6900 Dume Drive, Malibu, California 90265, Malibu, 90265 - 4 bed, 5 bath
ACTIVE$5,325,000$4,256/sqft
Est. Value: $5,498,208
3%
BelowEstimate
6900 Dume Drive, Malibu, California 90265
4Beds
5Baths
4,256Sqft
24,546Lot
Price Vs. Estimate
The estimated value ($5,498,207.67) is $173,207.67 (3%) higher than the list price ($5,325,000). 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 = 24546, living area = 4256.
Top Cons:
Requires Substantial Investment/Renovation: The current home is presented as 'ready to be taken to the next level,' indicating it likely requires significant renovation or a complete rebuild to align with contemporary luxury expectations, adding considerable cost.
Compared to the nearby listings
Price:$5.33M vs avg $4.35M (+$975,000)65%
Size:4,256 sqft vs avg 2,744 sqft76%
Price/sqft:$1.3K vs avg $1.3K48%
More Insights
Built in 1979 (47 years old).
Condition: Built in 1979, the property is well-maintained but shows its age. While the kitchen features updated stainless steel appliances and white shaker cabinets, suggesting a renovation within the last 10-15 years, other areas like the carpeted living spaces and the visible bathroom with its specific, somewhat dated decor indicate that the home has not undergone a full, recent, high-end renovation. The listing description itself states it's 'ready to be taken to the next level or build your dream house' and 'requires significant renovation or a complete rebuild to align with contemporary luxury expectations,' which aligns with the 'fair' category's criteria of requiring minor updates or repairs and showing signs of being outdated despite regular upkeep.
Year Built
1979
Close
-
List price
$5.33M
Original List price
$5.33M
Price/Sqft
$1,251
HOA
-
Days on market
-
Sold On
-
MLS number
26632895
Home ConditionFair
Features
Good View: Mountain(s), Ocean
Deck
ViewMountain(s), Ocean
About this home
Lovely Pt. Dume Cape Cod family home, private and gated on just over half an acre flat lot - ready to be taken to the next level or build your dream house. Huge yard with half basketball court and large deck - plenty of room for an ADU and pool. All 4 bedrooms ensuite. Living room with fireplace opens to dining room. Kitchen with breakfast nook opens to large den with fireplace. Huge primary bedroom with vaulted ceiling, fireplace, sitting area, walk-in-closet, large bathroom. Peek-a-boo ocean views from upper level. Two additional en-suite guest bedrooms upstairs and one ensuite bedroom downstairs. The best Point Dume location with key to the beach and close to the best Malibu restaurants and shopping.
S
Scott Cort
Listing Agent
Price History
Date
Event
Price
10/17/03
Sold
$1,750,000
Condition Rating
Fair
Built in 1979, the property is well-maintained but shows its age. While the kitchen features updated stainless steel appliances and white shaker cabinets, suggesting a renovation within the last 10-15 years, other areas like the carpeted living spaces and the visible bathroom with its specific, somewhat dated decor indicate that the home has not undergone a full, recent, high-end renovation. The listing description itself states it's 'ready to be taken to the next level or build your dream house' and 'requires significant renovation or a complete rebuild to align with contemporary luxury expectations,' which aligns with the 'fair' category's criteria of requiring minor updates or repairs and showing signs of being outdated despite regular upkeep.
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 = 24546, living area = 4256.
Premier Point Dume Location: Unbeatable location in Point Dume, offering exclusive beach key access and close proximity to Malibu's finest dining and shopping.
Expansive & Private Lot: A generous, flat half-acre lot, private and gated, providing ample space for outdoor amenities like a basketball court and deck, with significant potential for further development.
Significant Development Opportunity: The property is ideal for a substantial renovation or a complete new build, with ample room for an ADU and a pool, allowing for customization to a dream estate.
Luxury En-Suite Accommodations: All four bedrooms are en-suite, ensuring privacy and comfort for all residents and guests.
Desirable Ocean & Mountain Views: Features peek-a-boo ocean views from the upper level, complemented by mountain views, enhancing the property's coastal appeal.
Cons
Requires Substantial Investment/Renovation: The current home is presented as 'ready to be taken to the next level,' indicating it likely requires significant renovation or a complete rebuild to align with contemporary luxury expectations, adding considerable cost.
Limited Ocean View Scope: While ocean views exist, they are described as 'peek-a-boo' and only from the upper level, which may not satisfy buyers seeking expansive, unobstructed ocean panoramas.
Age of Structure: Built in 1979, the existing Cape Cod home may present challenges in terms of outdated systems, design, or energy efficiency compared to newer constructions, potentially necessitating costly upgrades.