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.
Point Dume, located between Zuma Beach and Paradise Cove, is a coastal and residential Malibu neighborhood with a blufftop headland and pocket beaches. The character concentrates around the Point Dume Village shopping center on Heathercliff Road, where a low-slung strip of cafes, markets, and surf-and-errand storefronts sets a relaxed, practical tone. Streets mix mid-century ranch homes, contemporary rebuilds, and gated lanes framed by palms and coastal sage. Point Dume State Beach and the Point Dume Natural Preserve define daily rhythms with cliffside trails and seasonal whale-watching viewpoints. Malibu Seafood and Paradise Cove Beach Cafe anchor the local food scene with oceanfront tables and classic counter-service energy. The Malibu Equestrian Park adds a distinct inland note, with bridle paths and open paddocks close to the water.
Provided by Walk Score and Local Logic
Offer insights
29329 Bluewater Rd · $12,450,000
$12.4M and above
75% chance or better to win
Why $12.4M+ is a strong offer
DAYS ON MARKET
57 days
The average home goes pending in 46 days.
SALE-TO-LIST
99.6%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Alarm system
Built-in cabinetry
Garbage disposal
Range/oven
Dishwasher
Mixed flooring
Fireplaces in the living room and family room
Family room and living room present
Bathrooms
Four full bathrooms
One half bathroom
Kitchen
Range/oven
Dishwasher
Garbage disposal
Laundry & utility
Laundry room inside the home
Electric dryer hookup
Flooring
Mixed floors
Heating & cooling
Central heating
Central cooling
Exterior features
In-ground pool
In-ground spa with hot tub
Has coastline, mountain and ocean views
Located off PCH in Point Dume
Home design
Detached single-family home
Two-level layout
Parking
Attached 2-car garage with direct entrance
Circular driveway
Security
Alarm system
Construction
No additional structures on the property
Utilities
Public water and sewer not specified
Power not specified
Other
Zoning: LCRA1*
Lot approximately 1.113 acres
Electricity and solar
View estimated energy costs and solar savings for this home
Location, location, location! Perfect opportunity for an end user and or developer to re imagine this home to its full potential. Located in the sought after Point Dume community in Malibu, this home sits on over 1 acre mostly flat with Ocean and Mountain Views. Currently the home is 4 beds and 3 baths that can be moved in and redone over time or rebuild now. This is an opportunity of a lifetime to acquire this much land with ocean views and only a few minutes to walk to the beach. Hurry this will not last!
Public Records
Nov 5, 1986
Sold
$183,500
$38/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$57,037 (+487.7%)
$3,993,575 + $688,224
$4,681,799
2024
$9,705 (+2.2%)
$3,915,270 + $674,730
$4,590,000
2023
$9,494 (+1.7%)
$351,225 + $442,458
$793,683
2022
$9,339 (+2.5%)
$344,339 + $433,783
$778,122
2021
$9,110 (+0.6%)
$337,588 + $425,278
$762,866
2020
$9,056 (+1.3%)
$330,969 + $416,940
$747,909
2019
$8,936 (+6.4%)
$327,576 + $412,665
$740,241
2018
$8,398 (+0.4%)
$321,153 + $404,574
$725,727
2017
$8,365 (+3.9%)
$308,683 + $388,865
$697,548
2016
$8,049 (+1.3%)
$308,683 + $388,865
$697,548
2015
$7,945 (+1.1%)
$302,631 + $381,241
$683,872
2014
$7,858 (+3.0%)
$292,247 + $368,160
$660,407
2012
$7,627 (+2.3%)
$290,927 + $366,497
$657,424
2011
$7,453 (+0.3%)
$285,223 + $359,311
$644,534
2010
$7,429 (+2.7%)
$279,631 + $352,266
$631,897
2009
$7,233 (+2.3%)
$277,542 + $349,634
$627,176
2008
$7,068
$278,202 + $350,465
$628,667
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
1.11 Acres
Year renovated
1988
Finished Sq. Ft.
4,251
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,251
Year built
1988
Style
Single Family Residential
County
Los Angeles County
APN
4468007017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 23, 2026.
RR1
Rural Residential District
The RR district is intended for sensitively designed, large lot single-family residential development, as well as agricultural uses and animal keeping which respects surrounding residents and the natural environment. This district incorporates a variety of natural resources and amenities.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Livestock production
Day care facility
Housing-Single unit
Housing-Senior
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
4/10 Heat Factor
6 days above 81° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Malibu, CA • 90265
Average low and high temperatures (°F)
65
53
65
53
65
54
63
54
65
55
67
57
72
61
75
62
73
63
70
58
65
54
64
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Malibu. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 29329 Bluewater Rd
$11,689,085
$761K under list price of $12.5M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $5.2M to $18.3M.