Malibu
28867 Grayfox Street
$14,995,000
Listed by Lily Harfouche, Compass, Listing Broker
Advertised by Kyle Shutts, Arbor Real Estate (Advertising Broker), DRE# 02060736
About This Property
A rare offering on an iconic street. A Point Dume estate with coveted beach keys to Little Dume. Gorgeous views of the waves from a frame worthy setting. This rare opportunity has an existing main house positioned on over an acre of flat and mature landscaped grounds. Included are permitted and fully approved plans for the existing main residence to be remodeled in addition to building a detached guest house and a detached three car garage; of which construction is already underway. An offering like this allows for a seamless transition into the rewarding phase of building: selecting finishes, materials, and design elements that reflect your personal taste. The proposed estate spans over one acre of property and approximately 6,700 square feet of existing and proposed structures. The layout anchored in the sense of California warmth includes a total of six bedrooms with en suites, multiple indoor/outdoor living spaces, a detached two bedroom guest house, detached three car garage, and a resort-style pool and spa. All framed by thoughtfully designed landscape and hardscape elements. Terraces, decks and patios are positioned to enjoy the ocean and mountain views, draw in natural light and capture the serenity of the surrounding property. The floor plans reveal a sophisticated flow, from the expansive entry into a gracious open concept kitchen, living, and dining space all designed to capture ocean views from the main level to a private bedroom wing and a dedicated den. The primary suite offers a spa inspired bath, generous terraces, and walk-in closets a layout that offers both flexibility and luxury. The guest house and detached garage are discreetly positioned to create a sense of estate scaled privacy, while the access to the beach underlines the lifestyle this address affords. To obtain plans and building permits on Point Dume with this level of forethought is exceedingly rare. An incredible value and unheard of opportunity to fast forward through a multi year process and immediately enter the most creative chapter of your dream home, all within one of Malibu's most treasured neighborhoods.
Property Details
Inquiries submitted through this site are answered by Kyle Shutts of Arbor Real Estate, the advertising broker, not the listing agent. Listing data provided by CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Square footage, lot size, and other details are approximate. This listing is subject to prior sale, change, or withdrawal without notice. Last updated .
← Back to all listings
Meet Kyle
Kyle Shutts

Real Estate Professional
Whether you’re buying your first home, upgrading, or selling a high-value property, my goal is simple: to protect your interests, maximize your outcome, and make the experience as smooth and stress-free as possible.
5.0
Google Rating
10+
Years Experience
1,000+
Transactions
$1B+
In Volume