29328 Heathercliff Road, Malibu, California 90265, Malibu, 90265 - 6 bed, 6 bath
Loading property details...
Malibu, California 90265
This Contemporary Coastal Income-Generating Estate is a Strategic Hybrid Acquisition listed at $4,175,000—positioned below the $4,235,199 Fair Market Value by 1%. This entry point secures $60,199 in Instant Equity. Boasting a recently remodeled chef’s kitchen and a Condition Rating of 3, the residence features a leased guest suite generating $4,000/month in passive income. Situated on a gated 0.54-acre lot with a detached gym, the property offers immediate cash flow and long-term appreciation. It is perfectly suited for Owner-Occupants or Lifestyle Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29328 Heathercliff Road Subject | $4,175,000* List Price | 6 | 6 | 3,685 | $1,149 | - |
A 6900 Dume Drive Sold | $4,819,375 | 4 | 5 | 4,256 | $1,132 | 0.5 mi |
B 28907 Wight Road Active | $5,200,000 List Price | 4 | 4 | 4,260 | $1,221 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 1989 and has been well-maintained with a 'recently remodeled' kitchen and primary bath. While the kitchen cabinets appear to be high-quality painted originals rather than a full gut-renovation, the addition of modern countertops, gold fixtures, and updated flooring makes the home move-in ready and functional, fitting the 5-15 year renovation profile.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23892, living area = 3685.
The property includes a separate, fully-equipped one-bedroom guest suite currently leased at $4,000/month, providing a significant immediate income stream or versatile space for extended family.
Key areas including the chef's kitchen, primary bath, and powder room have been recently remodeled with high-end finishes, offering a contemporary aesthetic and reducing the need for immediate renovation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The property has seen a recent price reduction from $4.495M to $4.175M and previously sold for $4.75M in early 2024, which may indicate a challenging market position or fluctuating valuation.
While key rooms are remodeled, the 1989 construction suggests that core systems and non-remodeled areas may soon require maintenance or updates to meet modern luxury standards.
Tucked behind private gates, this contemporary coastal residence blends refined indoor-outdoor living with exceptional space and flexibility. At its heart lies a sun-drenched, oversized backyard an expansive grassy lawn perfect for entertaining, play, or future pool plans. Raised vegetable garden beds and a detached storage structure add charm and function, while a separate gym/additional garage that opens to the yard offers the perfect setup for workouts, creative pursuits, or extra storage. The five-bedroom, five-bath main residence is filled with natural light, featuring generous living and family rooms and a large chef's kitchen designed for gathering and connection. The kitchen, primary bath, and powder bath have been recently remodeled, adding modern style and elevated finishes throughout. The luxurious primary suite is a private retreat, featuring a wood-burning fireplace and dual walk-in closets. A separate one-bedroom, one-bath guest suite complete with a full kitchen and private entrance is currently leased at $4,000/month, offering a valuable income stream or a turnkey space for extended family or visitors. Thoughtfully designed for comfort, lifestyle, and future potential, this rare offering is moments from the coast and ideal for those seeking space, privacy, and ease.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 86% |
| Baths | 6.0 | 4.0 | 77% |
| Square foot | 3,685 | 3,190 | 60% |
| Lot Size | 23,892 | 25,853.5 | 47% |
| Price | $4.17M | $4.58M | 44% |
| Price per sq ft | $1.1K | $1.3K | 40% |
| Built year | 1989 | 1980 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 212 | 11% |
Apr 23, 2026
$4,175,000
$4,495,000
-7% Price Drop
Initial Listing
Mar 26, 2026
$4,495,000
Initial Listing
Jan 31, 2024
$4,750,000
Public Record
May 10, 2016
$2,600,000
Public Record
Apr 8, 2011
$1,650,000
Public Record