29451 Bluewater
Malibu, CA, 90265
$7,495,000
MLS: GD26225780
Beds
3
Baths
4
Sq Ft
2,511
Lot
0.67 ac
Year Built
1951
MLS #
GD26225780
Days on Market
2
Listed
Nov 6, 2026
Description
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.
Location
Malibu, Los Angeles County, CA 90265
Open on Google Maps ↗Listed by: Yervant Hadjian · Park Place Properties Inc
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$56,614
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $749,500 · Loan: $6,745,500
Average 30-yr fixed rate 7.18% as of Nov 5, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $45,696
- Property tax (1.25%)
- $7,807
- Homeowners insurance
- $300
- Mortgage insurance
- $2,811
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 Nov 5, 2026
- 30-year fixed
- 7.18%
- 15-year fixed
- 6.57%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $262,325 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.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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