Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Active

29500 Heathercliff Rd. 3

Malibu, CA, 90265

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$1,395,000

MLS: 22170017

Beds

3

Baths

2

Sq Ft

1,568

Lot

0.09 ac

Year Built

MLS #

22170017

Days on Market

785

Listed

Jun 20, 2022

Description

Cozy and charming 3 bed, 2 bath home in the highly desirable Point Dume Club of Malibu. Endless possibilities await at this rare property, offering one of the lowest space rents in the park. This lovely beach cottage with hardwood floors throughout has a bright open feel with a spacious living room, formal dining room, gourmet kitchen, and full laundry room.Owner amenities include 24-hour security at the gated entrance, easy walk/bike/golf cart access to Westward and Zuma Beach, a heated swimming pool/spa, tennis and basketball courts, and a clubhouse. Additionally, two tandem parking spaces, storage shed, and a grassy private-fenced back and side yard. Conveniently located next to Point Dume Plaza and Malibu's best restaurants and beaches. Ready as a fixer upper or to move into and enjoysummer living the Malibu lifestyle!

Location

Malibu, Los Angeles County, CA 90265

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Listed by: Kerri Madden · Compass

Payment estimate

$9,990

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $139,500 · Loan: $1,255,500

%
Principal & Interest
$7,714
Property tax (1.25%)
$1,453
Homeowners insurance
$300
Mortgage insurance
$523
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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 $48,825 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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