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3662 Sweetwater Canyon Drive, Malibu, California 90265, Malibu, 90265 - 3 bed, 2 bath

3662 Sweetwater Canyon Drive, Malibu, California 90265 home-pic-0
ACTIVE$6,950,000
3662 Sweetwater Canyon Drive, Malibu, California 90265
3Beds
2Baths
1,619Sqft
45,934Lot
Year Built
1956
Close
-
List price
$6.95M
Original List price
$7.75M
Price/Sqft
$4,293
HOA
-
Days on market
-
Sold On
-
MLS number
OC25164412
Home ConditionTear down
Features
Excellent View: Catalina, City Lights, Coastline, Ocean, Panoramic, Pier
Pool
Patio
ViewCatalina,City Lights,Coastline,Ocean,Panoramic,Pier

About this home

We found 3 Cons,5 Pros. Rank: price - $6.95M(71th), sqft - 1619(14th), beds - 3(38th), baths - 2(17th).

Enjoy your own paradise in one of Malibu’s most exclusive enclaves! Nestled on Sweetwater Canyon Drive, this single-story home is prime for redevelopment or customization. Sited within a private gated community of just 21 residences, each with breathtaking views of the Queen’s Necklace, Catalina Island, and Big Dume Beach and perched above iconic NOBU and Soho House Malibu, this property offers direct vistas of the Malibu Pier and the legendary Surfrider Beach. The expansive, over one acre property features a large motor court and unrivaled privacy set at the end of a gated driveway just minutes from PCH, offering seclusion and convenience. Spectacular panoramic views and ocean vistas surrounded by Malibu's natural beauty all steps from Malibu's premier lifestyle destinations.

Price History

Date
Event
Price
09/23/25
Price Change
$6,950,000-10.3%
07/24/25
Listing
$7,750,000
12/17/20
Sold
$6,800,000
01/30/04
Sold
$2,010,000
Condition Rating
Tear down
Built in 1956, the property's description explicitly states it is 'prime for redevelopment or customization,' indicating the value lies primarily in the land and its potential. While the interior appears clean and staged, the kitchen features dated mid-century modern cabinetry, butcher block countertops, and older tile flooring, suggesting no significant modern renovations have occurred. No bathroom images are provided, which often implies they are also outdated. The cracked driveway also points to deferred exterior maintenance. Given the age and the listing's emphasis on redevelopment, the existing structure is not considered a primary asset, aligning with the 'tear-down' criteria where value is based on land and redevelopment potential.
Pros & Cons

Pros

Panoramic Ocean & Landmark Views: Offers breathtaking, unobstructed panoramic views of Catalina Island, the Queen’s Necklace, Malibu Pier, Surfrider Beach, and the vast Pacific Ocean.
Exclusive Gated Community & Privacy: Nestled within a private, limited-residence gated community, ensuring exceptional seclusion and security at the end of a private driveway.
Significant Redevelopment Opportunity: The expansive over one-acre lot and existing 1956 structure are explicitly noted as 'prime for redevelopment or customization,' presenting an ideal canvas for a custom luxury new build.
Prestigious Malibu Location: A prime address in one of Malibu's most exclusive enclaves, with convenient access to iconic lifestyle destinations like NOBU, Soho House, and Pacific Coast Highway.
Expansive Lot Size: The property boasts an impressive over one-acre lot (45,934 sqft), providing ample space for a grand estate, extensive landscaping, and enhanced privacy.

Cons

Outdated Existing Structure: Built in 1956 and described as 'prime for redevelopment,' the current 1619 sqft home likely requires substantial renovation or a complete rebuild to meet modern luxury standards.
High Total Investment Required: The high list price, even after a reduction, combined with the explicit need for significant redevelopment, implies a substantial total financial commitment for the buyer beyond the purchase price.
Relatively Small Current Home Size: The existing 1619 sqft home is modest for a luxury property on an over one-acre lot in Malibu, making it less appealing for buyers seeking a spacious, move-in ready residence.

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