
Malibu, California 90265
This Ocean-View Malibu Condominium is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,244,733 Fair Market Value by 3%. This valuation gap provides $44,733 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating, the residence features sweeping coastline views, a granite kitchen, and a versatile primary suite with an attached recreation room. Located near Pepperdine University and the 9/10 rated Webster Elementary, it offers a resort-style lifestyle with a pool and spa. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23924 De Ville Way D Subject | $1,200,000* List Price | 2 | 2 | 1,470 | $847 | - |
A 23901 Civic Center Way 122 Active | $929,000 List Price | 2 | 2 | 992 | $936 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring updated granite countertops in the kitchen and a clean, functional layout. Although originally built in 1965, the interior shows evidence of past renovations that keep it within modern living standards. The systems and surfaces appear well-kept with minimal wear, making it a solid 'good' condition property that does not require immediate rehabilitation.
Elementary School: Webster Elementary School (9/10).
The property offers sweeping coastline and ocean views from both levels, including the living area, primary suite, and second bedroom, significantly enhancing its coastal appeal and market value.
Ideally situated near Pepperdine University and top-rated schools like Webster Elementary, this residence provides excellent proximity to local amenities and prestigious educational institutions.
The monthly HOA fee of $1,432.04 is substantial, which may impact the overall affordability and appeal for buyers sensitive to high recurring carrying costs.
Built in 1965, the property and community may require more frequent maintenance or face potential future capital improvement assessments common with older condominium developments.
Experience coastal living at its best in this two-bedroom, two-story ocean-view Malibu condo. Ideally located near Pepperdine University and award winning schools, this residence offers sweeping ocean views from the living room, oversized balcony, and both upstairs bedrooms.The main level features an open, light filled living and dining area, a breakfast space, and a kitchen with granite countertops and generous shelving that flows seamlessly into the main living area. The expansive balcony extends your living space outdoors, creating the perfect setting for entertaining, relaxing, or enjoying sunset views over the coastline. Upstairs, the spacious primary suite includes a private bath, walk in closet, and an attached recreation room ideal for a home office, gym, or additional lounge area. The second bedroom also enjoys beautiful ocean views, and a balcony positioned between the bedrooms enhances natural light and refreshing coastal breezes. With ocean views on both levels, flexible living space, and a prime Malibu location, this property presents a strong opportunity as a primary residence, weekend escape, or investment. Prime Malibu location near Pepperdine, Whole Foods, Malibu Pier, Nobu, Soho House, top dining, shopping, hiking, and beaches. Direct access to walking and biking paths to Cross Creek, Malibu Country Mart, and the Lumberyard. Ocean views include one of Malibu's iconic surf breaks. Resort-style community with heated pool, spa, sauna, showers, and lounge areas set within lush landscaped grounds.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-12 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,470 | 1,119 | 75% |
| Lot Size | 117,354 | 122,289.5 | 45% |
| Price | $1.20M | $1.09M | 55% |
| Price per sq ft | $816 | $857 | 40% |
| Built year | 1965 | 1973 | 20% |
| HOA | $1432.04 | $1.1K | 80% |
| Days on market | 54 | 223 | 10% |
Feb 27, 2026
$1,200,000
Initial Listing
Sep 14, 2015
$810,000
Public Record
Jun 2, 2005
$759,000
Public Record