The Malibu Real Estate Blog

Local agent Madison Hildebrand shows his “Real Estate” on the cover of PlayGirl. Right next to Body Building Hunks Showing Off Their “Junk”!

A new listing hit the Malibu Real Estate market this morning with an asking price of $27,000,000. The 1 story Fred LLoyd Wright design sits on 5 acres of coastal bluff directly above the Pacific with it’s own private trail down to the sand. There are currently a dozen or more listed and unlisted properties for sale in Malibu over $15,000,000. Many will set new price records if they sell. Call for showings 310 699 8428 

The home is listed with Paul Randall/Coldwell Banker

With this Point Dume home going into escrow on Selfridge somewhere around $2.5m, another house on Point Dume has smartly lowered it’s asking price from $3,200,000, then to $2,975,000, and finally to $2,750,000 making it a great price for an ocean view home on Dume Drive.

The home is listed with Brian Merrick/ Coldwell Banker

“I know you’re sitting pretty in the Hampty Hamps, Posing like you’re rolling with that camp.”-Beastie Boys song Shazam.

If you too would like to sit pretty on the West Coast then stop posing and come have a look at this home on Broad Beach. Forget the real estate in the Hamptons where snow, not sand, is what you’ll see in the all winter. Move to Malibu, where sunny winters days can reach 80 degrees.

The authentic east coast style home was built in 1946 making it one of the first homes on Broad Beach. I must say that this home had some of the nicest construction details I had ever seen for a home of the this age. The home has numerous details that give it a feel of being on an enormous luxury yacht. There are large, round, wood-framed window that look like port holes. Some of these windows are even located on walls between two rooms. The main living room has large ceiling beams that are curved and give you the feeling of being inside an ark. In this room you will find a large fire place constructed out of hand gathered stones off the beach.

The actual price of the home is $22,000,000 and the basket ball court next door will run you the extra $14,000,000. You actually get more than a basket ball court, you get an additional APN so you’ll have one less neighbor, an investment property, or a place to build a spare beach house.

The homes website is here Hamptons in Malibu 

Qualified buyers can request a showing by calling the number below.

Mike Gardner

310 699 8428 

Maybe Carbon Beach should change it’s name to Diamond Beach? A $65,000,000 beach home has become Malibu real estate’s most expensive beach listing. Here is the description…
THE “CROWN” OF CARBON BEACH. THE ULTIMATE BEACH ESTATE ON 150′ OF BEACH-FRONT. THIS HOME HAS IT ALL – THEATER, PANELED OFFICE, MASTER W/ HIS & HERS, GYM, FAMILY ROOM, PUB, 75′ BEACH-FRONT POOL & SPA. IF YOU ARE LOOKING FOR THE FINEST HOME ON THE PREMIER BEACH IN MALIBU, THIS IS WHAT YOU HAVE BEEN WAITING FOR. ALL CLIENTS MUST BE PREQUALIFIED AND APPROVED BY SELLER. NEED 24-HOUR NOTICE TO SHOW.
Can’t afford $65,000,000? Call me for info on the “lower tier”, $20,000,000-$40,000,000 unlisted homes on other beaches. 310 699 8428

The Crown is listed with Stephen Shapiro/WEA

Point Dume Real Estate Search

Click this link to be taken to an MLS search for condos, mobile homes, and estates for sale on Point Dume.The user id is x55032 and the password is dume

If you love doll houses, miss the Victorian Era, or are just plain ol’ looking for a distressed “good deal” within the Malibu real estate market, then this Point Dume house might be for you. The home is located on Grasswood near Point Dume Marine Science elementary school, has a beach key, an ocean view, over 7000 sq.ft. (apprx.), and a large yard. It originally came on the market at $8,500,000 but due to a divorce, and a need to sell, the owners have lowered the price to $5,495,000 with this description from the MLS…

“DIVORCE SALE! SELLERS EXTREMELY MOTIVATED. PHENOMENAL OPPORTUNITY. REDUCED OVER $3.0 MIL SINCE FIRST ON MARKET. OVER $1.25 MIL IN RECENT RENOVATIONS. EXQUISITE VICTORIAN W/DETACHED GUEST HOUSE ON GREAT PT. DUME STREET . BEAUTIFUL OCEAN AND CITY LIGHT VUS. VERY PRIVATE ON 1 ACRE OF LUSHLY LANDSCAPED GROUNDS. TRUE ESTATE PROPERTY OF UNCOMPROMISING QUALITY: INCL. GOURMET KITCHEN W/ LACORNEU STOVE, GRAND SECOND STORY MASTER, LUXURIOUS DINING/LIVING/BATH RMS, AND EXCEPTIONALLY APPOINTED GUEST SUITES!”
Call for other “deals” in Malibu 310 699 8428

The home is listed with Chris Cortazzo/Coldwell Banker

Deals are to be had once again in Malibu, even on the beach. Here is a home that hit the market in late 07 for $6,000,000. The home is located in the guard-gated enclave knows as the Malibu Cove Colony near Geoffrey’s restaurant. The home needed some work but has great views of Point Dume, is in the Paradise Cove Bay where it lies protected from the afternoon northwesterlies,  and is in a neighborhood of $5-6 mil. homes that rent for $40-60k per month in the summer. Over the course of 11 months, the home had 5  major price reductions and has just closed at $3,500,000. 

Check out the listing history below.The home was listed with Sandra Miller

What was this seller thinking? A condo goes up for sale in Malibu and starts with a listing price of $1,098,000. Many agents that saw it thought it was overpriced. 5 days later the seller drops it to $999,999. A drop of around 10%.  14 days later the seller raises it $1,150,000. An increase of 15%. 3 days after that the seller drops it over 20% and lists it at $899,999 with the following description. 

SHORT SALE!!!!!!!BRING ALL OFFERS SPECTACULAR MALIBU TOWNHOUSE WITH OCEAN VIEWS AND BALCONIES FROM EVERY ROOM! ENTER INTO AN ELEGANT LIVING SPACE WITH ROMANTIC FIREPLACE, SPACIOUS DINING AREA AND A MAGNIFICENT GOURMET KITCHEN. 2 BEDROOM SUITES UPSTAIRS EACH WITH PRIVATE BATH AND OCEAN VIEW PATIO. CONVENIENTLY LOCATED TO CROSS CREEK COUNTRY MART, MINUTES FROM SANTA MONICA BUT FEELS LIKE YOUR IN ANOTHER WORLD. COME HOME TO MALIBU!

It is now in escrow.

Sellers who “need to sell”  should take note that in this market you really have to price your home at realistic price. Don’t play with numbers. Analyze the market and set a realistic asking price. If you don’t have offers after 30, or most 60 days, you need to reduce the price before it’s too late. 

A home (more like a funky shack) at 21106 Pacific Coast Highway burned down this morning. The house was listed for sale at $2,595,000 and had been on the market for almost one year. The blaze scorched both neighbors homes on either side. Here is the extensive MLS description…”Original beach shack bring your hammer.” Yep, that sums in up. It’s a fixer. I mean was a fixer. Below are the “Before” pictures.

And After

The home was listed with Steve Karsh of Malibu Surf Realty.

Most agents go into a listing appointment hoping for a 6% commission but will often get the contract signed at 5%. In areas like Malibu and other expensive communities, it’s not unusual for the commission to be 4% on homes that are $6,000,000 or more. This beautiful home on Broad Beach not only offers an exclusive address right on the sand,  but a whopping 7.5% total commission with the buyer’s agent receiving 5%! If the house closes at the asking price the agent who brings the buyer will walk away with close to $250,000 AFTER the split (based on a 50/50 split) with their brokerage! This is one motivated seller!  Here is the MLS description-   A CLASSIC MID-CENTURY “WALLACE NEFF” BEACH HOUSE, COMPLETELY AND TASTEFULLY UPDATED! CAPE COD HOME ON ONE OF MALIBU’S MOST EXCLUSIVE BEACHES. LIGHT, BRIGHT AND COMFORTABLE WITH PRIVATE BEACH SIDE PATIO. SHOWN BY APPT ONLY TO QUALIFIED BUYERS. This Broad Beach home is listed for $10,495,000 and has 4 bedrooms, 3 baths, with approx. 2340 sq.ft.

To any sellers out there wondering how to motivate agents to bring buyers….. raise the commission!

Call me to view the property. Mike Gardner  310 699 8428 

Click here to go to the website.

The home is listed with Tony and Alan Mark of Prudential Malibu Realty