ViewIsland, City Lights, Other, Canyon, Hills, Mountain(s), Ocean, Panoramic, Water
MLS #24374723
Lot Size14.10 Acres
StatusAccepting Backup Offers (Active Under Contract)
About 3096 Sumac Ridge Rd
Prime 14 acre residential lot with spectacular unobstructed views from Palos Verdes to Point Dume! This exceptional property presents an incredible opportunity for discerning buyers seeking to build their dream home. Situated in a prestigious neighborhood known for its tranquility and exclusivity, this lot enjoys convenient access to Nobu, Little Beach House Malibu (Soho House), Duke's and the Malibu Pier. Live your best life in this drop dead gorgeous ocean view estate site, perched just a few minutes above PCH, with easy access to the property through a guard gated entry on a private road. The plans are from renowned architectural firm Doug Burdge & Associates and masterfully highlight the magnificent ocean and mountain views. The 8000+ square feet of living space boasts 4 bedrooms and 5 baths with a gym, home theater, infinity pool with large decks, a home office, and an elevator providing the epitome of luxury. Extensive studies and reports have been done and are ready to be completed including; grading and drainage plans, slope analysis plans, water engineering and erosion reports, septic plans, survey reports and geological studies. Property comes with rights to access the gatehouse entry and is part of the Lower Rambla Pacifico Road Owners Assoc. Don't miss this rare opportunity to purchase one of the few remaining estate sized lots in Eastern Malibu close to Pacific Palisades and Santa Monica. Renderings and videos of the home are conceptual and do not reflect an exact replica of the plans. Annual HOA fee is $2,200. for private road access and guard gate.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 454-1111
Listing Agent: Sharon Hays
Exterior Features
Exterior Information:
View: Island, City Lights, Other, Canyon, Hills, Mountain(s), Ocean, Panoramic, Water
Virtual/3D Tour
Virtual Tour: 3096 Sumac Ridge Rd
Virtual Tour
Lot Features
Lot Information:
Lot Size: 14.10 Acres
Other
Directions Information:
Directions: For showings, PCH to Las Flores Canyon Rd 1.7 miles to Hume Rd. take a sharp left then go right on Azurelee to Rambla Pacifico and head down the hill to Sumac Ridge Rd go left to end of street. Owner access is only 4 min from PCH on a private road through two gates.
Price Information
Listing Price Info
Price Summary:
List Price: $4,500,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Malibu, CA.
This property is $1.0M more than the Median Sold Price in Malibu, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24374723
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 454-1111
Listing Agent: Sharon Hays
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, 9:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$22.5K
Per Month
Principal & Interest
$22.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.5K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
John L. Webster Elementary School
3602 Winter Canyon Rd
Distance between this listing and this school3.00 miles
Public District Grades KG-5
7
/10
Topanga Elementary Charter School
22075 Topanga School Rd
Distance between this listing and this school3.99 miles
Public Charter Grades KG-5
7
/10
Marquez Charter Elementary School
16821 Marquez Ave
Distance between this listing and this school5.67 miles
Public Charter Grades KG-5
Nearby Schools
8
/10
Arthur E. Wright Middle School
4029 Las Virgenes Rd
Distance between this listing and this school6.85 miles
Public District Grades 6-8
6
/10
Alice C. Stelle Middle School
22450 Mulholland Hwy
Distance between this listing and this school6.90 miles
Public District Grades 6-8
7
/10
Paul Revere Charter School
1450 Allenford Ave
Distance between this listing and this school8.71 miles
Public Charter Grades 6-8
Nearby Schools
9
/10
Calabasas High School
22855 Mulholland Hwy
Distance between this listing and this school6.49 miles
Public District Grades 9-12
8
/10
Palisades Charter High School
15777 Bowdoin St
Distance between this listing and this school6.63 miles
Public Charter Grades 9-12
8
/10
El Camino Real Charter High School
5440 Valley Circle Blvd
Distance between this listing and this school8.51 miles
The neighbors living near this home have an average income of $116,422. Typical income of Malibu, CA residents is between $100k-200k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3096 Sumac Ridge Rd
What is the listing price of this property?
The listing price of 3096 Sumac Ridge Rd property is $4,500,000.
What type of property is this?
The property 3096 Sumac Ridge Rd is land located in Malibu, California, 90265.
Is this property for sale now?
Accepting Backup Offers: 3096 Sumac Ridge Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3096 Sumac Ridge Rd in Malibu, CA and zip code 90265. This home sits on a 14.10 acre lot. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $4,500,000.
In November 2024, from all listings sold in Malibu, CA there were more than 2 sold above asking price, over 13 sold below and more than 1 were sold right at the asked price. The number of listings in Malibu, CA increased by 8.9% between October 2024 and November 2024. Listings spent 89 days on the market in November 2024, and had a median list price of $3,500,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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. 
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dick's Sporting Goods
Dollar General
Cracker Barrel
Texas Roadhouse
Applebees
Cadillac
Subaru
Oldsmobile
News/Talk/Information
New Country
Classic Country