28867 Grayfox Street, Malibu, California 90265, Malibu, 90265 - bed, bath

28867 Grayfox Street, Malibu, California 90265 home-pic-0
ACTIVE$16,450,000
28867 Grayfox Street, Malibu, California 90265
0Bed
0Bath
Sqft
45,868Lot
Year Built
1968
Close
-
List price
$16.45M
Original List price
$16.45M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25560501
Home ConditionPoor
Features
Excellent View: Mountain(s), Ocean
Deck
Pool
Spa
Patio
ViewMountain(s), Ocean

About this home

We found 3 Cons,5 Pros. Rank: price - $16.45M(88th), sqft - 0(7th), beds - undefined(4th), baths - undefined(4th).

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*

Price History

Date
Event
Price
07/04/25
Listing
$16,450,000
08/11/17
Sold
$6,500,000
01/28/03
Sold
$1,875,000
Condition Rating
Poor

The property, built in 1968, is explicitly described as having an 'existing main residence to be remodeled' with 'construction underway.' The listing emphasizes the value of approved plans and permits for a new estate, rather than the current condition of the house. No images of the existing interior (kitchen, bathrooms, etc.) are provided; instead, renderings and 'mood board' images of the *future* state are shown. This indicates the current structure requires substantial rehabilitation and is not move-in ready, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Exclusive Location & Desirability: Situated on one of Point Dume's most desirable streets in Malibu, offering unparalleled exclusivity and prestige within a highly sought-after enclave.
Direct Ocean Access & Views: Features stunning ocean views and direct private access to a world-class surf beach, a highly coveted and rare amenity.
Pre-Approved Plans & Permits: Comes with fully approved plans and permits in-hand, significantly fast-forwarding the complex and lengthy Malibu building process.
Customization Potential: Offers a unique opportunity for the buyer to personalize finishes, materials, and design elements of a high-end estate to their exact taste.
Expansive Estate & Amenities: The proposed estate spans over an acre with approximately 6,700 sq ft of structures, including a main residence, detached guest house, garage, and resort-style pool/spa.

Cons

Incomplete Construction: The property is currently under construction and requires significant completion, meaning it is not move-in ready upon purchase.
Substantial Additional Investment: While plans are approved, the buyer will incur considerable costs for construction, finishes, and materials to complete the estate to its proposed luxury standard.
Project Management Required: The buyer will need to actively manage or oversee the remaining construction phases, which can be a complex and time-consuming endeavor.

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