Under Contract

28517 Pacific Coast Hwy

Malibu CA, 90265

$15,000,000


$56.77 per sqft

Under Contract

6.07 Acres

Land

This exceedingly rare opportunity is the only available property zoned for multi-family use in all of Malibu. Comprised of 2 parcels totaling 6+ acres, these flat lots are perfectly situated with tranquil ocean views on the landside of Paradise Cove and adjacent to the luxury condos at The Pointe. The large parcel is nearly 5.2 acres, and the second parcel is approximately 0.8 acres with a burnout homesite from a former ~3,004 sq. ft. residence and guest house. Per the City of Malibu's Local Coastal Program, both properties are zoned for multi-family residential allowing for 6 units per acre. Both sites are a moment's drive from the shops and restaurants at Point Dume Village and Trancas Country Market, as well as sandy beaches, highly rated schools, parks, and trails. A development opportunity of this magnitude, location, and land use designation is likely the last of its kind on the Malibu coastline. Includes APN's 4467-013-022 & -023

23-265981

MLS ID

May 11, 2023

Listed

July 13, 2024

Updated

Map

28517 Pacific Coast Hwy
Malibu CA, 90265

Exterior/Building Features

Lot Size

6.07 Acres

Other Property Details

Area Name

Malibu


Days on Market

426


Garage

No


View

Yes


View Description

Ocean, Mountains


County

Los Angeles


Pool

No


Zoning

LCRP

Listing History

Date

Event

Price

7/10/2024

Under Contract

Listed by Tony Mark with Compass
Listing Contact: 000-000-0000 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor True Story Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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