26820 Malibu Cove Colony Drive, Malibu, California 90265, Malibu, 90265 - 5 bed, 6 bath

26820 Malibu Cove Colony Drive, Malibu, California 90265 home-pic-0

26820 Malibu Cove Colony Drive

Malibu, California 90265

ACTIVE
CONDITION: EXCELLENT
5Beds
6Baths
4,090Sq Ft
6,330Lot Size

Property Price

LIST PRICE$15,995,000
EST. MARKET VALUE
$15,916,209

SUMMARY

Analysis of 26820 Malibu Cove Colony Drive, Malibu, California 90265 reveals a Fairly Priced Property with a current list price of $15,995,000  aligned with the estimated $15,916,209 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Estimated Market Value

$15,916,209
Based on Realkey algorithm analyzing recent comparable sales in Malibu.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
26820 Malibu Cove Colony Drive
Subject
$15,995,000*
List Price
564,090$3,891-
A
26520 Latigo Shore Drive
Sold
$12,000,000453,519$3,4100.4 mi
B
27218 Pacific Coast Highway
Sold
$17,600,000343,829$4,5970.6 mi
C
26814 Malibu Cove Colony Drive
Active
$12,750,000
List Price
564,640$2,7480.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being built in 1975, this property has clearly undergone an extensive, high-end renovation within the last 5 years, as evidenced by the modern, luxurious finishes throughout. The gourmet kitchen features professional-grade appliances and custom natural wood cabinetry, while the spa-like bathrooms boast contemporary fixtures, vessel sinks, and high-quality materials. All visible components appear new or virtually new, meeting current luxury standards. The unique architectural design, premium materials like American Southern cypress, and integrated smart features contribute to an overall 'excellent' condition, even with the noted absence of central air conditioning.

PROSSTRENGTHS & OPPORTUNITIES

  • Direct Beach Access & Surf Spot

    The property offers direct access to the beach and the renowned Latigo surf spot, making it exceptionally appealing for ocean enthusiasts and providing a premium coastal lifestyle.

  • Panoramic Ocean Views

    Boasting ocean views from almost every room, the home maximizes its prime Malibu location, offering stunning vistas and enhancing its luxury appeal.

  • Unique Architectural Design & High-End Materials

    Designed by architect Jay Vanos, the home is an 'architectural marvel' featuring an intricate blend of wood, stone, and metal, with American Southern cypress floors and a soaring wave redwood ceiling, showcasing exceptional craftsmanship and unique aesthetics.

CONSRISKS & DEFICIENCIES

  • Lack of Central Air Conditioning

    The property description does not mention a cooling system, which could be a significant drawback for comfort during warmer months, especially for a luxury home in California.

  • Niche Architectural Style Appeal

    While unique and high-quality, the specific architectural style and material blend may cater to a niche taste, potentially limiting the pool of prospective buyers compared to more universally appealing modern designs.

  • Potential for System Updates

    Built in 1975, despite its high-end finishes, the property may require updates to core systems (e.g., plumbing, electrical, or non-aesthetic HVAC components) to meet modern efficiency standards or buyer expectations for a luxury home at this price point.

About 26820 Malibu Cove Colony Drive

This architectural marvel features an intricate blend of vertical and horizontal planes of wood, stone, and metal, bathed in natural light streaming through sliding glass walls, strategically placed skylights, and an artistic glass floor. Designed by architect Jay Vanos, the finest woodworkers used American Southern cypress for its durability and golden hue on the floors and walls, complemented by a soaring wave redwood ceiling. With ocean views from almost every room, the home boasts a great room with a fireplace, a sitting/dining area, a gourmet kitchen with high-end appliances, and glass walls that open to an outdoor deck perfect for intimate or lavish entertaining. It includes three spacious master suites with fireplaces, luxurious spa-like baths, large closets, and ocean view decks, along with two additional bedrooms. Additional spaces include a sun-filled office/den, a cozy reading/library area, an art studio, an indoor sauna, a zen-style wellness area with sauna and cold plunge, and more. Steps lead to a lower-level surfboard storage area and provide direct access to the beach and renowned Latigo surf spot, making it an ideal home for surfing enthusiasts.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1975
Lot Size
6,330 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
6 (6 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$416.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
73%
Baths6.04.0
84%
Square foot4,0902,981
79%
Lot Size6,33016,910
12%
Price$15.99M$4.00M
94%
Price per sq ft$3.9K$1.3K
96%
Built year19751976
46%
HOA$416.0$0
79%
Days on market387221
91%

Pricing History

Listed for Sale

Feb 12, 2025

$15,995,000

Initial Listing

Sold

Jun 4, 2021

$10,400,000

Public Record

Browse Properties by State Browse housing market trends by state