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
25605643
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
10/13/25
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 provided images are primarily renderings of the proposed future estate and 'mood board images' for the future kitchen and bathrooms, not the current state. This indicates the property is not move-in ready and requires substantial rehabilitation, fitting the 'Poor' condition criteria. The current condition of the 1968 structure, including its kitchen and bathrooms, is not shown but is clearly in need of a complete overhaul as part of the ongoing construction project, making it unsafe or very uncomfortable to live in its current state.
Pros & Cons

Pros

Unrivaled Location & Exclusivity: Positioned on one of Point Dume's most desirable streets in Malibu, offering an exclusive and prestigious address with ocean views.
Direct Private Beach Access: A rare and highly coveted amenity providing direct access to a world-class private surf beach.
Pre-Approved Plans & Permits: Eliminates years of planning and permitting, allowing the buyer to immediately enter the construction phase with a clear vision for a luxury estate.
Expansive Estate Potential: Over one acre with approved plans for approximately 6,700 sq ft of structures, including a main residence, detached guest house, detached garage, and resort-style pool/spa.
Sophisticated Architectural Design: Refined architectural plans balance modern lines with California ease, maximizing ocean views, natural light, and indoor/outdoor living spaces.

Cons

Significant Completion Required: The property is 'construction underway' and requires the buyer to select all finishes, materials, and design elements, entailing substantial additional investment and project oversight.
Not Move-In Ready: The existing main residence needs remodeling, and other structures are yet to be built, meaning immediate occupancy is not possible.
Conceptual Imagery: The use of 'Mood Board Images' indicates that the visual representations are conceptual, not of the current or finished state, which may lead to variations or additional costs to achieve the depicted aesthetic.

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