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$ 675,000
Est. payment | /mo
0.5 Acres Lot
$ 675,000
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25515765
HOA Y/N No
Lot Size 0.505 Acres
Lot Dimensions Assessor
Property Description
Build your Malibu dream estate at 23422 W Copacabana Street, a rare, shovel-ready opportunity in the prestigious Sea View Estates community. Offered at $675,000, this fully cleared and certified half-acre lot (21,981 SF) sits on a quiet cul-de-sac with potential ocean views and represents one of the most development-ready parcels in Malibu's post-fire recovery zone. The lot was impacted by the January 2025 Palisades Fire and now qualifies under Executive Order N-4-25, allowing for streamlined rebuilding, including CEQA exemptions and accelerated Coastal Commission review. This regulatory relief can reduce the typical Malibu entitlement process by 12 to 18 months. The property previously supported a 2,690 square foot residence with three bedrooms and three bathrooms, preserving a legal development footprint for faster approval.All structures and hazardous materials have been removed, the site has been cleared and certified by the U.S. Army Corps of Engineers, and utilities including water, electrical, and septic remain in placeeliminating months of prep time and significant upfront costs. With a price of $675,000, this parcel offers an exceptional entry point compared to recent pre-fire home sales in the neighborhood, which reached a median of $2,987,000 and valuations of over $950 per square foot. A nearby vacant lot of just 14,395 square feet is currently listed at $1.5 million, making this offering one of the strongest value plays in the area.Located minutes from Malibu's beaches, trailheads, the Country Mart, Nobu, and within the Las Virgenes School District, this lot offers the perfect blend of lifestyle, location, and long-term investment potential. Whether you're looking to build a custom home or secure a high-upside redevelopment property, 23422 W Copacabana presents a rare chance to capitalize on current market conditions and temporary regulatory advantages.
Location
State CA
County Los Angeles
Area C33 - Malibu
Zoning LCR120000-A12*
Interior
Fireplace No
Exterior
View Y/N Yes
View Coastline, Canyon, Hills, Mountain(s), Ocean, Panoramic, Rocks, Trees/Woods
Building
New Construction No
Others
Senior Community No
Tax ID 4453031005
Special Listing Condition Standard
Listed by David Bramante • LOOM REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "