21250 Pacific Coast Highway, Malibu, CA 90265
21250 Pacific Coast Highway, Malibu, CA 90265
Property Description
Step into the quintessential perfect beach house on 40 ft of desirable sandy La Costa Beach. The former home of musician Tom Petty & Designer Ron Herman; this light and bright home has been re-imagined over the years. Oceanfront great room, which includes a dramatic 2-story living room with a fireplace, and a spacious dining area off the living room and kitchen. This all leads to an oceanfront deck with stairs right down to the sandy beach. Upstairs are 2 oceanfront bedrooms including a primary suite with a romantic upper deck. Lovely bathroom with a jacuzzi tub, separate shower, and spacious walk-in closet. In addition, there is a 3rd guest bedroom. Close in location to SOHO, Nobu, and great shopping centers. Also available for sale at $10,800,000. $55,000 per month for July and August, 2024.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Malibu · Single Family Residence
Listed 98.7% below the median closed sale of $3,525,000. Price per sqft ($18) is a 99% discount to closed comps ($1,455).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 28873 Boniface Drive | Malibu | 1975 | 4 | 3 | 2,560 | 44,495 | $3,008 | $7.70M | 26 | 81 |
| 24604 Malibu Road | Malibu | 1954 | 3 | 4 | 2,351 | 7,124 | $4,251 | $9.99M | 65 | 80 |
| 3748 Seahorn Drive | Malibu | 1962 | 4 | 3 | 2,400 | 7,853 | $1,540 | $3.69M | 32 | 80 |
| 2050 Corral Canyon Road | Malibu | 1980 | 4 | 4 | 2,500 | 7,194 | $860 | $2.15M | 54 | 79 |
| 3912 Spray Lane | Malibu | 1963 | 4 | 4 | 2,587 | 9,275 | $1,660 | $4.29M | 85 | 79 |
| Total: 5 · Average | 3.8 | 3.6 | 2,479.6 | 15,188.2 | $2,263.8 | $5.57M | 52.4 | |||
| Median | 2,500 | $4.29M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24728 Vantage Point Terrace | Malibu | 1978 | 07/31/2026 | 3 | 3 | 2,339 | 12,511 | $3.75M | $3.52M | $1,507 | 0.94 | 149 | 84 |
| 31819 Cottontail Lane Lane | Malibu | 1972 | 09/22/2026 | 4 | 4 | 2,744 | 7,377 | $3.69M | $3.50M | $1,276 | 0.95 | 124 | 80 |
| 29260 Sea Lion Place | Malibu | 1961 | 09/30/2026 | 3 | 3 | 2,744 | 29,596 | $5.67M | $5.05M | $1,842 | 0.89 | 84 | 79 |
| 20762 Rockpoint Way | Malibu | 1962 | 06/24/2026 | 4 | 3 | 2,452 | 25,018 | $3.00M | $3.63M | $1,481 | 1.21 | 33 | 78 |
| 3800 Latigo Canyon Road | Malibu | 1979 | 09/23/2026 | 4 | 4 | 2,400 | 95,902 | $2.90M | $2.80M | $1,167 | 0.97 | 68 | 78 |
| Total: 5 · Average | 3.6 | 3.4 | 2,535.8 | 34,080.8 | $3.70M | $3.70M | $1,454.6 | — | 91.6 | ||||
| Median | 2,452 | $3.52M | $3.52M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.