10 days on rocket

31388 Broad Beach Rd, Malibu, CA, 90265

$21,500,000

5 Bedrooms
5 Full Baths, 1 Partial
3,191 SqFt
$6,738/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered, Door-Multi, Driveway, Garage, Garage Door Opener, Guest, Private, On Street, Unassigned, Uncovered
Garage2 spaces
Year Built1961
HeatingCentral
CoolingCentral Air
WaterfrontOcean Front
FireplaceNone
ViewIsland, City Lights, Other, Hills, Mountain(s), Ocean, Pool, Water
Private PoolYes
MLS #24460179
Lot Size0.56 Acres
StatusActive

About 31388 Broad Beach Rd

Welcome to a completely remodeled luxury estate where modern elegance meets panoramic ocean views on approximately 80 feet of beach frontage. This exquisite property retains its original configuration but has undergone a 95% renovation to deliver a sophisticated, updated living experience. As you arrive, gated parking welcomes you, along with a driveway that accommodates up to six vehicles, including a two-car garage. The secured entrance features a gated walkway equipped with a camera and intercom, offering both privacy and peace of mind. Steps lead you down from the main road into a serene setting with immediate ocean vistas.Upon entering the home through a large glass front door, you are greeted by an open floor plan designed to embrace natural light, thanks to skylights and floor-to-ceiling windows. The living area boasts limestone tile floors and wood-beamed ceilings with recessed lighting, all set against the stunning backdrop of the Pacific Ocean. Sliding glass doors open to both the oceanfront deck and the pool area, inviting you to enjoy seamless indoor-outdoor living. The dining area, adjacent to the living room, offers metered glass windows with coastline views, flowing naturally into the modern kitchen. The kitchen is a chef's dream, featuring black stone counters, a six-burner Thermador range with BBQ, double convection ovens, and a Gaggenau appliance suite, including a built-in coffee machine, dishwasher, fridge, and freezer. With floating illuminated shelves, a pot line, and a striking green tile backsplash, this kitchen combines functionality with style.Off the living room, a media room awaits, equipped with built-ins, illuminated shelving, a large television, and automatic shades. A glass door opens to the courtyard, where stone-tile floors frame an in-ground pool with ocean views. The courtyard also offers ample seating, including a covered area by the in-ground jacuzzi. For added convenience, the detached laundry room is located on the bottom deck, complete with stone counters, tons of storage, and limestone tile floors. This outdoor space also includes a covered outdoor shower, ideal for rinsing off after a day by the pool or beach.The home's layout offers four bedrooms downstairs and a master suite upstairs. Each bedroom features luxurious finishes, including wood or stone floors, en-suite bathrooms with stone counters, and skylights. One of the bedrooms is designed as an office with ocean views, while another offers automatic lights and custom-built storage. The master suite is accessed via a separate staircase, where a stunning light fixture sets the tone for luxury. With wood floors, views of both the ocean and pool, a walk-in closet with illuminated built-ins, and a state-of-the-art speaker system, the master suite is a private sanctuary. The master bath is equally indulgent, featuring waterfall stone counters, a freestanding tub, a stone shower stall with a steam function, and double shower heads.The home also includes modern amenities like central air conditioning, a full alarm system, and a tankless water heater. The lower deck is the perfect spot to relax and take in the coastline views or watch dolphins play in the surf. With its covered seating area and ample space for lounging, this outdoor oasis provides the perfect setting for unwinding or entertaining.This estate offers an unparalleled blend of luxury, privacy, and breathtaking natural beauty, making it a rare gem on the market. The house pays only 25% of the annual beach assessment, a rare benefit that results in significant yearly savings.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1961
  • Stories: 2
  • Living Area: 3,191 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5744
  • Listing Agent: Christopher Cortazzo

Interior Features

Interior Information:

  • Appliances: Convection Oven, Double Oven, Dishwasher, Disposal, Microwave, Range, Refrigerator, Range Hood
  • Flooring Type: Wood
  • Interior: Beamed Ceilings, Separate/Formal Dining Room, High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Walk-In Closet(s)
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Ocean Front
  • View: Island, City Lights, Other, Hills, Mountain(s), Ocean, Pool, Water

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Covered, Door-Multi, Driveway, Garage, Garage Door Opener, Guest, Private, On Street, Unassigned, Uncovered

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Landscaped
  • Lot Size: 0.56 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Pacific Coast Highway to Broad Beach Road to the destination.

Price Information

Listing Price Info

Price Summary:

  • List Price: $21,500,000
  • Price Per SqFt: $6,738/SqFt

Tax Information:

  • Annual Amount: $109,521
  • 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

$1,316

Avg. Days On Market

98

# of Sold Homes

11

31388 Broad Beach Rd vs Malibu

10 DAYS ON ROCKET

-88 Days

$21,500,000

+$18.0M More

$6,738/SqFt

+$5.4K More

KEY TAKEAWAY

This property is $18.0M more than the Median Sold Price and $5.4K/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: #24460179

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5744
  • Listing Agent: Christopher Cortazzo

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: 11/15/2024, 3:21:08 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

Apr 04, 2012Home Sold
$7,000,000

Tax History

YEARPROP. TAXASSESSMENT
2021$109,521$8,122,813
2020$107,115$8,039,524
2019$102,184$7,881,888
2018$99,891$7,727,342
2017$99,891$7,575,827

History based on county public records data.

Payment Calculator

$107.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$64.5K

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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-480334
8
/10
  • Point Dume Marine Science School

  • 6955 Fernhill Dr

  • 3.54 miles

  • Public District Grades KG-5

school-card-donut-480335
7
/10
  • Westlake Elementary School

  • 1571 E Potrero Rd

  • 7.51 miles

  • Public District Grades KG-5

school-card-donut-480336
9
/10
  • White Oak Elementary School

  • 31761 Village School Rd

  • 7.93 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $121,429. Most Malibu, CA residents have annual incomes between $100k-200k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 31388 Broad Beach Rd

What is the listing price of this property?

The listing price of 31388 Broad Beach Rd property is $21,500,000.

What type of property is this?

The property 31388 Broad Beach Rd is a house located in Malibu, California, 90265.

Is this property for sale now?

Active Listing: 31388 Broad Beach Rd 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 $109,521 (source: MLS/based on county public records data).

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

The last sale was on April 4, 2012 for $7,000,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 31388 Broad Beach Rd has 5 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 31388 Broad Beach Rd is 3,191 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 31388 Broad Beach Rd is 1961.
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Rocket HomesCaliforniaLos Angeles CountyMalibu9026531388 Broad Beach Rd

This home is located at 31388 Broad Beach Rd in Malibu, CA and zip code 90265 in the Broad Beach neighborhood. This 3,191 square foot home, which was built in 1961, sits on a 0.56 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $21,500,000.

In October 2024 more than 2 listings in Malibu, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 6 were sold below. The number of listings in Malibu, CA increased by 9.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 98 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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