This residence sits directly on Big Rock Beach, perfectly positioned just minutes from Santa Monica and central Malibu. A rare offering on leased land at $2,100 per month (3% annual increase) with 38 years remaining on the lease. Own the whole building, the adjacent home is for sale as well! This coastal sanctuary captures unobstructed, panoramic views of the Pacific Ocean, Catalina Island, and the Queen’s Necklace from sunrise to sunset. The home features two bedrooms plus an open den or 3rd bedroom area, and 2.5 bathrooms, all thoughtfully designed for both comfort and elegance. The open-concept kitchen and dining area flow into a sunlit living room with a balcony perched over the sea, offering a front-row seat to the rhythm of the waves. Upstairs, the romantic primary suite includes an oceanfront balcony and spa-style en-suite bath, while the open loft/family area leads to a private guest suite with its own bathroom and the laundry is in a closet upstairs. Multiple outdoor deck spaces create an effortless connection to the coast, from an ocean-facing deck ideal for lounging to a private subterranean patio made for al fresco dining beside the surf. A few doors away there is access to a picturesque pocket beach and cove, an idyllic escape for sunbathing, swimming, or quiet walks by the water at low tide. There is an attached 2 car garage.
Property Details
Price:
$1,980,000
MLS #:
25617573
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c32
Listed Date:
Nov 13, 2025
Finished Sq Ft:
1,490
Total Sq Ft:
1,490
Lot Size:
1,673 sqft / 0.04 acres (approx)
Year Built:
1963
See this Listing
Schools
Interior
Appliances
DW, GD, RF
Bathrooms
2 Full Bathrooms
Cooling
NO
Flooring
TILE, LAM
Heating
FA, CF
Laundry Features
IN, UL, WINC
Exterior
Construction Materials
STC
Parking Spots
2
Roof
CMP
Security Features
COD, FSDS, GC
Financial
Lease Land Amount
$25,200
Lease Land Expiration
2063-09-30
Lease Land Frequency
ANU
Map
Community
- Address20438 Pacific Coast HY Malibu CA
- CityMalibu
- CountyLos Angeles
- Zip Code90265
Subdivisions in Malibu
Market Summary
Current real estate data for Single Family in Malibu as of Nov 26, 2025
101
Single Family Listed
147
Avg DOM
2,634
Avg $ / SqFt
$12,027,211
Avg List Price
Property Summary
- 20438 Pacific Coast HY Malibu CA is a Single Family for sale in Malibu, CA, 90265. It is listed for $1,980,000 and features 2 beds, 2 baths, and has approximately 1,490 square feet of living space, and was originally constructed in 1963. The current price per square foot is $1,329. The average price per square foot for Single Family listings in Malibu is $2,634. The average listing price for Single Family in Malibu is $12,027,211.
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20438 Pacific Coast HY
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