The Edge, whose real name is David Evans, and his team bought the property in 2005 and since then he has pursued regulatory approval from the California Coastal Commission to be able to eventually build on the site and live there.
The unanimous vote by the Coastal Commission at a meeting in Monterey, in central California, to approve the 5.2-acre (2.1-hectare) project in the exclusive beach community just outside Los Angeles marked a reversal from its 2011 decision to reject the project.
The project must next go before officials in Malibu and Los Angeles County to obtain permits.
A statement from The Edge’s project team said the latest design takes up 43% less space than the one rejected in 2011 and would be built on a lower plateau, instead of high on the ridge. Each home will have a footprint of less than 10,000 square feet (929 square meters), it said.
Staff members on the commission suggested the proposed configuration for the project that was approved.
But despite those changes, environmental groups and lawmakers such as state Senator Fran Pavley, a Democrat who often speaks in favour of green measures, opposed the development, saying it would infringe on wildlife.
The Edge and his development team have dedicated 140 acres (57 hectares) of their land in Malibu as open space, officials said.