May’s Landing on Point Dume has finally come back on the market and it’s one of the greatest building sites along the entire California coastline.
May’s Landing is the UCLA owned property located on Cliffiside drive on Point Dume. The previous owner left the estate to UCLA in her will and the 1949 home is still completely original in character. It is arguably the most significant building site for sale in all of Malibu. The views from the home are incredible and the way it faces down the coast can only be found at two other sites. Those two other sites both sold for record amounts. The home is a short walk to the beach and comes with deeded beach access along the private trail located in the cul-de-sac on Cliffside.
The home first came on the market last year and was subject to a sealed bidding process where buyers had to submit a package to be reviewed by the UCLA Board of Reagents. I hear that several people submitted packages and that one package got seriously reviewed. The rules for submitting an offer were very specific and rumor has it that there was an item in that offer that made it unacceptable to the board. That’s why we now see it back on the market and why the MLS description is stating again that there is an opening bid of $9,950,000 with the same rules as before.
I believe that a new home built on this site could easily be worth over $25m maybe even $30m. Local architect Doug Burdge has been researching the parcel and is available for a free consultation on site to qualified buyers. He can explain everything one needs to know about the best use of the lot and the process of building a new home on this site.
If you are in the market for significant project on Point Dume, please call me to arrange for a showing and a possible meeting with Doug. Trust me….this is one you do not want to miss.
From the MLS ” Rare opportunity to acquire one of Malibu’s ultimate bluff properties. May’s Landing is now available. Prime Point Dume location. On the coveted east end of prestigious Cliffside Dr. Perched on a private knoll top above the sea. Unparalleled whitewater, ocean and coastline views. Over 200′ of ocean bluff frontage. A naturally beautiful and dramatic 1.3-acre setting with mature trees and beautiful gardens. Gated, peaceful and private with deeded beach rights/key to Little Dume. Vintage 1950’s honeymoon cottage to remodel though most would tear down and build a major bluff estate. Truly one of a kind, with unmatched ocean views, stately grounds and a premium address. Property is University owned and to be sold by sealed bid sale. Minimum bid $9,550,000.”
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Listing courtesy of Mark Gruskin / WEATags: May's Landing, point dume homes for sale