The seller of this Malibu home is no longer the seller! Once listed as high at $20,000,000 an Encinal bluff house has now been listed at $14,950,000 with the bank being the seller. The bank owned home may be the most expensive piece of real estate for sale that comes under the “distressed” category in of Malibu. I showed the luxury home to a client back when the price was closer to $18m and though the home was great with a huge bonus pad located above that has build out potential for another home. The house has expansive decks, large partition doors the lend to an indoor outdoor flow, and is located above a private beach with stair access from the lowest deck.”It feels like you are on vacation at Lake Como, Italy,” one agent commented at a showing. The homes can be seen by calling Mike Gardner @ 310 699 8428.
A whopper of a new listing hit the Malibu less than an hour ago and is testing the upper limits of the real estate market at $49,950,000! The home is fit for Saudi royalty, Social Media Tycoons, Jay Diddy’s, and anyone up for an award next week with 9 bedrooms, 12 baths, and room for a serious car collection. The Doug Burdge designed Continue Reading »
Just listed in the MLS this week! One of the finest homes ever to be offered in Malibu for sale. This home has 180 degree views of the Santa Monica Bay and whitewater views of Point Dume. Follow the house on Twitter for updates about showings, TV show air dates, etc. $13,950,000 with ~14,000 sq.ft. on ~20 acres with room for a large vineyard. Shown to qualified buyers, 310 699 8428 Follow here
Update! Just saw this house hours ago and it has a 4th bedroom. It’s a great place and has a lot of potential to be built out.
A new listing on Point Dume hit the Malibu real estate market yesterday. The remodeled ranch home is located at 6847 Wildlife and is close enough to the beach that you should be able to walk to the water in under 2 minutes and hear the waves at night. The property is on nearly an acre of land with the home being around 1900 sq.ft. having three bedrooms. The current house is nice enough to live in and kept as is, but the property will likely find a buyer who will build something much larger. The home for sale is listed at $3,450,000 and my bet is that it will sell fast! Call to see it before it’s too late. 310 699 8428
Seeing that there were over 1000 page views on the blog today I’m going to break a story that I was trying to hold off on. I’ve got a new listing in Malibu, maybe, one of the nicest homes ever to be offered on the market. I’m working on the website now but will show a pic below. Here’s the news…The listing was given to myself and David Findley of Partners Trust because we absolutely understand, no, live, breathe, eat, and preach the real estate marketing revolution that is taking place online. We have 20-30 “new school” ideas, web marketing methods, and social media tools that separate us from the Realtorsaurus types mentioned here. One tool is Twitter. Not going to reveal too much here but if you want to watch what we will be doing, I’m going to invite you right now to follow the listing @villacascata. Watch, learn, and understand how Twitter is more than just a few words about what kind of coffee you are drinking.
The Los Angeles Times has mentioned the Malibu Real Estate Blog in the online addition and will be in print this weekend. The article is about how the high-end market has shifted and why sellers need to rethink the way their homes are priced. I look at the positive side of this article in that buyers can pick up some great deals that a few years ago were out of reach.
I was referenced in a section about “chasing the market”. The article says it’s when a seller continually lowers the price of a home until a buyer is found. It is that but more. Chasing the market is when a seller has the price a little to high while the market is falling and when they lower the price it’s always a bit to late. The cycle repeats. Often, offers they said no to, end up being more than to what they lowered the price to. I have seen this happen numerous times in this market when the tides started to turn. Check out the link here.
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For seriously straight talk about actually buying a home and living in Malibu, call me on my cell at 310 699 8428.
There’s a skit on SNL/Hulu that we watch called “What Up With Dat”. It’s silly and doesn’t make a ton of sense but the catch phrase get’s so stuck in your head you to will be saying it to your spouse like I do. My wife will say, “The dog just jumped on the bed with dirty feet!” and I’ll reply, Continue Reading »
No, it does not have Asanti Diamond “Dubs” on the axles. No, there are no oil reserves underneath, and you don’t even own the land. What you do get is an incredible ocean view on Point Dume, Malibu and the security knowing that tornados Continue Reading »
If you spend time listening to the doom and gloomers there’s a good chance that you might believe that nothing is going on with the Malibu real estate market. Well, let me say that a lot has been going on. 24 properties have closed in Malibu within the last 60 days. Let’s go over just a few of them so that you won’t be mislead into believing that no one is buying. When is the last time you heard a news report describing all the multi million dollar homes that have sold?
30553 MORNING VIEW DR $14,995,000
31950 1/2 PACIFIC COAST HWY$6,300,000 Continue Reading »
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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