31851 Sea Level Drive 3
Malibu, CA, 90265
$1,099,000
MLS: 25495517
Beds
3
Baths
4
Sq Ft
2,906
Lot
0.17 ac
Year Built
1974
MLS #
25495517
Days on Market
418
Listed
Feb 6, 2025
Description
New Co-Ownership Opportunity: Own one-eighth of this professionally managed, turnkey home. Allure appeals to the senses: See this tasteful home's compelling modern lines, touch the beautiful interior elements, smell and hear the ocean breezes. The home, just steps from the beach, offers ocean views, a home theater and an infinity pool. The living room has a gas fireplace, beamed ceilings and sliding glass pocket doors framing the view. The gourmet kitchen offers high-end appliances, an island and breakfast bar, and access to a deck for grilling. Doors in the formal dining room reveal the pool deck, hot tub and fire pit. The primary suite has a fireplace, a walk-in closet and sliding glass pocket doors to a private garden. The en suite bathroom includes an elegant dual-sink vanity and steam shower. Downstairs is the state-of-the-art home theater with projection screen, two guest rooms with en suite bathrooms, and an office/flex space. The home comes fully furnished and professionally decorated.
Location
Malibu, Los Angeles County, CA 90265
Open on Google Maps ↗Listed by: Maxx Rifkin · Pacaso Inc.
Payment estimate
$7,934
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $109,900 · Loan: $989,100
- Principal & Interest
- $6,077
- Property tax (1.25%)
- $1,145
- Homeowners insurance
- $300
- Mortgage insurance
- $412
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Malibu home with as little as 3.5% down using an FHA loan — roughly $38,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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