It appears someone’s spec project has hit the skids in the hills of Malibu. What’s unusual about this one is that it’s a large, nice, ocean view project in a neighborhood of homes in the $4-$7 million dollar range. The partially framed project came on the market last month at $3,950,000 and got a whopper of a price slash this week to $2,900,000 with an MLS description saying “will consider all serious offers.”
I personally like the price cut (that’s one motivated seller!) and it may very well be worth a look if you’d like to avoid most of the headaches involved with building a house in Malibu. Maybe one of the execs over at Toll Brothers needs something to do!
Call for a showing 310 699 8428 .
If you enjoy information about Malibu Real Estate subscribe to my RSS feed!
If you don’t have a clue about RSS Feeds click here for a simple video explaining it.
Here is the MLS description.
EXCELLENT PROJECT, PARTIALLY FRAMED WITH STEEL BEAMS. 6000+ SQ. FT. PLANS FOR A SLEEK MODERN RESIDENCE WITH/AN INFINITY POOL. SWEEPING OCEAN, QUEENS NECKLACE AND LITTLE DUME VIEWS. THE DESIGN CAN BE WARMED UP TO SUIT THE BUYER’S PERSONAL STYLE. GREAT OPPURTUNITY FOR A DEVELOPER OR SOMEONE LOOKING TO FINISH A CUSTOM HOME. WILL CONSIDER ALL SERIOUS OFFERS.
Listed with Anthony Barsocchini/ WEATags: deal, for sale, malibu, ocean view, Price reduction, project, real estate, spec home