Seller offers construction financing and carrying a portion of the lot's purchase price, no banks to deal with. Fully permitted Lot with partial Ocean Views. Construction can commence immediately. Ideal for contractors, architects or people with vision wanting to get a steal of a deal in this Buyers' Market. Seller is offering financing, to both build the residence and purchase the lot. Construction can commence immediately as the property is fully entitled. This project has taken seven years to be entitled by the City of Malibu and represents a unique opportunity. This is very rare, only two lots including this one in this area of Malibu are fully permitted, ready for construction. This means that instead of waiting 07 years or more for the approval process, you can start construction right away. The orientation of the proposed residence provides some ocean and water views. It is estimated that a brand new home would cost between $850,000 to $1 million to build. Seller will consider Joint Venture. 50% down with sale of lot, Seller will carry the balance up to 5 years at a fixed 5% APR. The house has been designed with a master bedroom, three additional bedrooms along with three baths and a double car garage for a total of approximately 4,100 sq.ft. of structures. The project has a full set of City of Malibu Approved Building Plans. The Great Room comprises 40% of the home. HOA is $200/month.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
