21062 Pacific Coast Highway, Malibu, California 90265, Malibu, 90265 - 3 bed, 2 bath
ACTIVE$2,495,000
21062 Pacific Coast Highway, Malibu, California 90265
3Beds
2Baths
1,514Sqft
3,554Lot
Year Built
1940
Close
-
List price
$2.5M
Original List price
$3.5M
Price/Sqft
$1,648
HOA
-
Days on market
-
Sold On
-
MLS number
25531343
Home ConditionTear down
Features
Excellent View: Ocean
Deck
ViewOcean
About this home
We found 3 Cons,5 Pros. Rank: price - $2.50M(22th), sqft - 1514(14th), beds - 3(38th), baths - 2(17th).
Bring your Developers and Designers. Located on 'sought after' Las Flores Beach the structure sits on approx. 40 ft of beach frontage. The home is a 'fixer' and in need of considerable repairs. The two story Spanish home offers 3 bedrooms and 2 bathrooms (per public records). Please see additional remarks for additional information.
Price History
Date
Event
Price
08/26/25
Price Change
$2,495,000
04/29/25
Listing
$3,495,000
06/26/14
Sold
$1,775,000
Condition Rating
Tear down
Built in 1940, the property is explicitly described as a 'fixer' and 'in need of considerable repairs' with 'outdated construction.' The listing targets 'Developers and Designers,' indicating the existing structure is likely beyond economical renovation to meet modern luxury standards, and its value lies primarily in the beachfront land for redevelopment. No interior images are provided, but the description strongly implies the kitchen, bathrooms, and all systems are severely outdated and require complete replacement.
Pros & Cons
Pros
Unrivaled Beachfront Location: The property boasts 40 feet of direct frontage on the highly sought-after Las Flores Beach in Malibu, offering exclusive access and a premium coastal lifestyle.
Significant Price Adjustment: A substantial $1,000,000 price reduction from the original listing price presents a compelling value proposition and indicates motivated selling.
High Development Potential: Explicitly marketed to 'Developers and Designers,' this property is a prime opportunity for a custom luxury build or extensive high-end renovation to maximize its beachfront value.
Iconic Malibu Address: Situated on Pacific Coast Highway in Malibu, the address itself carries significant prestige and desirability, appealing to a discerning buyer pool.
Direct Ocean Views: As a beachfront property, it offers guaranteed panoramic ocean views, a highly coveted feature that enhances its appeal and long-term value.
Cons
Extensive Renovation Required: Described as a 'fixer' in 'need of considerable repairs,' the property demands significant capital investment and time for modernization and structural improvements.
Outdated Construction: Built in 1940, the home likely features outdated systems, infrastructure, and design, necessitating a comprehensive overhaul to meet contemporary luxury standards.
Limited Interior Space: At 1514 sqft, the interior living space is relatively modest for a luxury Malibu beachfront property, potentially limiting modern open-concept designs without significant structural changes.