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
25596451
Home ConditionFair
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
09/25/25
Listing
$26,500,000
08/23/18
Sold
$8,445,000
Condition Rating
Fair

The property, built in 1949, is described as a 'beautifully remodeled seaside cottage.' While the description implies a good condition, the available interior image of the current cottage (Image 3) reveals painted cinder block walls, a basic ceiling fan, and simple window treatments, which suggest a renovation that is not recent or extensive enough to meet current luxury standards. The listing primarily focuses on the development opportunity and future construction, with renderings of a new, modern home (Images 1 & 2), implying the existing structure is secondary. The lack of current kitchen and bathroom photos further suggests these areas, while likely functional, are not highlights and may be outdated in style and features. The current cottage is aged but appears maintained, fitting the 'Fair' criteria of being functional but showing signs of being outdated and potentially requiring minor updates to meet modern expectations, especially for a property of this caliber and price point.
Pros & Cons

Pros

Pre-Approved Development Potential: The property includes an active Coastal Development Permit and fully executed construction plans for a 7,000+ sqft luxury compound, significantly de-risking and accelerating the development process.
Unrivaled Location & Views: Situated on Zumirez Drive, one of Point Dume's most coveted addresses, offering breathtaking whitewater, ocean, coastline, and city light views.
Exclusive Private Beach Access: Direct access to a private beach just steps away, complemented by coveted Riviera One rights for unmatched access to Malibu's most exclusive private beach.
Generous Estate Size: A remarkable 1.34-acre estate (58,199 sqft) provides ample space for a sprawling luxury compound with extensive amenities.
Renowned Design Team: The included plans are by a visionary design team, featuring architecture and interiors by Warren Garrett and landscape design by the acclaimed Girvin & Associates.

Cons

Significant Additional Investment Required: The current structure is a modest cottage, and the property's value is primarily in its development potential, requiring substantial additional capital for construction of the proposed luxury compound.
High Entry Price for Undeveloped Potential: The $26.5 million list price is for the land and permits, not a finished luxury home, limiting the buyer pool to those prepared for a multi-million dollar construction project.
Current Structure Limitations: The existing 1949 two-bedroom, one-bath cottage (1392 sqft) is significantly undersized and outdated for a property of this caliber and price point, likely requiring demolition or extensive renovation.

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