game room. This space could also easily be renovated back to a 2 bedroom guest house with 3 car garage. Around the corner, is a staff quarters with a bathroom and at the very end of the estate is a separate 1 bedroom guest house with views of a massive corral tree and pond/fountain.Parking for at least 10 -15 cars on site plus street parking just outside the gate. Luscious lawns, tropical flowers, and fountains make this a serene and intoxicating place to call home. The estate is equipped with a new state of the art generator and solar panels. There is a Sport Court ready for Pickleball players and seating surrounded by your very own fruit tree orchard. The Petty's considered this home to be their sanctuary, filled with magic, love, and music. It will make the next lucky guardian feel incredibly blessed.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean
  • Year Built: 1943
  • Stories: 1
  • Living Area: 8,744 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 457-6550
  • Listing Agent: Pamela Van Ierland

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer
  • Flooring Type: Carpet, Wood
  • Interior: Atrium, Multiple Primary Suites, Walk-In Pantry, Walk-In Closet(s)
  • Fireplace: Dining Room, Library, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 8
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • View: Other, Ocean, Pool, Trees/Woods

Parking Information:

  • Attached Garage: Yes
  • Parking: Door-Multi, Door-Single, Driveway, Garage, Guest, Gated

Lot Features

Lot Information:

  • Lot Size: 2.60 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take Pacific Coast Hwy West to address. ( Opposite Geoffreys Restaurant)

Price Information

Listing Price Info

Price Summary:

  • List Price: $16,750,000
  • Price Per SqFt: $1,916/SqFt

Tax Information:

  • Annual Amount: $64,850
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Malibu, CA.

Med. Sold Price

$3.5M

Med. Price/SqFt

$1,281

Avg. Days On Market

89

# of Sold Homes

16

27403 Pacific Coast Hwy vs Malibu

144 DAYS ON ROCKET

+55 Days

$16,750,000

+$13.2M More

$1,916/SqFt

+$634 More

KEY TAKEAWAY

This property is $13.2M more than the Median Sold Price and $634/SqFt more than other homes in Malibu, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24414097

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 457-6550
  • Listing Agent: Pamela Van Ierland

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 12:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 31, 1994Home Sold
$765,000
Aug 09, 1988Home Sold
$700,000

Tax History

YEARPROP. TAXASSESSMENT
2021$64,850$5,531,908
2020$63,593$5,475,186
2019$60,225$5,367,831
2018$59,975$5,262,580
2017$59,975$5,159,393

History based on county public records data.

Payment Calculator

$83.6K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$50.2K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4528856
8
/10
  • Point Dume Marine Science School

  • 6955 Fernhill Dr

  • 2.01 miles

  • Public District Grades KG-5

school-card-donut-4528857
8
/10
  • John L. Webster Elementary School

  • 3602 Winter Canyon Rd

  • 4.25 miles

  • Public District Grades KG-5

school-card-donut-4528858
9
/10
  • White Oak Elementary School

  • 31761 Village School Rd

  • 8.51 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $161,468. The majority of Malibu, CA residents have income between $100k-200k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 27403 Pacific Coast Hwy

What is the listing price of this property?

The listing price of 27403 Pacific Coast Hwy property is $16,750,000.

What type of property is this?

The property 27403 Pacific Coast Hwy is a house located in Malibu, California, 90265.

Is this property for sale now?

Active Listing: 27403 Pacific Coast Hwy is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $64,850 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 31, 1994 for $765,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 27403 Pacific Coast Hwy has 7 bedrooms and 8 full and 2 half bathrooms.

What is the square footage of this property?

The property 27403 Pacific Coast Hwy is 8,744 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 27403 Pacific Coast Hwy is 1943.
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Rocket HomesCaliforniaLos Angeles CountyMalibu9026527403 Pacific Coast Hwy

This home is located at 27403 Pacific Coast Hwy in Malibu, CA and zip code 90265 in the Winding Way neighborhood. This 8,744 square foot home, which was built in 1943, sits on a 2.60 acre lot. Features: 7 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $16,750,000.

In November 2024 more than 2 listings in Malibu, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 13 were sold below. The inventory of homes for sale in Malibu, CA between October 2024 and November 2024 increased by 8.9%. While the average time on the market in November 2024 was 89 days, the median list price was $3,500,000.

From Rocket Homes Real Estate and based on county public records data.

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