SPECTACULAR OCEAN VIEW ESTATE PROPERTY/
AMAZING DEVELOPMENT/ VALUE-ADD DEAL.
First time on the market in 62 years. Situated on approx 1.5 USEABLE ACRES in central Malibu, one minute up from PCH/Malibu Pier, this approx 2,800 square foot, 5 bedroom 4 full bath home boasts expansive white water ocean (Surfrider Beach) views, tennis court with lights, ocean-facing patio and lawn area, sprawling, flat, open land for a potential GUEST HOUSE, kid’s play area, fruit trees and white water views. Bring your developer or client looking to create an amazing estate! House has been leased for the past year at $10,500 per month. Move-in condition or great rental while you are planning a renovation. This is an extremely clean and well-maintained home. Kitchen has breakfast bar, custom cabinets and pantry cabinet. The adjacent family room has a wood/gas fireplace, beamed ceilings and hardwood floors. Ocean facing master bedroom with fireplace. Indoor hot tub with own bathroom/shower, huge walk-in closet, in-ground basketball hoop, two car garage plus room for additional vehicles. Peaceful location. Feels like you are away from it all, but just one minute down Sweetwater Canyon Dr. is the Malibu Beach Inn, Malibu Pier, Nobu, etc. 20 min. to Santa Monica. This sale is contingent on the seller’s identifying a suitable property/properties to complete a 1031 Tax Deferred Exchange. Agents please submit your offer in a sealed envelope. Envelopes will be opened with the Sellers on February 5th at 5pm.
