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$1,997,000
4 Beds ⋅ 4 Baths ⋅ SR26194485 MLS
Perched above the water within the coveted Malibou Lake Mountain Club, this private lakeside retreat captures sweeping panoramic views, exceptional privacy and a true sense of escape—just minutes from Malibu, Calabasas, Westlake Village and the Westside. Tucked among mature trees and overlooking the lake, this 4-bedroom, 3.5-bath residence spans nearly 3,000 square feet and presents a rare opportunity to create something truly special. The home has wonderful bones, character and an extraordinary setting, but is ready for some TLC, fresh imagination and a personal touch to bring it to its full potential. For the right buyer, this is an opportunity to transform an already unique property into a magical lake home tailored entirely to their own vision. The main living areas were designed to embrace the setting, highlighted by a glass-wrapped great room offering beautiful lake and mountain views from multiple vantage points. Original stonework and a dramatic stone fireplace bring warmth, texture and character, while the industrial-inspired kitchen features expansive counter space, a Wolf range and an open layout with tremendous potential for entertaining. The primary suite enjoys its own connection to the surrounding landscape, while additional bedrooms provide flexibility for family, guests, office space or a weekend retreat. Outside, terraced gardens, mature landscaping and multiple areas for relaxing and entertaining cascade toward the lake, offering endless possibilities to reimagine the outdoor spaces. There may also be potential for expansion or an ADU, subject to applicable approvals. Best of all, the property includes coveted Malibou Lake rights, a private dock and an ElectraCraft electric boat—creating a lifestyle centered around boating, entertaining, relaxation and life on the water. This isn't a perfectly polished, move-in-ready house—and that's precisely the opportunity. Bring your architect, designer and imagination. With thoughtful updating and the right vision, this property has all the ingredients to become an extraordinary and truly magical home on Malibou Lake. The setting is already here. The views are already here. The lake is already here. Now it's ready for someone to make the home their own.

2305 Sugarloaf, Agoura

Listing courtesy of Listing Agent: Frank Trejo (franktrejo1@gmail.com) from Listing Office: Rodeo Realty.
$1,800,000
3 Beds ⋅ 3 Baths ⋅ SR26171178 MLS
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.

2232 East Lakeshore Drive, Agoura Hills

Listing courtesy of Listing Agent: Frank Trejo (franktrejo1@gmail.com) from Listing Office: Rodeo Realty.

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.