
Malibu, California 90265
Analysis of 28815 Pacific Coast Highway, Malibu, California 90265 is currently available with a list price of $3,250,000. 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 over 30 years old and appears to retain most of its original finishes. Interior images show dated elements such as white square tile flooring with dark grout, louvered closet doors, and older light fixtures. While the home is well-maintained and functional, it lacks the modern renovations expected for its price point and location, with the listing itself suggesting it as a candidate for being 'reimagined' into a modern estate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30656, living area = 2397.
The property boasts rare, 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 parcel with a long, private driveway, the estate provides a level of seclusion and quietude rarely found so close to the Pacific Coast Highway.
The current 2,397-square-foot home, built in 1994, is relatively small for the lot size and price point, likely requiring a substantial renovation or complete rebuild to meet modern luxury standards.
The elevated mountain-top location and steep terrain may limit the amount of usable flat land and could significantly increase the complexity and cost of future construction or expansion.
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 | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 48% |
| Square foot | 2,397 | 2,748 | 42% |
| Lot Size | 30,656 | 18,758.5 | 61% |
| Price | $3.25M | $3.73M | 48% |
| Price per sq ft | $1.4K | $1.3K | 63% |
| Built year | 1994 | 1979 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 226 | 3% |
Feb 19, 2026
$3,250,000
Initial Listing
Dec 4, 1996
$300,000
Public Record