Analysis of 6734 Zumirez Drive, Malibu, California 90265 is currently available with a list price of $19,450,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Malibu Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1949, the structure exceeds the 20-year age criteria for Fair; while 'beautifully restored' and 'effortlessly livable,' it is a modest cottage being sold primarily for its land value and approved permits for a new estate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 58199, living area = 1392.
The property includes nearly a decade of secured California Coastal Commission and city approvals (CDP Permit No. 20-068), allowing the buyer to bypass the most complex and time-consuming hurdles of Malibu development.
Features a rare private pathway directly to the sand plus ownership in Malibu Riviera One, providing exclusive drive-up beach access and parking—a luxury found on only a select few Point Dume properties.
The $19.45M list price covers the land and permits; the buyer must still undertake and fund a massive, multi-year construction project to realize the property's full value.
The current 1949 cottage is modest with only two bedrooms and one bath, serving more as a temporary residence or weekend retreat rather than a permanent luxury home in its current state.
At 6734 Zumirez, the most valuable investment has already been made: time. Nearly a decade in the making, the vision for this new residence has advanced through architecture, engineering, environmental studies, California Coastal Commission approvals (CDP Permit No. 20-068), city planning, and countless refinements - transforming years of complexity, uncertainty, and investment into a singular opportunity. The project is in the final approval stage with the City of Malibu building department and construction is tentatively scheduled to begin in the fall. While that work quietly unfolded, the property remained exactly what Point Dume has always been: an authentic coastal retreat that you can enjoy from day one. Before the building begins and the architecture evolves, the property is already a place to live, gather, and experience everything that has made Point Dume one of Malibu's most treasured enclaves. The beautifully restored 1949 cottage offers two bedrooms, one bath, and expansive ocean views from nearly every room. Filled with natural light and opening to generous decks overlooking the Pacific, it captures the quiet simplicity that first defined coastal Malibu. The existing home is warm, inviting, and effortlessly livable - a place to spend weekends by the beach, gather family and friends, and embrace the slower rhythm that has defined this stretch of coastline for generations. Enjoy it exactly as it exists today or begin creating the future estate when the time is right. The difficult part...the years spent navigating approvals, revisions, and entitlements has already been accomplished. The architecture can be built. The investment can be made. But the years required to arrive here cannot be bought. The CDP approved new residence consists of approximately 7,303 square feet, an additional 986 square foot basement, 5 bedrooms, 5.5 bathrooms, 50 foot oceanside pool and jacuzzi, movie theatre, spa facilities with massage room, cold plunge, dry sauna and steam shower; a separate guest retreat with an additional bedroom and bathroom, private jacuzzi and tranquil garden space. Warm and natural materials are planned for the construction with every wall, every proportion, every transition, and every framed view thoughtfully refined. Nothing was incidental. Every decision served a singular purpose: to create a residence whose architecture feels as relevant decades from now as it does today. Every decision was ultimately guided by one simple belief: Architecture should not compete with nature. It should reveal it. While many Malibu homes are designed to admire the ocean from afar, the new residence is designed to live with it, where the coastline becomes an extension of home. A private pathway leads directly from the property to the sand, allowing you to leave home and arrive at the beach in moments...this way of living becomes a natural extension of your everyday routine. Included with the property is also ownership in the highly coveted Malibu Riviera One, a private beachfront parcel owned collectively by Zumirez homeowners. Beyond its privacy and exclusivity, it transforms a day at the beach into an effortless experience, being the only gate in Point Dume with drive-up access, parking just steps from the sand. The true luxury isn't simply private ownership, it's removing the effort between home and the ocean. Together, the private pathway directly from the home itself and ownership of Malibu Riviera One create an experience found on only a select handful of Point Dume properties.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.3 |
| Baths | 1.0 | 3.7 |
| Square foot | 1,392 | 2,959.4 |
| Lot Size | 58,199 | 37,912.886 |
| Price | $19.45M | $4.17M |
| Price per sq ft | $14.0K | $1.3K |
| Built year | 1949 | 1977 |
| HOA | $0 | $1.3K |
| Days on market | 62 | 102 |
Jul 9, 2026
$19,450,000
Initial Listing
Aug 23, 2018
$8,445,000
Public Record