The Malibu Real Estate Blog

Malibu Real Estate Update. Two new Point Dume listings rock the market!

A new listing at 6957 Whitesands Place on Point Dume  came on the market last night at $13,500,000 with whitewater views and just a stone’s throw from the water’s edge. A few doors down on the edge of the  bluff is a larger estate at $28,000,000. In really rough terms, that $15m dollar difference pencils out to be about $1m for every 10 feet  you get closer to the edge of the bluff. Two very dif. properties but my guess is that they both will be seen by the same buyer. The other one can be seen here at www.pointdumehomesforsale.com

The other big news is about a very significant new listing over on Cliffside for $44,000,000!  From the MLS “THIS ARCHITECTURAL ESTATE IS BEYOND COMPARE AND SURPASSES THE MOST DISCRIMINATING EXPECTATION. SITTING ON A DRAMATIC OCEAN BLUFF, THIS IMPRESSIVE HOME OPENS TO NEVER ENDING VIEWS OF THE PACIFIC OCEAN. THE 11,741 SF PROPERTY IS SUPPORTED BY A COMBINATION OF MASSIVE ARCHITECTURAL ELEMENTS RISING OVER 40 FEET WHICH ARE IN TURN SOFTENED BY LAVISH FOLIAGE WEAVING ITS WAY UP TO A BACKYARD FILLED WITH DELIGHTFUL TRANQUILITY AND IMPRESSIVE VIEWS OF THE MALIBU COAST; THE OUTDOORS FEATURE A 62 FOOT ITALIAN GLASS-TILED POOL AND SEPARATE 18 FOOT SPA WITH AUTOMATIC OZONE CLEANING SYSTEMS. INTERIOR INCLUDES A PROFESSIONAL SCREENING ROOM, TOP-OF-THE-LINE CHEF’S KITCHEN, TRAVERTINE FLOORING, AND SPECTACULAR MASTER SUITE. CEILINGS ARE 14 FEET TALL, AND THROUGHOUT THE HOME THERE ARE FLOOR-TO-CEILING GLASS DOORS, WHICH PROVIDE A BEAUTIFUL AND SEAMLESS TRANSITION BETWEEN THE INTERIOR AND EXTERIOR.”  Call for a showing 310 699 8428 or email me
to request more ineo

Listed with C. Cortazzo CB Malibu

Huge price reduction on this Broad Beach home for sale. Now $6,999,000.
A rare opportunity to own an original Malibu treasure — a mid-century beach bungalow is currently being offered for sale on exclusive Broadbeach Road.

The home, built in 1955, sits on approximately 40 feet of prime beach frontage and has the added advantage of being located on a very deep, sandy lot. There are two bedrooms upstairs and a bonus room downstairs. This charming beach cottage is the kind of place to use and enjoy while you wait unit you’ve figured out what you’re going to build next.  I’ve visited the home several times and one of its most special features is that everything on the inside is original. The place appears to be stuck in time with its timeless furnishings and art from the early 60′s. The  period-correct kitchen includes an indoor barbecue grill on the side of the living room fireplace. Imagine grilling a steak over smoldering charcoal in your kitchen….a Dean Martin-style martini in one hand, tongs in the other. There are some of those sad clown oil paintings that many of our grandparents had hanging on the wall, and there’s the big sliding glass door, the one your parents always told you not to slam with the mesmerizing locking mechanism. Outside is a modest garden comprised of various succulents accented with a few agaves next to a well tended bed of ice plant. There’s also a perfectly aged wooden beach path leading to the ocean only steps from the home. You can tell that a lot of memories were created here. The home abounds with charm and is one of the last remaining of Malibu’s classic beach bungalows, and for sale at $6.99m.

Listed by Mike Gardner, and Tony Mark of Prudential Malibu Realty

Click the image below to see the website and more photos or QR code here

Just saw this on the Huffington Post!  I shot this Malibu Road beach house last week for Caroline Lindqvist and Jeff Chertow. It first went to AOL and now Huff Po with a big, fat, link back to my photo site.

Let me get on my soapbox real quick. If you have a high end property for sale MAKE SURE your agent hires a photographer that can take great shots. This is what makes the phone ring. I’m going to claim that I’m one of the few agents that can also shoot great photos. Most agents THINK they can take pretty good shots but in reality the pics are sub-par and can make the house look millions less that it’s really worth. Do not settle for so-so shots, or even pretty good. If you are blown away with the pics so will the buyers! That’s the bench mark the images need to live up too.

Article here

What you need to know about Malibu bank owned homes for sale.

There are bank owned homes and short sales. They can also be called REO’s and foreclosures. One is a pain and one can be really easy and you have a good chance of closing the deal if you have cash. Bank owned homes and condos can close in a week or less. The bank is ready to get it of it’s books. With the last several deals I’ve wrote on bank owned homes, the bank told the listing agent to only send the highest cash deal. One condo last month had 5 offers 4 of which were cash. If the deal appears to be good to you, there are 10 others that think the same way.

Short sales are a different animal. The banks may not get back to you for months and you are stuck in limbo watching other deals go by. If you have nerves of steel and patience like the Dali Lama, then go for that short sale. If you want answers and have cash, go for the bank owned deal.

One last point! You need to work with an agent that makes sure you get the info fast. I just wrote an offer on a bank owned condo and it was my client who got the first offer in. We got there first because I relentlessly called the agent every day for a week and it was on my radar well before everyone else. Also, you need to be set up on an auto notify system that gives you morning emails about market activity. You can also check out or tab up top for foreclosures.

You can email me write now requesting the list of everything on my Malibu Bank owned list.

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