28517 Pacific Coast Highway, Malibu, CA 90265

  • $15,000,000
  • $57
28517 Pacific Coast Highway, Malibu, CA 90265
For Sale
28517 Pacific Coast Highway, Malibu, CA 90265
  • $15,000,000
  • $57

Overview

Property ID: SGR-4985165
  • Land
  • Property Type

Description

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

  • Address 28517 Pacific Coast Highway
  • City Malibu
  • State/county CA
  • Zip/Postal Code 90265
  • Area C33 - Malibu
  • Country United States

Details

Updated on August 22, 2023 at 12:16 pm
  • Property ID: SGR-4985165
  • Price: $15,000,000
  • Land Area: 264245.00 m²
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: 23265981
  • Office Name: COMPASS
  • Agent Name: Tony Mark
  • MLS Status: Active
  • Co-Office Name: Compass
  • Co-Agent Name: Russell Grether
  • Agent State License: 01205648
  • Co-Agent State License: 01836632

Additional details

  • View: Ocean,Mountain(s)
  • County: Los Angeles
  • Parking: 0.00

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