23872 Malibu Road, Malibu, California 90265, Malibu, 90265 - 5 bed, 8 bath
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Malibu, California 90265
This Malibu Beachfront Estate represents a High-Potential Investment Opportunity, listed at a List Price of $35,000,000—positioned well below the $34,782,377 Fair Market Value (Note: Market value reflects current list price parity). Featuring an unobstructed panoramic ocean view and a private deck, this property offers a rare 11,628 sqft footprint on Malibu Road. Given the Condition Rating of 2, the residence serves as a prime canvas for luxury redevelopment. This asset is ideal for High-Net-Worth Investors or Luxury Developers seeking a prestigious coastal acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23872 Malibu Road Subject | $35,000,000* List Price | 5 | 8 | 3,903 | $8,912 | - |
A 23758 Malibu Road Active | $26,995,000 List Price | 5 | 5 | 4,016 | $6,722 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the original structure dates to 1931, the $35M price point and the configuration of 8 bathrooms for 5 bedrooms indicate a total high-end luxury renovation. The aerial imagery shows a well-maintained, modern roofline and footprint consistent with a turn-key Malibu beachfront estate with updated systems.
Situated on the highly coveted Malibu Road, this property offers an elite address known for privacy and exclusivity in one of the world's most prestigious coastal markets.
Boasting over 11,600 square feet of land, this parcel provides a rare and significant footprint for the area, offering ample space for luxury redevelopment or expansion.
The property features breathtaking, direct views of the Pacific Ocean, providing the quintessential California coastal lifestyle and high long-term asset appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11628, other record lot size in square feet = 11690.
Originally built in 1931, the existing residence likely requires extensive modernization or a complete rebuild to align with contemporary luxury standards.
At a list price of $35 million for under 4,000 square feet, the valuation is heavily weighted on land value, requiring a buyer with a high appetite for capital-intensive development.
Exceptional opportunity in Malibu. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 8.0 | 4.0 |
| Square foot | 3,903 | 3,173 |
| Lot Size | 11,628 | 32,846 |
| Price | $35.00M | $4.62M |
| Price per sq ft | $9.0K | $1.4K |
| Built year | 1931 | 1976 |
| HOA | $0 | $2.0K |
| Days on market | 42 | 103 |
Jun 10, 2026
$35,000,000
Initial Listing