
Malibu, California 90265
Analysis of 29135 Cliffside Drive, Malibu, California 90265 is currently available with a list price of $9,950,000. 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 1954 and currently undergoing a total transformation; aerial photography shows the site is a dirt lot/construction zone, rendering the original structure unlivable and the value primarily in the land and development plans.
Situated on the prestigious Cliffside Drive in Point Dume, this property offers an elite address with immediate proximity to Big Dume Beach and the Pt. Dume Headlands Natural Reserve.
The expansive 1.2-acre lot provides a rare opportunity to construct a second ocean-view residence with its own dedicated driveway, offering massive value-add potential for investors or multi-generational buyers.
The property features high-end recreational and aesthetic elements, including a private pickleball court and a resort-style entry with a reflective water feature and step bridge.
As the home is currently undergoing a major renovation, buyers must navigate the complexities and timelines of active construction rather than moving into a finished product.
For a nearly $10 million price point on over an acre of land, the current three-bedroom configuration may be considered limited for buyers seeking a larger family estate.
Currently undergoing a transformation, this ocean view property will include a beautifully detailed modern one-story Pt. Dume home on approx. 1.2 superb acres, all within a short distance to Big Dume Beach and the Pt Dume Headlands Natural Reserve. The gated driveway passes by a pickleball court to a parking area for guests. From there one passes an entry pool or reflective water feature with a step bridge leading to the front door. The entry design transforms a standard entryway into a resort-style experience, utilizing custom walkways, romantic lighting, and landscaping to welcome guests over the water to the home. With an abundance of natural light, there are walls of glass throughout the living and dining areas. A modern kitchen with breakfast area opens to the extensive backyard. The bedroom wing shares a full bath area with a spa tub, shower and custom bathroom features. Carefully designed landscaping graces both the entry yard and rear grounds. This remarkable opportunity for a highly desirable Cliffside Drive address and premier location rarely comes along at this price. There is significant potential to build a second ocean view residence accessed through its own driveway to the rear of the property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.3 |
| Baths | 3.0 | 3.7 |
| Square foot | - | 2,959.4 |
| Lot Size | 52,455 | 37,912.886 |
| Price | $9.95M | $4.17M |
| Price per sq ft | $0 | $1.3K |
| Built year | 1954 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 19 | 102 |
Aug 21, 2026
$9,950,000
Initial Listing
Mar 27, 2025
$5,600,000
Public Record