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Investments properties on Malibu Road are very rare and this multi unit Malibu beach home is starting to look like a great deal at $4,800,000. This building has a total of 4 units with 9 bedrooms and with one of the units being a 1 bd owners unit. Current income on 3 of the rental units are about $17k but could be pushed up to $20k easily. Run the numbers and make an offer. These building seldom come up for sale on Malibu Road. From the MLS..
LOWEST PRICED WATER FRONT PROPERTY ON MALIBU ROAD. APPROX 5,500 SF PROPERTY ON 50 FT LOT. TERRIFIC SECTION OF MALIBU RD WITH GREAT BEACH AND INCREDIBLE OCEAN VIEWS. THIS MALIBU BEACH HOME FOR SALE HAS 3 UNITS PLUS AN OWNERS UNIT. ALL UNITS ARE COMPLETELY RENOVATED AND FURNISHED AND ALL HAVE LAUNDRY. THERE IS A 3 BR 2 BA UNIT PLUS OFFICE, TWO 2 BR 2 BA UNITS AND ANOTHER 2 BR 1 BA UNIT. THE 3 MAIN UNITS ARE ALL OCEAN SIDE WITH PRIVATE DECKS. LOTS OF PARKING AS WELL! VERY UNIQUE OFFERING AND PERFECT FOR A POSSIBLE SINGLE FAMILY CONVERSION OR FOR AN OWNER TO LIVE IN 1 OF THE UNITS AND MAKE A GREAT INCOME ON THE OTHER UNITS. PROPERTY ALSO LISTED IN THE MLS UNDER “INCOME PROPERTY”. BEST WATER FRONT VALUE IN MALIBU!!
Kate Novotny from our Malibu Prudential Real Estate office has a great new listing on Malibu Road. The 5 bedroom beach house sits on a great section of dry, sandy beach and is right near several great surf spots. Unique to this beach house is the grassy court yard and large ocean view guest above the garage. It sits a little bit further out than the neighboring homes and has incredible views of Point Dume. The price is right too coming in at just under $8m. If you didn’t know already, Malibu Road has two things going for it that make it more preferable than other beach house areas: dry beach and no PCH noise like the homes south if the pier. Check out a few photos from the sunset shoot I took a few days ago during the Santa Ana’s. From the MLS “OPEN THURSDAY, NOV. 11TH, 9:30AM TO 2PM – LUNCH – WALLED AND GATED CONTEMPORARY HOME WITH COURTYARD ENTRANCE AND DETACHED GUEST HOUSE ON MUCH SOUGHT AFTER MALIBU ROAD. GREAT CLOSE IN LOCATION AND UNIQUELY SITED ON A PROMONTORY WHICH AFFORDS TREMENDOUS PRIVACY AND STUNNING VIEWS BOTH TO THE EAST AND WEST ALONG THE BEACH. STEP DOWN 2 STORY LIVING ROOM WITH FLOOR TO CEILING GLASS, HIGH VAULTED CEILINGS, LIMESTONE FLOORS, DRAMATIC OCEAN FRONT MASTER SUITE AND 3 ADDITIONAL GUEST BEDROOMS IN THE MAIN HOUSE. CHARMING AND PRIVATE GUEST HOUSE IS LOCATED ACROSS THE COURTYARD. TRULY EXQUISITE!”
Here’s a great new beach house for sale on Malibu Road. It’s located on the West end of Malibu Colony Beach and has a right hand reef break right out in front for surfing. The modern home has clean lines and high ceilings with large decks off the living room and master bedroom. Call for a showing! 310 699 8428
There are two beach homes for sale on Malibu Road that I’m saying are heading in to the “deal” category. I can’t give away to much info but I will say the both places are vacant and are owned by family members who want to see them sold. In other words, there’s not a whole lot of emotional attachment to the homes which gives you a better chance at getting a good price. Call for a showing 310 699 8428
Here’s the Low Down on The High End
House number one. 24134 Malibu Road. Listed at $4,975,000
Great price, good sq.ft., big rooms, and a huge deck for parties. Continue Reading »
A few years ago you’d be hard pressed to find anything on Malibu Road for under $6m. The Malibu real estate market has changed, so if you’ve been on the sidelines now may be the time to pick up that Malibu beach house you’ve always wanted. Currently asking $5,400,000, the homes features expansive decks, a third story guest nook or office, and a two story open ceiling living room. Check out the master bath with it’s period correct stained glass and deep, round, swingin spa tub. At this asking price, there is a legitimate chance that it could sell at under $5m. Call for a showing 310 699 8428.
It’s not often we see a beach house for sale on Malibu Road for under $6,000,000. This particular home also happens to be in what may regard as a better section of Malibu Road, near the beginning, closer to the Malibu Colony. At $5.9m, it’s worth a look if you have been in the market for a beach house. Call 310 699 8428 for a showing or to discuss all the different beaches in Malibu. Google map link here
If you were priced out of the beach house market in Malibu a few years ago, now may be your best time to to pick up a great deal on the sand. Let’s take a quick look at some homes that have had their asking prices substantially reduced. Click this link to be taken to an MLS search for all beach houses in Malibu.The user id is x55032 and the password is beach
31310 Broad Beach Road Original List Price $12,500,000 Now at $7,900,000
Listed with Tony Mark / Prudential
7049 Birdview Original List Price $19,950,000 Now at $15,995,000
Listed with Chris Cortazzon/Coldwell Banker
27348 Escondido Beach Road Original List Price $12,500,000 Now at $8,995,000
Listed with Michael Novotny / Prudential
31636 Sea Level Drive Original List Price $8,400,000 Now at $5,950,000
Listed with Bill Mason/ Malibu Surf
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
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
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
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.
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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