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28820 Cliffside Drive, Malibu, California 90265, Malibu, 90265 - 4 bed, 7 bath

28820 Cliffside Drive, Malibu, California 90265 home-pic-0
ACTIVE$44,000,000
28820 Cliffside Drive, Malibu, California 90265
4Beds
7Baths
8,632Sqft
59,578Lot

Price Vs. Estimate

The estimated value ($44,000,000) is $0 (0%) lower than the list price ($44,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 59578, living area = 8632.
Top Cons:
Development Project, Not a Finished Home: The property is a 'shovel ready' lot with permits, meaning the buyer is acquiring a development opportunity and must still undertake the substantial cost, time, and management of constructing the proposed 8,632 SQFT estate.

Compared to the nearby listings

Price:$44.00M vs avg $4.44M (+$39,562,500)96%
Size:8,632 sqft vs avg 2,813 sqft94%
Price/sqft:$5.1K vs avg $1.3K93%

More Insights

Condition: This property is a 'shovel-ready' development opportunity for a brand new, high-end, modern estate. The listing explicitly states it's a 'landmark development opportunity' with a 'Coastal Development Permit' and 'geologically engineered and permitted piles have been installed.' The images are architectural renderings of the proposed 8,632 SQFT estate, designed by XTEN architecture, showcasing a contemporary, luxurious design with state-of-the-art features. While there is no existing structure to assess for current kitchen and bathroom conditions, the property is being sold with the intent and plans for a newly built, top-tier residence, which, upon completion, would meet and exceed 'excellent' criteria for quality, style, and features.
Year Built
Close
-
List price
$44M
Original List price
$44M
Price/Sqft
$5,097
HOA
$1,500
Days on market
-
Sold On
-
MLS number
25574863
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Ocean, Water
Pool
Patio
ViewCity Lights,Coastline,Ocean,Water

About this home

Located in Malibu and the highly desirable enclave of Pt Dume is May's Landing, a landmark development opportunity set at the end of a beautiful and lavish cul-de-sac on Cliffside Drive. Property recently received a Coastal Development Permit from the City of Malibu. This magnificent bluff site features over 1.4 acres with 237 feet of wrap-around ocean view frontage and just 50 steps to a private gate accessing Little Dume beach, the most exclusive beach in all of Malibu, home to world class surfing. Designed by renowned XTEN architecture is an impressive light filled modern designed estate containing a living space of approximately 8,632 SQFT, including four bedrooms, seven baths with a fitness and wellness floor. The grounds are gated and designed by Ground Studio Landscape Architecture featuring a tree lined driveway, beautiful outdoor entertaining areas and a handsome pool overlooking the ocean and the Queen's necklace at night. Geologically engineered and permitted piles have been installed along the bluff edge. What has taken over a decade to entitle will be delivered shovel ready and one of the most exciting opportunities in Malibu today.

Condition Rating
Excellent
This property is a 'shovel-ready' development opportunity for a brand new, high-end, modern estate. The listing explicitly states it's a 'landmark development opportunity' with a 'Coastal Development Permit' and 'geologically engineered and permitted piles have been installed.' The images are architectural renderings of the proposed 8,632 SQFT estate, designed by XTEN architecture, showcasing a contemporary, luxurious design with state-of-the-art features. While there is no existing structure to assess for current kitchen and bathroom conditions, the property is being sold with the intent and plans for a newly built, top-tier residence, which, upon completion, would meet and exceed 'excellent' criteria for quality, style, and features.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 59578, living area = 8632.
Prime Coastal Location: Situated in the highly desirable and exclusive Pt Dume enclave of Malibu, at the end of a lavish cul-de-sac on Cliffside Drive, offering unparalleled privacy and prestige.
Shovel-Ready Development Opportunity: The property is delivered 'shovel ready' with a Coastal Development Permit from the City of Malibu, saving the buyer over a decade of entitlement efforts and expediting the construction process.
Exceptional Ocean Frontage & Beach Access: Boasts 237 feet of wrap-around ocean view frontage on a magnificent bluff site, with private access (50 steps) to Little Dume beach, known for its exclusivity and world-class surfing.
Pre-Engineered & Designed for Luxury: Features geologically engineered and permitted piles along the bluff edge, and comes with plans for an 8,632 SQFT modern estate by renowned XTEN architecture and grounds by Ground Studio Landscape Architecture.
Panoramic Ocean Views: Offers expansive ocean views, including the Queen's necklace at night, from a 1.4-acre bluff site, ensuring breathtaking vistas and a serene environment.

Cons

Development Project, Not a Finished Home: The property is a 'shovel ready' lot with permits, meaning the buyer is acquiring a development opportunity and must still undertake the substantial cost, time, and management of constructing the proposed 8,632 SQFT estate.
Ultra-Luxury Price Point: The $44 million list price targets an extremely niche market, significantly limiting the pool of potential buyers to ultra-high-net-worth individuals.
Complexity of Construction Management: Despite being permitted, the buyer will still face the inherent complexities, potential delays, and significant financial commitment involved in managing the construction of a custom, large-scale luxury residence.

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