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Price reduced! Spectacular! Step seamlessly into the Coastal Commission exempt rebuild process with a months-long head start. Architectural plans for an "in-kind" replacement have been APPROVED by the Malibu Planning Department for a 2,910 Sq ft three story replacement . The project team stands ready to move forward with the Building & Safety submission; the final approval required for a building permit. Panoramic views of the Ocean and the cityscape to the South. This property was originally developed with a wonderful 2,650 sq. ft. 3 bedroom, 2-1/2 ba. modern home designed by Ray Kappe A.I.A. Plans include a 2 car garage and 240 sq. ft. of oceanfront decking on each floor. The Seller has a copy of the plans and is working with an Architect to reengineer them to today's codes so that the same house +10% can be rebuilt. The "Culbert Forte" home was published several times, most notably on the cover of Global Architecture #81. Ray Kappe was one of the founders of SciArc and a Scion of Modern Architecture. Be sure to visit the website and the virtual tour.
Listing agent: Paul Grisanti DRE #00621552 Paul@MalibuRE.com, Listing office: Pinnacle Estate Properties
MLS data updated 10/24/2026, 6:17:44 PM PT
Source: CRMLS, MLS #: 26642371
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jan 22, 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
$2,395,000Original asking price · Jan 22, 2026ZIP 90265 · Jan 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.