
Malibu, California 90265
This Luxury Ocean View Estate is a Strong Value Opportunity, listed at $4,854,000—positioned well below the $4,899,000 Fair Market Value by 1%. This valuation gap provides $45,000 in Instant Equity. Boasting an Excellent Condition Rating after an extensive remodel, the residence features panoramic Broad Beach views, a Viking chef's kitchen, and a rare 0.5-acre developable lot. Located in the prestigious Santa Monica-Malibu Unified district, it balances immediate lifestyle luxury with significant expansion upside. This is an ideal acquisition for Owner-Occupants or Developers.
Property is new construction or fully renovated.
Although originally built in 1988, the property has undergone an extensive recent renovation that brings it to current luxury standards. The interior features high-end finishes including wide-plank hardwood floors, a chef's kitchen with premium Viking appliances, and spa-like bathrooms with marble surfaces and modern fixtures. The overall condition shows no signs of deferred maintenance, and the systems and aesthetics appear virtually new.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44564, living area = 3462.
The property includes an additional half-acre of flat, usable land, offering a rare and significant opportunity to add a guest house, pool, or sports court in a prime Malibu location.
The estate features sweeping, unobstructed views of Broad Beach and the Pacific coastline from multiple levels, enhanced by expansive windows and a wraparound balcony.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =44564, other record lot size in square feet = 45115.
Future development of the vacant lot is subject to strict City of Malibu approvals and build-ability permits, which can be a lengthy and uncertain process for buyers.
The residence is distributed across three levels, which may be a drawback for buyers seeking single-story living or those with mobility concerns.
OCEAN VIEW ESTATE ON PRIVATE ROAD WITH ADDITIONAL LOT FOR DEVELOPMENT! Luxury living meets limitless potential on this rare Malibu estate spanning over one acre. The property features a beautifully remodeled residence with panoramic ocean views, plus more than half an acre of flat, usable vacant land - an exceptional opportunity in one of Malibu's most desirable settings. The custom-built home offers three well-designed levels with wide-plank hardwood floors, soaring vaulted ceilings, and expansive windows framing sweeping Broad Beach views. The chef's kitchen is equipped with Viking appliances, a breakfast bar, ample storage, a large pantry, and a built-in desk. The main level also includes a wraparound balcony, a spacious bedroom, full bathroom, powder room, and direct access to the two-car garage. The lower level hosts an oversized primary suite with a fireplace, spa-inspired bath featuring marble finishes, soaking tub, separate shower, dual vanity, and a large walk-in closet, along with an additional bedroom, laundry room, and sunroom/flex space. The top level continues to showcase ocean views and offers a family room with wet bar, two bedrooms, and a full en-suite bathroom. A gated entrance leads to lush, landscaped grounds featuring a vegetable garden, private putting green, and a large water feature designed for soaking and relaxation, along with generous outdoor entertaining areas. Adjacent flat vacant land offers remarkable flexibility and creative potential for a future owner, with possibilities that may include gardens, a pool and spa, sports court, guest house, studio, or additional structures, subject to buyer due diligence and City of Malibu approvals regarding allowable uses, build-ability, and permits.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 73% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,462 | 2,752 | 61% |
| Lot Size | 44,564 | 18,758.5 | 66% |
| Price | $4.85M | $3.77M | 64% |
| Price per sq ft | $1.4K | $1.3K | 63% |
| Built year | 1988 | 1979 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 226 | 6% |
Mar 13, 2026
$4,854,000
$4,899,000
-1% Price Drop
Initial Listing
Jan 22, 2026
$4,899,000
Initial Listing
Sep 23, 2021
$2,850,000
Public Record