First time on the market since 1956. Once in a lifetime opportunity to build your dream home and live the Malibu way of life. What is the Malibu "Way of Life"? It's a feeling that can only be earned by a daily connection to the power of Mother Nature from the ebb and flow of the Pacific Ocean to the blooming of the California State flower the Golden Poppy at Point Dume Preserve to and hiking at Sunrise and Sunset in the majestic Santa Monica mountains and along Westward and Zuma beach when night turns to day and the golden hues fill the salty air. It's also the opportunity to be part of a caring community that comes together to help each other during both good times at the 4th of July parade and other community events and during trying times. Simply put, it's a way of living and giving and growing stronger together. This original Malibu dream home is perched on a Rancho Malibu Riviera 2 lot with 1 acre of land and ocean views from Palos Verdes to Catalina and beyond. If you always wanted to build a dream home while living in a beautiful home built with love on the same lot - then look no further. It isn't often you can find a lot with both views and deeded Riviera 2 beach rights but this has it all. This original historic home has good bones - built with redwood forest timber and a well-designed open floor plan. The family room opens to a wall of windows and a cozy wood burning gas fireplace. The dining room and den both have beautiful views and plenty of light. This lovely home also features two bedrooms, two bathrooms, a family room and a spacious garage. Watch the Birds of Paradise bloom as you pick apples, oranges, tangerines and lemons from mature trees that line the driveway and smell in the fresh ocean air and the blooming plumerias and jasmine. Plenty of space for a pool, spa and cabana, tennis court, and/or fruit orchard. Nearby beaches, surfing, hiking, and the Nature Preserve overlook with 180-degree ocean views for those hoping to spot dolphins, seals, and whales. Point Dume, one of Malibu's most popular and caring neighborhoods, is home to the award-winning Malibu Elementary school, along with stores and restaurants that are among the best in Malibu. This wonderful opportunity to live the Malibu Way of Life is yours if you have the vision and the appreciation for what truly matters most.