$5,750,000

5797 Murphy Way Way

Malibu CA, 90265

Description

15.71 Acres Prime Estate Home Land w/ Ocean Views | 5797 Murphy Way | Malibu, CAOne of the most private estate locations in Malibu, this 15-acre vacant land parcel enjoys 180 degree views of the Pacific Ocean from the prominent pad area of the property, and limited drive-through traffic nestled at the end of Murphy Way and nearly adjacent to the Santa Monica Mountains - this is one of the last untouched but developable hill-side bluffs within the city limits. No current home plans exist, which offers a clean slate for a developer or future homeowner to build their dream estate home. The property is zoned RR-10 (Rural Residential) and allows one home per every 10 acres. RR zoned parcels are permitted to have one single-family residence and a 900 sf second unit or guest house among other accessory uses. The maximum total development square footage (TDSF) for this property is +/-11,172 sf which would include a residence, guest home, garage, exterior walls, accessory structures, and non-habitable storage/equipment area. Buyer to conduct their own research on any zoning change possibilities. Real estate in Malibu is undoubtedly some of the most coveted in Los Angeles. The city offers an escape from the nonstop action of Downtown LA and Hollywood, with lower density living, larger lots, wide open spaces, and sweeping beaches including numerous secluded areas.

Details

MLS#219054221DA
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site157

Features

Acreage15.71
Water FrontNo
Property ViewYes
Loading Form
Loading Form
Area Information
StateCA
CountyLos Angeles
CityMalibu
Zip Code90265
AreaC32 - Malibu Beach
Community NameNot Applicable-1
Listing VS Median (in Not Applicable-1)
Price:
$5,750,000
low | high
Med:
$279,800
100% of Average
On Site:
157
low | high
Med:
51
100% of Average
Sourced by Back At You
Listing Updated: May 12, 2021 7:15:42 AM PDT
Erik Christianson LogoMLS Number: 219054221DA
Listing Provided By:
Erik Christianson  of  The Hoffman Company
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.