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A newly listed $22 million property on Malibu’s Carbon Beach demonstrates the defining characteristics of a rare, authentic Cape Cod-style home, blending historical architecture with modern luxury. This type of single-family residence, known for its steeply pitched roof, central chimney, and symmetrical design, is uncommon in Southern California, making its presence on a coveted stretch of coastline particularly notable for luxury real estate connoisseurs. The price reflects the property's unique architectural pedigree combined with its prime beachfront location.
Cape Cod is a style of residential architecture originating in New England in the 17th century. Its key features are designed for practicality and weather resistance. The hallmark is a steeply pitched roof to prevent snow accumulation, dormer windows to add space and light to the upper floor, and a symmetrical facade with a central front door. Multi-pane, double-hung windows and cedar shingle siding are also common. In this Malibu listing, these classic elements are preserved, offering a contrast to the more prevalent contemporary styles in the area. The home’s Freehold status—meaning the owner has absolute ownership of the property and the land it sits on in perpetuity—adds to its value.
Carbon Beach, often referred to as "Billionaire's Beach," is one of Malibu's most exclusive enclaves. The location offers immediate beach access and a high degree of privacy, which is a primary consideration for many luxury buyers. Properties here are known for their premium valuations, driven by limited inventory and high demand. The value of a home is heavily influenced by its location, and this address places it among a select group of properties with direct ocean frontage. According to recent market analyses, oceanfront properties in Malibu have maintained their value, with prices per square foot often exceeding regional averages.
A home's architectural style can significantly impact its market value, especially when it is a rare and historically significant type like a true Cape Cod. While market value is ultimately determined by what a buyer is willing to pay, unique and well-maintained architectural styles can attract a niche pool of buyers seeking character and history. This can create a premium over more standard, newly built homes. For this property, the architectural uniqueness is a key differentiator. Potential buyers would also consider Property Tax, which is an annual ad valorem tax based on the assessed value of the real estate, calculated at the time of sale.
Purchasing a property in this price range involves specific considerations beyond a standard real estate transaction. Engaging professionals is critical. This includes a real estate attorney to review contracts and a title company to provide Title Insurance, which is a form of indemnity insurance that protects the buyer and lender from financial loss due to defects in the property's title. The due diligence process is often more extensive, potentially including specialized inspections for coastal properties. Financing for jumbo loans may have different requirements, and all-cash offers are common in this segment.
In summary, this Malibu listing serves as a case study in how architectural rarity and an irreplaceable location combine to create a premium property. Key takeaways for interested parties include:
