21484 Paseo Portola, Malibu, CA 90265 (MLS # 26872141)

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PRICE $2,495,000 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 9,096 sqft Request More Info Schedule a Showing

A rare RTI opportunity with stunning whitewater and coastline views, ideally positioned at the end of a quiet Malibu cul-de-sac. Ready to break ground, the property is offered with fully approved plans for an approximately 5,000-square-foot, warm organic contemporary residence designed to maximize its exceptional ocean setting, with expansive decks and dramatic views from every level.The proposed residence features 5 bedrooms, 5 bathrooms, 2 powder rooms, an attached 2-car garage, and generous indoor-outdoor living throughout. Floor-to-ceiling glass frames sweeping Pacific views, while a warm contemporary palette of natural stone, wood, and soft plaster gives the architecture a refined coastal feel.The main living level centers around an expansive great room where the living, dining, and kitchen spaces open toward the ocean and adjoining terraces. The primary suite is designed as a private retreat with walls of glass, its own ocean-facing terrace, and a spa-like bath positioned to take full advantage of the coastline views.Adding significant value, a substantial portion of the existing foundation remains in place and is intended to be reused, offering the potential for meaningful savings in both foundation costs and construction time. Certain construction bids available to share with serious buyers. With the project already RTI, a new owner can bypass the lengthy planning and approval process and move directly toward construction.The property is also part of the coveted La Costa Beach Club, adding private beach access to an already compelling opportunity to create a substantial new coastal residence in one of Malibu's most desirable settings.