Build your Malibu dream estate at 23422 W Copacabana Street, a rare, shovel-ready opportunity in the prestigious Sea View Estates community. Offered at $675,000, this fully cleared and certified half-acre lot (21,981 SF) sits on a quiet cul-de-sac with potential ocean views and represents one of the most development-ready parcels in Malibu's post-fire recovery zone. The lot was impacted by the January 2025 Palisades Fire and now qualifies under Executive Order N-4-25, allowing for streamlined rebuilding, including CEQA exemptions and accelerated Coastal Commission review. This regulatory relief can reduce the typical Malibu entitlement process by 12 to 18 months. The property previously supported a 2,690 square foot residence with three bedrooms and three bathrooms, preserving a legal development footprint for faster approval.All structures and hazardous materials have been removed, the site has been cleared and certified by the U.S. Army Corps of Engineers, and utilities including water, electrical, and septic remain in placeeliminating months of prep time and significant upfront costs. With a price of $675,000, this parcel offers an exceptional entry point compared to recent pre-fire home sales in the neighborhood, which reached a median of $2,987,000 and valuations of over $95 Schedule a Private Showing

Listing courtesy of BRIDGE / LOOM REALTY

Last checked: Checking… • Last updated Apr 1, 2025 • Source: BRIDGE

MLS# CL25515765 — Report a problem

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