
Malibu, California 90265
Analysis of 21733 Castlewood Drive, Malibu, California 90265 is currently available with a list price of $3,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Malibu Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1995, the home is 31 years old, exceeding the 20-year threshold for 'Fair' condition. While the bathrooms are described as updated and the interior is well-maintained, the kitchen features dated oak cabinetry and original-style finishes that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 70616, living area = 2562.
The property offers breathtaking, unobstructed views of the Pacific Ocean, whitewater, and canyons from its elevated 1.6-acre lot and expansive wraparound decks.
Includes active permits and approved plans for a massive 36' x 40' detached structure, with deposits already paid for the steel frame and custom hangar door, offering immediate value-add potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2562, other record living area = 2016.
The loss of a detached structure in the January 2025 fires may present challenges regarding insurance availability, premiums, or site remediation requirements.
Realizing the property's full potential requires the buyer to manage the completion of the detached structure, which is currently still in the plan check phase.
Views of the entire coastline, Los Flores canyon and Santa Monica bay, with decks built to command them. Light-filled tri-level retreat with a grand deck off the kitchen to take in 270-degree panoramic views up the canyons and down into the Pacific. Hot tub included. Whitewater, coastline and city-light views filling nearly every window of the home. Set on 1.6 private acres high on coveted Castlewood Drive, the residence offers four bedrooms, three baths, generous living and dining spaces, and a versatile lower-level bonus room ideal for an office, studio, gym, or guests. The primary suite occupies the upper floor, opening to a private wraparound balcony where sunset and ocean views unfold in every direction. Owned solar with whole-home battery backup keeps the property running quietly and self-sufficiently. Modern mountain living, engineered for peace of mind. Outside, the land lives like few mountain parcels can: a broad, level bench below the house, garden paths linking the house, garage, and driveway, and a private lookout perched above the home. Plenty of flat, usable ground with room for a pool or terraced gardens. And rising below the residence: a new 36' x 40' (1,440 sq ft) steel structure with adjoining view deck and custom bi-fold hangar door (currently in plan-check) ready to finish as a collector's garage, artist's studio, workshop, or expansive live/work retreat. Minutes to Malibu's beaches and restaurants, an easy reach to Calabasas and the Westside, within the acclaimed Santa MonicaMalibu school district. A rare offering where the views, the land, and the lifestyle are already in place.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,562 | 3,173 |
| Lot Size | 70,616 | 32,846 |
| Price | $3.25M | $4.62M |
| Price per sq ft | $1.3K | $1.4K |
| Built year | 1995 | 1976 |
| HOA | $0 | $2.0K |
| Days on market | 37 | 103 |
Jun 15, 2026
$3,250,000
Initial Listing
Mar 3, 2022
$2,100,000
Public Record
May 29, 2014
$1,200,000
Public Record