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 it has a Point Dume 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.
For showings call 310 699 8428.malibu real estate, Point Dume homes, tug boat