Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

3662 Sweetwater Canyon Drive

Malibu, CA, 90265

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$6,900,000

MLS: 26670811

Beds

3

Baths

2

Sq Ft

1,619

Lot

1.05 ac

Year Built

1956

MLS #

26670811

Days on Market

19

Listed

Mar 28, 2026

Description

Located on Sweetwater Canyon Drive, in a private community, this property offers wide-ranging ocean views including the Queen's Necklace, Catalina Island, Big Dume Beach, the Malibu Pier, and Surfrider Beach. Positioned directly above Nobu and Soho House Malibu, it combines strong views with close proximity to Malibu's top dining and lifestyle destinations. The property spans over one acre and sits at the end of a gated driveway, providing privacy and a large motor court. The existing single-story ranch home has a functional layout with ocean views from most rooms, offering potential for renovation or redevelopment. One minute from Pacific Coast Highway, this is a rare opportunity to build or update a home in one of Malibu's most desirable and low-density locations, with both privacy and immediate access to the coastline.

Location

Malibu, Los Angeles County, CA 90265

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Listed by: Shen Schulz · Sotheby's International Realty

Payment estimate

$48,230

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $690,000 · Loan: $6,210,000

%
Principal & Interest
$38,155
Property tax (1.25%)
$7,188
Homeowners insurance
$300
Mortgage insurance
$2,588
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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 $241,500 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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