For $375,000 you can buy a deluxe-Crayola-brown-tornado-proof-double-wide mobile home in Paradise Cove where you can do a surf check from your living room and walk to the beach in under a minute. This is the lowest price I’ve seen in the Cove for many years and what makes it a great deal is the ocean view.
Think about the benefits….
No property taxes, no gardener to pay, you can take it with you, and there’s a couple of spare tires underneath.
Where else can you live at the beach in Malibu for such a low price?
The mobile home is listed with David Carter of Pritchett- Rapf
It’s not often that you see a house like this for under $3,000,000 on Point Dume in Malibu. 2 years ago this price got you a tear down ranch house. Here’s the low down. The house is completely remodeled, has a good size yard with a large lawn, an nice ocean view, is close to Point Dume Marine Science Elementary School, and best of all …..a beach key to a private beach. At $2,495,000 It’s a smoking deal! Call me for more information about “Malibu Real Estate”. 310 699 8428
UPDATE>>>>IN ESCROW! There are other deals on the Point, including a few unlisted places!
The house is listed with Lily Harfouche of Coldwell banker
Tony Mark, KC Blinn, and myself have been putting on a community surf contest for a few years now and we just got this great video up! Go to the MCSA website.
Currently Malibu has 78 condos on the market and roughly half of them have had a price reduction since being listed. Only one has sold in the last 90 days and many agents are claiming the phone just ain’t ringing for condo’s right now. That’s a serious flat spell! The highest price unit on the market is $3.6m for a swanky new pad across the street from Billionaires Beach. Yes, it’s on the land side of PCH at that price, not on the beach. You’ll need another $20m to live on the other side of PCH 50 feet closer towards the sand. The lowest price condo is something many realtors thought they wouldn’t see….a unit under $500k.The complex, which is known as Malibu Gardens, lies between Kanan and Cavalleri on PCH and has a new listing at $499,000 for a 2 bedroom unit. A few weeks ago it was $559,000…a drop of more than 10 percent. It wasn’t long ago that the lowest price condo in this complex was closer to $575,000. With this many condos being on the market sellers are having to fiercely compete with other sellers to get their untis sold. I would venture to say than in the $1.5m and under category prices are down 10-15 percent off last years prices and could be heading to a 20 percent or more price drop.
Last week Prudential Realty announced that they signed an exclusive deal with a company called Wham Mobile which allows potential home buyers the ability to pull up in front of a real estate sign and send themselves a text message with all the information about the home. This is such a great idea because with Whammobile you will no longer have to jump out of the car and race over to the plexiglass box to grab the paper listing information which is often empty. The other benefit is that areas like PCH often have heavy traffic on summer days. Imagine how many thousands of drivers will pass by a sign that can send information just by dialing a few numbers! Want to know what the future of real estate marketing looks like? A sign in front of the home with a website (www.123mainstreet.com) and a text message number. Try this. On your mobile phone enter the numbers 555999 then look for the option to send sms text. Text the word Realtor1 then send. You should receive info about a home in seconds. Check out the YouTube video below and click here to read more at my Real Estate Tips Site.
For Questions about Malibu real estate, leases, vacation rentals, and where to eat, call Michael Gardner
Prudential Malibu Realty
Cell
1 310 699 8428
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