
Malibu, California 90265
Analysis of 28815 Pacific Coast Highway, Malibu, California 90265 is currently available with a list price of $2,960,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1994, the property is 30 years old and retains its original finishes. Interior photos show dated white square tile flooring, 90s-style oak cabinetry, laminate countertops, and Hollywood strip lighting in the bathrooms. While the home appears well-maintained and functional, it is significantly dated and requires comprehensive cosmetic updates to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 99752, living area = 2397.
The property boasts unobstructed 180-degree views of the Pacific Ocean and the famed 'Queen's Necklace' coastline, offering one of the most prestigious vantage points in Malibu.
Set on a sprawling 2.29-acre mountain-top lot with a long private driveway, the estate provides rare seclusion and a significant buffer from the Pacific Coast Highway.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =99752, other record lot size in square feet = 30883.
Built in 1994 and marketed as an opportunity to 'reimagine,' the home likely requires a comprehensive renovation to meet the expectations of today's luxury buyers.
The steep, mountain-top elevation and winding access may present logistical challenges for construction and limit the amount of usable flat land for outdoor amenities.
For the first time in 75 years, a once-in-a-generation offering along the iconic Pacific Coast Highway. 28815 Pacific Coast Highway Set high above the coastline on 2.29 private acres, this legacy property sits at the top of a mountain with commanding, unobstructed 180-degree views of the Pacific Ocean. From this vantage point, you experience what many consider the very best view of the famed Queen's Necklace a sweeping panorama that stretches endlessly along the curve of the coast, sparkling by day and glowing with city lights by night. A long, private driveway creates a true sense of arrival, winding up to the residence and offering complete privacy and separation from the road below. The setting is quiet, elevated, and irreplaceable. The home offers nearly 2,400 square feet of living space with 4 bedrooms and 3 bathrooms. Generous living areas and large windows are oriented toward the view, allowing natural light to pour in and the ocean to become the backdrop of everyday living. Nearly every room captures the drama of the coastline. The 2.29-acre parcel provides both space and opportunity whether you choose to preserve its existing charm or reimagine the property into a modern coastal estate, the foundation here is extraordinary. Mountain-top privacy combined with one of Malibu's most iconic vantage points is something rarely available and almost never with this kind of history. A true generational offering. Elevated. Private. Unmatched.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 3.0 | 4.0 | 39% |
| Square foot | 2,397 | 3,180 | 34% |
| Lot Size | 99,752.398 | 27,096 | 86% |
| Price | $2.96M | $4.58M | 33% |
| Price per sq ft | $1.2K | $1.3K | 44% |
| Built year | 1994 | 1980 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 212 | 3% |
May 28, 2026
$2,960,000
Initial Listing