RENTED FEB 4, 2025

29122 Cliffside Dr Malibu, CA 90265

Estimated Value: $7,760,000

2 Beds
2.5 Baths
1,701 Sq Ft
$4,562/Sq Ft Est. Value

Last Sold October 17, 2022

Last sale price $15,000,000 $8,818 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $55,234/month

Highlights

  • White Water Ocean Views
  • Two Primary Bedrooms
  • Wood Flooring
  • Malibu Elementary School Rated A
  • Living Room with Fireplace
  • Furnished

About This Home

As of February 2025

Nestled on nearly one acre, this stunning property commands spectacular views of the ocean, Catalina island, and the famous "Queen's Necklace" and its sparkling lights at night time. Located behind gates, on the most desirable street of Point Dume, this property offers ultimate privacy. One of the few properties with private stairs leading to the white sand beach of Dume Cove. A long driveway and charming walking path lead you to a double glass entry door revealing panoramic views. As you enter the house, the 2-story open concept living area, kitchen, and dining area is filled with natural light and opens to the majestic backyard overlooking the dramatic views. The outdoor area is perfect for entertaining, dining under the stars, or even whale watching. The kitchen features a slate/basalt waterfall island with bar seating, and top-of-the-line appliances. The main floor en-suite bedroom features a spa-like bathroom and sweeping ocean views. Upstairs, a second bedroom suite with large, sliding ocean-view windows on three sides. The vast lawn located in front of the property is beautifully landscaped with mature trees and is perfect for large gatherings, lounging or children playground. A separate 2 car garage is located behind the gate and there is extra space to park additional cars in the driveway. This quiet and private estate is luxury living at its finest in Point Dume.

Last Agent to Rent the Property

Estel Hilton

The Beverly Hills Estates License #01420227 Listed on: 03/22/2024

The Beverly Hills Estates

Last Renter's Agent

Estel Hilton

The Beverly Hills Estates License #01420227 Listed on: 03/22/2024

The Beverly Hills Estates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 0.99 Acre Lot
  • Lot Dimensions are 95x460
  • Property is zoned LCRA1*

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces
  • Auto Driveway Gate
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Bluff
  • Mountain
  • Hills

Interior Spaces

  • 1,701 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom

Laundry

  • Laundry Room
  • Dryer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $90,000
  • Tenant pays for electricity, gas, water, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 4468-001-007

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Parking

2

Rental Info

  • Furnished: Furnished
  • Lease Option: 1
  • Security Deposit: 90000
  • Tenant Pays: Electricity, Gas, Water, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Single Family
  • Levels: Two
  • Street Number Display: Yes
  • Lease Terms: 1-Year
  • Living Area: 1701
  • Lot Acreage: 0.9924
  • Lot Dimensions: 95x460
  • Stories: 2
  • Year Built: 1972
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed, Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Freezer, Microwave
  • Price Per S Q F T: 26.46

Exterior Features

  • Pool: No
  • View: Bluff, City Lights, City, Hills, White Water, Water, Ocean, Mountains, Panoramic, Catalina, Coastline
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Covered Parking: 2
  • Parking Garage: Driveway, Detached, Covered Parking, Garage - 2 Car, Driveway Gate
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4468-001-007
  • Lot Size Area: 43228

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2003
Sold by
Olson James Richard
Bought by
Olson James R and James R Olson Living Trust
Current Estimated Value
$7,760,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Olson James R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/04/2025 02/04/25 Rented $45,000 0.0% --
03/22/2024 03/22/24 For Rent $45,000 0.0% --
10/17/2022 10/17/22 Sold $15,000,000 -18.7% $8,818 / Sq Ft View Prior Sale
09/12/2022 09/12/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $18,450,000 -- $10,847 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $175,881 $15,606,000 $15,085,800 $520,200
2024 $175,881 $15,300,000 $14,790,000 $510,000
2023 $172,678 $15,000,000 $14,500,000 $500,000
2022 $4,129 $297,975 $194,037 $103,938
2021 $3,638 $292,133 $190,233 $101,900
2019 $3,568 $283,471 $184,592 $98,879
2018 $3,371 $277,914 $180,973 $96,941
2016 $3,232 $267,125 $173,947 $93,178
2015 $3,124 $263,114 $171,335 $91,779
2014 $3,176 $257,961 $167,979 $89,982
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-370911

The MLS

APN: 4468-001-007