
29029 Cliffside Drive, Malibu, CA 90265
29029 Cliffside Drive, Malibu, CA 90265
Property Description
Beach Key to RIVIERA 3 and first time on the market in over 60 years! This exceptional Point Dume property presents a rare opportunity to create a world-class Malibu estate on one of the neighborhood's most coveted streets. Set on approximately 1.13 acres of lush, verdant grounds, the property sits along prestigious Cliffside Drive, a location known for commanding some of Malibu's highest estate prices. The property offers ocean views from the main level, with the potential for a future second story that could capture even more expansive ocean views. An original single-level ranch-style home currently sits on the site. While the interior has been taken down to the studs, the structure retains its classic charm and is surrounded by mature landscaping that frames both the welcoming entry yard and expansive rear grounds. Whether thoughtfully restored or reimagined as a new estate, this property represents a remarkable opportunity to secure a premier Cliffside Drive address in one of Malibu's most sought-after coastal neighborhoods. Opportunities of this scale, location, and view potential rarely come to market at this price point.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Malibu · Single Family Residence
Listed 116.5% above the median closed sale of $3,000,000. Price per sqft ($2,846) is a 113% premium to closed comps ($1,338). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 23813 Harbor Vista Drive | Malibu | 1956 | 3 | 2 | 2,017 | 28,176 | $1,958 | $3.95M | 45 | 73 |
| 27058 Sea Vista Drive | Malibu | 1963 | 3 | 3 | 1,968 | 26,296 | $2,668 | $5.25M | 103 | 73 |
| 11770 Pacific Coast Highway | Malibu | 1970 | 3 | 4 | 1,718 | 8,520 | $2,066 | $3.55M | 85 | 68 |
| 3065 S Foose Road | Malibu | 2024 | 4 | 4 | 2,200 | 42,110 | $795 | $1.75M | 177 | 63 |
| 6316 Busch Drive | Malibu | 1950 | 3 | 2 | 1,974 | 58,827 | $2,176 | $4.29M | 59 | 61 |
| Total: 5 · Average | 3.2 | 3.0 | 1,975.4 | 32,785.8 | $1,932.6 | $3.76M | 93.8 | |||
| Median | 1,974 | $3.95M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5660 Busch Drive | Malibu | 2020 | 10/09/2026 | 3 | 2 | 1,800 | 45,621 | $3.10M | $3.51M | $1,950 | 1.13 | 44 | 76 |
| 27008 Old Chimney Road | Malibu | 2021 | 08/07/2026 | 4 | 3 | 2,577 | 14,388 | $3.19M | $3.00M | $1,164 | 0.94 | 114 | 68 |
| 24728 Vantage Point Terrace | Malibu | 1978 | 07/31/2026 | 3 | 3 | 2,339 | 12,511 | $3.75M | $3.52M | $1,507 | 0.94 | 149 | 68 |
| 26232 Idlewild Way | Malibu | 1987 | 08/21/2026 | 3 | 3 | 1,948 | 9,835 | $1.79M | $1.76M | $903 | 0.98 | 121 | 64 |
| 3800 Latigo Canyon Road | Malibu | 1979 | 09/23/2026 | 4 | 4 | 2,400 | 95,902 | $2.90M | $2.80M | $1,167 | 0.97 | 68 | 63 |
| Total: 5 · Average | 3.4 | 3.0 | 2,212.8 | 35,651.4 | $2.92M | $2.92M | $1,338.2 | — | 99.2 | ||||
| Median | 2,339 | $3.00M | $3.00M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.