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27349 Pacific Coast Hwy, Malibu, CA 90265

List Price: $14,995,000On Market FlagOn market
Nov 7, 20243,466 sqft5 beds4 baths
Listed by: Peter Cornell
License #: 02001634
Phone #: 310-466-3200
The Oppenheim Group, Inc.
Source:
CRMLS Logo
MLS #: 24456614

Property Description

Available for the first time in 30 years, this legendary, rare equestrian trophy estate on 4 acres of nearly flat land offers tremendous upside and unique features unlike any other property in Malibu. Perched prominently just above the Pacific Coast Highway, the property is just moments away from the beach and the renowned Geoffrey's Restaurant, all within a picturesque, park-like setting. The existing residence, a bright and airy 5-bedroom, 4-bath villa, showcases charming wood-beamed ceilings and an updated kitchen that harmonizes modern comfort with classic elegance. The home commands sweeping views of the ocean throughout the property, providing a serene and tranquil backdrop for relaxing and entertaining. The existing house is also situated at the rear of the lot and offers a favorable setback to add to the existing home and expand up to +/- 10,000 sq. ft. to create an estate with one or possibly more additional guest houses or flex structures (buyer to verify). Equestrian enthusiasts will appreciate the property's impressive amenities which boasts a large horse dressage ring, and multiple horse corrals and riding arena, with 31 current stalls in total. Convenient access from the property directly to Malibu's famous Backbone Trail, which takes you to the breathtaking Escondido waterfalls, and continues all the way up to Santa Barbara. This is a rare chance to acquire a substantial parcel of land in one of the most prestigious locales in Malibu, let alone the world. Do not miss this extraordinary opportunity to create a personal oasis, equestrian paradise, and even animal rescue or sanctuary to be truly a legacy property.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$137,439

TurboHome Estimated Value

$12,078,800

$3,485 sqft

High Valuation
$12,682,740
$3659/sqft
Normal Valuation
$12,078,800
$3485/sqft
Low Valuation
$11,474,860
$3311/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$3485/sqft$12,078,800

Neighborhood

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Comparative Value

$9.00M

$14.99M

26940 Malibu Cove Colony Dr, Malibu, CA 90265

Sale Price: $9,000,000

Selected Comparable

27349 Pacific Coast Hwy, Malibu, CA 90265

List Price: $14,995,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
27349 Pacific Coast Hwy, Malibu, CA 90265

27349 Pacific Coast Hwy, Malibu, CA 90265

List: $14,995,000

Listed: 11/7/2024

Area:3,466 sqft
Price/sqft:$4,326
Beds:5
Baths:4
Year Built:
Lot Size:174,458

Comparable Properties

COMPARABLE
Choose comps
26940 Malibu Cove Colony Dr, Malibu, CA 90265

26940 Malibu Cove Colony Dr, Malibu, CA 90265

Sale: $9,000,000

3/12/20250.68 mi

Area:3,502 sqft
Price/sqft:$2,570
Beds:4
Baths:3
Year Built:
Weight:100.0%

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