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An exceptional shovel-ready lot with active permits in coveted Malibu Park, with plans for an approximately 4,190 sq ft home of thoughtfully designed living space on nearly one acre. The grading, foundations and site wall permits are active, and the grading has already begun, with initial inspections completed. The plans present a 5-bedroom, 5.5-bath residence defined by strong horizontal lines, light-filled interiors, and expansive terraces oriented toward the Pacific. The main level is anchored by a generous great room where the kitchen, dining, and living areas extend to an ocean-facing deck spanning the width of the home - creating a dramatic yet highly functional setting for both entertaining and everyday living. Three en-suite bedrooms and a powder bath are located on the main level, including a privately situated primary suite with dual walk-in closets and access to a spacious ocean-view terrace. The lower level offers two additional bedrooms and bathrooms, along with a family room with direct outdoor access. With a motor court and attached two-car garage, the property is situated at the end of a quiet cul-de-sac on Little Busch Drive - a private drive off of Busch Drive - just minutes from Zuma Beach, Pacific Coast Highway, shopping, and scenic coastal trails. This is an increasingly rare opportunity to start construction right away in one of Malibu's most desirable neighborhoods. Adjacent lot at 5936 Busch Drive (APN: 4467-028-026) also for sale.
Listing agent: Russell Grether DRE #01836632 grethergroup@compass.com, Listing office: Compass
MLS data updated 10/25/2026, 11:12:00 AM PT
Source: CRMLS, MLS #: 26658419
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 8, 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
$1,595,000Asking price recorded · Oct 8, 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.