7052 Dume Drive, Malibu, California 90265, Malibu, 90265 - 6 bed, 8 bath

7052 Dume Drive, Malibu, California 90265 home-pic-0
ACTIVE$14,995,000
7052 Dume Drive, Malibu, California 90265
6Beds
8Baths
11,785Sqft
26,704Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Value Proposition: The property is listed $3,500,000 below a recent written appraisal, presenting a significant financial advantage and immediate equity potential for the buyer.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 11785, other record living area = 10561. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.

Compared to the nearby listings

Price:$14.99M vs avg $4.44M (+$10,557,500)88%
Size:11,785 sqft vs avg 2,813 sqft97%
Price/sqft:$1.3K vs avg $1.3K47%

More Insights

Built in 1992 (33 years old).
Condition: Despite being built in 1992, the property has been 'meticulously renovated both inside and out' with 'exceptional quality' and 'breathtaking finishes' as stated in the description. The images confirm a very recent and extensive high-end renovation. The kitchen features top-tier integrated appliances, sleek modern cabinetry, and contemporary lighting. All bathrooms are lavish, showcasing modern fixtures, freestanding tubs, large walk-in showers, and high-quality finishes. Flooring is consistently modern hardwood, and light fixtures are contemporary throughout. The overall aesthetic is current, luxurious, and shows no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Year Built
1992
Close
-
List price
$14.99M
Original List price
$14.99M
Price/Sqft
$1,272
HOA
-
Days on market
-
Sold On
-
MLS number
25580377
Home ConditionExcellent
Features
Excellent View: Mountain(s), Ocean
Deck
Pool
Spa
Patio
ViewMountain(s), Ocean

About this home

UNMATCHED OFFERING - PRESENTED FULLY FURNISHED AND LISTED $3,500,000 BELOW A RECENT WRITTEN APPRAISAL. Explore sophistication and serenity in this highly secluded Point Dume retreat. Meticulously renovated both inside and out, this residence boasts exceptional quality, breathtaking finishes, lofty ceilings, and captivating ocean and mountain vistas throughout. Approach the residence through a private front gate leading to a motor-court with abundant guest parking and two garages, providing covered space for up to 5 cars. A lengthy covered walkway guides you past a delightful pool, spa, and sun deck. The main level of the property features a grand two-story foyer, a fireplace-adorned living room, a formal dining room, a family room with a fireplace and built-in bar, a dual-sided aquarium, a library/office, a chef's kitchen equipped with top-tier appliances, a butler's pantry, a spacious breakfast room, and a stunning outdoor entertainer's patio overlooking the ocean, and more. The upper level comprises 5 bedrooms and a laundry room, with the primary suite offering ample space, ocean views, a fireplace, a private terrace, a custom walk-in closet, and a lavish bath. The lower floor includes a movie theater, a gym with a bathroom, a safe room, and a second laundry room. Additional amenities encompass a staff suite with a kitchenette, along with a built-in BBQ, fire pit, and putting green. This residence epitomizes the pinnacle of "beach living," delivering luxury, comfort, and seclusion.

Price History

Date
Event
Price
08/25/20
Sold
$5,250,000
Condition Rating
Excellent

Despite being built in 1992, the property has been 'meticulously renovated both inside and out' with 'exceptional quality' and 'breathtaking finishes' as stated in the description. The images confirm a very recent and extensive high-end renovation. The kitchen features top-tier integrated appliances, sleek modern cabinetry, and contemporary lighting. All bathrooms are lavish, showcasing modern fixtures, freestanding tubs, large walk-in showers, and high-quality finishes. Flooring is consistently modern hardwood, and light fixtures are contemporary throughout. The overall aesthetic is current, luxurious, and shows no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Exceptional Value Proposition: The property is listed $3,500,000 below a recent written appraisal, presenting a significant financial advantage and immediate equity potential for the buyer.
Unrivaled Luxury Amenities: Boasts an extensive array of high-end features including a private pool, spa, home theater, gym, staff suite with kitchenette, chef's kitchen, putting green, and covered parking for up to 5 cars.
Prime Secluded Point Dume Location: Situated in a highly secluded area of Point Dume, Malibu, offering unparalleled privacy and prestige in a coveted coastal community.
Breathtaking Ocean & Mountain Vistas: Offers captivating panoramic ocean and mountain views throughout the residence, significantly enhancing its aesthetic appeal and market value.
Meticulously Renovated & Fully Furnished: The residence has been meticulously renovated inside and out with exceptional quality and finishes, and is presented fully furnished for a turn-key luxury experience.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 11785, other record living area = 10561. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
High Ongoing Operating Costs: The extensive size (11,785 sqft) and numerous luxury amenities will result in substantial ongoing expenses for maintenance, utilities, and property taxes.
Niche Market Appeal: The ultra-luxury price point and specific features cater to a highly exclusive and limited buyer demographic, which could potentially prolong the sales cycle.
Potential for Personalization: While fully furnished and renovated, some discerning luxury buyers may prefer to customize the decor or specific finishes to their unique taste, potentially incurring additional effort or cost.

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