Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

27044 Malibu Cove Colony Drive

Malibu, CA, 90265

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$10,995,000

MLS: 25563591

Beds

3

Baths

2

Sq Ft

1,800

Lot

0.17 ac

Year Built

1961

MLS #

25563591

Days on Market

159

Listed

Jul 10, 2025

Description

Tucked behind a gated entrance, this coastal retreat exudes tranquility and elegance from the moment you arrive. A beautifully landscaped paver walkway leads through a pergola-covered courtyard where wood floors, built-in couches, a fire pit, and an outdoor dining area create an ideal alfresco setting. A hint of barbecue smoke, salt air, and the distant sound of waves set the tone for a serene lifestyle just steps from the beach.Inside, the heart of the home is a sunlit chef's kitchen with high ceilings and warm wood flooring. A substantial stone island with bar seating anchors the space, complete with a filtered water line and sink. From here, sweeping ocean views serve as your backdrop. Outfitted with a Sub-Zero fridge and freezer, Wolf double oven, six-burner cooktop with pot filler, mini wine fridge, microwave, and Cove dishwasher, the kitchen is as functional as it is beautiful. Built-in shelving and a sleek hood fan complete the space.The kitchen flows seamlessly into the living room, where wood floors continue under soaring barrel ceilings. Ocean views pour through sliding glass doors that open onto an expansive deck, perfect for dining, lounging, and enjoying dramatic coastline panoramas. Built-in shelves frame the room, offering both elegance and utility.Adjacent to the kitchen, the primary suite offers an elegant escape, featuring wood flooring, high barrel ceilings, and French doors leading to the oceanfront deck. Wallpaper accents add a refined touch. The ensuite bath is clad in ocean-blue stone with a double vanity, built-ins, a luxurious steam shower with dual showerheads, and a private water closet. A spacious dressing room with skylight and custom built-ins provides generous storage.Two additional bedrooms are accessed via a hallway off the main living area. Each features warm wood floors and high ceilings, one with a built-in closet and barrel ceiling, the other with French doors to closet space. The shared bath at the end of the hall features nautical-inspired tile, a skylight, shower stall, and stone vanity, echoing the home's seaside charm.With a two-car garage, integrated 2N home automation system, and an alarm system, this property combines modern convenience with timeless style. Whether entertaining on the deck, relaxing in the courtyard, or enjoying direct beach access via private steps, this home offers the rare blend of coastal living and refined designall in a coveted beachfront setting.

Location

Malibu, Los Angeles County, CA 90265

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Listed by: Christopher Cortazzo · Compass

Payment estimate

$76,676

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $1,099,500 · Loan: $9,895,500

%
Principal & Interest
$60,800
Property tax (1.25%)
$11,453
Homeowners insurance
$300
Mortgage insurance
$4,123
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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 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 $384,825 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.

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

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