5 months on rocket

11968 Oceanaire Ln, Malibu, CA, 90265

$1,750,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
986 SqFt
$1,775/SqFt
Condo
Schools Nearby

Location

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11968 Oceanaire Ln, Malibu$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached Carport, Uncovered
Attached GarageYes
Year BuiltNew Const., 2023
HeatingWall Furnace
WaterfrontOcean Front
FireplaceNone
ViewOther, Mountain(s), Ocean
MLS #23331177
Lot Size0.03 Acres
StatusActive

About 11968 Oceanaire Ln

2023 GROUND UP NEW CONSTRUCTION!!! Welcome to the Malibu Bay Club located on an oceanfront bluff offering an incredibly serene beach lifestyle. The west end of Malibu is known for its cove beaches and natural beauty and this property is an ocean lover's paradise, mere steps from the sand and surf. Oceanaire Lane is a penthouse corner unit offering endless ocean and coastline views from Point Dume to the Channel Islands. This unit has been completely rebuilt from the ground up and is the only newly constructed condo in Malibu currently offered for sale. Drenched in natural light, this top corner unit features an open floor plan with brand new finishes top to bottom, large custom kitchen with new appliances, breakfast and dining area, living room with walls of glass and a sliding door that opens to an expansive deck. The oceanside primary suite offers stunning views from every corner with a luxurious bathroom with custom built-ins. The second bedroom has views of the untouched mountains across the Hwy and a secondary bathroom with custom tile work and bathtub. Enjoy unobstructed views towards Point Dume overlooking the state parkland which offers one of the local's favorite surf breaks! 2 car tandem carport plus an additional third uncovered parking space. Private laundry room, A/C, ceiling fans, fire sprinklers, custom shades and window coverings and beautiful fixtures and finishes throughout. Don't miss this rare opportunity to own this BRAND NEW premier penthouse corner unit. The Malibu Bay Club is one of only a few beachfront complexes in Malibu. Gated with secured entry, beautiful pool area with spa and direct beach access to sandy coves.

Property Details

Property Features

Property Information:

  • Year Built: 2023
  • Stories: 1
  • Living Area: 986 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 457-6550
  • Listing Agent: Tara Switzer

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator
  • Flooring Type: Tile, Wood
  • Interior: Ceiling Fan(s)
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Ocean Front
  • View: Other, Mountain(s), Ocean

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached Carport, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: Malibu Bay Club - Pacific Coast Highway to 41000 Pacific Coast Highway. Press 0184 at gate for entry. Turn left on Whalers Lane and then left on Oceanaire Lane

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000
  • Price Per SqFt: $1,775/SqFt

HOA Fees:

  • Amount: $477
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $7,797
  • Tax Year: 2021
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Housing Market Comparison

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

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Malibu, CA

City

Med. Sold Price

$3.3M

Med. Price/SqFt

$1,359

Avg. Days On Market

93

# of Sold Homes

15

11968 Oceanaire Ln vs Malibu

167 DAYS ON ROCKET

+74 Days

$1,750,000

-$1.6M Less

$1,775/SqFt

+$415 More

KEY TAKEAWAY

This property is $1.6M less than the Median Sold Price and $415/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: #23331177

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 457-6550
  • Listing Agent: Tara Switzer

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: 4/27/2024, 6:25:18 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

Nov 21, 2014Home Sold
$665,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,797$470,497
2020$6,876$465,673
2019$11,107$456,543
2018$10,824$702,415
2017$10,824$688,643

History based on county public records data.

Payment Calculator

$9,279

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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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-1065499
7
/10

  • Banyan Elementary School

  • 1120 Knollwood Dr

  • 7.55 miles

  • Public District Grades KG-5

school-card-donut-1065500
8
/10

  • Cypress Elementary School

  • 4200 Kimber Dr

  • 8.38 miles

  • Public District Grades KG-5

school-card-donut-1065501
6
/10

  • Maple Elementary School

  • 3501 Kimber Dr

  • 8.58 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $151,587. Most Malibu, CA residents have annual incomes $200k+. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 11968 Oceanaire Ln

What is the listing price of this property?

The listing price of 11968 Oceanaire Ln property is $1,750,000.

What type of property is this?

The property 11968 Oceanaire Ln is a condo located in Malibu, California, 90265.

Is this property for sale now?

Active Listing: 11968 Oceanaire Ln 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 $7,797 (source: MLS/based on county public records data).

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

The last sale was on November 21, 2014 for $665,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 11968 Oceanaire Ln has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 11968 Oceanaire Ln is 986 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 11968 Oceanaire Ln is 2023.

Rocket Homes›California›Los Angeles County›Malibu›90265›11968 Oceanaire Ln

This home is located at 11968 Oceanaire Ln in Malibu, CA and zip code 90265. This 986 square foot home, which was built in 2023, sits on a 0.03 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 12, 2023 and is currently priced at $1,750,000.

In March 2024 more than 3 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 11 were sold below. The inventory of homes for sale in Malibu, CA between February 2024 and March 2024 increased by 13.5%. Listings spent 93 days on the market in March 2024, and had a median list price of $3,385,000 during the same period.

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

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