Spectacular Paradise Cove beachfront compound located on the sand in one of the most exclusive gated enclaves in the world, offering stunning blue-water views up and down the coast. With approximately 90 feet of beach frontage, this estate is not on the bluffs or merely ocean-view like others in the community that have sold in the $90 - $200 million range - it is truly oceanfront. A separate, fully self-contained second home/large cabana sits directly on the sand. A rare and expansive entertaining patio is also positioned right on the beach, along with a large rooftop deck atop the cabana - perfect for hosting gatherings and events on and in the water. The spacious, light-filled main home features four bedrooms, including dual primary suites, and a vast kitchen/dining/family great room with soaring ceilings, skylights, a fireplace, wraparound windows, and decks for lounging and seamless indoor/outdoor entertaining - all opening to the ocean and panoramic coastal views. The lower level includes a screening/game room that opens directly to the ocean, plus a full bath and a hidden kids' bunk room. The enclave itself is gated and set back from the highway, while this particular compound is located at the end of a cul-de-sac, offering the ultimate in privacy and security. The larger of the two primary suites includes a fireplace, sitting area, walk-in closet, ocean-view spa bath, and a private deck with views. The second home/cabana features a kitchen, full bath, dining area, and large living room that opens to the water and oceanfront deck. Whether used as a main residence or a vacation retreat, this compound presents a rare opportunity to live on the sand within Malibu's premier, ultra-exclusive, billionaires' gated enclave.