
Malibu, California 90265
This Newly Built Custom Residence is a Strong Value Opportunity, listed at $16,900,000—positioned well below the $18,973,569 Fair Market Value by 10%. This valuation gap offers $2,073,569 in Instant Equity. Boasting a Mint Condition Rating, the home features a chef's kitchen, wellness center, and infinity-edge pool on a 3.3-acre promontory. With its panoramic ocean views and high-end sustainable systems, this property is an ideal acquisition for Luxury Homeowners or High-Net-Worth Investors seeking a premier Malibu estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29600 Harvester Road Subject | $16,900,000* List Price | 6 | 9 | 9,351 | $2,029 | - |
A 29800 Cuthbert Road Active | $12,900,000 List Price | 6 | 7 | 6,650 | $1,940 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a newly built custom residence (2023) in mint condition. It features a contemporary chef's kitchen with top-tier materials, ultra-modern bathrooms with high-end finishes, and brand-new systems including solar panels and an elevator, requiring zero maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 143671, living area = 9351.
Situated on a rare 3.3-acre promontory in Malibu Park, the property offers unobstructed, panoramic views of the coastline, ocean, and mountains, providing a high level of privacy and prestige.
This 2023 custom-built residence features over 9,300 square feet of living space with an exceptional indoor-outdoor flow, highlighted by floor-to-ceiling accordion glass doors and a resort-style infinity pool.
A recent $1M price reduction shortly after listing suggests the initial pricing may have been aggressive for the current Malibu luxury market climate.
The reliance on photos from earlier staging may create a disconnect for prospective buyers between the online presentation and the current physical state of the vacant or differently furnished interior.
Newly priced at $16,900,000 following a $1M price reduction. Set on an approximately 3.3-acre promontory in Malibu Park, this newly built custom residence pairs striking contemporary architecture with sweeping ocean, coastline and mountain views. Designed and built for the owner, the approximately 9,351-square-foot home was thoughtfully planned around its setting, creating an exceptional sense of scale, privacy and effortless indoor-outdoor living. A dramatic double-door entry opens to a circular foyer and an expansive, open-concept main level where the living spaces flow naturally toward the ocean. The chef's kitchen is finished with top-tier appliances and materials and is complemented by a walk-in wine cellar, while a dedicated theater, elevated lounge and ocean-view office add spaces for both entertaining and everyday living. The primary suite is a true retreat, featuring a generous sitting area, dual bathrooms, expansive customizable closet space, private bar and floor-to-ceiling accordion glass doors that open completely to an ocean-view terrace with a fire pit. Three additional en-suite bedrooms are positioned on the opposite side of the main level, creating separation and flexibility within the floor plan. An attached private guest suite provides additional accommodations with convenient connection to the main residence. The lower level continues the resort-style experience with a spacious gym and private wellness area featuring a steam shower, dry sauna and direct access to the grounds. Outside, the home opens to an infinity-edge pool and spa, outdoor kitchen, multiple fire pits and seating areas, broad lawns and landscaped groundsall oriented to take advantage of Malibu's light, air and ocean views. A double-gated driveway, three-car garage, elevator and solar panels complete the property. Located in Malibu Park, the home is moments from Zuma Beach, Point Dume and some of Malibu's most renowned surf breaks, with miles of hiking and recreation in the Santa Monica Mountains nearby. Trancas Country Mart, local restaurants, markets and everyday conveniences are also just minutes away. All photos represent earlier staging.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.3 |
| Baths | 9.0 | 3.7 |
| Square foot | 9,351 | 2,959.4 |
| Lot Size | 143,671 | 37,912.886 |
| Price | $16.90M | $4.17M |
| Price per sq ft | $1.8K | $1.3K |
| Built year | 2023 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 28 | 102 |
Aug 12, 2026
$16,900,000
Initial Listing
Oct 3, 1997
$180,000
Public Record