Being a Malibu real estate agent is a lot like being a stock broker. Everyday there are bits of activity that affect every other home for sale within the market and it’s my job to monitor and analyze it’s affects. A foreclosure in a condo complex can cause an over night crash in values. The short sale of estate can lop $1m bucks off the value of the neighbors listing and cause them to withdraw the listing. Sometimes it goes the other way too with a beach home getting snapped up for millions more than expected. Then everyone thinks their homes jumped a million overnight and chances are you’ll see a few new listings in the immediate vacinity. I often even refer to homes “trading” in a certain price range rather than being “sold”. When someone asks about homes for sale on Malibu Road, I’ll say, “yeah, those have been trading at about $6-7mm for a small, but clean place”.
Now when I see a home heading to half of what it once was asking, again, like a stock broker, I’m looking at it like it might be a great opportunity to buy in low. Here is one such home that fits the bill that was originally listed for $7.5mm and now is asking $4.85mm
Call 310-699-8428 for showings
From the MLS…”THE PERFECT SOPHISTICATED MALIBU BEACH HOUSE DONE IN THE BEST OF TASTE. LOCATED ON MALIBU COLONY BEACH THIS TRI-LEVEL HOME HAS IT ALL. FIRST FLOOR HAS A DECK, GOURMET KITCHEN, FULL BATHROOM, FIREPLACE. SECOND FLOOR HAS A BEAUTIFUL MASTER BEDROOM SUITE WITH FIREPLACE, DECK, BEAUTIFUL SHOWER, AND A LARGE WALK IN CLOSET, A DEN AREA, ANOTHER LOVELY BEDROOM AND A FULL BATHROOM, THIRD FLOOR HAS AN ART STUDIO/OFFICE/BDRM – AN AMAZING ROOF TOP DECK WITH VIEWS OF THE COASTLINE, SURF, AND DOLPHINS. HOUSE CAN NEVER BE DUPLICATED. A LARGE CLIMATE CONTROLLED STORAGE ROOM. THERE IS A/C THROUGHOUT. THE BEST AT THE BEACH!”beach, malibu, malibu agent, real estate agent