$90 Million Malibu Estate on Point Dume Offers a Scale That Could Never Be Built Today

With nearly 27,000 square feet of total built space, Riviera III Beach Key access, and a dramatic oceanfront pavilion overlooking the Pacific, the Point Dume compound ranks among Malibu’s most significant legacy estates.

Malibu’s oceanfront real estate has always been defined by scarcity. Yet even among the region’s most exclusive blufftop estates, opportunities of exceptional scale have become increasingly uncommon.

Now listed for $90 million, the residence at 28824 Cliffside Drive occupies one of the most coveted settings on Point Dume, offering approximately 17,700 square feet of living space, an additional 9,500-square-foot subterranean garage, and architectural entitlements that would be virtually impossible to secure under today’s California Coastal Commission regulations.

Positioned above the Pacific Ocean with coveted Riviera III Beach Key access, the estate combines commanding scale, remarkable privacy, and extraordinary redevelopment potential—qualities that have become increasingly difficult to find along Southern California’s coastline.

A Coastal Estate That Could Not Be Replicated Today

Perhaps the property’s greatest luxury is something future owners can no longer build.

Constructed in 1991, the residence predates many of California’s current coastal development restrictions governing height, massing, and overall building envelope. As a result, the estate possesses proportions that would be extraordinarily difficult—if not impossible—to recreate today.

Rather than simply offering a large home on the ocean, the property delivers an architectural footprint that has effectively become irreplaceable.

“Properties of this scale along the Malibu coastline have become exceptionally rare,” said Christopher Cortazzo of Compass. “The combination of existing square footage, oceanfront positioning, and Riviera III Beach Key privileges creates a legacy opportunity that simply doesn’t come to market very often.”

That rarity extends well beyond its size.

Commanding Views Across the Pacific

Perched above the coastline, the residence embraces its setting through expansive walls of glass that capture sweeping Pacific Ocean panoramas from nearly every principal room.

The home’s soaring ceilings and oversized entertaining spaces reinforce a sense of openness rarely encountered in contemporary coastal architecture, while generous room proportions allow natural light to become a defining design element throughout the interiors.

Unlike many newer Malibu residences designed within increasingly restrictive building envelopes, this estate enjoys volumes that feel unmistakably grand without sacrificing warmth or livability.

The existing infrastructure also presents remarkable flexibility for future owners seeking to personalize the residence through contemporary interior design while preserving its extraordinary architectural framework.

A Foundation for the Next Generation of Luxury Living

Although impressive in its current form, the residence offers something increasingly valued within the ultra-luxury market: possibility.

Its substantial structural envelope provides the opportunity to reimagine interiors according to virtually any architectural vision, whether emphasizing contemporary minimalism, classic coastal elegance, or a bespoke lifestyle tailored to the next owner’s preferences.

“The estate offers an extraordinary canvas,” Cortazzo said. “The scale is already in place, allowing a future owner to focus on creating a completely personalized environment without the limitations new construction would face today.”

That flexibility significantly distinguishes the property from newly completed oceanfront homes constrained by modern development regulations.

Resort-Caliber Outdoor Living Above the Ocean

The outdoor experience unfolds across a series of expansive terraces designed to maximize the estate’s commanding blufftop position.

A resort-style swimming pool and spa overlook the Pacific, accompanied by multiple outdoor entertaining areas framed by mature landscaping and carefully curated gardens.

Every terrace has been positioned to celebrate Malibu’s year-round coastal climate while providing intimate gathering spaces for both large events and everyday living.

Yet one feature stands above them all.

An Oceanfront Pavilion That Defines the Property

At the edge of the estate sits a remarkable architectural pavilion that has become one of the property’s defining visual elements.

Supported by classical columns and positioned dramatically above the coastline, the structure frames uninterrupted Pacific Ocean views while creating a spectacular venue for entertaining.

Few residential properties in Malibu possess a comparable outdoor architectural statement.

Whether hosting sunset receptions, private dinners, or quiet evenings overlooking the ocean, the pavilion transforms the landscape into an extension of the residence itself.

“The pavilion is one of those spaces guests never forget,” Cortazzo said. “It captures everything buyers dream about when they imagine owning a landmark estate on Point Dume.”

Riviera III Beach Key Access Adds Exceptional Value

Beyond its architectural significance, the estate includes one of Malibu’s most sought-after ownership privileges.

The property conveys Riviera III Beach Key access, granting owners entry to one of Point Dume’s most exclusive stretches of sandy coastline.

Beach keys remain among Malibu’s most coveted amenities, offering a level of privacy and convenience that substantially enhances both lifestyle and long-term property value.

Combined with the estate’s commanding blufftop position, the beach access creates an uncommon duality: elevated panoramic ocean views alongside direct access to one of Southern California’s finest beaches.

A Legacy Property on Point Dume

Point Dume continues to represent one of California’s premier coastal residential markets, attracting entrepreneurs, entertainment executives, professional athletes, and international buyers seeking privacy along the Pacific.

Large blufftop parcels with significant existing improvements have become increasingly scarce, particularly those benefiting from grandfathered development rights and extensive building envelopes.

For buyers seeking additional market insight, our California Luxury Real Estate Market Guide explores current trends across the state’s premier coastal communities. Readers interested in similar landmark residences may also enjoy Largest Homes in California and Architecture Styles of Luxury Homes in California, which examine the state’s most architecturally significant estates.

According to Cortazzo, opportunities comparable to 28824 Cliffside Drive are becoming increasingly limited.

“This is more than an exceptional Malibu residence. It’s an irreplaceable coastal asset whose scale, location, and development rights simply cannot be reproduced under today’s regulatory environment.”

Prospective buyers can also explore additional photography, floor plans, pricing history, and current availability on Zillow.

Property Overview

• Address: 28824 Cliffside Drive, Malibu, California 90265
• Price: $90,000,000
• Bedrooms: 9
• Bathrooms: 15
• Interior Living Space: 17,701 square feet
• Additional Subterranean Garage: Approximately 9,500 square feet
• Lot Size: 1.16 acres
• Year Built: 1991
• Special Feature: Riviera III Beach Key access

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Listing Representation

The property is represented by Christopher Cortazzo of Compass, one of Malibu’s leading luxury real estate specialists. For additional information or to arrange a private showing, interested buyers may contact Christopher Cortazzo at (310) 579-5887.