OCEAN VIEW, TENNIS ESTATE. AMAZING DEVELOPMENT/ VALUE-ADD DEAL. First time on the market in 52 years. Situated on approx 1.5 USEABLE ACRES in central Malibu, one minute up from PCH/Malibu Pier. Approx 2,800 square foot, 5 bedroom 4 full bath home. Expansive white water ocean (Surfrider Beach) views, tennis court with lights, ocean-facing patio and lawn area, sprawling, flat, open land for a potential GUEST HOUSE, kid's play area, fruit trees and white water views. Bring your developer or client looking to create an amazing estate! House has been leased for the past year at $10,500 per month. Move-in condition or great rental while you are planning a renovation. Extremely clean, well-maintained home. Kitchen has breakfast bar, custom cabinets. The adjacent family room has a wood/gas fireplace, beamed ceilings and hardwood floors. Ocean facing master bedroom with fireplace. Indoor hot tub with own bathroom/shower, huge walk-in closet, in-ground basketball hoop, 2 car garage.