
Malibu, California 90265
This Newly Updated Ocean-View Townhome represents a Strong Value Opportunity, listed at $2,420,000—positioned well below the $2,660,241 Fair Market Value by 9%. This valuation gap offers $240,241 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, the home boasts Sweeping Ocean and Mountain Views, a private patio, and exclusive Riviera III Beach Rights. This turnkey property is an ideal acquisition for Owner-Occupants seeking a coastal sanctuary or Sophisticated Investors targeting high-demand Malibu real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29221 Heathercliff Road 13 Subject | $2,420,000* List Price | 2 | 3 | 1,530 | $1,739 | - |
A 6768 Shearwater Lane 73 Sold | $2,400,000 | 2 | 3 | 1,320 | $1,818 | 0.6 mi |
B 29239 Heathercliff Road 12 Active | $1,950,000 List Price | 2 | 2 | 1,053 | $1,852 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property is listed as 'newly updated' and presents in mint condition. Visuals confirm modern wide-plank flooring, fresh paint, updated lighting, and vaulted beamed ceilings. The interior appears to have undergone a comprehensive renovation within the last 5 years, making it move-in ready with no immediate maintenance required.
The property includes coveted Riviera III beach rights to Little Dume, providing private access to one of Malibu's most secluded and desirable sandy beaches.
Situated in the outermost row of a gated complex, this townhome offers unobstructed, sweeping views of the mountains and the ocean from Zuma to Buzzards Roost.
The home features high beamed ceilings and a large loft that provides flexible space for an office, media room, or a potential conversion into a third bedroom.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43536, other record lot size in square feet = 43480.
The monthly association fee of $900 is significant and adds a substantial recurring cost to the property's ownership.
At a price point of $2.42M, having only two dedicated bedrooms may limit the property's appeal to larger families or buyers seeking more traditional guest space.
Newly updated ocean-view townhome with coveted Riviera III beach rights to Little Dume, the most private and idyllic sandy beach in all of Malibu! Situated in the outermost row of a gated complex, this rare property offers a gateway to the quintessential coastal lifestyle with sweeping mountain and ocean views. Inside, the home is flooded with natural light by an abundance of large skylights and offers a casual layout with exceptionally large square footage. The living room features high beamed ceilings, oversized windows with mountain views, and an Italian fireplace. The kitchen flows to a dining area and out onto a private sun-drenched patio, with endless views from Zuma to Buzzards Roost and beyond. Upstairs, the primary suite offers soaring ceilings with a private balcony, en-suite bathroom, and updated walk-in closet. The second bedroom features peaceful views and there is an additional full bathroom, entry level powder room, and a large loft that could be used as an office, media room, or converted to a third bedroom. An attached two-car garage offers ample storage and a washer/dryer. Point Dume is one of Malibu's most iconic locations, and this townhome is ideally situated next to the shops and restaurants at Point Dume Village. Take your golf cart to Little Dume and enjoy the finest beach that Malibu has to offer, with sandy coves making it a private paradise.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,530 | 1,137.5 |
| Lot Size | 43,536 | 39,611 |
| Price | $2.42M | $1.45M |
| Price per sq ft | $1.6K | $1.3K |
| Built year | 1980 | 1975 |
| HOA | $900.0 | $1.1K |
| Days on market | 36 | 82 |
Jun 16, 2026
$2,420,000
Initial Listing
Dec 1, 1994
$318,000
Public Record