$30,000,000
For Sale

Trancas Road

Malibu, CA 90265
Courtesy of Compass
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Description

All ocean views and possibilities, these two contiguous vacant parcels (APN 4470-012-002 and APN 4470-012-046) await your imagination. Totaling approximately 24.88 acres, the gently sloping property is located just north of star-studded Broad Beach, on the northwest corner of Trancas Canyon and the Pacific Coast Highway, adjacent to the Trancas Country Market. The property is zoned RR-5 (Rural Residential), which allows for one dwelling unit per five acres. The current owner has submitted a Coastal Development Plan to the City of Malibu to subdivide the land into four parcels and expects to be able to record a subdivision map soon.The new owner of this magnificent piece of land can either continue with the four-home subdivision plan or build two estate-size properties to enjoy the views of Big Dume, Zuma, Broad Beach, islands, and sunsets galore.
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  • Property Details
    • Property
      • View:Coastline, Mountains, Ocean, Panoramic
    • Measurements
      • Acres:24.8833
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • School district:Santa Monica-Malibu Unified
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$25, 000, 000
  • Other
    • Source
      • MLS #:21766228

Location

Gary ElminoufiReal Estate Group
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