Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

28926 Boniface Drive

Malibu, CA, 90265

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$6,250,000

MLS: 26670143

Beds

5

Baths

5

Sq Ft

0

Lot

1.68 ac

Year Built

1955

MLS #

26670143

Days on Market

8

Listed

Apr 1, 2026

Description

Boasting a coveted Riviera beach key, this expansive 1.68-acre Point Dume estate offers a rare opportunity to create a private sanctuary surrounded by canyon vistas and lush, mature trees. The park-like acreage provides a tranquil, nature-rich environment - an ideal backdrop for a thoughtfully designed retreat. The existing residence offers a versatile foundation for a custom remodel or a complete reimagining. For a seamless transition to a grander scale, the property includes two architectural pathways by renowned architect Lester Tobias: a sprawling 8,300 sq. ft. compound across three structures, or a sophisticated 6,300 sq. ft. single-residence design. With significant groundwork already in place, buyers can accelerate the development process while tailoring the final vision. Graced with mature fruit trees and a gated circular driveway, the grounds offer a rare sense of self-sustained living just moments from Malibu's most picturesque coastline. This is one of only 54 parcels on Point Dume offering both a beach key and over 1.5 acres, representing a unique chance to craft a legacy property in Malibu's most desirable enclave.

Location

Malibu, Los Angeles County, CA 90265

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Listed by: Alexander Purewal · The Agency

Payment estimate

$43,715

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $625,000 · Loan: $5,625,000

%
Principal & Interest
$34,561
Property tax (1.25%)
$6,510
Homeowners insurance
$300
Mortgage insurance
$2,344
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Malibu home with as little as 3.5% down using an FHA loan — roughly $218,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Malibu, CA 90265 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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