Reduced $499k! Malibu's Best Buy with so much potential!! Boasting panoramic whitewater ocean views overlooking world-famous Surfrider Beach and the exclusive Malibu Colony, this exceptionally private estate is situated on 2.4 acres, amidst lush landscaping & dramatic canyon vistas. Featuring 7 beds & 5 baths, there are 4 beds, 3 baths on the main floor, 2 beds, 1 bath on the lower level, and a 1 bed, 1 bath Apt. with separate entry below. *Sold As-Is*. *Seller to do No Repairs.* The main floor showcases a spacious ocean-view living rm w/FP, soaring ceilings, built-in cabinets, and a bar for entertaining, with custom maple cabinets. Enjoy mesmerizing ocean views from the living room which opens onto a wraparound ocean view deck. Dining area seamlessly flows into a generously sized kitchen, complete with a center island, abundant storage, an eat-in area, and a separate butler's pantry, all leading to a beautiful patio / garden area framed by succulents, flowers, fruit trees, and multiple seating areas creating a serene oasis. The primary suite on the main floor is a true sanctuary, offering stunning ocean views and 2 large walk-in closets. Spacious primary bath features dual sinks and a luxurious soaking tub. Two additional beds + baths on main floor with direct access to the outdoor fenced-in area, perfect for a pet. Main floor also includes a large guest or maids' room & bath, + laundry rm. The lower level boasts a versatile great room with wet bar, ideal for media room, recording studio, or kids' playroom, with direct access to ocean view deck, for seamless indoor-outdoor living. Lower level also leads to an office or bedroom, plus an additional bedroom (or gym), bathroom and multiple storage areas. Below is a 1+1 Apt. with a separate entry. Parking for 4 cars, + a detached 2 car garage with storage + work area. The garage conveniently connects to the front entry via a covered breezeway. Unwind and relax after a long day, while gazing at the stars from your private hot tub. This home represents an incredible value with endless possibilities. Needs updating, but perfect as a primary home, weekend escape, home office, recording studio, or investment property. Don't miss this extraordinary opportunity to own a piece of Malibu magic, as this rare gem is brimming with potential! Brokers / Agents do not represent or guarantee the accuracy of the square footage, bed / bath count, acreage, lot size, lines or dimensions, permitted or un-permitted space, assessments or planned assessments and / or increased dues, zoning, use, or any other information concerning the conditions or features of the property.