Malibu - Beach Property For Sale

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.