2 months on rocket

5942 Busch Dr, Malibu, CA, 90265

$2,195,000

0.93 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewHills, Ocean, Panoramic, Valley, Water
MLS #24443572
Lot Size0.93 Acres
StatusActive

About 5942 Busch Dr

Beautifully situated above Zuma in ultra-desirable Malibu Park, this .92 acre property is complete with Ready-To-Issue permits, with an active grading permit for a 5 bed, 5 1/2 bath, 4190 square foot home. Save years and hundreds of thousands of dollars with having completed the 3-5 year permit process this property is ready to begin grading & construction immediately. The sleek, two-story architectural residence will enjoy panoramic sunrise-to-sunset views from large decks and ocean-facing patios. Design features include a spacious, open-plan living/dining/kitchen great room with a wall of glass opening onto a huge view deck, three en-suite bedrooms, including the primary, and two additional bedrooms, a family room, and an expansive view patio on the lower level. Created for privacy, comfort and brilliant indoor-outdoor entertaining, the property is located close to beaches and schools, Point Dume shops and restaurants, with miles of hiking, biking, and equestrian trails nearby. Property is located at the end of the Cul De Sac on Little Busch, a private drive situated above Busch Dr.

Property Details

Property Features

Listing Office:

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

Exterior Features

Exterior Information:

  • View: Hills, Ocean, Panoramic, Valley, Water

Lot Features

Lot Information:

  • Lot: Corners Marked, Sloped Down
  • Lot Size: 0.93 Acres

Other

Directions Information:

  • Directions: Pacific Coast Highway to Busch Drive to Address.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,195,000

Tax Information:

  • Annual Amount: $6,367
  • 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

5942 Busch Dr vs Malibu

85 DAYS ON ROCKET

-4 Days

$2,195,000

-$1.3M Less

KEY TAKEAWAY

This property is $1.3M less 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: #24443572

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: 12/18/2024, 6:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 16, 2021Home Sold
$1,205,000
May 02, 2000Home Sold
$355,000
May 02, 1988Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,367$504,067

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,647

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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.

Nearby Schools

school-card-donut-4419682
8
/10
  • Point Dume Marine Science School

  • 6955 Fernhill Dr

  • 1.48 miles

  • Public District Grades KG-5

school-card-donut-4419683
8
/10
  • John L. Webster Elementary School

  • 3602 Winter Canyon Rd

  • 7.10 miles

  • Public District Grades KG-5

school-card-donut-4419684
9
/10
  • White Oak Elementary School

  • 31761 Village School Rd

  • 8.13 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $245,198. The majority of Malibu, CA residents have income $200k+ annually. Most families are married, no kids. 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 5942 Busch Dr

What is the listing price of this property?

The listing price of 5942 Busch Dr property is $2,195,000.

What type of property is this?

The property 5942 Busch Dr is land located in Malibu, California, 90265.

Is this property for sale now?

Active Listing: 5942 Busch Dr 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 $6,367 (source: MLS/based on county public records data).

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

The last sale was on June 16, 2021 for $1,205,000. (source: MLS/tax record).

How much acreage is this property?

The property 5942 Busch Dr is 0.93 acres.
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Rocket HomesCaliforniaLos Angeles CountyMalibu902655942 Busch Dr

This home is located at 5942 Busch Dr in Malibu, CA and zip code 90265 in the Malibu Park neighborhood. This home sits on a 0.93 acre lot. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $2,195,000.

Over 2 listings were sold over their listed price in November 2024 in Malibu, CA. In the same period over 13 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Malibu, CA increased by 8.9% between October 2024 and November 2024. The median list price of listings available in November 2024 was $3,500,000, while the average time on the real estate market was 89 days.

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

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