Listed by Yervant Hadjian•DRE #02132231• Park Place Properties Inc
Contact: 818-292-4248
For sale
$7,495,000
Est. $49,640/mo —
3
bd
•
3.5 ba
•
2,511
sq ft
29451 Bluewater, Malibu, CA 90265
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About this home
Irreplaceable. Generational. First time on market in over 25 years. This property presents the TRIFECTA that Malibu buyers spend decades searching for, breathtaking unobstructed PANORAMIC Pacific Ocean views from every room, a gently rolling down FULLY USABLE 29,335 sq ft lot, and STEPS-away, proximity to the beaches of Point Dume where the sound of waves carries across the land. At this price point, this combination is unrivaled. 3 bed / 3 bath in the heart of Point Dume. A home with original character, exposed beamed ceilings, exquisite wood finishes, and old Malibu soul that cannot be replicated Per Malibu coastal development standards, the lot supports approximately 5,500+ sq ft of above-grade living, plus 1,000 sq ft basement and 1,000 sq ft subterranean garage not counted toward TDSF (buyer to verify with City of Malibu and coastal authorities). When panoramic ocean views, flat usable land, and beach proximity come together in Point Dume, Malibu you are in $20M+ territory. This is the exception.
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
29451 Bluewater · $7,495,000
DAYS ON MARKET
1 days
The average home goes pending in 46 days.
SALE-TO-LIST
99.6%
Most homes are selling 0% below list price.
LIST PRICE
$7,495,000
Median sale price in this area is $999,433. (87% lower than this home)
PRICE DROP
0 price drops
18% 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
Beamed ceilings
Balcony with attached living room deck
Two staircases
Recessed lighting
Open floor plan
In-law floor plan
Gas fireplace in the living room
Bedrooms
One bedroom on the main level
Bathrooms
3 full bathrooms
1 half bathroom
Two bathrooms on the main level
Kitchen
6-burner stove
Electric oven
Grill
Hot water circulator
Laundry & utility
Inside laundry room
Gas dryer hookup
Flooring
Stone flooring
Wood flooring
Heating & cooling
Central furnace
Central cooling
Fireplace heating
Exterior features
Front yard
View
Home design
House
Two stories
First-floor entry
Utilities
Public water
Septic system; type unknown
HOA & community
Rural and urban community
Electricity and solar
View estimated energy costs and solar savings for this home
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 Los Angeles County market is becoming more balanced, giving buyers a little more room to negotiate while well-priced homes can still attract strong interest. With homes taking longer to sell and buyers becoming more selective, pricing and...