Situated on a double lot, this Western Malibu estate offers a spacious, light-filled home with soaring ceilings, breathtaking ocean views, beautiful landscaping, and exceptional privacy. Dual lots assure a park-like buffer around the gated Cape Cod-style residence and guest house, with an abundance of decks, patios, and enticing indoor and outdoor entertaining spaces. Steeply pitched plank ceilings, skylights, generous built-ins, large windows, and wood floors define the open-plan design. The welcoming entry hall opens into a two-story, ocean-view living room with a fireplace, a bay window, and stairs to the upper floor, where windows along a loft-style hallway allow additional light into the central space. The adjacent kitchen is an entertainer's delight, with greenhouse skylights, garden and ocean views, a glass-topped island with bar seating, top-quality appliances, an impressive butler's pantry, and a window-wrapped ocean-view dining area. Off the kitchen and living room is an ocean-view, wraparound wood deck complete with a pergola-shaded living area, dining area, room for lounging, outdoor sound system, and steps to a private courtyard with a hot tub. Upstairs, three bedrooms include a marvelous primary retreat with an ocean-view sitting area, a walk-in closet/safe room, and a beautifully tiled bath with a free-standing tub. Each of the other two bedrooms has a bay window with a built-in seat, and one has a ladder-access loft. On the home's lower floor is another bedroom, a roomy and comfortable home theater with sound-proofing and a built-in screen. In a separate building below the main deck is an en-suite gym/studio with built-in cabinets, access to the outdoor shower, and another lovely deck. Across the main-level deck is a separate two-story guest house/studio/office with high wood-plank ceilings, a powder room, amazing views, and walls carpeted for sound-proofing. In addition to a two-car garage, the property features direct keyed beach access, air conditioning, central vacuum, security system, and sensational gardens with a waterfall, detached writing studio/office, koi pond, and meandering pathways. This is a rare estate of gracious proportions, resplendent views, and all the comforts and conveniences of the private Malibu lifestyle. Includes APN# 4470-026-0125 with a lot area of 6,159 SF and APN# 4470-026-012 with a lot area of 5,815 SF, both based on Property Tax Records.