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$5,995,000
● Land - For Sale

5909 Philip Avenue

Malibu, CA 90265
bedrooms
Studio
bathrooms
0 Bath
$29,437
Est. Monthly

About This Property

Construction underway with active permits for up to 8,755 SqFt of total developmental area.  Set on a flat pad, this gated 2+ acre single-family estate enjoys commanding 180 ocean views from Catalina to the Channel Islands archipelago, with grading finished and foundation work already in progress. Ideally situated in the Malibu Park neighborhood a short distance from Zuma Beach and award-winning schools.  The designed residence features the majority of its living space on the ground floor level, including a grand ocean view primary suite, three additional ensuite bedrooms, a formal entry, an expansive great room, spacious family room, and an open-concept kitchen with a devoted dining area. The lower level is dedicated to entertaining, complete with a state-of-the-art screening room and an elegant bar/lounge. A private guest suite with its own balcony occupies the upper level, offering a secluded ocean view get away. With the existing regulation-size tennis court and an estate blueprint that blends modern design with resort-style amenities, this property provides a rare chance to customize and complete a world-class compound in Malibu offering panoramic vistas, privacy, and unlimited potential.
Unit Size
-
Days on Market
310 days
Land Size
2.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1956

Listed By

Brian Merrick
Coldwell Banker Realty

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Last updated: 11 months ago (CLAW #25628087)

Price History

Date / Event Date Event Price
Dec 11, 2025 Listed by Coldwell Banker Realty $5,995,000
Listed by Coldwell Banker Realty
Oct 21, 2025 Price Decreased $5,995,000
↓ $1M (14.3%)
Price Decreased
May 29, 2025 Listed $6,995,000
Listed
**Permits Approved Ready to Build Immediately** Seize a rare opportunity to create your dream estate on over 2 private acres in one of Malibu's most coveted locations. Ideally situated just above Morning View Drive and moments from the beach, this premier property offers more than an acre of flat, fully graded land with sweeping 180-degree ocean views.With city permits and thoughtfully designed architectural plans already approved, construction can begin immediately. The envisioned residence features a majority of its living space on the main level, including a grand primary suite, three additional ensuite bedrooms, a formal entry, an expansive great room, a spacious family room, and an open-concept kitchen with a dedicated dining area.The lower level is designed for elevated entertaining, complete with a state-of-the-art screening room and an elegant bar/lounge. A private guest suite with its own balcony occupies the upper level, offering a secluded retreat.Enhancing the estate's appeal is a full-size tennis court in excellent condition an increasingly rare amenity in Malibu. This is an extraordinary chance to build a custom coastal compound with panoramic views and luxury lifestyle potential, all in a prime location.
Mar 1, 2024 No longer available -
No longer available
Feb 23, 2024 No longer available -
No longer available
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Property Highlights

With View
Exterior Details
Lot Features: HorseProperty, Flat
Lot Size Area: 98773
Lot Size Units: Square Feet
Lot Size Acres: 2.2675
Lot Size Square Feet: 98773
Water Source: Public
Utilities Details
Sewer : SepticTypeUnknown

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 98,745
  • Total Building Area: 4,023
  • Building Area: 4,023
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 4,023
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY OF MALIBU
  • Land Acres: 0000002267
  • Standard Land Use Code: 1001
  • County Land Use Code: 0101
  • Legal Description 1: P M 310-55-58 LOT 2

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 800411

Zoning

  • Zoning: LCA101

Geography

  • Parcel: 4469-003-022
  • Lot: 2
  • Municipality: WEST /POINT DUME
  • Latitude: 34.032
  • Longitude: -118.834

    Address

  • Full Address: 5909 Philip Ave
  • Address - House Number: 5909
  • Address - Street Name: Philip
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Malibu
  • Carrier Code: C120
  • 4-Digit Zip Code: 3744
  • Zip Code: 90265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,160,929
  • Tax Rate Code Area: 10-853

    Appraisal Valuation

  • Standard Deviation: 0.2397
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 6,094,062
  • High Value: 7,555,161
  • Low Value: 4,632,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,561,513
  • Assessed Land Value: $3,561,404
  • Assessed Improvements Value: $109

    Sales

  • Current Sale Contract Date: Sep 02, 2015
  • Current Sale Recording Date: Sep 04, 2015
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 15-1101074
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 Western Malibu


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Frequently Asked Questions

When was property at 5909 Philip Avenue built and last sold?
The property at 5909 Philip Avenue was built in 1956 and last sold on Sep 2, 2015 for $4,470,500.
How much is this home worth?
The estimated value of the home located at 5909 Philip Avenue is $6,054,950.
What are some comparable homes to 5909 Philip Avenue?
There are currently no comparable homes to 5909 Philip Avenue.