
Malibu, California 90265
Analysis of 28824 Cliffside Drive, Malibu, California 90265 is currently available with a list price of $90,000,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Malibu Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1991, the property is 35 years old, exceeding the 30-year threshold for original systems and finishes. The listing's explicit invitation to 'reimagine' or 'transform' the residence, combined with the dated 90s-era architectural details, indicates that a major rehab is required to meet modern luxury standards.
Constructed prior to current restrictive coastal regulations, the estate offers a massive 17,700 square foot footprint and architectural volume that would be virtually impossible to replicate under today's height and building limitations.
The property includes a coveted Riviera III Beach Key, providing private, gated entry to one of Point Dume’s most prestigious and sought-after stretches of coastline.
The blufftop setting features a dramatic oceanfront pavilion, resort-caliber pool, and expansive terraces that maximize panoramic Pacific views, creating a world-class venue for entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 9, other record bedroom count = 8.
The listing indicates a rare opportunity to 'reimagine' or 'refine' the residence, suggesting that the 1991 interiors may require a significant capital investment to align with modern ultra-luxury design standards.
With over 27,000 square feet of total structure including a massive subterranean garage, the property entails substantial ongoing maintenance, staffing, and utility costs inherent to an estate of this magnitude.
Encompassing approximately 17,700 square feet, with an additional subterranean garage of roughly 9,500 square feet, the residence offers a volume and architectural envelope seldom found along the California coastline. Constructed prior to today's far more restrictive coastal regulations and height limitations, the estate possesses a level of scale, presence, and spatial grandeur that would be extraordinarily difficult, if not impossible, to duplicate today. Ownership includes coveted Riviera III Beach Key access, providing entry to one of Point Dume's most sought-after stretches of coastline. Grand yet inviting, the interiors are defined by soaring ceilings, expansive entertaining spaces, and walls of glass that frame sweeping ocean vistas from nearly every principal room. The home's remarkable proportions create an exceptional sense of openness while providing a rare opportunity for a future owner to reimagine, refine, or transform the residence according to their own vision. The scale and infrastructure already in place offer a foundation capable of accommodating virtually any design direction or lifestyle concept. Outside, a series of expansive terraces unfold toward the Pacific, creating an unparalleled setting for entertaining and everyday living alike. A resort-caliber pool and spa overlook the ocean, while multiple gathering areas, mature landscaping, and curated outdoor environments take full advantage of the property's commanding blufftop setting. A defining architectural feature of the estate is its dramatic oceanfront pavilion. Positioned at the edge of the property and framed by classical columns against an endless horizon, it serves as both a striking visual landmark and an unforgettable venue for entertaining above the water. Beyond its beauty, what distinguishes this offering is its rarity. Opportunities to acquire an oceanfront estate of this scale, with this degree of privacy, land, volume, and existing entitlements, have become increasingly scarce. More than a residence, it is a legacy property, one whose size, stature, Riviera III Beach Key access, and relationship to the coastline represent an asset unlikely to be replicated for generations to come.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 9.0 | 5.0 |
| Baths | 15.0 | 4.0 |
| Square foot | 17,701 | 3,173 |
| Lot Size | 50,320 | 32,846 |
| Price | $90.00M | $4.62M |
| Price per sq ft | $5.1K | $1.4K |
| Built year | 1991 | 1976 |
| HOA | $0 | $2.0K |
| Days on market | 28 | 103 |
Jun 24, 2026
$90,000,000
Initial Listing