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First time on the market in 50 years! One of Malibu's truly cool, old-school properties, this 4-bedroom, 4-bathroom hacienda captures the quintessential Malibu lifestyle with spectacular panoramic views of the Santa Monica Bay and the famed Queen's Necklace.Set on approximately 2 acres in the heart of Malibu, the property overlooks the legendary Malibu Racquet Club and is filled with authentic old-world Malibu charm. Expansive flat, grassy lawns surround a pool, ocean-view decks, spa, mature landscaping and beautiful outdoor fountains. Wrought-iron fencing, relaxing outdoor verandas and intimate seating areas add to the property's timeless character and relaxed, resort-like setting.Inside, each room has its own character, with wide-plank hardwood floors, soaring ceilings, spectacular ocean views and unique custom details throughout. The spacious primary bedroom is a destination unto itself, complemented by a dramatic floor-to-ceiling wall of glass framing panoramic Santa Monica Bay views. The adjoining bath features a luxurious spa tub and steam shower, while a giant built-in aquarium creates a truly unique view through the wall and into the bedroom.Relaxed, private and distinctly Malibu, this is a property with personality, less about polished perfection and more about the timeless, effortless Malibu vibe.A rare opportunity to own a piece of old Malibu that has been cherished by the same owner for five decades.