
Malibu, California 90265
Analysis of 28980 Cliffside Drive, Malibu, California 90265 is currently available with a list price of $28,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1973, this 51-year-old estate is well-maintained but features dated architectural elements and artistic finishes consistent with a renovation older than 20 years. While functional and move-in ready, the kitchen and systems likely require modernization to meet current luxury standards.
Situated on an iconic Point Dume bluff with over an acre of land, the estate includes coveted Riviera III beach keys and a rare, expansive oceanfront lawn that is uncommon for the area.
Long associated with legendary musician Frank Zappa, the property carries a remarkable historical and artistic legacy that adds significant prestige and unique market appeal.
The gated estate features a massive motor court for a dozen vehicles and a rare separate service entrance, providing superior privacy and logistical convenience for staff and high-profile residents.
Built in 1973, the residence likely requires significant capital investment for modernization or a complete rebuild to align with contemporary luxury standards at this price point.
At under 4,000 square feet with only four bathrooms for five to six bedrooms, the interior footprint and bed-to-bath ratio are modest relative to the $28.5M valuation.
Some of Point Dume's most extraordinary properties are defined by their setting. Others by their history. This iconic blufftop estate is distinguished by both, carrying a remarkable artistic legacy all its own.Set behind private gates on over one acre, the property offers exceptional privacy, breathtaking coastline views, and coveted Riviera III beach keys. A generous motor court accommodates approximately a dozen guest vehicles, while a separate service entrance provides rare convenience for staff and estate operations, an exceptional amenity in one of Malibu's most treasured enclaves.The residence features six bedrooms, including four on the main level, a secluded primary suite, and separate guest or staff accommodations. A private ocean view office perched above the home offers an inspiring space for work . The floor plan is thoughtfully arranged for both privacy and effortless living.Mature trees and professionally landscaped gardens create a serene setting, where a Moorish fountain gently cascades into the spa beside a tranquil lily pond. An expansive oceanfront lawn, an uncommon feature along Malibu's blufftop coastline provides an extraordinary setting for entertaining, recreation, or simply taking in the panoramic views.Inside, soaring beamed ceilings and expansive walls of glass fill the principal living spaces with natural light while framing sweeping ocean views.Long associated with the legendary Frank Zappa, the estate reflects a remarkable artistic provenance while offering an extraordinary opportunity to own one of Point Dume's truly iconic coastal residences.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.3 |
| Baths | 7.0 | 3.7 |
| Square foot | 4,200 | 2,959.4 |
| Lot Size | 49,070 | 37,912.886 |
| Price | $28.50M | $4.17M |
| Price per sq ft | $6.8K | $1.3K |
| Built year | 1973 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 57 | 102 |
Jul 14, 2026
$28,500,000
Initial Listing
Aug 22, 2013
$9,608,596
Public Record
Apr 4, 2003
$5,800,000
Public Record