Situated along the coast on Malibu Colony Road, this gated, cottage-style beach house—now on the market for $10.995 million—offers resplendent views of the Pacific, mountains, and Santa Catalina Island.

The sun-soaked home—just steps from the water—boasts a crisp white interior paired with hardwood floors. Inside you’ll find four bedrooms and three baths, along with a living room, a dining area, and an office/den. In addition, an original teahouse sits on the property’s grounds.

Though the single-family residence oozes with charm just the way it is, plans for a new 4,000-square-foot Cape Cod-style home—comprised of four bedrooms and four baths—have been okayed, and are readily available.

See below for renderings of the approved plan, which showcases an open-air layout that promotes seamless indoor-outdoor living, not to mention a sumptuous spa:

For more information, click here to view the home’s full property listing.