Condominium buy in Malibu California

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. MLS® ID: 219054221DA Listed: 12/7/20 Updated: 10/16/22