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$5,995,000
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Property Description
29359 Bluewater Drive, Malibu. A Rare Ready-to-Build New Construction Opportunity on Point Dume. An exceptional opportunity to create a truly distinctive new Malibu residence in the coveted Point Dume community. With plans and permits in place and the lengthy permitting and entitlement process already addressed, this property offers the rare ability to move directly toward construction and bring your vision to life. Set against a spectacular coastal backdrop, 29359 Bluewater Drive captures gorgeous mountain views, creating an extraordinary setting for a sophisticated new residence. Thoughtfully designed to embrace the surrounding landscape, the proposed home offers a strong foundation for a luxurious contemporary retreat while leaving room for the next owner to add their own finishing touches and personal style. This is the opportunity Malibu buyers dream of; new construction, exceptional views, beach proximity, and the freedom to create a home that feels entirely your own without starting from scratch or navigating a lengthy permitting process. Located in the highly desirable Point Dume enclave on one of the most coveted streets, the property offers an unparalleled coastal lifestyle. Enjoy the convenience of being within walking distance of the beach, with ocean breezes, morning walks along the sand, dramatic sunsets, and the natural beauty that makes Point Dume one of Malibu's most exclusive and desirable communities. For the discerning buyer seeking something truly special, the value extends beyond the property itself. Rarely does a ready-to-build opportunity of this caliber become available in Point Dume. Combining new construction, panoramic ocean and mountain views, beach access, privacy, and the ability to add your own signature to the final residence, 29359 Bluewater Drive is a one-of-a-kind opportunity to create your own Malibu legacy.
Full Property Details
Full Property Details for 29359 Bluewater Rd
General
- Price: $5,995,000
- Status: Active
- Type: Lots/Land
- Source: CLAW
- MLS ID: 26873015
- Updated: 9/15/2026
- Added to Site: 87 day(s) ago
Location
- Area: Malibu
- County: Los Angeles
- Driving Directions: Pacific Coast Highway to Heathercliff to Dume Dr to Bluewater
Utilities
- Telecomm.: In Street
Lot Features
- Property View: Ocean
- Lot Size (Acres): 1.2124
- Lot Size: 52810
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 104 x 510
- Zoning: LCRA1*
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4468-006-013
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 29359 Bluewater Rd
School District:Santa Monica-Malibu Unified School District
| Name | Grades | Distance |
|---|---|---|
Malibu Elementary 6955 Fernhill Drive, Malibu, CA 90265 | K-5 | 0.5 mi |
Malibu High School 30215 Morning View Drive, Malibu, CA 90265 | 6-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 29359 Bluewater Rd
Date
Details
Price
Change
Source
8/19/2026
Listed
$5,995,000
235.34%
MLS
4/25/2019
Sold
$1,787,727
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 29359 Bluewater Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,807
—
$2,024,664
2%
2025
$24,807
9%
$1,984,965
4%
2023
$22,758
1%
$1,907,888
2%
2022
$22,437
2%
$1,870,479
2%
2021
$21,914
—
$1,833,803
1%
2020
$21,808
1031%
$1,815,000
1775%
2019
$1,928
-20%
$96,781
-48%
2018
$2,420
—
$185,692
2%
2017
$2,412
4%
$182,052
2%
2016
$2,319
1%
$178,483
2%
2015
$2,291
—
$175,803
2%
2014
$2,297
1%
$172,361
—
2013
$2,276
—
$171,583
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 29359 Bluewater Rd
29359 Bluewater Rd, Malibu, CA 90265 (MLS# 26873015) is a Lots/Land property with a lot size of 1.2124 acres. 29359 Bluewater Rd is currently listed for $5,995,000 and was received on August 19, 2026. This property is listed by Glen Steele from our Malibu Office.Want to learn more about 29359 Bluewater Rd? Do you have questions about finding other Lots/Land real estate for sale in Malibu? You can browse all Malibu real estate or contact a Coldwell Banker agent to request more information.


