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2826 Coralglen Dr - 5+ Acre Ocean View Lot with Planning Approval

5.23 Acres of Residential Land Offered at £1,041,950 in Malibu, CA 90265

Investment Highlights

  • Unobstructed 360-degree ocean, coastline, island, and mountain views.
  • LA Regional Planning Department approval for driveway variance
  • LA Regional Planning Department approval for 5,022 SF home

Executive Summary

The future modern retreat, envisioned by Aux Architecture, totals ~5,022 sq. ft. and offers a gracious open floor plan and an impressive outdoor deck with a pool that spans the entire length of the entry-level. The upper level features a luxury primary suite with endless views and three additional bedrooms. Additional features include a wine room, office, and four-car garage. Regional Planning has also approved a Variance for widening the private driveway, and clearance has been recommended by the Fire Department, Parks and Recreation, Public Health, Public Works, and ERB. Sold AS-IS with the current approvals from the City of Los Angeles Regional Planning Department. Buyer to obtain all necessary final approvals required for active building permits.

Property Facts

Price £1,041,950
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 5.23 AC

1 Lot Available

Lot

Price £1,041,950
Price Per AC £199,226
Lot Size 5.23 AC

Over five acres in Corral Canyon with breathtaking unobstructed views and Regional Planning Approval! This premium lot is situated on a private knoll with true 360-degree views of the Queen's Necklace, Catalina Island, and the untouched mountains.

Description

Over five acres in Corral Canyon with breathtaking unobstructed views and Regional Planning Approval! This premium lot is situated on a private knoll with true 360-degree views of the Queen's Necklace, Catalina Island, and the untouched mountains above Solstice Canyon Park. The future modern retreat, envisioned by Aux Architecture, totals ~5,022 sq. ft. and offers a gracious open floor plan and an impressive outdoor deck with a pool that spans the entire length of the entry-level. The upper level features a luxury primary suite with endless views and three additional bedrooms. Additional features include a wine room, office, and four-car garage. Regional Planning has also approved a Variance for widening the private driveway, and clearance has been recommended by the Fire Department, Parks and Recreation, Public Health, Public Works, and ERB. Sold AS-IS with the current approvals from the City of Los Angeles Regional Planning Department. Buyer to obtain all necessary final approvals required for active building permits. Corral Canyon is widely considered Malibu's most accessible canyon and this property is just 2 miles, approx. 6 minutes driving, from Pacific Coast Hwy! This property's convenient Central Malibu location means you are moments away from peaceful trails, sandy beaches, markets, restaurants, schools, and more. Bypass the years and costly process of planning, studies, and meetings!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4457-023-007
Land Assessment
£401,364
Improvements Assessment
£0
Total Assessment
£401,364
  • Listing ID: 34399968

  • Date on Market: 07/01/2025

  • Last Updated:

  • Address: 2826 Coralglen Dr, Malibu, CA 90265

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