$2,550,000

Cradled directly on the sand along one of Malibu's most coveted beachfront stretches, this rare oceanfront parcel offers the ultimate canvas for those who dream of living with the ocean at their doorstep: sunrises over the water, the sound of waves, and effortless access to Santa Monica and greater Los Angeles. The 2,834-square-foot lot previously housed a 2,957-square-foot residence within this intimate and highly prized coastal enclave. Today, it presents a compelling opportunity to rebuild directly on the water with meaningful entitlement advantages. Under current emergency provisions, CEQA and Coastal Commission review may be avoided, provided the new home is constructed substantially in the same location and within 110% of the prior structure's footprint and height. This allows for the potential creation of an approximately 3,253-square-foot oceanfront residence without the delays typically associated with coastal development so long as the design remains consistent with the site's established legal envelope. With sand literally beneath your feet, unobstructed coastal ambience, and a uniquely streamlined path to redevelopment, 19240 Pacific Coast Highway stands as an exceptional opportunity to craft a bespoke luxury retreat where beach lifestyle and development potential converge in one of Malibu's most desirable waterfront settings. **This is a fire cleared lot. Buyer to use caution if walking the lot and is aware there may be safety issues. Buyer also needs to satisfy themselves to all city-related issues regarding a fire cleared lot.