28811 Pacific Coast Highway, Malibu, CA 90265

$7,500,000
11
BD
7
BA
6,446
SqFt
List Price
$7,500,000
Status
Active
MLS#
18367986
Year Built
1991
Bedrooms
11
Bathrooms
7
Living Sq. Ft
6,446
Lot Size
257,014
Lot Location
Cul-De-Sac
Days on Market
437
Property Type
Single Family Residential
Style
Adobe
Stories
Multi Levels
Common Walls
Detached/No Common Walls

Property Description

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!

Additional Information

Lot Description
Horse Property
Other Buildings
GuestHouse
Room
Guest-Maids Quarters
Pool Description
No Pool
Spa Description
None
Fireplace Rooms
Family Room
Heat
Central Furnace
Cooling
Ceiling Fan(s)
View
Ocean
Parking
Parking for Guests - Onsite
Garage Spaces Total
3
Fence
Chain Link
Sewer
Septic Tank
Water
District/Public
Terms
Cash

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of Pinnacle Estate Properties, Carrie Kim - CA DRE#00941321

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