
29329 Bluewater Road, Malibu, CA 90265
29329 Bluewater Road, Malibu, CA 90265
Property Description
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.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Malibu · Single Family Residence
Listed 126.4% above the median closed sale of $5,500,000. Price per sqft ($2,594) is a 141% premium to closed comps ($1,077). Closed comps sold at 92% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 126 days on market. 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 6315 Gayton Place | Malibu | 1979 | 4 | 5 | 4,612 | 57,103 | $1,409 | $6.50M | 53 | 90 |
| 30612 La Sonora Drive | Malibu | 2025 | 4 | 4 | 4,201 | 27,391 | $1,143 | $4.80M | 95 | 82 |
| 28525 Newton Canyon Road | Malibu | 2023 | 4 | 5 | 4,700 | 350,332 | $850 | $4.00M | 114 | 73 |
| 6509 Wandermere Road | Malibu | 1964 | 4 | 6 | 4,453 | 43,217 | $1,908 | $8.49M | 116 | 72 |
| 23449 Malibu Colony Road | Malibu | 1975 | 5 | 6 | 4,395 | 10,874 | $2,673 | $11.75M | 82 | 70 |
| Total: 5 · Average | 4.2 | 5.2 | 4,472.2 | 97,783.4 | $1,596.6 | $7.11M | 92 | |||
| Median | 4,453 | $6.50M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6080 Merritt Drive | Malibu | 1989 | 05/22/2026 | 5 | 6 | 4,237 | 43,899 | $4.29M | $3.83M | $903 | 0.89 | 181 | 85 |
| 27860 Winding Way | Malibu | 1976 | 06/05/2026 | 4 | 5 | 4,733 | 46,167 | $8.25M | $7.65M | $1,616 | 0.93 | 97 | 75 |
| 29660 Harvester Road | Malibu | 1979 | 05/14/2026 | 5 | 6 | 4,898 | 94,042 | $6.00M | $6.00M | $1,224 | 1.00 | 121 | 67 |
| 5932 Busch Drive | Malibu | 2023 | 09/21/2026 | 4 | 5 | 5,150 | 85,827 | $6.00M | $5.50M | $1,068 | 0.92 | 192 | 59 |
| 28935 Beach Lane | Malibu | 2005 | 09/18/2026 | 4 | 4 | 4,437 | 12,883 | $2.99M | $2.55M | $575 | 0.85 | 37 | 58 |
| Total: 5 · Average | 4.4 | 5.2 | 4,691 | 56,563.6 | $5.10M | $5.10M | $1,077.2 | — | 125.6 | ||||
| Median | 4,733 | $5.50M | $5.50M | ||||||||||
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.