
Malibu, California 90265
This Premier Beachfront Estate in the exclusive guard-gated Malibu Colony is listed at $20,495,000, representing a stable acquisition at its $20,495,000 Fair Market Value. Boasting a Good Condition Rating, the residence features a renovated open-concept kitchen and a unique over-water tea house situated directly in front of the iconic 'Old Joe's' surf break. With a spacious beachfront deck, private spa, and a self-contained guest apartment, this property offers an unparalleled coastal sanctuary. It is an exceptional find for Luxury Owner-Occupants or Coastal Enthusiasts seeking a turnkey legacy home in Malibu’s most coveted enclave.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23356 Aka 107 Malibu Colony Road Subject | $20,495,000* List Price | 5 | 5 | 3,786 | $5,413 | - |
A 23515 Malibu Colony Road Active | $15,650,000 List Price | 5 | 5 | 3,029 | $5,167 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1979, this property has undergone significant and tasteful updates, particularly in the kitchen which features modern navy shaker cabinets, stainless steel appliances, butcher block countertops, and an open-concept design. The living areas also show contemporary updates with built-in bookshelves and a stacked stone fireplace. While the home is move-in ready with no immediate renovations required and appears well-maintained, its age suggests that some underlying systems may not be brand new, preventing an 'Excellent' rating. However, the extensive visible updates and overall condition clearly place it in the 'Good' category.
Situated in Malibu's exclusive guard-gated Colony, directly on the sandy south end with access to the 'Old Joe's' surf break and protected by a natural reef, offering a truly premier coastal lifestyle.
Features a spacious beachfront deck, a unique tea house directly over the water, and a private covered patio with a built-in BBQ and spa, perfect for entertaining and enjoying panoramic ocean views.
Includes a fully self-contained guest apartment above the garage with a full kitchen and bath, plus an additional separate bedroom and bath, providing significant flexibility for visitors or staff.
Built in 1979, the property may have original systems (e.g., plumbing, electrical, HVAC) that, while not explicitly mentioned as needing repair, could require future investment beyond cosmetic updates.
The buyer's cooperation with the seller's 1031 Exchange could introduce complexities or specific timing requirements into the transaction process.
Direct beachfront location and over-water structures (tea house) are susceptible to accelerated wear from salt air and ocean elements, potentially leading to higher ongoing maintenance and repair costs.
The Colony Malibu's Premier Guard-Gated Enclave for Over 90 Years. Welcome to 'The Old Joe's House'. Even within the prestigious Colony, location is everything and this warm, inviting beach home is ideally situated on the highly desirable sandy south end of the beach, directly in front of the renowned 'Old Joe's' surf break. Here, a natural reef helps preserve the sand, creating an exceptional setting for a true beachfront lifestyle. Tucked away from Pacific Coast Highway, this is the perfect retreat for enjoying the surf and sand with family and friends. The main residence features a spacious beachfront deck and is seamlessly connected to a charming tea house directly over the water. Sliding glass doors from both the living room and tea house open to a private, covered patio complete with a dining area, built-in BBQ, and spa ideal for casual coastal entertaining. The updated open-concept kitchen offers ocean views, butcher block countertops, and a center island, flowing easily into the dining area and tea house. A beautiful stacked stone fireplace in the living room provides cozy comfort on cooler coastal days.The primary suite opens onto its own private oceanfront deck, offering breathtaking views of the surf and the iconic 'Old Joe's' rock formation. The main home includes two additional bedrooms and bathrooms.Perfect for visiting friends and extended stays, a fully self-contained guest apartment is located above the garage, featuring a full kitchen and bathroom. Additionally, a separate bedroom and bathroom adjacent to the garage offers flexible use as staff quarters or a convenient beach changing room.Controlled pedestrian gates at both ends of The Colony offer easy access to Malibu's Cross Creek and Colony Plaza, making it simple to enjoy premier shopping, dining, and everyday conveniences without ever needing to drive. Buyer to cooperate with Seller's 1031 Exchange.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 73% |
| Baths | 5.0 | 4.0 | 69% |
| Square foot | 3,786 | 2,752 | 72% |
| Lot Size | 7,728 | 18,559.5 | 27% |
| Price | $20.50M | $3.77M | 98% |
| Price per sq ft | $5.4K | $1.3K | 97% |
| Built year | 1979 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 176 | 226 | 28% |
Oct 28, 2025
$20,495,000
Initial Listing