$599,000

2527 Coal Canyon Rd presents a Malibu development opportunity with panoramic ocean views spanning from the Queen's Necklace to Catalina Island, including the Malibu Pier and Colony, with both sunrise and sunset vistas. The property is also available as part of a two-property package with nearby 2501 Rambla Pacifico, presenting a unique opportunity to acquire two complementary Malibu development sites. Multiple approvals are already in place, including Certificate of Compliance, GMED, ERB, Environmental Health, Fuel Modification, and Fire Department approval, along with completed biological, geotechnical (soils), percolation, and oak tree mitigation reports, including approval for the removal of two oak trees. Set on approximately 20,320 sq ft, the lot offers a highly usable building site on a quiet, private street with limited neighboring homes. Conceptual architectural plans are available for a classic modernist residence of up to approximately 4,015 sq ft, featuring 3 beds, 3.5 baths, a lap pool and spa, separate living and family rooms, and formal dining, designed to maximize the coastal views. Utilities include an installed water meter and a nearby fire hydrant located approximately 43 ft from the property line. Located within the Las Virgenes Municipal Water District, the property also offers the potential for private gate access via Rambla Pacifico, providing a more direct route to PCH, about 5 minutes away. A compelling opportunity to create a custom Malibu residence with views, infrastructure, and key approvals already in place.