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
August 23, 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
462
Garage
No
View
Yes
View Description
Ocean, Mountains
County
Los Angeles
Pool
No
Zoning
LCRP
Listed by Tony Mark with Compass
Listing Contact: 310-230-5771
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Data last updated 8/23/2024