
Malibu, California 90265
This Stunning Blufftop Estate represents a Prime Investment Opportunity, listed at $34,999,000—positioned well below the $35,875,094 Fair Market Value by 2%. This valuation gap offers $876,094 in Instant Equity. Featuring a Condition Rating of 3, the residence offers a Chef's Kitchen, Private Beach Rights, and a Resort-Style Pool. With over 100 feet of Panoramic Ocean Frontage, this property is an ideal acquisition for Luxury Real Estate Investors or High-Net-Worth Owner-Occupants seeking a trophy Malibu sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29000 Cliffside Drive Subject | $34,999,000* List Price | 5 | 6 | 5,848 | $6,135 | - |
A 28827 Grayfox Street Active | $32,500,000 List Price | 6 | 7 | 6,564 | $4,951 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1975, the property has undergone a high-end renovation that appears to be in the 5-15 year range. The kitchen is well-maintained with top-of-the-line Viking appliances and dual islands, and the primary suite features a lavish spa-bath. While the estate is in mint condition and move-in ready, the specific aesthetic of the cabinetry and flooring suggests it does not meet the <5 year renovation threshold for 'Excellent' based on the provided criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46608, living area = 5848.
The property includes coveted deeded rights to Little Dume/Riviera III beach, providing private access to one of Malibu's most restricted and prestigious stretches of coastline.
Situated on over an acre with more than 100 feet of view frontage, the estate offers unobstructed panoramic vistas of the Pacific Ocean, Catalina Island, and the Queen’s Necklace lights.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =46608, other record lot size in square feet = 46680.
Built in 1975, the home's traditional aesthetic and interior details like wainscoting may feel dated to buyers seeking the ultra-modern glass architecture prevalent in today's luxury Malibu market.
With a list price near $35 million for approximately 5,848 square feet, the property carries a significant premium that may require a specific buyer looking for land value and location over interior volume.
Experience palatial elegance and abundant natural light in this stunning Cliffside Drive estate, offering breathtaking ocean, island, and coastline views. Perched above Dume Cove, this remarkable property includes deeded beach rights to the exclusive Little Dume/Riviera III beach, ensuring private access to one of the area's most coveted stretches of sand. Set behind beautiful gates on over an acre of majestic blufftop, the residence boasts over 100 feet of view frontage. Designed for unforgettable entertaining and unparalleled comfort, this single-level home is a masterpiece of luxury and sophistication. Spacious rooms are adorned with exquisite details, including magnificent glass entry doors, multiple skylights and fireplaces, elegant moldings, and wainscoting. The residence offers generous built-in cabinets and storage, ensuring both style and functionality. The seamless indoor-outdoor flow leads to dramatic terraced patios that provide panoramic sunrise-to-sunset views, creating an ideal setting for recreation, al fresco dining, and gatherings large and small. The ocean-view kitchen is a chef's dream, featuring a vast skylight that bathes the space in natural light, top-of-the-line appliances, and dual islands that offer ample preparation and serving space. Just outside, an all-season ocean-view dining patio is complete with a barbecue and a massive stone table, perfect for hosting memorable meals with family and friends. Additional highlights include a covered outdoor living room and a blufftop dining patio, perfectly situated for sunset dinners as the lights of the Queen's Necklace twinkle on the horizon. The property also features a lovely swimming pool and spa with a surrounding lounging deck, set against a backdrop of perfectly manicured landscaping that enhances the home's serene and private ambiance. The bedrooms are equally impressive, with the primary suite offering a luxurious retreat from the world. This getaway-from-it-all space opens onto the poolside patio and features a cozy fireplace sitting area, a lavish spa-bath, and a walk-in custom closet, providing an oasis of comfort and relaxation. Relax, entertain, and enjoy the many pleasures of Point Dume living in this impressive and harmonious home, where every detail is designed to offer a lifestyle of luxury and tranquility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.3 |
| Baths | 6.0 | 3.7 |
| Square foot | 5,848 | 2,959.4 |
| Lot Size | 46,608 | 37,912.886 |
| Price | $35.00M | $4.17M |
| Price per sq ft | $6.0K | $1.3K |
| Built year | 1975 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 12 | 102 |
Aug 28, 2026
$34,999,000
Initial Listing