Discover a rare opportunity to own a 2,915 sq ft waterfront home in the enchanting and historic Malibou Lake Mountain Club. Tucked away in the Santa Monica Mountains-just minutes from Los Angeles and moments from Malibu-this peaceful, gated community offers a lifestyle unlike anywhere else in Southern California. This spacious two-story residence features 3 bedrooms (possible 4 beds/den), 3 baths, and wide-open living spaces framed by vaulted ceilings and expansive decks showcasing breathtaking views of the lake, the iconic main island, and the surrounding mountains. The home is in pristine, but original condition, offering an exceptional canvas for renovation or a dream remodel. Home features a huge 20' x 40' bonus room, ideal family room, dance studio, extra bedroom or creating a media room. This massive lower-level game room/entertainer's space, provide endless possibilities for recreation, hosting, or reimagining to suit your lifestyle and vision. Oh so many options in this blank canvas ready for an incredible transformation. A generous two-car garage has direct access to an additional room which can be a quest quarters, gym or office. As a resident of Malibou Lake Mountain Club, you'll enjoy a rich array of amenities, including tennis courts, pickle-ball courts, a year-round heated swimming pool, clubhouse, private lake access, and a variety of water activities. Whether you seek tranquility, adventure, or a vibrant community, this magical lake enclave truly has it all. Come experience life inside the “Three Magical Miles.” Once you do, you'll never want to leave.