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About this home
The Bluewater Estate. Point Dume is the epicenter of the ultimate Malibu lifestyle. Home to some of the best surfing, hiking, biking and family beach culture in the country, this is where artists, creatives and titans of industry come to build families and memories that will last an eternity. Just blocks from legendary surf breaks, Point Dume Village, and some of Malibu's most beautiful beaches, life here is equal parts freedom, privacy and effortless sophistication. Close to Malibu Elementary, one of the most funded public schools in the nation, and Malibu High with it's $200M renovation. Set on over an acre with panoramic ocean and mountain views, 29329 Bluewater Road captures everything that makes Point Dume so special. Spanning approximately 4,800 square feet with 4 bedrooms and 4.5 baths, the residence blends natural materials, warm textures and refined architecture with an easy indoor-outdoor flow. Organic finishes like Travertine stone, fine oak cabinetry, and Ipe wood create a sophisticated yet relaxed atmosphere throughout the home. Generous living spaces open to expansive decks, bringing the Pacific and surrounding mountains into view from nearly every angle. Outside, the property is built for the way Malibu is meant to be lived. Long lunches in the sun. Sunset dinners beneath the gazebo. Boards by the door. Ocean air moving through the house. More than an acre of land creates rare privacy and breathing room, while the setting keeps you connected to the best of Point Dume. This is the kind of Malibu home that is becoming harder and harder to find. Beautifully designed, private, soulful and completely in tune with the coast.
Single-familyProperty Type
1988Year Built
1.11 acresLot Size
$2,594Price/Sq.Ft.
2 car garageParking
Listed by Trevor Wright•DRE #02042934• The Beverly Hills Estates
•310-804-9693 (agent)
•trevor@TheBeverlyHillsEstates.com (agent)
Listed by Branden Williams•DRE #01774287• The Beverly Hills Estates
Point Dume, located between Zuma Beach and Paradise Cove, is a coastal and residential Malibu neighborhood with a blufftop headland and pocket beaches. The character concentrates around the Point Dume Village shopping center on Heathercliff Road, where a low-slung strip of cafes, markets, and surf-and-errand storefronts sets a relaxed, practical tone. Streets mix mid-century ranch homes, contemporary rebuilds, and gated lanes framed by palms and coastal sage. Point Dume State Beach and the Point Dume Natural Preserve define daily rhythms with cliffside trails and seasonal whale-watching viewpoints. Malibu Seafood and Paradise Cove Beach Cafe anchor the local food scene with oceanfront tables and classic counter-service energy. The Malibu Equestrian Park adds a distinct inland note, with bridle paths and open paddocks close to the water.
Provided by Walk Score and Local Logic
Market insights
29329 Bluewater Rd · $12,450,000
DAYS ON MARKET
1 days
The average home goes pending in 40 days.
SALE-TO-LIST
100.6%
Most homes are selling 1% above list price.
LIST PRICE
$12,450,000
Median sale price in this area is $1,047,218. (92% lower than this home)
PRICE DROP
0 price drops
16% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Alarm system
Built-in cabinetry
Garbage disposal
Range/oven
Central heating
Central cooling
Fireplaces in living room and family room
Mixed flooring
Living room
Family room
Bedrooms
Bedrooms not specified
Bathrooms
Four full bathrooms
One half bathroom
Kitchen
Dishwasher
Range/oven
Garbage disposal
Laundry & utility
Indoor laundry area
Electric dryer hookup
Flooring
Mixed floors
Heating & cooling
Central heat
Central cooling
Exterior features
In-ground pool
In-ground spa with hot tub
Ocean, coastline and mountain views
Located off PCH in Point Dume
Home design
Detached single-family home
Two-level layout
Parking
Attached 2-car garage with direct entry
Circular driveway
Security
Alarm system
Construction
Detached/no common walls
Utilities
No additional utility details provided
Other
Zoning: LCRA1*
Other structures: None
Electricity and solar
View estimated energy costs and solar savings for this home
Location, location, location! Perfect opportunity for an end user and or developer to re imagine this home to its full potential. Located in the sought after Point Dume community in Malibu, this home sits on over 1 acre mostly flat with Ocean and Mountain Views. Currently the home is 4 beds and 3 baths that can be moved in and redone over time or rebuild now. This is an opportunity of a lifetime to acquire this much land with ocean views and only a few minutes to walk to the beach. Hurry this will not last!
TheMLS #24-350431
Mar 18, 2024
Price Changed
*
Feb 15, 2024
Price Changed
*
Jan 22, 2024
Listed
*
Public Records
Nov 5, 1986
Sold
$183,500
$38/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$57,037 (+487.7%)
$3,915,270 + $674,730
$4,590,000
2024
$9,705 (+2.2%)
$3,915,270 + $674,730
$4,590,000
2023
$9,494 (+1.7%)
$351,225 + $442,458
$793,683
2022
$9,339 (+2.5%)
$344,339 + $433,783
$778,122
2021
$9,110 (+0.6%)
$337,588 + $425,278
$762,866
2020
$9,056 (+1.3%)
$330,969 + $416,940
$747,909
2019
$8,936 (+6.4%)
$327,576 + $412,665
$740,241
2018
$8,398 (+0.4%)
$321,153 + $404,574
$725,727
2017
$8,365 (+3.9%)
$308,683 + $388,865
$697,548
2016
$8,049 (+1.3%)
$308,683 + $388,865
$697,548
2015
$7,945 (+1.1%)
$302,631 + $381,241
$683,872
2014
$7,858 (+3.0%)
$292,247 + $368,160
$660,407
2012
$7,627 (+2.3%)
$290,927 + $366,497
$657,424
2011
$7,453 (+0.3%)
$285,223 + $359,311
$644,534
2010
$7,429 (+2.7%)
$279,631 + $352,266
$631,897
2009
$7,233 (+2.3%)
$277,542 + $349,634
$627,176
2008
$7,068
$278,202 + $350,465
$628,667
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
1.11 Acres
Year renovated
1988
Finished Sq. Ft.
4,251
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,251
Year built
1988
Style
Single Family Residential
County
Los Angeles County
APN
4468007017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 28, 2026.
RR1
Rural Residential District
The RR district is intended for sensitively designed, large lot single-family residential development, as well as agricultural uses and animal keeping which respects surrounding residents and the natural environment. This district incorporates a variety of natural resources and amenities.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Livestock production
Day care facility
Housing-Single unit
Housing-Senior
Housing-Mobile home park
Local insights from Redfin agents
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...