
Malibu, California 90265
This Ocean-View Condominium represents a Strong Value Opportunity, listed at $1,199,000—positioned well below the $1,219,000 Fair Market Value by 1.6%. This valuation gap offers $20,000 in Instant Equity. With a Fair Condition Rating, the residence features unobstructed ocean views, private beach access, and a pool/spa. While the interior is dated, the layout provides significant potential for modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11854 Coral Reef Lane Subject | $1,199,000* List Price | 2 | 2 | 1,044 | $1,168 | - |
A 11942 Whitewater Lane Active | $1,545,000 List Price | 2 | 2 | 1,075 | $1,437 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the residence is well-maintained but dated, featuring a kitchen with older blue countertops and cabinetry likely over 20 years old. The listing description explicitly mentions the property is 'comfortable as-is' but offers the 'flexibility to thoughtfully update over time,' which aligns with the Fair criteria for functional but dated interiors needing modernization.
High School: Rancho Campana High (9/10).
Positioned on the top floor, this residence offers sweeping, panoramic views of the Pacific Ocean and sunsets, providing a premium coastal living experience.
Located in the gated Malibu Bay Club, residents benefit from private beach access, a pool, and a spa, offering a resort-like lifestyle.
Built in 1974 and sold in 'as-is' condition, the unit likely requires a capital investment for renovations to meet modern luxury standards.
The property is located approximately 14 miles from local high schools and over 20 minutes from central Malibu hubs like Cross Creek, which may impact daily convenience.
Perched on the top floor with sweeping views of the Pacific Ocean, this 2-bedroom, 1.5-bath residence offers a rare opportunity to enjoy Malibu's coastal lifestyle at an exceptional value. The true centerpiece of the home is its unobstructed ocean view, where sparkling blue water, dramatic sunsets, and the soothing sound of waves create a spectacular backdrop for everyday living. The light-filled floor plan opens to a private ocean-view deck, inviting seamless indoor-outdoor living and providing the perfect setting for morning coffee, evening sunsets, or simply watching the coastline unfold before you. Comfortable as-is and ready for a new owner's personal vision, the residence offers the flexibility to enjoy immediately or thoughtfully update over time. Additional conveniences include in-unit private laundry, extra storage, and two dedicated parking spaces. Located within the gated oceanfront community of Malibu Bay Club, residents enjoy private beach access, a pool, spa, and a relaxed coastal atmosphere surrounded by some of Malibu's most scenic beaches. Just minutes from Trancas Country Market, Point Dume, Zuma Beach, and approximately 22 minutes from Pepperdine University and Cross Creek, the location offers both convenience and escape. Whether you're seeking a full-time residence, weekend retreat, or investment opportunity, this top-floor ocean-view home is all about the view, the setting, and the Malibu lifestyle that comes with it.
No exterior & parking available.
Grades 9-12 • 14.0 mi
Grades 9-12 • 14.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,044 | 1,272.667 |
| Lot Size | 1,742 | 88,350.5 |
| Price | $1.20M | $1.62M |
| Price per sq ft | $1.1K | $1.2K |
| Built year | 1974 | 1978 |
| HOA | $525.0 | $1.1K |
| Days on market | 64 | 83 |
Sep 3, 2026
$1,199,000
$1,219,000
-2% Price Drop
Initial Listing
Jul 7, 2026
$1,219,000
Initial Listing
Dec 5, 2001
$327,500
Public Record
Feb 4, 1999
$262,500
Public Record