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Set just above the coastline in Malibu's coveted Sunset Mesa neighborhood, this exceptional 14,617 square foot homesite presents one of the most compelling development opportunities on the Southern California coast. Formerly home to an architecturally distinctive four-residence condominium building, the property enjoys breathtaking, unobstructed Pacific Ocean views that sweep from Santa Monica and Catalina Island to the Malibu coastline, creating a dramatic backdrop for an extraordinary future vision. The previous development was thoughtfully designed as four private residences that lived more like luxury homes than traditional condominiums. Ranging from just under 2,000 square feet to more than 3,100 square feet, each residence featured soaring ceilings, expansive ocean-view terraces, a dedicated ocean-view office, a private two-car garage, and individual access via an incline elevator. Resort-inspired amenities included a communal pool deck and a private lap pool. Built with exceptional quality and designed to maximize the spectacular setting, the property offers a rare glimpse into the scale and potential that once occupied this remarkable site. Original construction plans and approvals are available. Ideally positioned just moments from the beach, the Getty Villa, and within easy reach of both the Malibu Country Mart and Palisades Village, the location combines coastal tranquility with convenient access to premier shopping, dining, and everyday amenities. Whether reimagining a luxury residential development or exploring new possibilities for this irreplaceable parcel, opportunities of this caliber and provenance are seldom available along one of Malibu's most sought-after stretches of coastline.
Listing agent: F. Ron Smith DRE #00961954 team@smithandberg.com, Listing office: Compass
MLS data updated 10/24/2026, 6:26:15 PM PT
Source: CRMLS, MLS #: 26855311
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 9, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$4,198,000Original asking price · Jul 9, 2026ZIP 90265 · Jul 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.