Most Expansive Ocean View Property in Malibu ! Tremendous Potential with neighboring lots on Hovenweep selling for $950,000 and $777,000 and future homes valued at more than $5m ! First time Hovenweep Lane has been able to be built on now that the water/road , electric improvements ( over $1.5m spent ) installed and fully completed by end of October 2024 . All homes on the street will be brand new creating a high end luxury neighborhood within the next few years! Geology/ Percolation Test and Architectural drawings for an app. 6,000 sq. ft. custom home. The property sits up in the Malibu Mountains surrounded by nature with stunning panoramic ocean views and Views of the coastline “Queens Necklace” city lights. Numerous hiking trails all around the property and easy access to be in either Malibu/Calabasas or Topanga Blvd in 10 minutes. Incredible opportunity to own the best priced ocean view property in Malibu.