There are many impressive, not to mention forbiddingly expensive, homes tightly sandwiched between the roaring surf and the infamously congested Pacific Coast Highway as it snakes along the California coast in Malibu . The Malibu Colony enclave, however, offers not only unfettered access to some of the most exclusive sand in all of California, but a guard-gated entrance and a quiet and beachy neighborhood feel that feels far from the maddening crowds and frustrating bumper-to-bumper traffic. Easily accessible from top Malibu attractions like Nobu and the Malibu Pier but tucked away from the throng of the highway, the Colony has been a private playground for Hollywood since the 1930s, and the eclectic array of homes along the Colony’s single narrow street have been owned and rented by the likes of Bing Crosby, Liz Taylor, Linda Ronstadt, Pink, Britney Spears, Jim Carry, Howie Mandel , Tom Hanks, and about a thousand other showbiz heavy hitters.

Originally designed and built in 1972 by renowned Southern California architects Conrad Buff and Donald Hensman and recently revamped by the Montreal and L.A.-based firm Warren Garrett, one of the Colony’s land-side residences, which face the Santa Monica Mountains as opposed to the Pacific Ocean, is now available for $18.

45 million after it first appeared on the market with a too optimistic price of $19.95 million. Within the more than 3,000-square-foot home are five bedrooms and five bathrooms.

The property listed with Chad Rogers.