6734 Zumirez Drive, Malibu, California 90265, Malibu, 90265 - 2 bed, 1 bath

6734 Zumirez Drive, Malibu, California 90265 home-pic-0
ACTIVE$26,500,000
6734 Zumirez Drive, Malibu, California 90265
2Beds
1Bath
1,392Sqft
58,199Lot
Year Built
1949
Close
-
List price
$26.5M
Original List price
$26.5M
Price/Sqft
$19,037
HOA
-
Days on market
-
Sold On
-
MLS number
25562139
Home ConditionGood
Features
Excellent View: City Lights, Coastline, Ocean
ViewCity Lights,Coastline,Ocean

About this home

We found 3 Cons,5 Pros. Rank: price - $26.50M(94th), sqft - 1392(10th), beds - 2(11th), baths - 1(6th).

Discover the opportunity to own on Zumirez Drive, one of Point Dume's most coveted addresses. This remarkable 1.34-acre estate currently features a beautifully remodeled 1949 two-bedroom seaside cottage with breathtaking whitewater views and direct access to a private beach just steps away. Perfectly positioned for easy walks to some of California's finest surf and sands, including iconic Paradise Cove. Over the past seven years, the current owners have secured a Coastal Development Permit to transform this legacy property into an unparalleled coastal compound blending modern luxury with timeless coastal living. The active entitlement allows for the construction of over 7,000 square feet, featuring a beautifully designed five-bedroom, five-and-a-half-bath main residence with a 50-foot oceanfront pool and jacuzzi, movie theatre, spa facilities with massage rooms, cold plunge, dry sauna, and steam shower. A separate guest retreat includes an additional full bedroom and bathroom, private jacuzzi, and tranquil garden space. Ownership of this property includes coveted Riviera One rights, providing unmatched access to Malibu's most exclusive private beach. This is a rare chance to create a generational Point Dume sanctuary without enduring the lengthy and arduous permitting process. Sale includes fully executed construction plans by a visionary design team, with architecture and interiors by Warren Garrett and landscape design by the acclaimed Girvin & Associates.

Price History

Date
Event
Price
07/09/25
Listing
$26,500,000
08/23/18
Sold
$8,445,000
Condition Rating
Good

The property currently features a 1949 cottage described as 'beautifully remodeled.' While no images of the current kitchen or bathroom are provided, the term 'beautifully remodeled' suggests a move-in ready condition with updated features. The single interior image of the bedroom supports this, showing a clean, well-maintained, and updated space with modern finishes (white painted block walls, clean flooring, ceiling fan). This aligns with the 'Good' criteria of being move-in ready with no immediate renovation required. However, it's crucial to note that the primary value of this listing, at $26.5 million, is the 1.34-acre land, breathtaking views, private beach access, and the active Coastal Development Permit for a new 7,000+ square foot luxury residence. The existing cottage, despite its 'good' condition, is likely intended for demolition to make way for the approved new construction, which is depicted in the renderings and would be 'Excellent' upon completion.
Pros & Cons

Pros

Pre-Approved Development Entitlements: The property boasts active Coastal Development Permit entitlements for over 7,000 square feet of new construction, eliminating the lengthy and arduous permitting process typically associated with such projects in Malibu.
Prime Coastal Location & Exclusive Access: Situated on Zumirez Drive, one of Point Dume's most coveted addresses, offering breathtaking whitewater views, direct private beach access, and coveted Riviera One rights to Malibu's most exclusive private beach.
Included Architectural & Landscape Plans: The sale includes fully executed construction plans by a visionary design team (Warren Garrett for architecture/interiors, Girvin & Associates for landscape), providing a ready-to-build blueprint for a luxury compound.
Generous Estate Size: A remarkable 1.34-acre estate (58,199 sqft) provides ample space for the envisioned 7,000+ sqft coastal compound, including a 50-foot oceanfront pool, spa facilities, and a separate guest retreat.
Investment Opportunity for Generational Asset: This is a rare chance to create a bespoke, generational Point Dume sanctuary, offering significant long-term value appreciation in one of the world's most exclusive real estate markets.

Cons

Significant Additional Investment Required: The $26.5 million list price primarily covers the land and entitlements; the buyer will need to invest substantial additional capital for the construction of the 7,000+ square foot luxury compound.
Current Structure Disparity: The existing 1949 two-bedroom, 1,392 sqft cottage, while remodeled, does not reflect the luxury price point, indicating the property is a development play rather than a move-in ready luxury home.
Extended Timeline for Full Realization: Despite pre-approved plans, the construction of a 7,000+ sqft custom estate will require a multi-year timeline, delaying the full enjoyment and potential return on investment for the buyer.

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