21733 Castlewood Drive
Malibu, CA, 90265
$3,250,000
MLS: 26847921
Beds
4
Baths
3
Sq Ft
2,562
Lot
1.62 ac
Year Built
1995
MLS #
26847921
Days on Market
3
Listed
Jun 15, 2026
Description
Nestled atop 1.6 private acres on coveted Castlewood Drive, this light-filled Malibu retreat offers a rare blend of coastal proximity, sweeping ocean and mountain views, and extraordinary future potential. Just minutes from the beaches, restaurants, and shops of Malibu, the tri-level residence is thoughtfully positioned to embrace its natural surroundings, with expansive wraparound decks, walls of windows, and abundant natural light throughout. The flexible floor plan includes four bedrooms, three bathrooms, generous living and dining spaces, updated baths, and a versatile lower-level bonus room ideal for a home office, studio, gym, or guest accommodations. Occupying its own upper level, the primary suite opens to a private wraparound balcony where breathtaking whitewater, canyon, and sunset views unfold in every direction. Beyond the residence, a rare opportunity awaits. Following the loss of a detached accessory structure in the January 2025 fires, extensive planning and approvals have already been completed for its reconstruction, including geotechnical investigations, architectural and structural plans, Regional Planning approvals, OWTS clearance, and an active building permit application currently in plan check. Plans call for an impressive approximately 36' x 40' detached structure with an adjoining deck, creating exceptional potential for a creative studio, workshop, collector's garage, expansive live/work space, or private retreat. Deposits have been secured for the prefabricated steel structure and custom bi-fold hangar door, allowing the next owner to continue the process with significant groundwork already in place. Surrounded by open skies, canyon serenity, and ocean breezes, this exceptional property offers the opportunity to create a truly personalized compound while enjoying the very best of the Malibu lifestyle - a place to breathe deeply, create freely, and be inspired by the beauty of nature.
Location
Malibu, Los Angeles County, CA 90265
Open on Google Maps ↗Listed by: Nina Kurtz · Compass
Payment estimate
$23,334
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $325,000 · Loan: $2,925,000
Average 30-yr fixed rate 6.47% as of Jun 18, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $18,430
- Property tax (1.25%)
- $3,385
- Homeowners insurance
- $300
- Mortgage insurance
- $1,219
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 18, 2026
- 30-year fixed
- 6.47%
- 15-year fixed
- 5.81%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Malibu home with as little as 3.5% down using an FHA loan — roughly $113,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Malibu, CA 90265 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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