
Malibu, California 90265
This Expansive Single-Story Malibu Estate is listed at $4,750,000, representing a stable investment at its $4,750,000 Fair Market Value. Boasting iconic Queen's Necklace and Catalina Island views, the property offers a rare 3,932 sqft footprint in the prestigious Malibu Country Estates. While currently holding a Fair Condition Rating due to its 1978 architectural era, the home features a seamless indoor-outdoor flow and access to the 9/10 rated Webster Elementary and Malibu High School within the Santa Monica-Malibu Unified district. This residence offers significant upside through modernization. It is an ideal match for Owner-Occupants looking to create a custom sanctuary or Luxury Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24656 Blue Dane Lane Subject | $4,750,000* List Price | 4 | 4 | 3,932 | $1,208 | - |
A 3516 Malibu Country Drive Sold | $3,700,000 | 4 | 4 | 2,895 | $1,278 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is well-maintained and functional but retains a dated architectural style. While the listing highlights its 'well-maintained grounds' and 'beautiful bath,' the property analysis explicitly notes a 'dated architectural era' that requires modernization of interior finishes and systems to meet contemporary luxury standards, placing it firmly in the Fair category.
Elementary School: Webster Elementary School (9/10).
The property boasts spectacular, unobstructed views of the Queen's Necklace, Catalina Island, and the coastline, providing a quintessential Malibu luxury experience.
Situated at the end of a cul-de-sac in the prestigious Malibu Country Estates, the home offers exceptional privacy with no neighboring residences overlooking the living areas.
Built in 1978, the residence may require significant capital investment to modernize its interior finishes and systems to align with contemporary luxury standards.
A recent price reduction from the original listing price suggests the property is still finding its value floor in a competitive and price-sensitive luxury market.
With breathtaking views of the Queen's Necklace, Catalina and beyond, this large, single-story 4-bedroom, 3.5 bath home is located at the end of a cul-de-sac on one of the best streets in the highly sought-after Malibu Country Estates. Designed with privacy in mind, the property enjoys a peaceful setting with no neighboring homes looking into the residence. The open floor plan features spacious living, family, and dining rooms that capture natural light and ocean views, while the kitchen connects seamlessly to the entertaining areas. The generous primary suite includes a beautiful bath and direct access to a private patio, with three additional bedrooms offering comfort and flexibility. The well-maintained grounds feature patios and seating areas ideal for entertaining or relaxing around the fire pit while enjoying the privacy and spectacular ocean views. Outside, the yard includes numerous healthy, fruit-bearing citrus trees, adding the joy of fresh citrus from your own garden. Additional highlights include a large three-car garage and the potential for Pepperdine Wave Associates membership. Conveniently located near Pepperdine University, Malibu's beaches, the Country Mart, local dining, shopping, and the Sunday farmers market.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-12 • 6.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,932 | 2,752 | 75% |
| Lot Size | 15,257 | 18,559.5 | 48% |
| Price | $4.75M | $3.77M | 61% |
| Price per sq ft | $1.2K | $1.3K | 47% |
| Built year | 1978 | 1979 | 48% |
| HOA | $250.0 | $0 | 78% |
| Days on market | 182 | 226 | 33% |
Feb 25, 2026
$4,750,000
$4,950,000
-4% Price Drop
Initial Listing
Oct 22, 2025
$4,950,000
Initial Listing
May 3, 2006
$2,895,000
Public Record