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World Class Coastal Land in Malibu

Potential Malibu Hotel/Restaurant Development

Elfyer - Malibu, CA House - For Sale
Elfyer - Malibu, CA House - For Sale
World-class Malibu coastal 23 acres! Potential development of hotel/ restaurant. Calif Coastal Commission favors visitor-serving usage. Ventura County Board of Supervisors previously approved 11 lots plus open space for the site. Acreage has Malibu 90265 zip but is outside Malibu's size restrictions: Build your dream 25,000+ square-foot equestrian estate with sweeping ocean view or explore building two grand estates or other development scenarios. Enjoy the clean beaches and micro climate of the pristine west Malibu community. Near award-winning estates on acre lots selling for $15M to $20M (on one-acre lots) and one- and two-acre lots selling for up to $8.5M. This is one of the very last large tracts of undeveloped land in the Yerba Buena Water District! Street address is an approximation. Check out the breathtaking aerial video tour.
  • 23 Acres, 180 Ocean View
  • Coastal Commission favors Visitor-Serving Use
  • Previous approval of 12 lot Subdivision by Ventura Board of Supervisors
  • Ventura County area of Malibu
  • 860 feet of PCH frontage
  • In Yerba Buena Water District
  • Beautiful beaches, sunny microclimate
  • Scenic 15-min drive from private airport
Area: 33
MLS: 16-184584
Sq Ft: 1,002,315
Yr Built:
Asking: $15,000,000
Property Address
11958 Ellice Street
Malibu, CA
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Kathryn Alesandrini, Estates Director
Contact Agent
Visit Agent Website
Lic#: 01502138
Dilbeck Estates, CHRISTIE'S Int'l Real Estate
850-A Hampshire Road 
  Westlake Village, CA 91361
Agent photo
Alexander Eddy
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Lic#: 01953103

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