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28811 PACIFIC COAST Highway, Malibu, CA 90265 (MLS # 18367986)

Price $7,500,000
Status Active
Beds 11
Baths 7 baths
Home size 6,446 sq ft
Lot Size 5.90 ac
Days on Market 438
Rare investment/development opportunity in Malibu. This 5.9 acre ocean/queen's necklace view estate site has valuable City of Malibu approval for a 3-lot subdivision, each parcel with an ocean view. Existing 11 bedroom 7 bath home on the property has a recently renovated kitchen and hardwood floors throughout. Private front driveway off of PCH and rear entrance off of Galahad Drive. This property is horse-zoned and has a variety of fruit trees. Guest house with private yard and plenty of parking. First time on the market in 40 years. Remodel the existing home and keep as a large equestrian property, vineyard potential, build two new houses, etc. etc. - the possibilities are infinite!
Property Type(s): Single Family
Last Updated 8/13/2018 Year Built 1991
Community C33 - Malibu County Los Angeles

Additional Details

APPLIANCES Water Heater Central
AREA C33 - Malibu
HEAT Central Furnace
LOT 5.9 acre(s)
PARKING Spaces: 3.00
SEWER Conventional Septic
UTILITIES Cable Available



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Listing provided by : Carrie Kim CalDRE: 00941321, Pinnacle Estate Properties

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