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29328 Heathercliff Road, Malibu, California 90265, Malibu, 90265 - 6 bed, 6 bath

29328 Heathercliff Road, Malibu, California 90265 home-pic-0
ACTIVE$4,495,000$3,685/sqft
Est. Value: $4,693,334
4%
BelowEstimate
29328 Heathercliff Road, Malibu, California 90265
6Beds
6Baths
3,685Sqft
23,892Lot

Price Vs. Estimate

The estimated value ($4,693,334.07) is $198,334.07 (4%) higher than the list price ($4,495,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: 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.
Top Cons:
Recent Price Adjustment: The current listing price of $4.495M is lower than the last recorded sale price of $4.75M in January 2024, which could indicate a market correction or a need for a quicker sale.

Compared to the nearby listings

Price:$4.50M vs avg $4.35M (+$145,000)52%
Size:3,685 sqft vs avg 2,744 sqft68%
Price/sqft:$1.2K vs avg $1.3K46%

More Insights

Built in 1989 (37 years old).
Condition: Built in 1989, this property presents a mixed condition. While many areas, including the living spaces, several secondary bathrooms, and the guest suite, show evidence of recent, modern updates (e.g., new flooring, contemporary vanities, and fixtures), the main kitchen and primary bathroom retain significantly dated features. The main kitchen has tile countertops, tile flooring, and a tile backsplash with an accent line, along with traditional white cabinets. Similarly, the primary bathroom features tile countertops, a tiled built-in tub, and a tiled shower surround. These key areas would require substantial renovation to meet current luxury standards and buyer expectations, preventing an overall 'Good' rating despite the well-maintained and updated portions of the home.
Year Built
1989
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$1,220
HOA
-
Days on market
-
Sold On
-
MLS number
26637231
Home ConditionFair
Features
Good View:
Deck
Patio
View

About this home

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 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.

E
Eric Haskell
Listing Agent

Price History

Date
Event
Price
01/31/24
Sold
$4,750,000
05/10/16
Sold
$2,600,000
04/08/11
Sold
$1,650,000
Condition Rating
Fair
Built in 1989, this property presents a mixed condition. While many areas, including the living spaces, several secondary bathrooms, and the guest suite, show evidence of recent, modern updates (e.g., new flooring, contemporary vanities, and fixtures), the main kitchen and primary bathroom retain significantly dated features. The main kitchen has tile countertops, tile flooring, and a tile backsplash with an accent line, along with traditional white cabinets. Similarly, the primary bathroom features tile countertops, a tiled built-in tub, and a tiled shower surround. These key areas would require substantial renovation to meet current luxury standards and buyer expectations, preventing an overall 'Good' rating despite the well-maintained and updated portions of the home.
Pros & Cons

Pros

High Available Lot Utilization: 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.
Income-Generating Guest Suite: A separate one-bedroom, one-bath guest suite with a full kitchen and private entrance is currently leased at $4,000/month, offering a valuable income stream or flexible living for extended family.
Expansive & Versatile Outdoor Space: Features an oversized, sun-drenched backyard with an expansive grassy lawn, ideal for entertaining, recreation, or future pool development, all on a generous 23,892 sqft lot.
Premium Malibu Location & Privacy: Situated behind private gates in highly desirable Malibu, offering exclusivity and convenience being 'moments from the coast'.
Flexible Auxiliary Structures: Includes a detached gym/additional garage that opens to the yard, a separate storage structure, and raised vegetable garden beds, providing versatile spaces for hobbies, fitness, or extra storage.
Luxurious Interior Appointments: Boasts a large chef's kitchen designed for gathering and a luxurious primary suite complete with a wood-burning fireplace and dual walk-in closets.

Cons

Recent Price Adjustment: The current listing price of $4.495M is lower than the last recorded sale price of $4.75M in January 2024, which could indicate a market correction or a need for a quicker sale.
Property Age & Potential for Updates: Built in 1989, while described as contemporary, the property may require updates to certain systems or aesthetics to meet the expectations of some luxury buyers for modern amenities and finishes.
Unspecified View Quality: Although 'has_view: true' is noted and it's 'moments from the coast,' the description does not explicitly detail panoramic ocean or significant scenic views, which can be a highly sought-after premium in the Malibu market.
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