26939 Sea Vista Drive, Malibu, California 90265, Malibu, 90265 - 2 bed, 3 bath
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Malibu, California 90265
Analysis of 26939 Sea Vista Drive, Malibu, California 90265 is currently available with a list price of $4,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1963 (61 years old) and has not been on the market in 50 years, indicating no recent renovations. The listing explicitly states the residence and pool require repair and suggests redevelopment, fitting the criteria for a structure over 50 years old where the value is primarily in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 151844, living area = 2346.
The property spans two separate legal parcels totaling 3.48 acres, offering a rare opportunity for redevelopment, expansion, or the addition of equestrian facilities in a prime Malibu location.
Positioned on a bluff, the estate captures breathtaking, unobstructed panoramic views of the ocean, canyons, and mountains, providing a quintessential Malibu backdrop.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =151844, other record lot size in square feet = 108443.
Both the primary residence and the pool are in need of significant repair and restoration, which will require a substantial additional financial investment and time commitment.
With only two bedrooms and approximately 2,346 square feet of living space, the current structure is relatively small for the price point and may necessitate a major expansion to meet modern luxury standards.
Set upon a bluff this 3.48 acre estate located in prime central Malibu, is an exceptional offering spanning two seperate legal parcels and available for the first time in nearly 50 years. A stunning 1963 post and beam Mid-Century with 2-bedrooms, 3-baths and covered garage parking sits at the top of the property, capturing incredible sweeping ocean and canyon views with astounding sunsets. The nearly 2,400 sq ft residence and existing pool require repair, presenting an opportunity for restoration or redevelopment with your personal touches. The top parcel is comprised of 2.49 acres and the second parcel is .98 acres with direct water views offering significant potential for further development or outdoor amenities such as possible equestrian uses. Ideally located mere minutes from Point Dume and Cross Creek, this is a compelling opportunity to create a legacy property in one of Malibu's most desirable settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 3.0 | 4.0 | 41% |
| Square foot | 2,346 | 2,939.5 | 36% |
| Lot Size | 151,844 | 25,853.5 | 89% |
| Price | $5.00M | $4.42M | 57% |
| Price per sq ft | $2.1K | $1.3K | 76% |
| Built year | 1963 | 1979 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 207 | 4% |
May 15, 2026
$4,995,000
Initial Listing