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The Malibu Real Estate Blog
Giving you the low down on the high end.

2 Paradise Cove Mobile Homes Seeking Record Prices

2 Paradise Cove Mobile Homes Seeking Record Prices    

February 21 2015 · by

This was predictable. With the recent sale of a mobile home at $2000 per sq.ft. it was only a matter of time before neighbors would start to question what their homes would be worth – and who can blame them? Prices have been skyrocketing over the last few years, almost more than any other area in Malibu including Point Dume. There are numerous... 

2 Paradise Cove Mobile Homes Seeking Record Prices

This was predictable. With the recent sale of a mobile home at $2000 per sq.ft. it was only a matter of time before neighbors would start to question what their homes would be worth – and who can blame them?

Prices have been skyrocketing over the last few years, almost more than any other area in Malibu including Point Dume. There are numerous mobile homes in Paradise Cove that are easily worth double now from what they were 4 years ago and it’s hard to say just how far this wave of buying will go. Buyer’s are looking at mobile homes as the most affordable way to have a weekend beach house in Malibu. With no property tax, no water bill, and almost no major maintenance bills, for some it makes more sense than a small beach house

Just this week, two really well done Paradise Cove mobile homes came to the market with prices that are likely going to cause even more residents to be tempted to list their homes. “If they can get that, then I can get X..and for X I’m willing to move” is what is going through many owners heads right now. Both units are ready to be used and enjoyed right away and the private beach is less than a minute away by golf cart. I know it doesn’t make sense to many of you reading this right now, but trust me, go see what $2m can get you near Moonshadows on PCH then come here for a tour. This place wins.

The first mobile home came on the market last week  at $3,749,000 and it’s a real beauty! I had a chance to tour it a few days ago was impressed with how open and light every room was. The finishes were all well done and the ocean views were nice. This one has a very usable back yard and the mature trees surrounding it gives it some extra privacy. From the MLS “ABSOLUTELY GORGEOUS BEACH HOME IN PARADISE COVE WITH AMAZING WHITE-WATER VIEWS. SITUATED ON ONE OF THE MOST SOUGHT AFTER STREETS IN THE COVE & ON ONE OF THE LARGEST LOTS, THIS HOME WAS DESIGNED FOR THE ULTIMATE IN INDOOR/OUTDOOR CALIFORNIA BEACH LIVING. FEATURING OVER 2000 SQ. FT. OF INTERIOR LIVING SPACE, A HUGE BACK YARD & OVER 1000 SQ. FT. OF WRAP AROUND VIEW DECKS… THIS HOME IS YOUR PERFECT BEACH GET-A-WAY. 3 BEDROOMS, 2 BATHROOMS & A SPACIOUS OPEN FLOOR PLAN, THIS BEACH HOME WAS CAREFULLY REMODELED & DECORATED WITH AN INCREDIBLE ATTENTION TO DETAIL. FEATURES INCLUDE… COOKS KITCHEN WITH STAINLESS STEEL APPLIANCES & STONE COUNTER TOPS… OCEAN VIEW LIVING ROOM WITH DOUBLE FRENCH DOORS LEADING TO WRAP-AROUND VIEW DECKS… HUGE MASTER BEDROOM WITH FRENCH DOORS LEADING TO THE SPACIOUS, PRIVATE BACK YARD…THIS HOME HAS IT ALL… START YOUR SUMMER TODAY”

Paradise Cove Mobile Homes for saleMalibu manufactured homesParadise Cove Malibu Ca for saleMalibu mobile home parkmobile home remodelmobile homes for sale in Malibu camalibu mobile homes for sale

 

The next mobile home to hit the Paradise Cove real estate market came on just a few days ago at $2,195,000. Unit 233 has undergone a major renovation and is super stylish with a deign that looks more like a prefab home than a mobile one. It comes with a golf cart too! From the MLS ” A STUNNING, ARCHITECTURAL/MODERN 2BDRM, 2 BTH, HOME IN PARADISE COVE. LOCATED ON THE DESIRABLE UPPER LEVEL, BLUFF AREA. RECENTLY COMPLETED, CUSTOM BUILT, WITH INTERIORS THAT FEATURE WOOD FLOORS, TILED BATHROOMS, ALL “VIKING” KITCHEN WITH SLATE COUNTERS, LIVING ROOM WITH SLATE FIREPLACE, CENTRAL A/C AND “SONOS” EQUIPPED AUDIO SYSTEM, WIRED THROUGHOUT. LARGE MASTER BATH AND BEDROOM WITH FRENCH DOORS TO PRIVATE BACK GARDEN. SMOOTH STUCCO EXTERIOR, WOOD DECKS, FULLY LANDSCAPED, OUTDOOR FIRE PIT AND “VIKING” GRILL. GOLF CART INCLUDED”

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Point Dume Home For Sale Listed at $3,480,000

Point Dume Home For Sale Listed at $3,480,000    

February 2 2015 · by

You know a market is hot when all I can think about is the numerous people I know waiting to get an email about a new Point Dume home for sale and how quickly I need to get the info out to them. By the time you’ve read this a dozen agents have sent their clients the intel and a few hundred automated “drip” emails likely sent it out... 

Point Dume Home For Sale Listed at $3,480,000

You know a market is hot when all I can think about is the numerous people I know waiting to get an email about a new Point Dume home for sale and how quickly I need to get the info out to them. By the time you’ve read this a dozen agents have sent their clients the intel and a few hundred automated “drip” emails likely sent it out too.  The good news is that because this listing is only a few hours old, there is still time to make an appointment and just maybe, get a shot a making an offer!

 

In all the years I’ve been selling homes on Point Dume one thing is for sure…if your agent isn’t plugged in with what’s going on then you are at a huge disadvantage! My current escrow on Point Dume is by word of mouth. A showing last week at my Cliffside pocket listing that generated a substantial offer…again, word of mouth. And last year, I was able to put a Point Dume condo in to escrow just hours after the listing agent got signed paperwork…it never made it to the MLS. This happens a lot!

So here is the low down today. A really nice home was listed on Selfridge. The home is a one story hacienda style home with a large backyard and pool. The home has beach rights at the Wildlife gate and is a short distance the beach, Point Dume elementary, and to shopping on Heathercliff. The home has 4 bedrooms and 3 baths with about 3200 sq.ft. There is also a bonus room that can be used as a studio or office. Asking $3,480,000

From the MLS “THIS VERY PRIVATE PROPERTY SITS UP A LONG DRIVEWAY AND BEHIND GATES OFFERS 4 BEDROOMS AND 3 BATHS. ENTER THROUGH BEAUTIFUL CUSTOM GLASS AND IRON DOORS INTO A WARM GREAT ROOM WITH WALL TO CEILING GLASS DOORS THAT LEAD OUT INTO THE LARGE OPEN PATIO AREAS IDEAL FOR INDOOR/OUTDOOR ENTERTAINING. THE BRIGHT KITCHEN FEATURES A DINING AREA WITH VIEWS OF FRUIT TREES, A FULL SIZE WINE FRIDGE, CUSTOM CABINETS, GRANITE COUNTER TOPS AND TOP-OF-THE-LINE STAINLESS STEEL APPLIANCES. ONE WING OF THE HOME OFFERS 3 BEDROOMS WITH AMPLE CLOSET SPACE. THE MASTER SUITE IS AT THE END OF THE HOME AND HAS VIEWS OF THE EXPANSIVE LUSH YARD. THERE’S A SEPARATE BONUS ROOM WITH CEDAR PLANKS AND SMOOTH POLISHED CEMENT FLOOR IN THE BACK THAT CAN BE USED AS AN OFFICE OR STUDIO. THE EXTREMELY LARGE BACKYARD HAS OPEN AREAS FOR ENTERTAINING AND OUTDOOR DINING, ARTIFICIAL TURF AND OUTDOOR SHOWER. THERE ARE OCEAN AND CITY LIGHTS VIEWS. SEPARATE 2 CAR GARAGE. EXTREMELY QUIET AND PRIVATE.”

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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. Listed with Santigo Arana/ The Agency. 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. 




Paradise Cove Mobile Home Sale Sets New Record

Paradise Cove Mobile Home Sale Sets New Record    

January 24 2015 · by

A Paradise Cove mobile homes has just closed, selling at a record setting $2000 per sq.ft. for this neighborhood and I’ve got the exclusive photos to share with readers of Themaliburealestateblog.com! Interesting that a  $60m sale just happened a few hundred yards away! One of the hottest segments within the Malibu real estate market has... 

Paradise Cove Mobile Home Sale Sets New Record

A Paradise Cove mobile homes has just closed, selling at a record setting $2000 per sq.ft. for this neighborhood and I’ve got the exclusive photos to share with readers of Themaliburealestateblog.com! Interesting that a  $60m sale just happened a few hundred yards away!

One of the hottest segments within the Malibu real estate market has been with the sales of mobile homes in Paradise Cove. About 3 years ago,Vanity Fair published an article about Paradise Cove touting it as Malibu’s “bohemian trailer park.”  I believe that this article is responsible for putting the park on the radar of anyone seeking an alternative to the standard idea of the beach homes seen on stretches of beach along Malibu Road, Escondido, etc. Why spend $4m to $6m for a weekend house when you can do the same for under $1m? That’s what a lot of people thought and what started the wave of buying in Paradise Cove. Prices escalated and to this day, they continue to climb.

Nothing could be more evident of this change than when a bluff top mobile home was purchased last year for $4m. A record price for a mobile home and likely the highest price ever paid for one. Guess what? …It was worth every penny and is worth even more today!

Just a few days ago, I was told about an upcoming sale that I can now freely report. Sandy Bell is a local in the Cove and has a knack for remodeling mobile homes. She’s bought and sold more units in Paradise Cove than anyone else and here’s why….When Sandy buys a unit, she plans on making it her own. She gives the mobile home a major makeover and doesn’t spare any expense with the remodel. Viking Ranges, marble counter tops, and high pitched ceilings with beams make her remodels look like a real home….one that Restoration Hardware could do a complete catalog shoot in.

The problem is that Sandy creates such an amazing place that other people soon desire it and are willing to pay a premium for it.  She never intends to sell, but it’s hard to say no to people willing to pay so much for her efforts. This has happened many times and it just happened again this weekend, except this time the sale was bigger than anything previous.

About eight months ago, Sandy got hold of a rundown mobile home with about 1000 sq. ft.  It sat in a unique section of Paradise Cove where the coaches sit on a raised bluff over looking the pier and ocean. Every inch of the mobile home would need to be remodeled. She started by raising the roof and adding large beams. Next came an extended deck to take in the ocean views and afternoon sea breeze. The kitchen would be completely “high end” with Carrara marble counter tops, vintage nickel plated hardware, and custom built cabinetry with patina’d brass pulls that resemble dock cleats.

With only 1000 sq.ft., Sandy was able to find room for two bedrooms (both with ocean views), two bathrooms with more marble and large walk-in showers, and a  living room with a fireplace and room for an oversized sofa and love seats. Every part of this place was perfectly executed with the right colors, materials, and finishes. It is no longer an old low-roofed mobile home…it is now a charming little beach cottage that she and her husband planned on living in for a long time.

But no surprise to Sandy, someone else took notice of the place and soon an offer was made. One that made Sandy seriously need to think about it. Well, history has a way of repeating itself and her dream home has now become someone else’s…for $2,000,000! At $2000 per sq.ft., I believe this sale now is the highest price per sq.ft. ever paid for a mobile home where the land is leased.

There are other units like this that have sold without ever hitting the market. I’ve sold numerous units in Paradise Cove and always know about a few that are available for sale. Call me at 310-699-8428  to find out more about Paradise Cove.

Here are the pictures I took just a few days ago. Any preconceived notions of what a mobile home is may need to change!

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Malibu Riviera Motel Officially Up For Sale

Malibu Riviera Motel Officially Up For Sale    

January 10 2015 · by

Want to roll big like Larry Ellison and buy a motel in Malibu? The infamous Malibu Riviera Motel is now being offered at $7.5m.   The first rumors about the motel being for sale started to hit my radar yesterday. I followed up on a couple of leads and finally had a chance to to talk to the listing agent who says he has a signed listing agreement... 

Malibu Riviera Motel Officially Up For Sale

Want to roll big like Larry Ellison and buy a motel in Malibu? The infamous Malibu Riviera Motel is now being offered at $7.5m.

 

The first rumors about the motel being for sale started to hit my radar yesterday. I followed up on a couple of leads and finally had a chance to to talk to the listing agent who says he has a signed listing agreement with the owners and will soon put it in the MLS.

The property located at 28920 PCH has been owned by the same family since 1947 and little has changed since. The 12 unit, single story motel consist of cinder block construction with 14’x20′ rooms that run along PCH near Kanan. The CV-1 zoning is very rare in Malibu and might be the reason why the owners are asking $7.5m. The motel sits on 4.34 acres of land but a good portion is likely unusable. No word yet if the parcel comes with any deeded beach rights to Little Dume.

If you have ever traveled up and down PCH you too may have wondered what is going on at the motel. It’s definitely is the kind of place that Hotel Rescue should film an episode at. Some days there are one or two cars at most in the parking lot and occasionally you will see a film crew shooting for a few days, probably generating a few bucks to keep the lights on. Even though there is no ocean view, no food services, and sits close to PCH, you can’t help but be drawn in to the fantasy of giving this place a makeover. $7.5m is an ambitious number but someone with the right vision may just be able to turn this motel into something hipsters and value conscious travels consider staying at……similar to what Shelter Social Club did with The Ojai Rancho Inn.

The circa 2000 website can be found at http://www.maliburivieramotel.com and boasts “Our rooms are comfortable, warm and offer reasonable accomidations close to some breathtaking sights and great food selections.”

Interested parties should get on it before Larry Ellison decides he needs another project.

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Rare Listing – Point Dume Condo With Beach Rights

Rare Listing – Point Dume Condo With Beach Rights    

January 6 2015 · by

Point Dume condos with beach rights rarely come up for sale…maybe one year if you are lucky! New this week is a really clean  2 bedroom 2 bath unit located in the Heathercliff Colony right next to the Point Dume shopping center. The unit does not have ocean views but its could be one of the nicest units available in the complex with it’s... 

Rare Listing – Point Dume Condo With Beach Rights

Point Dume condos with beach rights rarely come up for sale…maybe one year if you are lucky! New this week is a really clean  2 bedroom 2 bath unit located in the Heathercliff Colony right next to the Point Dume shopping center. The unit does not have ocean views but its could be one of the nicest units available in the complex with it’s extensive remodeling. I saw the home last year and was impressed with what the current owner did with the place. Everything was updated with a very clean, modern aesthetic. Some of the best money was spent in the kitchen and bathrooms with great choices in hardware, tile, and appliances.

The complex is fairly small with only about 15 units and is gated. All the units have their own two car garages and there is a small pool and spa. The property comes with deeded beach rights to Little Dume at the Greyfox gate. Current rents for a unit like this run from $4300 to $4800 per month and I don’t think it will be long before we see $5k per month. This Malibu condo for sale would make a great second home or rental unit.

Price: $995,000

From the MLS “MALIBU RIVIERA 3 PRIVATE ACCESS TO LITTLE DUME BEACH! THIS IS TRULY A RARE OPPORTUNITY TO OWN ON POINT DUME FOR UNDER A MILLION. OFFERING EXCLUSIVE, DEEDED BEACH RIGHTS, THIS STUNNING POINT DUME ARCHITECTURAL TOWNHOUSE IS LOCATED WITHIN WALKING DISTANCE OF SHOPS, MARKET AND POST OFFICE. THE METICULOUS TWO BEDROOM, TWO BATH INTERIOR TAKES DESIGNER ADVANTAGE OF THE OPEN FLOOR PLAN AND FEELS LIKE ‘SOHO’ IN MALIBU. COMPLETELY REMODELED WITH CUSTOM CONCRETE COUNTER TOPS AND FIREPLACES, WALNUT HARDWOOD FLOORING, STAINLESS STEEL APPLIANCES AND SOLID WOOD DOORS. SLEEK, CLEAN LINES ARE FURTHER ACCENTED BY CUSTOM ETCHED GLASS, PHILIPPE STARCK AND DORMUNDER FIXTURES AND TOILETS. EVEN THE ATTACHED GARAGE IS ‘STYLISH’. THE POINT’S ONLY SECURELY GATED COMPLEX WITH SWIMMING POOL IS ONLY MINUTES FROM YOUR OWN PRIVATE BEACH ACCESS AS WELL AS ACCLAIMED PT. DUME MARINE SCIENCE SCHOOL.”

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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. Listed with Jannette Frazier/ Real estate Malibu Partners. 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. 



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Art Basel Miami Draws Many From Malibu

Art Basel Miami Draws Many From Malibu    

December 10 2014 · by

Art Basel has just finished up in Miami and the event saw record numbers of visitors this year. Numerous friends of mine went to the shows scouting for art to place in their Malibu homes and many more went to network, be seen, and do a bit of partying. Maybe you too notice your Instagram feeds filling up with pictures from Miami. What struck me as... 

Art Basel Miami Draws Many From Malibu

Art Basel has just finished up in Miami and the event saw record numbers of visitors this year. Numerous friends of mine went to the shows scouting for art to place in their Malibu homes and many more went to network, be seen, and do a bit of partying. Maybe you too notice your Instagram feeds filling up with pictures from Miami.

What struck me as most interesting was how the show is becoming a place for the world’s top luxury brands to market their goods to this particular crowd. Bentley, NetJets, Sotheby’s, and Louis Vuitton were all there trying to market to the affluent group of art patrons, fashionistas, and high rollers.  The challenge was for them not to appear as though they were marketing to the crowd, but participating with the crowd by showing that their brand’s goods are just like art being shown.
Sotheby’s International Real Estate, the firm I work for, hosted a few events showing off several new projects along the beach in Miami. One project, The Ocean Residences at Bal Harbour, placed a Jeff Koons sculpture at the entrance and is clearly identifying itself as a place for art patrons to consider making a purchase. The PDF can be found here and I do have a great contact in Miami if you are interested in learning more about a purchase there.
I was curious to hear if there was too much of this now invading the art show so I asked a Malibu art dealer to comment on the scene.
Malibu Real Estate Blog: So I just got a text from some friends and Malibu residents saying they were at Art Basel Miami Beach and running into other friends from Malibu. Sounds like it’s the hot place to be?
Debbie Frank: Art Basel Miami Beach has become the hottest art fair in the states. People from all over the world flock to Miami to see art and party. If you know someone who goes to galleries in LA, chances are they booked a flight and a room in Miami last week. There were probably 30-40 people from Malibu in attendance.
MREB: Are there any local artists that are participating in the event?
Debbie Frank: There are several artists that I represent showing at various pop up galleries around South Beach……Revok, Kelsey Brookes and others were all there showing their best works.
MREB: Who are the hot artists to see right now at Art Basel?
Debbie Frank: It’s a mixture between the classics and emerging artists.  One of the hottest new artists showing at the Rubell Family Collection is Lucy Dodd.
MREB: If someone can’t make it to Florida, how can you as a local art dealer help someone find a great work of art?
Debbie Frank: I have several shows a year in Malibu that attract an intimate and fun crowd. I also do a lot of consulting trying to match artists with particular client’s needs. I get to know the buyer, hear what their collection goals are and then start introducing work for them to review. They can contact me at debbiefrank@mac.com
MREB: It sounds like a lot of fashion houses and global luxury brands are realizing that this is one of the places to be.   Do you think there will be any backlash or are they executing their self promotion in a way that goes with the event?
Debbie Frank: I think fashion and art go hand in hand and there are several great collaborations that have come out of Miami….Retna and Louis Vuitton are a few that come to mind. Louis Vuitton had a great project resurrecting the designs of Pierre Paulin, a French furniture designer who stretched swimwear materials over traditional chairs.
In regards to any backlash, as long as the brand is showing that they are sincere supporters of art or involved in collaborations, there won’t be any resentment for them being at the show. Done in the right way, they crowd will appreciate their effort.



Point Dume Rental With Beach Key $5650

Point Dume Rental With Beach Key $5650    

November 18 2014 · by

Deal alert! Trust me this will be gone in less than 24 hours! A Point Dume rental has come up on Bison Court for a very reasonable price. Offered at $5650, the 3 bedroom ranch house sit’s on a large flat lot, has a beach key, and is close to Point Dume Marine Science School. The home is very original with a ranch style kitchen with pine cabinets... 

Point Dume Rental With Beach Key $5650

Deal alert! Trust me this will be gone in less than 24 hours!

A Point Dume rental has come up on Bison Court for a very reasonable price. Offered at $5650, the 3 bedroom ranch house sit’s on a large flat lot, has a beach key, and is close to Point Dume Marine Science School. The home is very original with a ranch style kitchen with pine cabinets and yellow tiles, two fireplaces, and period correct bathrooms with pink tiles!

From the MLS “CHARMING RANCH HOME ON POINT DUME WITH BEACH KEY TO LITTLE DUME BEACH ON A LARGE, FLAT, APPROX. 1 ACRE LOT. THIS 3 BD, 2 SINGLE STORY, RANCH STYLE HOME WITH A LARGE SUN DECK, OPEN FLOOR PLAN AND 2 CAR GARAGE IS AUTHENTIC POINT DUME LIVING. CLOSE TO THE POINT DUME SCHOOLS, SHOPS AND BEACHES. LIVETHE MALIBU DREAM ON A QUIET, CUL-DE-SAC STREET, AND ENJOY THE BEST THIS MALIBU LOCATION AND LIFESTYLE HAS TO OFFER. AVAILABLE IMMEDIATELY.”

Check out the pics below and call me for a showing today….it really will be gone in a matter of hour. 310-699-8428

Point Dume  beach keys

Malibu Ranch house
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. Listed with Shen Shulz Sotheby’s International Really. 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. 



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African Dictator’s Home In Malibu To be The Next Mega Sale?

African Dictator’s Home In Malibu To be The Next Mega ...    

October 23 2014 · by

It’s been a tough month for an African dictator’s son that once attended Pepperdine. Malibu’s second most wanted must give up $70m in assets including his Malibu mansion above the pier. I have to admit that everytime I see a picture of this guy (his real name is Teodoro Nguema Obiang Mangue), I cant hep but to the think of the movie... 

African Dictator’s Home In Malibu To be The Next Mega Sale?

It’s been a tough month for an African dictator’s son that once attended Pepperdine. Malibu’s second most wanted must give up $70m in assets including his Malibu mansion above the pier.

I have to admit that everytime I see a picture of this guy (his real name is Teodoro Nguema Obiang Mangue), I cant hep but to the think of the movie Lord Of War where Nicolas Cage must do businesses with a dictator in Sierra Leone. I’m not sure what it is about dictators and their kids, but they all seem to shop at the same mens store where you can only purchase one thing…..weird polyester button down shirts. This guy rocks one with pictures of himself and his name all over it just to remind everyone who he is!

So the big news in Malibu this week is that the D.O.J. finally put a case together and went after the playboy son of president Teodoro Obiang Nguema of Equitorial Guinea. The settlement includes his Malibu home, a car collection at the Petersen Museum, and a ton of Michael Jackson memorabilia. Remember the guy in Lord of War who had to have the gun of Rambo? This guy had to have the glove of Michael Jackson and paid almost $500,000 for the sparkly one seen on the ‘Bad tour’

The palatial home sits above Surfrider beach and is one of the largest homes in all of Malibu. The Meditteranean style home sits on several acres, with panoramic views, and from my best guess, has about 20,000 sq.ft. under roof. Even the “Gate House” is bigger than most homes in Malibu!

The news reports I’m reading all seem to say that the house is worth about $30m. I think it’s worth much more and if that’s what the government credited him in the settlement of funds, then they got a great deal. I’d say it’s worth closer to $50m and maybe even more.

playa




Point Dume Home Closes After 40 Plus Showings in 2 Weeks!

Point Dume Home Closes After 40 Plus Showings in 2 Weeks!    

October 2 2014 · by

After a few weeks of frenzied showings and multiple offers, the Point Dume probate that came on the market for $2,495,000 has closed for $3,250,000. The real estate market for Point Dume homes continues to show strength with the most recent offering closing well about the asking price. The small ranch house came on the market about a month ago as a... 

Point Dume Home Closes After 40 Plus Showings in 2 Weeks!

After a few weeks of frenzied showings and multiple offers, the Point Dume probate that came on the market for $2,495,000 has closed for $3,250,000.

The real estate market for Point Dume homes continues to show strength with the most recent offering closing well about the asking price. The small ranch house came on the market about a month ago as a probate and had many challenges that likely scared a bunch of buyers away. It wouldn’t have mattered much anyways as the sharks started honing in on a getting their offers in. Rookie buyers didn’t have a chance because at the end of the day 6 people made offers. All were either professional investors or very experienced locals who weren’t scared of a disclosure list as long at the local LCP rule book.

What’s interesting is that the listing in the MLS only showed 2 photos that, let’s say, were not so sexy. The word of mouth that spread about a great deal on Point Dume spread like a Santa Ana driven wildfire and soon the listing agents were getting 3-6 requests a day to see the property.

The home, located at 28841 Boniface, is an oddly configured 2 bedroom with a bootleg conversion in the garage. There is a pool (60’s style small one) and the lot had plenty of room in back for a large project. The home has deeded beach rights to Little Dume with a beach key. The best use of the main house right now is to use it as a rental then later downsize it to conform to a guest house after a large home is complete. Something local architect Doug Burdge has done many times on Point Dume!

From the MLS “THIS IS A PROBATE SALE. GREAT OPPORTUNITY TO PURCHASE ON PT. DUME WITH KEY TO THE BEACH. ALL OFFERS TO BE SUBMITTED ON C.A.R. PROBATE PURCHASE AGREEMENT (PPA-11), PROBATE ADVISORY (2 PAGES), WITH SELLER’S “AS-IS” ADDENDUM DISCLOSURE. ALL OFFERS SUBJECT TO TRUST COMPANY AND BENEFICIARY APPROVAL AS APPLICABLE. SELLER’S CHOICE OF SERVICES. BUYER TO SUBMIT LENDER PRE-QUAL LETTER AND PROOF OF FUNDS. PROPERTY IS TO BE PROPERLY EXPOSED TO THE OPEN MARKET AND THE ADMINISTRATOR WILL NOT RESPOND TO ANY OFFERS BEFORE SEPTEMBER 10, 2014. SELLER WILL NOT PROVIDE TERMITE REPORT AND CLEARANCE, HOME PROTECTION POLICY, REPAIRS OR CREDIT FOR REPAIRS. THE CITY OF MALIBU HAS RECORDED A VIOLATION AGAINST THE PROPERTY FOR AN UN-PERMITTED HABITABLE STRUCTURE (GUEST HOUSE) AND BUYER WILL BE RESPONSIBLE FOR THE REMOVAL OF THE UN-PERMITTED STRUCTURE AFTER THE CLOSE OF ESCROW. BUYER IS RESPONSIBLE FOR ANY AND ALL COSTS ASSOCIATED WITH OBTAINING A CITY OF MALIBU ONSITE WASTE WATER OPERATING PERMIT.”

I personally had one person make an offer out of the 6. I was able to let him know about the deal a few days before it hit the MLS. Of the six deals I’ve closed on Point Dume, almost half of them happened because I knew about them before they hit the MLS. Call me to discuss any needs you have on Point Dume and if you would like to be on my priority list of buyers for the Point. Once I get wind of a property, I go thru my list and start hitting the phones! With my recent sale of $8m on Birdview, I’ve now sold close to $35m worth of real estate on Point Dume! Mike Gardner 310 699 8428

To learn more about Point Dume check out our Point Dume community page with all the latest listings!



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Prudential Malibu Realty Is Now Sotheby’s International

Prudential Malibu Realty Is Now Sotheby’s Internationa...    

September 2 2014 · by

Breaking news! Just 5 minutes ago, while sitting in my office meeting, our company announced that we would be joining Sotheby’s International Realty. Bye Bye Prudential, Hello Sotheby’s Over the weekend all Prudential signs were covered up and will soon display the new Sotheby’s signs. Business cards were given to us, new email addresses,... 

Prudential Malibu Realty Is Now Sotheby’s International

Breaking news! Just 5 minutes ago, while sitting in my office meeting, our company announced that we would be joining Sotheby’s International Realty.

Bye Bye Prudential, Hello Sotheby’s

Over the weekend all Prudential signs were covered up and will soon display the new Sotheby’s signs.

Business cards were given to us, new email addresses, and a 20 pound welcome package showing all the amazing marketing materials Sotheby’s has to offer.

We have a celebration party on Thursday and marketing orientation of Friday….super excited to see us take market share in Malibu!




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