24734 W Saddle Peak Rd
MALIBU, CA 90265

Property

Ownership: For Sale
Area: 82768 sq ft
Lot Size: 1.90 Acres

Financials

Price:$1,795,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Compass

Description

Spectacular 1.9-acre Malibu Burnout Lot with Panoramic Ocean Views. This exceptional property offers World class, sweeping Pacific views, city lights from downtown L.A. to Palos Verde (known as the Queen's Necklace), whitewater views of the coastline, Catalina and the Channel Islands, snow covered peaks near Big Bear and over Palos Verde to Long Beach. Best views in Malibu. Its breathtaking! The property was previously home to a stunning residence designed by world-renowned architect Doug Burdge. Doug is ready to work with the new buyer to recreate his masterpiece or build your dream home at a substantial savings over starting from scratch. Situated in a drop dead gorgeous, gated community in the West Saddle Peak area just minutes from PCH and Malibu Canyon, the lot offers both seclusion and convenience, with direct access to some of Malibu's best hiking trails right from your doorstep. Additionally, the property may allow for placement of a trailer or ADU during the building process, offering usability while your dream home takes shape.Beyond the magnificent views, this property offers a distinct advantage as it's a burnout lot located on a ridgeline of Saddle Peak Mountain, meaning it was previously developed (i.e. grandfathered into ridgeline reconstruction to fully exploit the stunning vistas) and retains valuable infrastructure. Existing amenities include the septic system, mature landscaping with gorgeous natural rock walkways, patios, lawn, driveway, and best of all, much of the engineer inspected foundation remains intact. Burnout lots, due to their previous development, qualify for an expedited building permit process. This significantly reduces the typical timeframe and difficulty associated with obtaining permits in Malibu, potentially shortening the process by years. This allows for quicker construction and the ability to personalize the home with desired finishes in a fraction of the usual time. Investing in a burnout lot offers the potential for significant appreciation as the neighborhood rebuilds with modern, state-of-the-art homes, replacing the original, older homes. With its world-class views, prestigious gated setting, streamlined construction potential, and opportunity for significant appreciation as the neighborhood rebuilds with modern luxury estates, this property represents a rare and highly desirable offering in Malibu real estate.

Neighborhood

More listings:

24734 W Saddle Peak Rd Malibu La


CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.