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FIRE REBUILD LOT | Wide Open Ocean Views | Rambla Pacifico. Opportunity knocks in one of Malibu's best-kept secrets. A cool, under-the-radar neighborhood with unbeatable ocean views and unmatched privacy. This FIRE REBUILD LOT offers wide open, unobstructable whitwater views of Surfrider Beach and Malibu Colony. Tucked away at the very end of Eldermore Drive, this lot offers ultimate seclusion while still carrying a prestigious Rambla Pacifico address. All the privacy you could ask for, with a view that will never be taken away. Rebuild rights include 1,578 sq ft + 10% and the potential for an ADU, making this one of the most affordable buildable lots in the area with existing rights in place. Whether you're looking to build your Malibu dream home or create a smart investment, this is a rare find at an unbeatable price. Don't miss the chance to build new in a peaceful coastal enclave. This is likely the lowest priced lot with fire rebuild rights currently available in Malibu
Listing agent: Chris Frost DRE #00499287 cfrost@malibuonline.com, Listing office: Sotheby's International Realty
MLS data updated 10/26/2026, 5:27:21 PM PT
Source: CRMLS, MLS #: 25593309
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Dec 3, 2025
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
$550,000Closed sale · Dec 3, 2025ZIP 90265 · Dec 2025
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.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.