2232 E Lakeshore Drive WATERFRONT VALUE-ADD OPPORTUNITY - BUILDERS, CONTRACTORS & INVESTORS Rare opportunity to acquire a substantial 2, 915 sq. ft. waterfront property in the highly desirable and historic Malibou Lake Mountain Club, nestled within the Santa Monica Mountains just minutes from Malibu and greater Los Angeles. Bring your contractor, your vision, and your creativity. This property is being offered as a major renovation opportunity and represents an exceptional canvas for a builder, contractor, investor, or sophisticated buyer looking to transform an original-condition lakefront home into something truly special. The existing two-story residence offers 3 bedrooms with the potential for a 4th bedroom/den, 3 bathrooms, vaulted ceilings, expansive living areas and multiple decks overlooking Malibou Lake, the iconic main island and surrounding mountains. One of the property's most compelling opportunities is the enormous approximately 20' x 40' lower-level bonus room-roughly 800 square feet of flexible space with tremendous potential for reconfiguration into additional living space, bedrooms, media/game room, gym, office or an impressive entertainment area, subject to applicable approvals. The combination of nearly 3, 000 square feet, waterfront location, expansive lake and mountain views, substantial existing structure and significant renovation potential creates an opportunity rarely available in this unique community. This is not simply a cosmetic fixer. It is an opportunity to completely reimagine a sizable waterfront residence and create a high-impact transformation with significant value-add potential. Ideal for builders, contractors, developers and investors seeking their next Southern California renovation project. Conceptual renovation ideas, additional property information and project details available upon request.