NOT LISTED FOR SALE

20228 Pacific Coast Hwy Malibu, CA 90265

Malibu Area

Estimated Value: $2,559,500

0.06 Acres
$41,083,467 Price per Acre
2,712 Sq Ft Lot

Sale Details

Date Sold: May 28, 2026

Last sale price $1,425,000 $1,189 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $18,542 / mo

181 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Oceanside
  • Webster Elementary School Rated A
  • Property has ocean access

About This Lot

As of May 2026

Fire rebuild opportunity on Big Rock Beach in Malibu with approx. 32 feet of beach frontage. Build your dream coastal retreat on the sand, offering rare close-in access to Santa Monica and the Westside. This property features approx. 32 feet of ocean frontage with approximately 80 feet of depth (2,712 SF lot area). Public records reflect a 1,198 SF prior residence with rebuild and entitlement potential with an additional 10% size allowing for a streamlined rebuild process without Coastal Commission review. The seller has already completed Phase 1 and Phase 2 lot clearance. sweeping views of the Queen's Necklace, Palos Verdes, and Catalina Island - just minutes from Santa Monica or Malibu town center, this is a rare opportunity to design and build your own beachfront haven on the sand.

Last Agent to Sell the Property

Shen Schulz

Sotheby's International Realty License #01327630 Listed on: 10/08/2025

Sotheby's International Realty

Last Buyer's Agent

Tommy Crudo

Compass License #01468953

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Lot Details

  • 2,712 Sq Ft Lot
  • Lot Dimensions are 34x81
  • Beach Front
  • Property is zoned LCR303

Property Views

  • White Water Ocean
  • Coastline
  • City Lights

Outdoor Features

  • Property has ocean access
  • Oceanside

Utilities

  • Property is located within a water district
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4450-003-010

Property Details

Property Type

Land

Lot Details

2,712 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 0.0623
  • Lot Dimensions: 34x81
  • Probate: No
  • Survey: Buyer Pays
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Public Street: Yes
  • Street Description: Asphalt
  • View: Coastline, City Lights, White Water, Ocean
  • View: Yes
  • Waterfront: Beach Access, Beach Front, Beach Rights, Ocean, Ocean Access, Ocean Front

Utilities

  • Cable: No
  • Electric: In Street
  • Gas: In Street
  • Sewer: Septic Tank
  • Telephone Service: In Street
  • Telephone: No
  • Water: District

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4450-003-010
  • Lot Location: Beach Front, Beach Access, Ocean Side Of Highway 1, Ocean Front, Ocean Access
  • Lot Size Area: 2712
  • Site Decription: Beach
  • Staked: No
  • Topography: Pad

Rental Info

  • Land Lease Type: Fee

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2025
Closed on
May 20, 2026
Sold by
Pch Investors I Llc
Bought by
Seller's Agent
Shen Schulz
Sotheby's International Realty
Buyer's Agent
Tommy Crudo
Compass
List Price
$1,980,000
Sold Price
$1,425,000
Premium/Discount to List
-$555,000
-28.03%
Views
108
Current Estimated Value
$2,559,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,134,500
Avg. Annual Appreciation
489.83%

Purchase Details

Closed on
Feb 15, 2007
Sold by
Sawusch Mark
Bought by
Pch Investors I Llc

Purchase Details

Closed on
Mar 27, 2006
Sold by
Snowmass Llc
Bought by
Sawusch Mark

Purchase Details

Closed on
Sep 28, 2005
Sold by
Pitkin Holdings Llc
Bought by
Snowmass Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,765,000
Interest Rate
5.93%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 30, 2005
Sold by
Maughead Pt Holdings Inc
Bought by
Pitkin Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,765,000
Interest Rate
5.93%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 5, 2002
Sold by
Ehrlich David
Bought by
Maughead Point Holdings Inc

Purchase Details

Closed on
Sep 27, 2001
Sold by
Sherwood Don C
Bought by
Ehrlich David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.85%

Purchase Details

Closed on
May 30, 2001
Sold by
Golden Dragon Premier Holdings Ltd
Bought by
Sherwood Don C and Sherwood Linda K

Purchase Details

Closed on
Dec 10, 1996
Sold by
Sherwood Don C
Bought by
Golden Dragon Premier Holdings Ltd

Purchase Details

Closed on
Nov 2, 1994
Sold by
Grey Howard A
Bought by
Sherwood Don C and Sherwood Linda K
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,425,000 First American Title
Pch Investors I Llc -- None Available
Sawusch Mark -- None Available
Snowmass Llc -- Equity Title Company
Pitkin Holdings Llc $2,765,000 Equity Title Company
Maughead Point Holdings Inc -- --
Ehrlich David $886,000 Equity Title Company
Sherwood Don C $559,800 North American Title Co
Golden Dragon Premier Holdings Ltd $649,000 Progressive Title Co
Sherwood Don C $620,000 Equity Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,765,000
Previous Owner Ehrlich David $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/28/2026 05/28/26 Sold $1,425,000 -15.2% $1,189 / Sq Ft
04/07/2026 04/07/26 Pending -- -- --
01/25/2026 01/25/26 Price Changed $1,680,000 -5.6% $1,402 / Sq Ft
11/02/2025 11/02/25 Price Changed $1,780,000 -10.1% $1,486 / Sq Ft
10/08/2025 10/08/25 For Sale $1,980,000 -- $1,653 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $47,784 $2,355,718 $2,355,718
2025 $47,784 $3,778,598 $3,553,119 $225,479
2024 $44,464 $3,704,508 $3,483,450 $221,058
2023 $43,549 $3,631,872 $3,415,148 $216,724
2022 $43,022 $3,560,660 $3,348,185 $212,475
2021 $41,915 $3,490,844 $3,282,535 $208,309
2019 $41,080 $3,387,306 $3,185,174 $202,132
2018 $39,048 $3,320,889 $3,122,720 $198,169
2016 $37,637 $3,191,937 $3,001,462 $190,475
2015 $34,928 $2,950,000 $2,762,400 $187,600
2014 $35,063 $2,950,000 $2,762,400 $187,600
Source: Public Records

Agents Affiliated with this Home

  • Shen Schulz Real Estate Agent - Sotheby's International Realty

    Seller's Agent in 2026

    Shen Schulz

    Sotheby's International Realty

    (310) 980-8809

    83 Total Sales

    Shen Schulz
    Section Image
  • Tommy Crudo Real Estate Agent - Compass

    Buyer's Agent in 2026

    Tommy Crudo

    Compass

    (858) 583-2018

    54 Total Sales

    Tommy Crudo
    Section Image
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Map

Source: The MLS

MLS Number: 25603543

The MLS

APN: 4450-003-010

California Los Angeles County Malibu 90265

20228 Pacific Coast Hwy, Malibu, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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