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NEAR RTI (Ready to Issue) Permits are in process with City of Malibu: EXCEPTIONAL MALIBU PARK DEVELOPMENT OPPORTUNITY WITH CITY-APPROVED PLANS! An extraordinary opportunity to create a spectacular modern architectural estate in Malibu Park, one of Malibu's most desirable neighborhoods. Set on approximately one acre of mostly usable land with beautiful ocean views, this exceptional property includes City of Malibu-approved plans by renowned Malibu architect Steven Kent, with a Coastal Development Permit approved for 6,852 square feet of total development. Designed to embrace Malibu's coveted indoor-outdoor lifestyle, the proposed residence features four bedrooms, five bathrooms, a private home theater, dramatic floor-to-ceiling glass walls, and a stunning wraparound infinity pool and spa. Additional amenities include generous five-car garage parking, a separate 900-square-foot ADU with spacious living areas and a full kitchen, and a detached atelier ideal for a private office, creative studio, or yoga retreat. The property offers a rare combination of ocean views, architectural sophistication, and convenient access to Malibu's beautiful beaches, schools, shopping, and dining. THE REAL VALUE: TIME, CERTAINTY, AND OPPORTUNITY. With the Coastal Development Permit approved and plans nearing Ready-to-Issue (RTI) status, buyers have the exceptional opportunity to bypass much of Malibu's lengthy and complex entitlement process, potentially saving years of planning, expense, and uncertainty. A rare chance to bring an extraordinary Steven Kent architectural vision to life in one of Malibu's most sought-after coastal communities.
Listing agent: Shen Schulz DRE #01327630 shen@shenrealty.com, Listing office: Sotheby's International Realty
MLS data updated 10/31/2026, 2:02:06 PM PT
Source: CRMLS, MLS #: 26821619
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 13, 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
$2,495,000Asking price recorded · Oct 13, 2026ZIP 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.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.