4309 Escondido, Malibu CA 90265 | $650,000

Recently appraised at $750,000. Seller prepared to donate the land the the state if not sold by 2026. Bring us your best offer for a fully permitted fire rebuild .65 acre lot in Malibu with unobstructed ocean views. All permits (including Regional Planning, Fire Department, Department of Public Health and Building & Safety approvals) paid and issued for a 1,910 SF house with a 929 SF garage & wine cellar, ready to start building now! Savings with over $200k in current reports including: geology/soil reports, permit for new septic system, fire department approved plans for access, and one of a kind architectural plans for a stunning modern contemporary 3 bedroom home designed by Luis Tena Design. This is a very special property located in the desirable and charming Latigo Canyon, situated at the very end of Escondido Drive and perched up on the hillside with preferred elevation to neighboring lots and with ocean views that cannot be obstructed. This lot offers peace, privacy, and tranquility being the second to last home on the road and with the sounds of a nearby creek. Less than a mile to Escondido Falls, 3 miles to PCH/the ocean, 7 miles to the famous surfing spot at Point Dume, and approximately 10 miles to the Malibu Country Mart with shopping/restaurants, Surfrider Beach, and the world-renowned Sushi restaurant Nobu. The property is surrounded with mature Oak and Palm Trees. The driveway, once reconstructed, offers up to 6 car parking with surrounding land. The long and narrow flattened land above retaining wall with grape vines was previously a yard with a garden/dog run. Property includes parcels: APN 4461-020-003 and APN 4461-020-002. Owner financing possible. Drawings and specifications are intended to express the design concept only and cannot be used for construction purposes without appropriate review by Luis Tena Design.

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