Unobstructed OCEAN VIEW 2.44 acres Malibu burnout vacant lot. This lot is framed by a unique rock formation that is still standing with the retainer walls intact. Gently sloping and terraced lot with CityWater, Electricity, and Septic Tank. The property is surrounded by nature, giving privacy and serenity while being just a short drive from world class beaches, fine dining and the vibrant Malibu lifestyle. Situated on one of Malibu's most desirable locations, this is a rare chance to own a piece of paradise in Malibu whether you are looking to build your personal sanctuary or invest in a valuable asset, this lot offers endless possibilities to create an ultimate retreat of your own imagination. You can have a clear day with views all the way to Catalina Island, view a cascading wall of fog, view shooting stars at night and even hear frogs after a rain. Located in one of Malibu's most exclusive and private canyons with homes selling from $5M to 15M.The property has a large flat building site with a downhill area on the upper area of the property. The City of Malibu has an expedited process for in-kind rebuilds plus 10% additional square footage. The previous home was a 2,600 square foot ocean view home that could be rebuilt very easily with hundreds of thousands of dollars saved by using some of the remaining improvements on the property such as the septic system, building pad, water meter, electrical service and more.