Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

26908 Malibu Cove Colony Drive

Malibu, CA, 90265

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$10,450,000

MLS: 25608523

Beds

5

Baths

5

Sq Ft

3,354

Lot

0.17 ac

Year Built

1974

MLS #

25608523

Days on Market

176

Listed

Oct 20, 2025

Description

Enjoy the art of beachfront living in this elegant five-bedroom home, ideally situated on a guard-gated street for the ultimate in exclusivity and peace of mind. A serene courtyard entry welcomes you into a covered loggia with a soothing spa, outdoor fireplace, and lush greenery creating a tranquil oasis before you even step inside. Upon entering, rich hardwood floors flow seamlessly throughout the home's sunlit, open-concept layout. Both the living and family rooms feature fireplaces, sweeping ocean, coastline and city light views, opening directly onto an expansive seaside deck with a fire pit perfect for effortless entertaining and sunset gatherings. The main level includes a private en-suite bedroom with its own entrance, ideal for guests. Upstairs, the oceanfront primary suite offers a private balcony, fireplace, and walk-in closet, creating a true sanctuary with panoramic views of the Pacific. Three additional bedrooms complete the upper level, each light, bright, spacious and all feature vaulted, beamed ceilings that enhance their airy, coastal ambiance. Set directly on the sand, the entertainer's deck offers direct access to the water's edge and your own charming surf shack. Modern comforts include an electric car charger, a three-car garage, and additional private parking. Blending luxury with relaxed waterside living, this home perfectly captures the essence of life at the beach. *Burning fire in fireplaces and fire pit have been digitally added.

Location

Malibu, Los Angeles County, CA 90265

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Listed by: Mary David · Sotheby's International Realty

Payment estimate

$72,890

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $1,045,000 · Loan: $9,405,000

%
Principal & Interest
$57,786
Property tax (1.25%)
$10,885
Homeowners insurance
$300
Mortgage insurance
$3,919
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

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 $365,750 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

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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