
Malibu, California 90265
This Modern Mediterranean Legacy Estate is a Strong Value Opportunity, listed at $5,995,000—positioned well below the $6,500,000 Fair Market Value by 7%. This valuation gap provides $505,000 in Instant Equity for a property in Renovated Condition. The two-acre compound features unobstructed ocean views, a saltwater pool, and a 1,100 sq ft guest house. Situated in the elite Santa Monica-Malibu Unified district, this turnkey sanctuary balances lifestyle luxury with significant financial upside. It is an exceptional acquisition for Luxury Homeowners or Value-Driven Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29660 Harvester Road Subject | $5,995,000* List Price | 5 | 6 | 4,898 | $1,224 | - |
A 5932 Busch Drive Active | $7,770,000 List Price | 4 | 5 | 5,150 | $1,509 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1979, the property has been 'reimagined and beautifully renovated' with a 'designer kitchen' featuring 'brand new appliances' and quartz countertops. The images confirm a high-end, modern aesthetic throughout, including wide-plank white oak floors, contemporary light fixtures, and luxurious, recently updated bathrooms with freestanding tubs, modern vanities, and high-quality finishes. All components appear new or virtually new, indicating an extensive renovation within the last 5 years, meeting current quality standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 94042, living area = 4898.
Set atop a private, elevated rolling knoll in prestigious Malibu Park, this reimagined and romantic Modern Mediterranean estate offers elevated coastal living on over two park-like acres of fully usable land with unobstructed ocean views and exceptional privacy. This is a rare opportunity to own a legacy estate that defines luxury coastal living in Malibu. A long, tree-lined driveway leads to a beautifully renovated 4,898 sq ft main residence, showcasing wide-plank white oak floors, custom cabinetry, and a sunlit open-concept layout. The designer kitchen features quartz countertops, brand new appliances and sweeping views of the Pacific. Indoor living spaces flow effortlessly to a covered heated terrace, sparkling saltwater pool, and manicured lawn. The home offers 5 bedrooms and 6 bathrooms across three structures, including a 1,100 sq ft guest house with expansive ocean views, a sun-lit deck off the main bedroom, vaulted ceilings, two brick fireplaces, full chefs kitchen, and a lower level featuring a large bonus room and full bath ideal for extended stays or a private office. A separate 500 sq ft studio offers additional flexible space for a theatre, creative work or wellness. Outdoors, California native landscaping surrounds the property, with sycamore, oak, fruit trees, coastal sage, adding natural beauty and privacy. A vine-draped pergola, tiered fountain, and ocean-facing lounge areas create the ultimate setting for entertaining and relaxation. Additional upgrades include a full-house generator and whole-house water filtration system. Located minutes from Zuma Beach, Malibu schools, and scenic trails, this one-of-a-kind estate is the perfect blend of luxury, nature, and modern California living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 73% |
| Baths | 6.0 | 4.0 | 83% |
| Square foot | 4,898 | 2,752 | 83% |
| Lot Size | 94,042 | 18,758.5 | 84% |
| Price | $6.00M | $3.77M | 70% |
| Price per sq ft | $1.2K | $1.3K | 48% |
| Built year | 1979 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 100 | 226 | 6% |
Mar 11, 2026
$5,995,000
$6,500,000
-8% Price Drop
Initial Listing
Jan 12, 2026
$6,500,000
Initial Listing