29359 Bluewater Drive, MalibuA Rare Ready-to-Build New Construction Opportunity on Point Dume. An exceptional opportunity to create a truly distinctive new Malibu residence in the coveted Point Dume community. With plans and permits in place and the lengthy permitting and entitlement process already addressed, this property offers the rare ability to move directly toward construction and bring your vision to life. Set against a spectacular coastal backdrop, 29359 Bluewater Drive captures gorgeous ocean and mountain views, creating an extraordinary setting for a sophisticated new residence. Thoughtfully designed to embrace the surrounding landscape, the proposed home offers a strong foundation for a luxurious contemporary retreat while leaving room for the next owner to add their own finishing touches and personal style. This is the opportunity Malibu buyers dream of; new construction, exceptional views, beach proximity, and the freedom to create a home that feels entirely your own without starting from scratch or navigating a lengthy permitting process. Located in the highly desirable Point Dume enclave on one of the most coveted streets, the property offers an unparalleled coastal lifestyle. Enjoy the convenience of being within walking distance of the beach, with ocean breezes, morning walks along the sand, dramatic sunsets, and the natural beauty that makes Point Dume one of Malibu's most exclusive and desirable communities. For the discerning buyer seeking something truly special, the value extends beyond the property itself. Rarely does a ready-to-build opportunity of this caliber become available in Point Dume. Combining new construction, panoramic ocean and mountain views, beach access, privacy, and the ability to add your own signature to the final residence, 29359 Bluewater Drive is a one-of-a-kind opportunity to create your own Malibu legacy.
Vacant landProperty Type
1.21 acresLot Size
$4,954,545Price/Acres
Listed by Glen Steele•DRE #01480449• Coldwell Banker Realty
•310-663-2157 (agent)
•glen@glensteele.com (agent)
Listed by Alyssa Higgins•DRE #02245733• Coldwell Banker Realty
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
Property details
Interior
Exterior
Finance
Interior features
Ocean view
Exterior features
Public street access
Directions: Pacific Coast Highway to Heathercliff to Dume Dr to Bluewater
Home design
Residential land
Construction
Zoned LCRA1*
Utilities
Cable available
Telephone service in street
Financial info
Assessor parcel number 4468-006-013
Electricity and solar
View estimated energy costs and solar savings for this home
Priceless opportunity to build dream home in one of the most desirable neighborhoods in all of Malibu - Point Dume. First time on market. Original 1957 home was 3 bedrooms and 2 baths with pool. Close to breathtaking beaches with beautiful sunsets and whales galore at Westward beach and to one of the most glorious hiking trails in Malibu overlooking the Pacific Ocean at the Point Dume Headlands. Owners are motivated to sell fast. Bring all offers.
Priceless opportunity to build dream home in one of the most desirable neighborhoods in all of Malibu - Point Dume. First time on market. Original 1957 home was 3 bedrooms and 2 baths with pool. Close to breathtaking beaches with beautiful sunsets and whales galore at Westward beach and to one of the most glorious hiking trails in Malibu overlooking the Pacific Ocean at the Point Dume Headlands. Owners are motivated to sell fast. Bring all offers.
TheMLS #19-448258
Jun 3, 2019
Sold
$1,815,000
Apr 23, 2019
Contingent
—
Apr 11, 2019
Relisted
—
Apr 11, 2019
Price Changed
$2,250,000
Apr 3, 2019
Contingent
—
Mar 25, 2019
Listed
$2,650,000
Priceless opportunity to build dream home in one of the most desirable neighborhoods in all of Malibu - Point Dume. First time on market. Original 1957 home was 3 bedrooms and 2 baths with pool. Close to breathtaking beaches with beautiful sunsets and whales galore at Westward beach and to one of the most glorious hiking trails in Malibu overlooking the Pacific Ocean at the Point Dume Headlands. Owners are motivated to sell fast. Bring all offers.
Year
Property tax
Land + Additions
Assessment*
2025
$24,807 (−6.0%)
$1,984,965
2024
$26,400 (+16.0%)
$1,984,965
2023
$22,758 (+1.4%)
$1,946,045
2022
$22,437 (+2.4%)
$1,907,888
2021
$21,914 (+0.5%)
$1,870,479
2020
$21,808 (+1,030.8%)
$1,833,803
2019
$1,928 (−20.3%)
$1,815,000
2018
$2,420 (+0.4%)
$96,679 + $102
$96,781
2017
$2,412 (+4.0%)
$92,926 + $89,126
$182,052
2016
$2,318 (+1.2%)
$92,926 + $89,126
$182,052
2015
$2,291 (−0.2%)
$91,104 + $87,379
$178,483
2014
$2,296 (+3.0%)
$87,979 + $84,382
$172,361
2012
$2,229 (+2.2%)
$87,582 + $84,001
$171,583
2011
$2,182 (−13.7%)
$85,865 + $82,354
$168,219
2010
$2,527 (+19.3%)
$84,182 + $80,740
$164,922
2009
$2,118 (+2.3%)
$83,553 + $80,137
$163,690
2008
$2,071
$83,752 + $80,328
$164,080
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
1.21 Acres
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Los Angeles County
APN
4468006013
Parking Spaces
—
Basement
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Accessible
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HOA Dues
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Garage
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Features
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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,...