WATERFRONT VALUE-ADD OPPORTUNITY — BUILDERS, CONTRACTORS & INVESTORS
Rare opportunity to acquire a substantial 2,915 sq. ft. waterfront property in the highly desirable and historic Malibou Lake Mountain Club, nestled within the Santa Monica Mountains just minutes from Malibu and greater Los Angeles.
Bring your contractor, your vision, and your creativity. This property is being offered as a major renovation opportunity and represents an exceptional canvas for a builder, contractor, investor, or sophisticated buyer looking to transform an original-condition lakefront home into something truly special.
The existing two-story residence offers 3 bedrooms with the potential for a 4th bedroom/den, 3 bathrooms, vaulted ceilings, expansive living areas and multiple decks overlooking Malibou Lake, the iconic main island and surrounding mountains.
One of the property’s most compelling opportunities is the enormous approximately 20′ x 40′ lower-level bonus room—roughly 800 square feet of flexible space with tremendous potential for reconfiguration into additional living space, bedrooms, media/game room, gym, office or an impressive entertainment area, subject to applicable approvals.
The combination of nearly 3,000 square feet, waterfront location, expansive lake and mountain views, substantial existing structure and significant renovation potential creates an opportunity rarely available in this unique community.
This is not simply a cosmetic fixer. It is an opportunity to completely reimagine a sizable waterfront residence and create a high-impact transformation with significant value-add potential.
Ideal for builders, contractors, developers and investors seeking their next Southern California renovation project.
Conceptual renovation ideas, additional property information and project details available upon request.
Rare opportunity to acquire a substantial 2,915 sq. ft. waterfront property in the highly desirable and historic Malibou Lake Mountain Club, nestled within the Santa Monica Mountains just minutes from Malibu and greater Los Angeles.
Bring your contractor, your vision, and your creativity. This property is being offered as a major renovation opportunity and represents an exceptional canvas for a builder, contractor, investor, or sophisticated buyer looking to transform an original-condition lakefront home into something truly special.
The existing two-story residence offers 3 bedrooms with the potential for a 4th bedroom/den, 3 bathrooms, vaulted ceilings, expansive living areas and multiple decks overlooking Malibou Lake, the iconic main island and surrounding mountains.
One of the property’s most compelling opportunities is the enormous approximately 20′ x 40′ lower-level bonus room—roughly 800 square feet of flexible space with tremendous potential for reconfiguration into additional living space, bedrooms, media/game room, gym, office or an impressive entertainment area, subject to applicable approvals.
The combination of nearly 3,000 square feet, waterfront location, expansive lake and mountain views, substantial existing structure and significant renovation potential creates an opportunity rarely available in this unique community.
This is not simply a cosmetic fixer. It is an opportunity to completely reimagine a sizable waterfront residence and create a high-impact transformation with significant value-add potential.
Ideal for builders, contractors, developers and investors seeking their next Southern California renovation project.
Conceptual renovation ideas, additional property information and project details available upon request.
Property Details
Price:
$1,800,000
MLS #:
SR26171178
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Malibu Lake Mountain Club 894
Neighborhood:
agoaagoura
Listed Date:
Aug 16, 2026
Finished Sq Ft:
2,915
Lot Size:
8,400 sqft / 0.19 acres (approx)
Year Built:
1978
See this Listing
Schools
School District:
Las Virgenes
Interior
Bathrooms
3 Full Bathrooms
Cooling
CA
Heating
CF, FIR
Interior Features
SUMP, LRDA, CC, HCEL
Laundry Features
IR, IN, UL
Levels
U
Main Level Bathrooms
1
Main Level Bedrooms
1
Exterior
Accessibility Features
NO
Attached Garage YN
1
Common Walls
NCW
Community Features
FHL, HRS, LAKE, FISH, WATE, HIKI, BIKI
Exterior Features
DO
Garage Spaces
2
Parking Spots
2
Parking Total
2
Roof
ASP, SHN
Security Features
AG, GC
Spa Features
NO
View
CN, HI, LA, MT, PA, NE
Waterfront Features
OL, ID, LAK, LR, ARLO
Financial
HOA Fee
$488
HOA Fee Frequency
MO
Map
Community
- Address2232 East Lakeshore DR Agoura Hills CA
- SubdivisionMalibu Lake Mountain Club (894)
- CityAgoura Hills
- CountyLos Angeles
- Zip Code91301
Subdivisions in Agoura Hills
- Agoura 850
- Agoura Park 802
- Annadale 851
- Chateau Park Townhomes 812
- Chateau Springs-813 – 813
- Colony Condos 901
- custom – 4179
- Fountainwood 854
- Lake Lindero 856
- Lake Lindero Townhomes A 891
- Lake Lindero Townhomes-891 – 891
- Lakeview Villas A 816
- Lakeview Villas-816 – 816
- Liberty Canyon Townhomes 861
- Malibu Hidden Cyn TNHMS 847
- Malibu Lake Mountain Club-894 – 894
- Meadow Ridge Condos-819 – 819
- Medea Valley Estates-887 – 887
- Morrison East Meadows 824
- Morrison Highlands 822
- Morrison Ranch South 889
- Morrison Ranch South-889 – 889
- Oak Valley 865
- Oakcrest Townhomes A 814
- Old Agoura – 850 – 850
- Old Agoura 850
- Reyes Adobe-886 – 886
- Rolling Hills Estates 843
- Rondell Townhomes
- Town & Country Condos 811
Market Summary
Current real estate data for Single Family in Agoura Hills as of Sep 14, 2026
99
Single Family Listed
74
Avg DOM
450
Avg $ / SqFt
$1,603,795
Avg List Price
Property Summary
- Located in the Malibu Lake Mountain Club (894) subdivision, 2232 East Lakeshore DR Agoura Hills CA is a Single Family for sale in Agoura Hills, CA, 91301. It is listed for $1,800,000 and features 3 beds, 3 baths, and has approximately 2,915 square feet of living space, and was originally constructed in 1978. The current price per square foot is $617. The average price per square foot for Single Family listings in Agoura Hills is $450. The average listing price for Single Family in Agoura Hills is $1,603,795.
Similar Listings Nearby
2232 East Lakeshore DR
Agoura Hills, CA


