Point Dume Home Closes After Bidding Frenzy
6 January 2014 · by Mike Gardner Malibu Real Estate Agent 310-699-8428

Story time…

About 2 months ago I got a call from a buyer looking for Point Dume homes for sale. They were looking up to $3m and I told them that I could likely find something before it hit the MLS and to be ready when I call. I then proceeded to “put the feelers” out and got a good lead on a home on Fernhill. I made a direct call to the owner and I’d like to think that they hit a rough reception spot on PCH when I heard the hang up “click”. That was just a temporary dead end.

About two weeks later that same house came to my attention when I found out who got the listing after asking around my network of those “in the know”. I called and immediately was able to get my clients in a full 5 days before it hit the MLS. The house was listed at $3,349,000 and they wanted to write an offer. The problem was that there was also about 5 other showings before it even made it in to the MLS….word was out and the place was buzzing!

My clients ended coming to the conclusion that they were not going to buying this Point Dume home for sale under $3m and decided to wait. If they didn’t get any offers in the first  few weeks, then they would try. The amount of viewings made it likely that the owners would see an offer almost right away.

Now at the $3,349,000 there was talk about the home being overpriced but then why were people out in droves trying to get in to this house? Simple….Point Dume has such high demand that anything within a reasonable price range is going to have a ton of demand. Especially if it has a great lot or total privacy.

The house recently closed it went almost $150,000 above asking!

LOCATION: Point Dume on Fernhill between Greyfox and Boniface
PRICE: Asking $3,349,000 and sold at $3,500,000
SIZE: 3,308 square feet, 5 bedrooms, 3.5 bathrooms

 

From the MLS”Modern style beach home in highly sought after & prestigious Point Dume with deeded beach rights. This 5 Br + 3 1/2 ba home boasts an open floor plan & tons of natural light with floor-to-ceiling windows & glass doors throughout. Perfect for entertaining, this home features a gourmet kitchen with professional appliances & center island, a formal dining area, large living room with wood burning fireplace, and multiple expansive patios. The one of a kind master suite, boasts it’s own private patio, huge walk-in closets, and a designer master bathroom with indoor/outdoor shower & stylish free-standing tub. Incredibly private, gated & secure property on close to an acre of land. Lushly landscaped, park-like grounds with fruit trees, vegetable gardens, flat grassy areas, a bonus pre-fab office structure, and room for a pool. Includes Riviera III Beach rights & just down the street from award winning Point Dume Marine Science School & Cameron Park. This is modern beach living at it’s best.”

Point Dume homes

 

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Listing courtesy Ren Smith / Teles
 

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