RENTED OCT 13, 2025

29417 Bluewater Rd Malibu, CA 90265

Estimated Value: $4,381,000 - $5,434,000

4 Beds
3.5 Baths
3,452 Sq Ft
$1,363/Sq Ft Est. Value

Last Sold June 05, 2025

Last sale price $4,300,000 $1,246 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $29,484/month

Highlights

  • Ocean View
  • Gourmet Kitchen
  • Wood Flooring
  • Malibu Elementary School Rated A
  • Contemporary Architecture
  • Lawn

About This Home

As of October 2025

Set behind gates on a park-like 1.3-acre parcel atop Point Dume, this private estate offers a rare blend of natural beauty, thoughtful upgrades, and timeless California living. A canopy of sycamore trees and a circular motor court create a warm and welcoming arrival, leading to a light-filled residence spanning approximately 3,452 square feet with four bedrooms and three-and-a-half baths.The interior is awash with natural light, thanks to expansive windows and skylights that bring the outdoors in. At the heart of the home is a sleek, modern kitchen outfitted with Miele and Sub-Zero appliances, custom cabinetry, and clean-lined finishes an ideal setting for both everyday living and entertaining. The main level also includes a bedroom and full bath, a dramatic living room with soaring ceilings and a gas fireplace, a powder room, laundry room, and direct access to a spacious three-car garage.Upstairs, three additional bedrooms open to private patios with sweeping views across the treetops to the Pacific Ocean. The grounds are equally compelling a lush, thoughtfully landscaped garden filled with fruit trees, native California plantings, and towering Queen Palms that attract hummingbirds, butterflies, and other pollinators. Multiple patio areas with built-in fire pits offer elegant spaces for outdoor entertaining and quiet retreat.Additional features include a full-home water filtration system, central vacuum, abundant custom cabinetry, a meticulously maintained backup generator, and ample on-site parking. The expansive 59,241-square-foot lot offers both privacy and usability, just moments from the Point Dume Headlands, where hiking trails, panoramic views of the Queen's Necklace, and access to some of Malibu's most pristine beaches await.

Last Agent to Rent the Property

Gregory Sharpe

Compass License #01908937 Listed on: 06/26/2025

Compass

Co-Listed By

Chris Cortazzo

Compass License #01190363

Last Renter's Agent

Gregory Sharpe

Compass License #01908937 Listed on: 06/26/2025

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978

Lot Details

  • 1.36 Acre Lot
  • Gated Home
  • Landscaped
  • Lawn
  • Front Yard
  • Property is zoned LCRA1*

Parking

  • 2 Car Garage
  • 10 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Automatic Gate
  • Guest Parking
  • Unassigned Parking

Property Views

  • Ocean
  • Coastline
  • Peek-A-Boo
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,452 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Features
  • Ceiling Fan
  • Family Room
  • Living Room with Fireplace
  • Alarm System
  • Laundry Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Water Purifier

Listing and Financial Details

  • Security Deposit $36,000
  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 4468-006-015

Home Details

Home Type

Single Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Rental Info

  • Lease Option: 1
  • Security Deposit: 36000
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Single Family
  • Levels: Two
  • Street Number Display: Yes
  • Lease Terms: 12 Months
  • Living Area: 3452
  • Lot Acreage: 1.3604
  • Stories: 2
  • Year Built: 1978
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-Ins
  • Fireplace Rooms: Living Room
  • Flooring: Stone Tile, Wood
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Kitchen Features: Gourmet Kitchen
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Freezer, Garbage Disposal, Dishwasher, Central Vacuum, Ceiling Fan, Microwave, Water Filter, Range/Oven, Refrigerator, Hood Fan, Alarm System
  • Price Per S Q F T: 4.35

Exterior Features

  • Pool: No
  • View: Coastline, Mountains, Ocean, Peek-A-Boo
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 10
  • Covered Parking: 2
  • Parking Garage: Driveway, Door Opener, Covered Parking, Garage - 2 Car, Private, Uncovered, Unassigned, Parking for Guests
  • Total Parking: 12

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Automatic Gate, Gated
  • Water: District

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4468-006-015
  • Lot Description: Lawn, Landscaped, Front Yard, Fenced, Automatic Gate
  • Lot Size Area: 59258

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2024
Closed on
May 27, 2025
Sold by
Monica Salinas Revocable Trust and Salinas Monica
Bought by
Read/Truong Revocable Trust and Read
Seller's Agent
Paul Kellogg
Coldwell Banker Realty
Buyer's Agent
Gregory Sharpe
Compass
List Price
$5,949,000
Sold Price
$4,300,000
Premium/Discount to List
-$1,649,000
-27.72%
Views
307
Current Estimated Value
$4,706,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,330
Avg. Annual Appreciation
15.15%
Original Mortgage
$3,000,000
Outstanding Balance
$2,992,298
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$1,714,032

Purchase Details

Listed on
Mar 18, 2012
Closed on
Jun 11, 2012
Sold by
Emminger David and Emminger Cindy
Bought by
Salinas Monica and The Monica Salinas Revocable Trust
Seller's Agent
Brant Didden
Brant Didden, Broker
Buyer's Agent
Kathy Fisher
Compass
List Price
$3,995,000
Sold Price
$3,750,000
Premium/Discount to List
-$245,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%

Purchase Details

Closed on
Feb 22, 2005
Sold by
Hammond Beverly J and Hammond Amanda R
Bought by
Emminger David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2002
Sold by
Hammond Beverly J and Hammond Amanda R
Bought by
Hammond Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
6.29%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Read/Truong Revocable Trust $4,300,000 Equity Title
Salinas Monica $3,750,000 Equity Title Company
Emminger David -- First American Title Co
Hammond Beverly J -- First American Title Co
Hammond Beverly J -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Read/Truong Revocable Trust $3,000,000
Previous Owner Emminger David $1,500,000
Previous Owner Hammond Beverly J $301,000
Closed Emminger David $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2025 10/13/25 Rented $14,000 -6.7% --
08/27/2025 08/27/25 Price Changed $15,000 -6.3% $4 / Sq Ft
07/31/2025 07/31/25 Price Changed $16,000 -5.9% $5 / Sq Ft
07/14/2025 07/14/25 Price Changed $17,000 -5.6% $5 / Sq Ft
06/26/2025 06/26/25 For Rent $18,000 0.0% --
06/05/2025 06/05/25 Sold $4,300,000 -12.2% $1,246 / Sq Ft View Prior Sale
05/06/2025 05/06/25 Pending -- -- --
04/21/2025 04/21/25 Price Changed $4,900,000 -10.9% $1,419 / Sq Ft
01/10/2025 01/10/25 Price Changed $5,500,000 -7.5% $1,593 / Sq Ft
11/11/2024 11/11/24 For Sale $5,949,000 +58.6% $1,723 / Sq Ft
06/19/2012 06/19/12 Sold $3,750,000 0.0% $1,086 / Sq Ft View Prior Sale
06/11/2012 06/11/12 Pending -- -- --
03/20/2012 03/20/12 Off Market $3,750,000 -- --
03/18/2012 03/18/12 For Sale $3,995,000 -- $1,157 / Sq Ft
Source: The MLS

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 $54,090 $4,710,205 $2,794,598 $1,915,607
2024 $54,090 $4,617,849 $2,739,802 $1,878,047
2023 $53,078 $4,527,304 $2,686,081 $1,841,223
2022 $52,420 $4,438,534 $2,633,413 $1,805,121
2021 $51,193 $4,351,505 $2,581,778 $1,769,727
2019 $49,151 $4,136,579 $2,505,202 $1,631,377
2018 $47,542 $4,139,647 $2,456,081 $1,683,566
2016 $45,828 $3,978,901 $2,360,709 $1,618,192
2015 $45,214 $3,919,135 $2,325,249 $1,593,886
2014 $44,550 $3,842,365 $2,279,701 $1,562,664
Source: Public Records

Agents Affiliated with this Home

  • Gregory Sharpe

    Landlord's Agent in 2025

    Gregory Sharpe

    Compass

    (310) 702-9387

    8 Total Sales

    Gregory Sharpe
    Section Image
  • Paul Kellogg

    Seller's Agent in 2025

    Paul Kellogg

    Coldwell Banker Realty

    (310) 729-1371

    38 Total Sales

    Paul Kellogg
    Section Image
  • Chris Cortazzo

    Landlord's Co-Listing Agent in 2025

    Chris Cortazzo

    Compass

    (310) 489-7091

    206 Total Sales

    Chris Cortazzo
    Section Image

  • P

    Seller Co-Listing Agent in 2025

    Pamela Dougherty

    Coldwell Banker Realty

    (310) 777-6200

    29 Total Sales

    Pamela Dougherty
    Section Image
  • Brant Didden

    Seller's Agent in 2012

    Brant Didden

    Brant Didden, Broker

    (310) 562-2399

    2 Total Sales

    Brant Didden
    Section Image

  • K

    Buyer's Agent in 2012

    Kathy Fisher

    Compass

    Section Image
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Map

Source: The MLS

MLS Number: 25557951

The MLS

APN: 4468-006-015

California Los Angeles County Malibu 90265

29417 Bluewater Rd, Malibu, CA

Not Listed for Sale

Detached

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