
Malibu, California 90265
Analysis of 28867 Grayfox Street, Malibu, California 90265 is currently available with a list price of $14,995,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 extensive renovation needed.
The property is a 1968 structure currently undergoing a major permitted studs-out remodel. It is in an unfinished, mid-construction state showing bare framing and subfloors with no functioning kitchen, bathrooms, or HVAC systems, requiring a complete rehab and finish out.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45868, living area = 3421.
The property includes highly coveted beach keys to Little Dume, offering private access to one of Malibu's most exclusive and sought-after coastal locations.
With fully approved permits and construction already underway, this offering allows a buyer to bypass Malibu's notoriously lengthy and difficult multi-year entitlement process.
As an unfinished project, the property is not move-in ready and requires the buyer to navigate the complexities of active construction and finish selection.
In addition to the nearly $15M acquisition price, the buyer will need to commit significant additional capital to complete the proposed 6,700 square feet of structures.
A rare offering on an iconic street. A Point Dume estate with coveted beach keys to Little Dume. Gorgeous views of the waves from a frame worthy setting. This rare opportunity has an existing main house positioned on over an acre of flat and mature landscaped grounds. Included are permitted and fully approved plans for the existing main residence to be remodeled in addition to building a detached guest house and a detached three car garage; of which construction is already underway. An offering like this allows for a seamless transition into the rewarding phase of building: selecting finishes, materials, and design elements that reflect your personal taste. The proposed estate spans over one acre of property and approximately 6,700 square feet of existing and proposed structures. The layout anchored in the sense of California warmth includes a total of six bedrooms with en suites, multiple indoor/outdoor living spaces, a detached two bedroom guest house, detached three car garage, and a resort-style pool and spa. All framed by thoughtfully designed landscape and hardscape elements. Terraces, decks and patios are positioned to enjoy the ocean and mountain views, draw in natural light and capture the serenity of the surrounding property. The floor plans reveal a sophisticated flow, from the expansive entry into a gracious open concept kitchen, living, and dining space all designed to capture ocean views from the main level to a private bedroom wing and a dedicated den. The primary suite offers a spa inspired bath, generous terraces, and walk-in closets a layout that offers both flexibility and luxury. The guest house and detached garage are discreetly positioned to create a sense of estate scaled privacy, while the access to the beach underlines the lifestyle this address affords. To obtain plans and building permits on Point Dume with this level of forethought is exceedingly rare. An incredible value and unheard of opportunity to fast forward through a multi year process and immediately enter the most creative chapter of your dream home, all within one of Malibu's most treasured neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 3,421 | 3,173 |
| Lot Size | 45,868 | 32,846 |
| Price | $14.99M | $4.62M |
| Price per sq ft | $4.4K | $1.4K |
| Built year | 1968 | 1976 |
| HOA | $0 | $2.0K |
| Days on market | 33 | 103 |
Jun 19, 2026
$14,995,000
Initial Listing
Aug 11, 2017
$6,500,000
Public Record
Jan 28, 2003
$1,875,000
Public Record