Drew Fenton | Malibu Properties

24734 W Saddle Peak Road | Drew Fenton

Spectacular 1.9-acre Malibu Burnout Lot with Panoramic Ocean Views. This exceptional property offers World class, sweeping Pacific views, city lights from downtown L.A. to Palos Verde (known as the Queen's Necklace), whitewater views of the coastline, Catalina and the Channel Islands, snow covered peaks near Big Bear and over Palos Verde to Long Beach. Best views in Malibu. Its breathtaking! The property was previously home to a stunning residence designed by world-renowned architect Doug Burdge. Doug is ready to work with the new buyer to recreate his masterpiece or build your dream home at a substantial savings over starting from scratch. Situated in a drop dead gorgeous, gated community in the West Saddle Peak area just minutes from PCH and Malibu Canyon, the lot offers both seclusion and convenience, with direct access to some of Malibu's best hiking trails right from your doorstep. Additionally, the property may allow for placement of a trailer or ADU during the building process, offering usability while your dream home takes shape.Beyond the magnificent views, this property offers a distinct advantage as it's a burnout lot located on a ridgeline of Saddle Peak Mountain, meaning it was previously developed (i.e. grandfathered into ridgeline reconstruction to fully exploit the stunning vistas) and retains valuable infrastructure. Existing amenities include the septic system, mature landscaping with gorgeous natural rock walkways, patios, lawn, driveway, and best of all, much of the engineer inspected foundation remains intact. Burnout lots, due to their previous development, qualify for an expedited building permit process. This significantly reduces the typical timeframe and difficulty associated with obtaining permits in Malibu, potentially shortening the process by years. This allows for quicker construction and the ability to personalize the home with desired finishes in a fraction of the usual time. Investing in a burnout lot offers the potential for significant appreciation as the neighborhood rebuilds with modern, state-of-the-art homes, replacing the original, older homes. With its world-class views, prestigious gated setting, streamlined construction potential, and opportunity for significant appreciation as the neighborhood rebuilds with modern luxury estates, this property represents a rare and highly desirable offering in Malibu real estate.

Listing provided courtesy of Bill Rhodes

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