23843 Harbor Vista Dr Malibu, CA 90265
This exceptional offering presents a rare chance to acquire 25,754 square feet of vacant land zoned RR1 in the prestigious Malibu Knolls neighborhood. Priced at $6,888,000 ($267/sq ft), this property is ready for construction of a stunning custom home. Plans are in place for a two-story, approximately 5,400 square foot luxury residence boasting five bedrooms and five and a half bathrooms. The design incorporates a three-car subterranean garage with private elevator access to all floors. The main living areas feature 10-foot ceilings, expansive windows showcasing breathtaking 270-degree ocean and mountain views, and a seamless indoor-outdoor flow. The first floor includes a living room, dining room with a two-sided fireplace, a chef's kitchen with two islands and sinks, two bedrooms, and a family room with an 18-foot loft ceiling and fireplace. The second floor mirrors the stunning views with a large wrap-around balcony and an additional usable terrace. Outdoor amenities planned include a swimming pool, spa, Baja shelf, sports court, playground area, and a Mediterranean garden with fruit trees and grapevines. The property also features a rear courtyard with a fountain and fireplace. Significant groundwork is already complete, including grading, retaining walls, and permits for the Advanced On-site Wastewater Treatment System (AOWTS), drainage, and pool. The foundation is in place, and the design allows for a future 200 square foot addition (separate permit required). The large flat roof is ideal for solar panel installation. This is a truly unique opportunity to build your dream home in one of Malibu's most desirable locations. APN: 4458-024-013.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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