24844 Malibu Road, Malibu, California 90265, Malibu, 90265 - 4 bed, 5 bath

24844 Malibu Road, Malibu, California 90265 home-pic-0
ACTIVE$12,000,000
24844 Malibu Road, Malibu, California 90265
4Beds
5Baths
3,665Sqft
5,674Lot
Year Built
2013
Close
-
List price
$12M
Original List price
$12M
Price/Sqft
$3,274
HOA
-
Days on market
-
Sold On
-
MLS number
25623157
Home ConditionPoor
Features
Excellent View: Ocean
Deck
ViewOcean

About this home

We found 3 Cons,5 Pros. Rank: price - $12.00M(86th), sqft - 3665(65th), beds - 4(50th), baths - 5(64th).

Introducing Populis, an exclusive new membership that includes partial economic ownership and access to incredible properties, including this architecturally significant Tadao Ando-designed oceanfront residence in Malibu, formerly owned by Ye and one of only a handful of Ando homes in the United States. This is not a traditional whole-asset sale. It is a private, membership-driven opportunity designed for buyers seeking exposure to blue-chip real estate without assuming full ownership, management, or renovation responsibility. Populis members can purchase SmartDeeds, digital contracts that document their interest in the property program. This property is being restored using high end artists and artisans. Members gain priority access to curated information, on-property experiences and restoration updates, as well as a wide array of networking and educational opportunities. Members also get to participate in real economic upside upon clearly defined exits, like sale or buyback. Populis is creating a curated portfolio of architecturally significant, design-driven properties along the West Coast and beyond. This is a rare opportunity to participate in a modernized, next-generation model of luxury real estate access centered around transparency, design excellence, and long-term value. Come join Populis and AD100 firm Marmol Radziner, Ando's executive architect and original general contractor on an unprecedented journey on this first Populis offering. Further, you'll get a complete education on the restoration of a portfolio of properties, learning how to upgrade them to maximize profit on resale, including our list of fully vetted professionals. Finally, you get a unique opportunity to buy an economic interest in properties Populis is purchasing for membership, or for restoration and sale. These are particularly interesting because you purchase them at a discount to market value, profiting when there is a sale.

Price History

Date
Event
Price
11/27/25
Listing
$12,000,000
09/26/24
Sold
$21,000,000
09/07/21
Sold
$57,250,000
Condition Rating
Poor

While this is an architecturally significant Tadao Ando-designed property built in 2013 and undergoing high-end restoration, the provided images clearly show the interior in an unfinished state. There are no completed kitchens or bathrooms to evaluate; instead, the photos depict raw concrete walls, exposed subfloors, and construction elements. The property is not move-in ready and requires substantial rehabilitation to be habitable, aligning with the 'poor' condition criteria for a property that is currently unlivable and undergoing major work.
Pros & Cons

Pros

Architectural Masterpiece: Designed by the renowned Tadao Ando, this is one of only a handful of his homes in the United States, offering unparalleled architectural significance and prestige.
Prime Oceanfront Location: Situated on exclusive Malibu Road, the residence boasts a coveted oceanfront position, providing direct access and stunning views of the Pacific.
Exclusive Membership Model: Populis offers a unique opportunity for partial economic ownership and access to blue-chip real estate without the full burden of traditional ownership, appealing to a niche market seeking curated experiences.
High-Profile Pedigree: Formerly owned by Ye, the property carries a celebrity association that enhances its cultural cachet and market intrigue.
Curated Restoration & Investment Potential: The property is undergoing restoration by AD100 firm Marmol Radziner, with members gaining priority access to updates, on-property experiences, and the potential for economic upside upon future sale or buyback.

Cons

Non-Traditional Ownership Structure: This is not a traditional whole-asset sale; the membership-driven model with partial economic ownership via 'SmartDeeds' significantly limits the conventional buyer pool and may be unfamiliar to many investors.
Limited Control and Autonomy: Members do not assume full ownership, management, or renovation responsibility, which could be a significant drawback for buyers accustomed to complete control over their luxury real estate assets.
Market Complexity and Education: The innovative 'next-generation model' and digital contracts may require extensive education for potential buyers, potentially leading to market misunderstanding or a slower decision-making process compared to standard transactions.

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