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$4,950,000
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| MLS# | F45640748 | | Type | Land-Development | | Square Footage | 5,925,160 | | Lot Size | 135+ acres | | | | | | | | | | | | | | |
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Great opportunity for a developer for several gracious homes or one grand estate. The land aspects to the south and the sun for a classic vineyard and or fruit trees. Two north south trending mini ridge lines with a stream for separation and flat area for horses. Comparables show the property to be worth between $7.25M-11M depending on the number of home sites approved.
Distant horizon ocean views and majestic mountain ridges lines to the north ensure great privacy. Recently there has been a new home on the same ridge line just completed and valued at $10M+. The land is in the western area of Malibu bounded by Mulholland to the south and Little Sycamore to the north. To the north and west are park lands. This is one of the largest privately owned properties in Malibu, CA. $4,995,000 owner may carry with 25% down to qualified buyers.
Courtesy of Jamie Moore, Lacova Properties, and George Alexander, Coldwell Banker Commercial Southwest Partners. |
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