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Malibu real estate alert! This just happened last night and I want you all to go figure out where you can come up with the funds to buy this house or tell a friend about it. This listing hit the Malibu real estate market a few moths back at a price that just wasn’t working…. $2,9995,000 was way to high! Now the Point Dume home has had a $1m price chop to a real sellable number at $1,995,000. It’s rare to get anything on Point Dume under $2m with this size lot.
Here’s the deal. It’s a great Malibu property with a ton of usable land. There will be good views if you can get a second story built and his has a beach key. The problem is the house is dated and has a weird tug boat appendage growing out of the right side. It’s actually three story guest house with the top floor having the best views of the Malibu coastline. The tug bat part is just a facade that can be ripped down. The main house is kind of a cool post and beam that can be lived in for a while until you remodel and it’s almost 4000 sq ft.!
If you’ve been priced out of the Malibu real estate market, specifically Point Dume, here’s your chance. Just bring your captains hat or Captain Merrill Stubing… He’d feel right at home here.
A Point Dume home just hit the Malibu real estate market at the unbelievably low price of $1.3m and get this….it has good ocean views and a beach key! Say what? Yeah, you heard me, it’s got the goods. So here is the low down. The house is seriously outdated. It’s got that funky 70′s vibe and you wouldn’t even question me if I jokingly told you it was once used to film the show CHiPs. Officer Francis Ponch Poncherello would like this place. One more thing to mention….it’s on a flag lot sandwiched between several homes and there isn’t a whole lot of yard.
Here’s the good part. It’s a short sale. Someone is going to score a great deal. That is one hell of a low price and I’m not sure there will ever be another home on the Point Dume in the low $1m’s that has a beach key and a view. The home is currently rented at apprx. $4500 per month and in the past it has been as high as $5800. The home is an ideal investment property especially with a tenant who’s lease runs in to the middle of next year. There is also some new carpet, new paint, and a repaired deck. The bones are good and the whole thing could probably be remodeled in to some sort modern structure.
Call for a showing…..this one will go fast! 310 699 8428
Recent sales activity on Point Dume in Malibu again shows that the real estate market is alive and well on the Point. Numerous homes have sold or have gone in to escrow in the last 2 months. A significant deal may have closed last week where a home and lot were purchased together somewhere in the neighborhood of $15m. This particular sale is interesting in that the home was not listed for sale in the MLS* and is on a street where another large sale took place a few years ago where a well know local knocked on a door and offered a sum of money the home owner could not refuse.
*Note about listing….The home had been previously listed for sale and lease in the MLS. The listing in the MLS offering it for sale expired on 8/16/1020.
Update! Title records are confirming the sale. Here are the pics and old MLS description…”NEW BALINESE STYLE CONTEMPORARY. BEAUTIFUL HARDWOOD FLOORS AND EXQUISITE PONDS AND STATUARY. 5 BR MAIN RESIDENCE W/HIGH WOODEN BEAM CEILINGS AND BI FOLDING WOODEN SLIDERS, LG OPEN ENT. AREAS AND A GOURMET GATHER ROUND KTCH BRING FRIENDS AND FAMILY TOGETHER. SEPARATE 1 BR G/H POOLSIDE CABANA. 25 YARD LONG SWIMMING POOL W/ A SHALLOW END BEACH SPA. OVER 1 ACRE ON MAGNIFICENT POINT DUME BLUFFS. DIRECT WALKING PATH TO PVT BEACHES W/ PVT BEACH RIGHTS. 5 C/GARAGE PLUS MOTOR COURT. GREEN ENERGY HOUSE.” Previously listed at $15,995,000 with Terry Lucoff
Call me if you’d like to see homes for sale on Point Dume and don’t want to have to knock on any doors.
Newly remodeled Point Dume home on Bluewater with ocean and mountain views, large yard, gated, private, and close to the sandy shores of Point Dume. This Malibu home features a few very unique qualities..The home has new copper piping and a filtration system that removes fluoride from the water. It also has plaster walls instead of drywall and most of the doors and windows have been replaced. The kitchen is a one of a kind creation that was imported from Italy.
A Point Dume home on Bluewater got a price reduction last night bringing it under $2m. The home features great mountain views and is a short walk to the beach. The home is a simple, single story ranch home with a nice yard and is located on a quite street. This is the least expensive home for sale on Point Dume. More about Point Dume Real estate and Home For Sale
Call for a showing 310 699 8428
There are several great homes for sale on Point Dume in Malibu but one really stands out as being a great buy. If someone asked me what the best buy in the Point is I’d have to say the home at 6805 Wildlife Road. With an asking price of $2,800,000 it has several major pluses. First, it’s about a 20 second walk to the beach along a private trail out of the backyard. Second, it’s big..really big with apprx. 6100 sq.ft. and has a rental unit that Pepperdine students love to rent. Lastly, it’s nice, clean, and was reduced from $3,800,000. There is no ocean view but you will hear the surf hitting on the shore at night! The house also carries deeded beach rights which means you will get a beach key! Call for a showing 310 699 8428
From the MLS…”Malibu Point Dume 6,119 Sq. Ft. Private Security Gated Custom Mediterranean w/Guest Hse. Riviera II Beach Key on Celebrity, Premier Street. Entertaining Courtyd & Central Deck. Living Rm w/Fireplace, Bar, Skylites. Formal Dining Rm. Kitchen Seats 10+. Natural Oak Hardwd Floors in 7 Rms. High Ceilings/Light. Guest Suite on 1st Floor w/Family Rm or Office & 2nd Fireplace. 3 Car Garage, Rose Arbor, Custom Playhouse. Gardens Throughout IncludeArborist Maintained 24 Fruit/Nut Trees, 9 Flowering Trees, 424 Ficus Trees, Jasmine, Wisteria, 97 Roses, & More. ”
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
There are two homes now on Point Dume that are heading in to a price range that most people would say is a good price. Both of these Malibu homes for sale have beach keys to Little Dume beach. These are deeded beach rights which make the homes more valuable than the ones that don’t have the rights. The first one has been nicely remodeled and has a guest house studio in back on expansive lawns no ocean view. It is listed at $2.575m. The second home needs a remodel but has good ocean views and is for sale at $2.495m. Email Me for more information about Malibu Real Estate. Call for showings 310 6998428. If you are “tech”, sign up for the RSS feed!
The inventory of Point Dume homes for sale shrank dramatically in the last few weeks with 5 homes going in to escrow and 2 selling. Signs of recovery? I think so! The team at the Malibu Real Estate Blog gets 6- 12 calls a month looking for deals, leases, unlisted, or soon to be listed Point homes . Aside from “beach bargains”, Point Dume is Malibu’s hottest real estate market at the moment. Call for an update on Point Dume 1 310 699 8428 or asked to be emailed the comps of the below mentioned homes. From the MLS today…. 6908 Dume Drive Looking For Back Ups
6769 Dume Drive Looking For Back Ups
6722 Fernhill Drive Pending
6805 Dume Looking for Back Ups
7022 Grasswood Pending
a home on Wildlife just closed escrow and so did a $20m home on Zumirez.
A new home has hit the Point Dume Real Estate market and it’s listed at a great price. The home, located on the corner of Wildlife and Fernhill, is close to the private beaches that the Point Dume community enjoys. The home is listed at $2,190,000 and includes a large lot of over .5 acre.
It’s what we commonly call an original Point Dume “ranch house” typical of building in the late 50′s and is in very clean condition. Call for a showing. This one won’t last long. 310 699 8428
The home is listed with Matt Ogden of Pritchett-Rapf
Another record asking price home has hit the Malibu market this week on Point Dume. The original condition, super-sized ranch house compound sits on little over an acre above a private beach and has endless views of the Santa Monica bay.
From the MLS below.
LIMITLESS COASTLINE VISTAS SEEM THE EXCLUSIVE POSSESSION OF THIS BREATHTAKING 1.1+/- ACRE BLUFF ESTATE CONSIDERED THE RAREST JEWEL IN THE COVETED CROWN OF MALIBU’S PRESTIGIOUS PT. DUME ENCLAVE, COMMANDING 220° VIEWS OF BUCOLIC PARADISE CODE.A CELEBRITY-STUDDED ENVIRONMENT OFFERING TOTAL PRIVACY, EXPANSIVE TERRACES AND POETIC GARDENS, FULL-SIZE TENNIS COURT, AND A UNIQUE ARCHITECTURAL RESIDENCE, QUIETLY ENSURES A CAPTIVATING AND TREASURED LIFESTYLE.DEEDED BEACH ACCESS BY PRIVATE, KEY CODED TRAIL.
With this Point Dume home going into escrow on Selfridge somewhere around $2.5m, another house on Point Dume has smartly lowered it’s asking price from $3,200,000, then to $2,975,000, and finally to $2,750,000 making it a great price for an ocean view home on Dume Drive.
The home is listed with Brian Merrick/ Coldwell Banker
If you love doll houses, miss the Victorian Era, or are just plain ol’ looking for a distressed “good deal” within the Malibu real estate market, then this Point Dume house might be for you. The home is located on Grasswood near Point Dume Marine Science elementary school, has a beach key, an ocean view, over 7000 sq.ft. (apprx.), and a large yard. It originally came on the market at $8,500,000 but due to a divorce, and a need to sell, the owners have lowered the price to $5,495,000 with this description from the MLS…
“DIVORCE SALE! SELLERS EXTREMELY MOTIVATED. PHENOMENAL OPPORTUNITY. REDUCED OVER $3.0 MIL SINCE FIRST ON MARKET. OVER $1.25 MIL IN RECENT RENOVATIONS. EXQUISITE VICTORIAN W/DETACHED GUEST HOUSE ON GREAT PT. DUME STREET . BEAUTIFUL OCEAN AND CITY LIGHT VUS. VERY PRIVATE ON 1 ACRE OF LUSHLY LANDSCAPED GROUNDS. TRUE ESTATE PROPERTY OF UNCOMPROMISING QUALITY: INCL. GOURMET KITCHEN W/ LACORNEU STOVE, GRAND SECOND STORY MASTER, LUXURIOUS DINING/LIVING/BATH RMS, AND EXCEPTIONALLY APPOINTED GUEST SUITES!”
Call for other “deals” in Malibu 310 699 8428
The home is listed with Chris Cortazzo/Coldwell Banker
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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