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26908 Malibu Cove Colony Drive, Malibu, California 90265, Malibu, 90265 - 5 bed, 5 bath

26908 Malibu Cove Colony Drive, Malibu, California 90265 home-pic-0
ACTIVE$10,925,000
26908 Malibu Cove Colony Drive, Malibu, California 90265
5Beds
5Baths
3,354Sqft
7,465Lot

Price Vs. Estimate

The estimated value ($11,450,000) is $525,000 (4%) higher than the list price ($10,925,000). This property may be underpriced.

Key pros and cons

Top Pros:
Unrivaled Beachfront Location & Exclusivity: The property boasts a prime, direct-on-the-sand location within a highly exclusive guard-gated street in Malibu, offering unparalleled privacy and direct water access.
Top Cons:
Property Age & Potential for System Updates: Built in 1974, while cosmetically appealing, the property's core systems (e.g., plumbing, electrical, insulation) may be original and could require significant updates to meet contemporary standards and efficiency expectations.

Compared to the nearby listings

Price:$10.93M vs avg $4.44M (+$6,487,500)79%
Size:3,354 sqft vs avg 2,813 sqft60%
Price/sqft:$3.3K vs avg $1.3K89%

More Insights

Built in 1974 (51 years old).
Condition: Built in 1974, this property is well-maintained but shows signs of an older renovation. The kitchen features dated white cabinetry with shell-pull hardware and black granite countertops, suggesting updates from 15-25 years ago rather than recent. Similarly, the primary bathroom's vanity style, mirrors, and light fixtures appear to be from a similar period. A significant drawback for a luxury home of this caliber is the absence of central air conditioning. While the hardwood floors are in good condition and the property boasts desirable outdoor amenities and views, the interior finishes and core systems are functional but outdated, aligning with the 'Fair' condition criteria.
Year Built
1974
Close
-
List price
$10.93M
Original List price
$11.45M
Price/Sqft
$3,257
HOA
$9,625
Days on market
-
Sold On
-
MLS number
25608523
Home ConditionFair
Features
Excellent View: City Lights, Coastline, Ocean, Panoramic, Water
Deck
Spa
Patio
ViewCity Lights,Coastline,Ocean,Panoramic,Water

About this home

Enjoy the art of beachfront living in this elegant five-bedroom home, ideally situated on a guard-gated street for the ultimate in exclusivity and peace of mind. A serene courtyard entry welcomes you into a covered loggia with a soothing spa, outdoor fireplace, and lush greenery creating a tranquil oasis before you even step inside. Upon entering, rich hardwood floors flow seamlessly throughout the home's sunlit, open-concept layout. Both the living and family rooms feature fireplaces, sweeping ocean, coastline and city light views, opening directly onto an expansive seaside deck with a fire pit perfect for effortless entertaining and sunset gatherings. The main level includes a private en-suite bedroom with its own entrance, ideal for guests. Upstairs, the oceanfront primary suite offers a private balcony, fireplace, and walk-in closet, creating a true sanctuary with panoramic views of the Pacific. Three additional bedrooms complete the upper level, each bright and spacious. Three additional bedrooms complete the upper level, and all feature vaulted, beamed ceilings that enhance their bright, airy, coastal charm. Set directly on the sand, the entertainer's deck offers direct access to the water's edge and your own charming surf shack. Modern comforts include an electric car charger, a three-car garage, and additional private parking. Blending luxury with relaxed coastal living, this home perfectly captures the essence of life at the beach.

Price History

Date
Event
Price
12/31/97
Sold
$1,690,000
Condition Rating
Fair
Built in 1974, this property is well-maintained but shows signs of an older renovation. The kitchen features dated white cabinetry with shell-pull hardware and black granite countertops, suggesting updates from 15-25 years ago rather than recent. Similarly, the primary bathroom's vanity style, mirrors, and light fixtures appear to be from a similar period. A significant drawback for a luxury home of this caliber is the absence of central air conditioning. While the hardwood floors are in good condition and the property boasts desirable outdoor amenities and views, the interior finishes and core systems are functional but outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Unrivaled Beachfront Location & Exclusivity: The property boasts a prime, direct-on-the-sand location within a highly exclusive guard-gated street in Malibu, offering unparalleled privacy and direct water access.
Breathtaking Panoramic Views: Enjoy sweeping, panoramic views of the ocean, coastline, and city lights from multiple vantage points, including the living areas and the oceanfront primary suite's private balcony.
Exceptional Indoor/Outdoor Entertainment: Designed for entertaining, the home features an expansive seaside deck with a fire pit, a charming surf shack, and a serene courtyard with a spa and outdoor fireplace.
Luxurious & Thoughtful Interior Design: The interior showcases an open-concept layout with rich hardwood floors, multiple fireplaces, vaulted/beamed ceilings, and a private en-suite guest bedroom with its own entrance.
Modern Conveniences & Ample Parking: The property includes practical modern amenities such as an electric car charger, a three-car garage, and additional private parking, enhancing convenience for residents and guests.

Cons

Property Age & Potential for System Updates: Built in 1974, while cosmetically appealing, the property's core systems (e.g., plumbing, electrical, insulation) may be original and could require significant updates to meet contemporary standards and efficiency expectations.
Absence of Central Cooling System: The description does not mention any central air conditioning or cooling system, which could be a notable drawback for comfort during warmer periods, particularly for a luxury residence.
Substantial Association Fees: The property is subject to a significant association fee of $9,625, which adds a considerable recurring cost to ownership and may impact the overall affordability for potential buyers.

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