
Malibu, California 90265
This architecturally significant residence presents a High-Potential Investment Opportunity with a List Price of $9,488,000—positioned well below the $9,913,736 Fair Market Value by 4%. This valuation gap offers $425,736 in Instant Equity. Featuring a Fair Condition Rating and Ron Goldman design, the property offers 360-degree panoramic ocean views and deeded Riviera III beach access. While the interior requires modernization, the 28,342 sqft lot provides immense potential for a custom outdoor retreat. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a trophy Point Dume estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29035 Cliffside Drive Subject | $9,488,000* List Price | 5 | 4 | 5,787 | $1,713 | - |
A 6805 Wildlife Road Active | $7,950,000 List Price | 6 | 5 | 6,119 | $1,299 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property is nearly 40 years old and appears to retain many original architectural elements. The use of virtual staging for all interior photos strongly suggests that the actual kitchen, bathrooms, and flooring are dated and in need of modern updates. Additionally, the backyard is currently unlandscaped dirt, requiring significant investment to reach its potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28342, living area = 5787.
The property includes a coveted deeded Riviera III beach key, granting private access to the pristine cove and world-renowned surf break at Little Dume.
Offers breathtaking 360-degree vistas of the Pacific Ocean and mountains with the rare benefit of legally deeded view protection in perpetuity.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The reliance on virtual staging for all interior photos suggests the 1985-built residence may require significant cosmetic updates to meet modern luxury standards.
The property currently lacks a pool, spa, and completed hardscaping, requiring the buyer to invest additional time and capital to develop the backyard retreat.
Among the finest properties offered in Malibu's coveted Point Dume neighborhood, this architecturally significant residence on Cliffside Drive presents a rare opportunity to own a home where exceptional design, enduring privacy, and breathtaking panoramic ocean views come together in one extraordinary setting. Ownership includes a coveted deeded Riviera III beach key with exclusive access to the pristine cove and world-renowned surf break at Little Dume, an amenity reserved for only a select number of Point Dume residences as well as legally deeded protection of the home's ocean views in perpetuity. Designed by renowned FAIA architect Ron Goldman, the gated estate showcases expansive walls of glass that seamlessly connect the interiors to the surrounding landscape, capturing nearly 360-degree vistas of the Pacific Ocean, mountains, city lights, Palos Verdes, Catalina Island, and spectacular sunrises and sunsets. Featuring five bedrooms, four bathrooms, generous living spaces, a dedicated office, and multiple entertainment areas, the home's remarkable scale and volume represent an opportunity unable to be reproduced under today's building restrictions. Nearly every room enjoys ocean views, while the expansive, flat backyard offers endless potential to create an exceptional outdoor retreat with gardens, patios, fountains, a pool, spa, and entertaining spaces. A private gated courtyard provides generous guest parking, enhancing the home's appeal for hosting private gatherings. Located on the ocean side of Pacific Coast Highway, Point Dume remains Malibu's most sought-after coastal enclave, offering effortless access to shopping, acclaimed schools, scenic trails, exceptional dining, and one of Southern California's most celebrated beach lifestyles. All interior photos are virtually staged. Very easy to show.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.3 |
| Baths | 4.0 | 3.7 |
| Square foot | 5,787 | 2,959.4 |
| Lot Size | 28,342 | 37,912.886 |
| Price | $9.49M | $4.17M |
| Price per sq ft | $1.6K | $1.3K |
| Built year | 1985 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 46 | 102 |
Jul 25, 2026
$9,488,000
Initial Listing
Dec 31, 2003
$2,400,000
Public Record