Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

29029 Cliffside Drive

Malibu, CA, 90265

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$6,700,000

MLS: 26665011

Beds

4

Baths

3

Sq Ft

2,282

Lot

1.13 ac

Year Built

1951

MLS #

26665011

Days on Market

16

Listed

Mar 16, 2026

Description

First time ever offered for sale + Beach Key to RIVIERA 3! 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 architectural 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.

Location

Malibu, Los Angeles County, CA 90265

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Listed by: Alex Howe · Christie's International Real Estate SoCal

Payment estimate

$46,841

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $670,000 · Loan: $6,030,000

%
Principal & Interest
$37,049
Property tax (1.25%)
$6,979
Homeowners insurance
$300
Mortgage insurance
$2,513
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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 $234,500 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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