A celebrity estate in an incomparable coastal setting, this majestic property offers a rare 180 feet on the beach at County Line Beach. The gated residence enjoys approximately 55 feet of beach frontage. The adjoining flat 1.2-acre lot, when purchased with the home, offers an additional 125 feet of frontage and the exceedingly rare opportunity to create a 1.5-acre custom oceanfront estate with guesthouse and pool, or build a new 10,000 square foot dream home with plans by Doug Burdge, Malibu's number one architect. It represents an exceptional value and investment. Commanding unobstructed ocean, mountain, and island views from expansive windows and beachfront decks, this 5,050 square foot home was created for sophisticated living and impressive entertaining. Designed to take full advantage of the views from every room, the home's main floor is luminous and grand, from the three-story, glass-ceiling foyer to the stunning, 50-foot oceanfront living room, with its beautiful stone floors, fireplace, spectacular views, and beachside deck just outside. Sharing the views is the handsome formal dining room, with a deep tray ceiling, chandelier, and elegant built-in cabinets. With Saltillo tile floors and SubZero and Viking amenities, the spacious kitchen/family room invites gourmet preparations as well as casual gatherings. Just out the door is a private, gated stairway to the beach. Also on the main floor is an en-suite bedroom as well as a powder room and laundry. Around a lovely piano alcove and sitting area, the grand skylight staircase ascends to the bedroom level. Here, in addition to the primary suite and two other bedrooms, there is a luxurious apartment complete with living room, fireplace, kitchenette, full bath, and separate entrance with a balcony just outside. Perfect for a home office or guest suite. The ocean-view primary suite is a serene sanctuary. Its gracious living/sitting room with fireplace and tranquil sleeping quarters each feature enormous windows facing the view, while the full-width deck is the perfect spot for whale watching and stargazing. Ascend one more flight to reach the third-floor sunroom and approximately 2000 square foot rooftop deck, where unobstructed views take in the ocean, coastline, and protected landscape of the Santa Monica Mountains National Recreation Area. This living/dining/lounging area is fully equipped with a fireplace and outdoor kitchen for incomparable day and evening gatherings. Now just imagine the unique upside potential of expanding the estate's oceanfront allure with a guesthouse, pool, tennis court, gardens on the adjacent lot, or building a new 10,000+ square foot contemporary estate, guesthouse, and pool designed by Malibu's top architect, Doug Burdge. With multi-million dollar estates nearby, easy access to the Camarillo Airport, Pepperdine University, central Malibu, and all the luxuries of California coastal living, this is an estate, and an opportunity, of rare value and upside economic potential. Option to purchase the house and lot together or each separately.