
Malibu, California 90265
Analysis of 29029 Cliffside Drive, Malibu, California 90265 is currently available with a list price of $6,495,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 land value only, full reconstruction required.
Built in 1951 and on the market for the first time in 60 years, the interior has been stripped to the studs, making it unlivable. The listing explicitly focuses on the land value and the opportunity to build a new estate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 49350, living area = 2282.
Situated on the prestigious Cliffside Drive in Point Dume, the property includes a coveted Riviera 3 beach key, offering exclusive access to one of Malibu’s most private and desirable coastal stretches.
Spanning approximately 1.13 acres, this expansive lot provides a rare canvas to create a world-class estate with the potential to capture enhanced panoramic ocean views via a second-story addition.
The existing structure has been stripped to the studs, meaning the property is currently uninhabitable and requires a complete interior build-out or total redevelopment.
Beyond the multi-million dollar acquisition cost, buyers must budget for substantial construction and landscaping expenses to bring the property up to the standards of a modern Malibu estate.
Beach Key to RIVIERA 3 and first time on the market in over 60 years! This exceptional Point Dume property presents a rare opportunity to create a world-class Malibu estate on one of the neighborhood's most coveted streets. Set on approximately 1.13 acres of lush, verdant grounds, the property sits along prestigious Cliffside Drive, a location known for commanding some of Malibu's highest estate prices. The property offers ocean views from the main level, with the potential for a future second story that could capture even more expansive ocean views. An original single-level ranch-style home currently sits on the site. While the interior has been taken down to the studs, the structure retains its classic charm and is surrounded by mature landscaping that frames both the welcoming entry yard and expansive rear grounds. Whether thoughtfully restored or reimagined as a new estate, this property represents a remarkable opportunity to secure a premier Cliffside Drive address in one of Malibu's most sought-after coastal neighborhoods. Opportunities of this scale, location, and view potential rarely come to market at this price point.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.3 |
| Baths | 3.0 | 3.7 |
| Square foot | 2,282 | 2,959.4 |
| Lot Size | 49,350 | 37,912.886 |
| Price | $6.50M | $4.17M |
| Price per sq ft | $2.8K | $1.3K |
| Built year | 1951 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 33 | 102 |
Aug 7, 2026
$6,495,000
Initial Listing