
Malibu, California 90265
This Stunning Coastal Estate represents a Prime Investment Opportunity, listed at a List Price of $12,450,000—positioned well below the $12,751,287 Fair Market Value by 2%. This valuation gap offers $301,287 in Instant Equity. Featuring a Condition Rating of 2, the home boasts high-end organic finishes, a pool and spa, and panoramic ocean views. Located in the prestigious Point Dume district near top-tier schools, this property is an ideal acquisition for Luxury Homebuyers or Discerning Investors seeking a turnkey, high-status coastal sanctuary.
Luxury Point Dume estate in Malibu. 4,800 sqft home with panoramic ocean views, pool, and high-end finishes. Priced below market value for instant equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29329 Bluewater Road Subject | $12,450,000* List Price | 4 | 5 | 4,800 | $2,657 | - |
A 6509 Wandermere Road Active | $8,950,000 List Price | 4 | 6 | 4,453 | $2,010 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1988, the property has undergone a comprehensive high-end renovation within the last few years, evidenced by the significant price increase since 2024. The interior features mint-condition organic finishes, including fine oak cabinetry, Travertine stone, and modern floor-to-ceiling glass systems. The kitchen and living areas are ultra-modern, and the exterior Ipe decking and pool area are in pristine condition, requiring no maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 48482, living area = 4800.
Situated in the highly coveted Point Dume epicenter, the property offers unparalleled access to legendary surf breaks, hiking trails, and top-rated schools like Malibu Elementary.
Spanning over an acre of land, this estate provides a rare level of privacy and breathing room that is increasingly difficult to find in the Malibu coastal market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4800, other record living area = 4251.
The property was sold for $4.5M in mid-2024 and is now listed at $12.45M; such a significant price jump in a short period may invite intense scrutiny regarding the value of recent upgrades.
Originally built in 1988, the core structure may lack the modern energy efficiencies and integrated smart-home technologies found in newer luxury builds within this price tier.
The Bluewater Estate. Point Dume is the epicenter of the ultimate Malibu lifestyle. Home to some of the best surfing, hiking, biking and family beach culture in the country, this is where artists, creatives and titans of industry come to build families and memories that will last an eternity. Just blocks from legendary surf breaks, Point Dume Village, and some of Malibu's most beautiful beaches, life here is equal parts freedom, privacy and effortless sophistication. Close to Malibu Elementary, one of the most funded public schools in the nation, and Malibu High with it's $200M renovation. Set on over an acre with panoramic ocean and mountain views, 29329 Bluewater Road captures everything that makes Point Dume so special. Spanning approximately 4,800 square feet with 4 bedrooms and 4.5 baths, the residence blends natural materials, warm textures and refined architecture with an easy indoor-outdoor flow. Organic finishes like Travertine stone, fine oak cabinetry, and Ipe wood create a sophisticated yet relaxed atmosphere throughout the home. Generous living spaces open to expansive decks, bringing the Pacific and surrounding mountains into view from nearly every angle. Outside, the property is built for the way Malibu is meant to be lived. Long lunches in the sun. Sunset dinners beneath the gazebo. Boards by the door. Ocean air moving through the house. More than an acre of land creates rare privacy and breathing room, while the setting keeps you connected to the best of Point Dume. This is the kind of Malibu home that is becoming harder and harder to find. Beautifully designed, private, soulful and completely in tune with the coast.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.3 |
| Baths | 5.0 | 3.7 |
| Square foot | 4,800 | 2,959.4 |
| Lot Size | 48,482 | 37,912.886 |
| Price | $12.45M | $4.17M |
| Price per sq ft | $2.6K | $1.3K |
| Built year | 1988 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 12 | 102 |
Aug 28, 2026
$12,450,000
Initial Listing
Jun 26, 2024
$4,500,000
Public Record