The hottest neighborhood within the Malibu real estate market has clearly been Point Dume. There have been dozens of sales since last year and anything around $2m with a beach key goes to escrow within a week of being listed. This week another unlisted ranch house got sold on Wildlife Road. I had known about it and was in line to show it but the agent put the deal together so fast that never got the chance to get my client in! He luckily got to represent both sides and the 1/2 lot with a small ranch house sold for $2,495,000.
The house was located near the corner of Wildlife Road and Fernhill. There have been numerous sales and several short terms flips occurring around this intersection in the last 2 years. This Point Dume ranch house that sold was next to two other properties that have also sold in the last 12 months. Two lots away was a ranch home that sold off market and was also a flip being purchased about 16 months before.
Across the street was a ranch house and a separate lot that have both sold after being purchased and held for a short term by the same owner. A nice profit was made on both transactions and the savvy flipper did it in less than 12 months.
I’ve sold 5 properties on Point Dume and several were accomplished by having more intel than some of the other Malibu real estate agents. Call me at 310 699 8428 if you would like more information about what the best buys are on Point Dume or about some of the unlisted properties that can be viewed.
Current list of all Point Dume Homes for Sale
Tags: homes for sale, malibu real estate, point dume homes for sale, ranch house