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Malibu 90265 Eastern Malibu
21332 Pacific Coast Highway
$5,000,000
● Land - For Sale

21332 Pacific Coast Highway

Malibu, CA 90265
bedrooms
Studio
bathrooms
0 Bath
$24,551
Est. Monthly

About This Property

Rare and unparalleled La Costa Beach oceanfront development opportunity, with approved building plans issued by the city of Malibu.

Set on a 5,782 SF lot with 35 feet of direct beach frontage, this one-of-a-kind La Costa Beach parcel offers rare access to one of Malibu's most coveted stretches of coastline. With direct sand frontage, sweeping ocean exposure, and the enduring scarcity of buildable oceanfront land, the property represents a remarkable opportunity to create a legacy coastal residence.

The parcel is being offered with approved building & architectural plans, approved permits, and valuable entitlements for a modern Mediterranean oceanfront residence totaling 2,304 gross square feet, designed by Clear Architecture, an esteemed division of the Santa Barbara-based Clear Group. Years of significant investment have advanced the project through the most challenging stages of the coastal development process.

The plans envision an exquisite 3-bedroom coastal residence, intentionally oriented to capture breathtaking direct ocean views from every bedroom while maximizing privacy from PCH. Clean architectural lines, warm California materials, expansive glass openings, and sophisticated indoor-outdoor flow define the vision, creating a refined coastal sanctuary designed for modern Malibu living.

The plans, permits, and entitlements are intended to transfer to the new owner, allowing the buyer to bypass years of Coastal Commission and municipal delays and move directly toward construction. Clear Group's thoughtful architectural vision provides an exceptional foundation for bringing this brilliant, precision-engineered coastal masterpiece to life.
Unit Size
-
Days on Market
107 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1970

Listed By

Faryl Arbeitman
Keller Williams Realty-Studio City

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Last updated: 6 days ago (CRMLS #SR26144937)

Price History

Date / Event Date Event Price
Jul 3, 2026 Listed by Keller Williams Realty-Studio City $5,000,000
Listed by Keller Williams Realty-Studio City
Jan 9, 2019 Sold
Sold
Aug 13, 2018 No longer available -
No longer available
Jul 3, 2018 Listed by The Agency $6,499,000
Listed by The Agency
May 16, 2018 Relisted $6,795,000
Relisted
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Property Highlights

Garage
Exterior Details
Waterfront Features: Beach Front, Ocean Front, OceanSideOfFreeway
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 5782
Lot Size Units: Square Feet
Lot Size Acres: 0.1327
Lot Size Square Feet: 5782
Lot Size Dimensions: 161x36
Tax Lot: 1
Water Source: Other

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 15
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 7
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,787
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 340
  • Total Building Area: 2,166
  • Building Area: 2,166
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 2,166
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RANCHO TOPANGA MALIBU SEQUIT
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LAND OF MATTHEW KELLER IN THE RANCHO TOPANGA MALIBU SEQUIT LOT ON SW LINE OF PACIFIC COAST HIGHWAY COM S 16 11' 45 W 40 FT AND N 73 48'15 W 334.19 SEE ASSESSOR MAPBOOK FOR MISSING PORTIONLOT 1

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 800504

Zoning

  • Zoning: LCR1*

Geography

  • Assessors Map Reference: 114-E5
  • Parcel: 4451-001-013
  • Lot: 1
  • Municipality: WEST /MAL. BEACHES N.
  • Latitude: 34.0372
  • Longitude: -118.639

    Address

  • Full Address: 21332 Pacific Coast Hwy
  • Address - House Number: 21332
  • Address - Street Name: Pacific Coast
  • Address - Suffix Type: Hwy
  • State: CA
  • City Name: Malibu
  • Carrier Code: C017
  • 4-Digit Zip Code: 5203
  • Zip Code: 90265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,286,297
  • Tax Rate Code Area: 10-865

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 3,002,336
  • High Value: 3,684,163
  • Low Value: 2,320,509

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,999,460
  • Assessed Land Value: $7,199,568
  • Assessed Improvements Value: $1,799,892

    Sales

  • Current Sale Contract Date: May 19, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 21-0861681
  • Previous Sale Recording Date: Jan 09, 2019
  • Previous Sale Contract Date: Nov 07, 2018
  • Previous Sale Amount: $6,100,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Eastern Malibu


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Frequently Asked Questions

When was property at 21332 Pacific Coast Highway built and last sold?
The property at 21332 Pacific Coast Highway was built in 1970 and last sold on May 19, 2021 for $8,650,000.
How much is this home worth?
The estimated value of the home located at 21332 Pacific Coast Highway is $5,050,000.
What are some comparable homes to 21332 Pacific Coast Highway?
There are currently no comparable homes to 21332 Pacific Coast Highway.