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Closed
- Listed price
- $10,250,000
- Listed Oct 9, 2014
- Sold price
- $9,700,000
- Sold May 18, 2015
109,399 sqft lot00|217 MLS days on market
23800 MALIBU CREST Dr, Malibu, CA 90265
Property Description
MAJOR PRICE REDUCTION! DEVELOPMENT OPPORTUNITY! Approx. 2.51 acres in one of Malibu's premier locations. APPROVED PLANS and PERMITS, READY TO START CONSTRUCTION IMMEDIATELY for approx 15,000 sf home with infinity pool. NO COASTAL COMMISSION APPROVAL REQUIRED, this is a fire rebuild. This parcel once housed the famous Malibu landmark, "Castle Kashan." It is situated on a private knoll adjacent to Serra Retreat showcasing one of California's most spectacular 360 degree ocean and canyon views, including Surfrider Beach and Catalina Island. This parcel features a long private gated driveway and ultimate privacy to build on one of the few lots left of this caliber in Malibu. Architectural plans and renderings available. Motivated Seller!
Listing agent: Elsa NelsonDRE #00703311elsa@nelsonshelton.com, Listing office: Nelson Shelton & Associates
MLS data updated 10/30/2026, 11:28:26 PM PT
Source: CRMLSMLS #: 14801081
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$9,700,000
May 18, 2015
Available records32014–2015
From MLS recordsActual listing and closing events
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
No recordNo property-price record in this range.ZIP 90265 · Oct 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.This home · 0 price recordsNo records in this period
ZIP 90265 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
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.
View listing & sale records
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.