23422 W Copacabana Street

Description

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 $950 per square foot. A nearby vacant lot of just 14,395 square feet is currently listed at $1.5 million, making this offering one of the strongest value plays in the area.Located minutes from Malibu's beaches, trailheads, the Country Mart, Nobu, and within the Las Virgenes School District, this lot offers the perfect blend of lifestyle, location, and long-term investment potential. Whether you're looking to build a custom home or secure a high-upside redevelopment property, 23422 W Copacabana presents a rare chance to capitalize on current market conditions and temporary regulatory advantages.

Listing information courtesy of: David Bramante, LOOM REALTY 310-906-5459. *Based on information from the Association of REALTORS/Multiple Listing as of 04/06/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.