Ultra Luxury Malibu Estate With Balinese Pavilions And Endless Ocean Views

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Built in 2016 and designed by renowned interior designer Martyn Lawrence Bullard, the property at 24834 Pacific Coast Hwy in Malibu incorporates antique elements from around the world, offering resort-like amenities such as an infinity pool, tennis court, and guest house.

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Nestled on a commanding bluff along Malibu’s storied Pacific Coast Highway, the estate at 24834 Pacific Coast Hwy epitomizes the fusion of exotic global design and quintessential California luxury. This gated sanctuary, listed at $32,995,000 as of early 2026, has evolved from a $10 million land acquisition in 2007 to a fully realized architectural gem built in 2016. Designed by acclaimed interior designer Martyn Lawrence Bullard, known for his work with celebrities and high profile clients, the property draws inspiration from Balinese pavilions, incorporating antique elements sourced from Java, Rajasthan, Kyoto, and 17th-18th century India. Its current pricing reflects a strategic reduction from prior asks ($65 million in 2020 and $39.5 million more recently), aligning with market dynamics in a post pandemic, wildfire aware Malibu landscape.

Architectural and Design Highlights

The residence spans approximately 10,061 square feet (with some records noting 8,000 sq ft for the main building, possibly excluding the guest house) across over 1.6 acres (or 1.22 acres per tax records). Arranged in a U-shaped configuration of three pavilions, it centers around tranquil courtyard gardens, stepped terraces, and reflective pools that evoke a resort like serenity. Exterior features include limestone cladding, teak doors and windows, and custom gates with Chinese green ware tiles, creating a striking entry via a palm lined driveway culminating in a grand motor court and four car garage.

Inside, the design narrative unfolds with hand stenciled walls, ornate wood carvings, and soaring beamed ceilings. The great room serves as the heart of the home, anchored by dual fireplaces crafted from historic Indian columns and opening via 30 foot sliding glass doors to expansive ocean view terraces. The chef’s kitchen, modeled after a Kyoto apothecary cabinet, boasts Brazilian green marble counters, a large island, and professional grade appliances from Wolf, Sub-Zero, and Bosch. The primary suite offers a private oasis with dual dressing rooms, a Massangis limestone-clad bath featuring a Waterworks copper soaking tub, and direct access to a coral tree framed patio.

Additional interior spaces include a library assembled from antique wood fragments, a lower level lounge with a backlit onyx bar and wine cellar, and a tiered home theater. The two story guest house provides independent accommodations, while smart home integrations like Crestron electronics, full house water filtration, and a backup generator ensure modern reliability.

Amenities and Outdoor Living

This estate is engineered for both grand entertaining and intimate relaxation, with amenities rivaling a five star resort. The infinity edge ozone pool and spa command panoramic coastline views, complemented by a Balinese style cabana, pool bar with full facilities, and expansive manicured lawns. A north-south lighted tennis court with a viewing pavilion adds recreational appeal, while private steps descend directly to Malibu Road and the sandy beach below, a rare feature enhancing its ocean access allure. Multiple limestone patios facilitate seamless indoor-outdoor transitions, ideal for Southern California’s mild climate.

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Location and Neighborhood Context

Situated in Central Malibu, the property benefits from its bluff-top perch in an exclusive enclave of only 14 homes, offering sweeping vistas from the Pacific to Catalina Island and the Southern California coastline. The street to street lot (PCH to Malibu Road) provides dual access points, enhancing privacy and convenience. Malibu’s allure lies in its blend of natural beauty, proximity to Santa Monica Mountains for hiking and the ocean for surfing, with urban accessibility to Los Angeles. However, the area’s car dependent nature (Walk Score: 21, Bike Score: 25) underscores its appeal for those seeking seclusion over walkability.

The neighborhood falls within the Santa Monica-Malibu Unified School District, known for strong academics, and is zoned for rural residential use (RR2), with considerations for weed hazards and environmental protections. While Malibu has faced wildfire challenges (e.g., the 2025 Palisades fire impacting market activity), properties like this emphasize resilience through elevated positioning and modern builds.

Historical and Ownership Background

Public records trace the property’s modern iteration to a 2007 sale for $10 million, likely acquiring the land for development, culminating in the 2016 construction. Earlier listings associate it with Gary Horwitz, former Hertz president, who marketed it at $65 million in 2020 amid a wave of high profile Malibu sales. No recent ownership transfers are noted, suggesting continuity. Tax assessments value it at around $19.57 million, with annual taxes exceeding $236,000, reflecting its premium status.

Market Analysis and Investment Potential

Malibu’s luxury real estate in 2026 demonstrates a nuanced recovery. Median listing prices for luxury homes stand at $6.35 million, with 375 active listings averaging 155 days on market, indicating ample time for due diligence but also buyer leverage in negotiations. Overall home values have declined 2.9% year over year to a median of $3.12 million, influenced by post wildfire caution and economic factors, yet the ultra luxury segment (properties over $20 million) remains robust, with sales up in Q4 2025 and a focus on sustainable, private estates. Trends highlight demand for eco features like solar integration and water recycling, which this property partially addresses through its ozone pool and filtration systems.

Comparable sales in Malibu’s bluff and oceanfront areas provide context: Recent transactions include a $11.275 million sale in February 2026 (5 beds, 4 baths, 3,733 sq ft) and higher end deals like a $22.95 million new construction in Santa Monica (mirroring Malibu trends). PCH properties often fetch $8-34 million, with oceanfront estates at 29821 PCH listed at $9.995 million (3 beds, 4 baths, 3,433 sq ft) and 26946 PCH at $34 million (similar bluff views). This positions 24834 PCH as competitively priced, potentially offering 10-15% negotiation room based on 2025 data where sellers received 92-96% of ask. Long term, Malibu’s international appeal and limited supply suggest appreciation potential, especially for bluff estates resilient to coastal erosion. However, buyers should factor in rising insurance costs due to climate risks.

Broader Malibu Market Trends in 2026

Drawing from multiple sources, Malibu’s market in early 2026 emphasizes recalibration over reaction. Luxury growth is projected at 2.9% globally, with Malibu favoring strategic buys amid limited coastal inventory. Sales volume dipped 31% in 2025 versus 2024, but Q4 2025 saw a surge (80 transactions), signaling momentum. Median sold prices fell to $4.475 million in 2025 (down from $4.2-4.85 million lists), with average $/sq ft at $1,395 (14.6% drop). Yet, prime neighborhoods like Point Dume and Carbon Beach command premiums for views and privacy. International buyers, drawn to Malibu’s brand as a symbol of exclusivity, bolster demand, while tokenization of real estate assets emerges as a liquidity trend for 2026. For this property, its unique design and amenities position it well, though prospective owners may prioritize upgrades for sustainability to align with market preferences.

24834 Pacific Coast Hwy stands as a livable legacy in one of California’s most coveted enclaves, offering timeless elegance amid a market that rewards discerning, patient investors.

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