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28867 Grayfox Street
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 19, 2026 | Listed by Compass | $14,995,000 | |
| Listed by Compass | |||
| Jul 4, 2025 | Listed | $16,450,000 | |
| Listed | |||
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Positioned on one of Point Dume's most desirable streets with ocean views and direct access to a world class private surf beach, this is a rare opportunity to complete a fully approved and permitted estate in one of Malibu's most sought-after enclaves. More than a blank canvas, this offering comes with plans already approved, permits in-hand, and construction underway including an existing main residence to be remodeled as well as a detached guest house and detached garage to be built allowing for a seamless transition into the rewarding phase of building: selecting finishes, materials, and design elements that reflect your personal taste.The proposed estate spans over one acre of property and approximately 6,700 square feet of existing and proposed structures, anchored by refined architectural plans that balance clean modern lines with a sense of warmth and California ease. The layout includes a total of six bedrooms with en suites, multiple indoor/outdoor living spaces, a detached guest house, detached garage, and a resort-style pool and spa, framed by thoughtfully designed landscape and hardscape elements. Terraces, patios, and expansive glazing are positioned to enjoy the views, draw in natural light and capture the serenity of the surrounding property.The floor plans reveal a sophisticated flow, from the expansive entry into a gracious open-concept kitchen, living, and dining space all designed to capture ocean views from the main level to a private bedroom wing and a dedicated den. Upstairs, the primary suite offers a spa-like bath, generous terraces, and walk-in closets a layout that offers both flexibility and luxury. The guest house and detached garage are discreetly positioned to create a sense of estate-scale privacy, while the path to the beach directly from the property underlines the lifestyle this address affords.To obtain plans and building permits on Point Dume with this level of forethought is exceedingly rare. This is an opportunity to fast-forward through a multi-year process and immediately enter the most creative chapter of your dream home all within one of Malibu's most exclusive enclaves.*Mood Board Images*
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| Aug 14, 2017 | Sold | ||
| Sold | |||
| May 8, 2017 | Listed by Coldwell Banker Residential Br | $7,450,000 | |
| Listed by Coldwell Banker Residential Br | |||
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Exceptional Point Dume gated estate on more than one acre of park-like grounds w/deeded rights to Little Dume Beach. With more than 3,400 square feet, the 4 bdrm/5.5 bath, 2-story traditional-style home w/hardwood floors throughout, offers a main level sun-filled living room w/fireplace, high ceilings & glass French-style doors that open to an ocean view deck that's perfect for outdoor dining/entertaining. The ocean view dining room flows into a country-style granite island kitchen w/high-end appliance & a breakfast/lunch dining area. Continue from the family-media room w/fireplace & custom shelves to a bonus/office space & an en-suite guest/maids quarters. The lower level has a spacious owner's suite w/2-separate spa-like bathrooms & dressing closets, plus 2-addit'l en-suite bedrooms. The grounds feature a resort-style pool/spa, lighted tennis court, multiple patios & seating areas, statues, gardens & mature trees. Close to award winning schools, markets, restaurants & hiking trails.
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Property Highlights
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About Central Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017