This Malibu mansion costs $3 million - but there's a catch

Greek-style living has been made possible in none other than California.

A luxurious seven-bedroom mansion in Malibu, that will have you thinking you’re in Santorini with its dazzling sunsets, has gone on the market with a tiny catch.

Potential buyers will only be able to stay in the $US17.85 million ($25.69 million) property for up to 44 nights a year, with it being available for just a one-eighth ownership.

This means, future owners can fork out $US2.23 million ($3.21 million) for their stake.

Built in 1992 and listed by Pacaso, the palm-lined estate occupies 12,504-square-feet and contains 11 bathrooms.

Tucked away for the utmost in privacy and relaxation, two gates lead to the main residence and guest house.

Standout features in the fully furnished abode include a volleyball court, a wine cellar, theatre, bar and game room.

There’s also an office, library, gym, pool, spa and walking paths on offer.

Situated just a short stroll from Escondido Beach, the mansion boasts ocean views and is the perfect home to entertain guests.

Interiors take on a Greek resort-style aesthetic with high ceilings, whitewashed walls, timber accents and Caesarstone kitchen benchtops.

The main suite also offers a private terrace to relax and unwind after a busy day’s work.