$15,000,000
28517 Pacific Coast HWY Malibu, CA 90265
12
See all 12 photos
$15,000,000
Est. payment /mo
6.07 Acres Lot
Active Under Contract
28517 Pacific Coast HWY Malibu, CA 90265
UPDATED:
10/03/2024 09:27 PM
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 23265981
HOA Y/N No
Lot Size 6.066 Acres
Acres 6.0662
Property 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
Location
State CA
County Los Angeles
Area C33 - Malibu
Zoning LCRP
Interior
Fireplace No
Exterior
View Y/N Yes
View Mountain(s), Ocean
Building
New Construction No
Others
Senior Community No
Tax ID 4467013023
Special Listing Condition Standard
Listed by Tony Mark • Compass
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