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Once home to the historic Malibu Lodge, this extraordinary ocean-view site was the location of a beautiful home and guest cottage lost in the Palisades Fire. Offering a rare opportunity to create something truly special in one of Malibu's coveted coastal enclaves, this land is rich with history and surrounded by natural beauty - evoking the romance of old Malibu while presenting a blank canvas for its next chapter. The property is accessed through Pena Road - one of those Malibu addresses that locals know and outsiders rarely discover. Situated between Tuna Canyon and Big Rock, the approximately 3.86-acre property is one of only three residences on this road, creating a setting that feels remarkably secluded while remaining just 7 minutes from Santa Monica. There are no visible neighbors, only sweeping ocean views and the soothing sound of waves breaking along the shoreline below. Surrounded by the pristine Santa Monica Mountains and located across from Las Tunas Beach, this is a rare opportunity to own a piece of Malibu's history and shape its future. Existing infrastructure includes water and electricity already in the ground, along with septic tanks serving the former residences. A Geo and Survey Report are also available, providing valuable resources for future planning and development. In addition to the rebuild rights, there may be potential for up to 4 detached ADUs (one for each structure that was there), resulting in a total of up to 8 units on the property. Few properties embody the essence of old Malibu quite like this, where panoramic white-water views are paired with the convenience of being just moments from the city.
Listing agent: Madison Hildebrand DRE #01413280 Team@TheMalibuLife.com, Listing office: Compass
MLS data updated 10/27/2026, 11:00:36 AM PT
Source: CRMLS, MLS #: 26847097
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 15, 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
$2,990,000Original asking price · Jun 15, 2026ZIP 90265 · Jun 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.