Point Dume Probate Sale on Boniface at $2,495,000
17 August 2014 · by Mike Gardner Malibu Real Estate Agent 310-699-8428

Deal alert! A Point Dume ranch house at 28841 Boniface has come on the Malibu real estate market today  for $2,495,000!

The approx. 1400 sq. ft. original Point Dume home was built in 1957 and sits on a large but narrow lot of little over one acre. The home does carry deeded beach rights to the private beach at Little Dume and is a short distance from Point Dume Marine Science.

The challenge with this home for sale can soon be found out by reading the disclosures in the MLS description……. “This is a Probate Sale. Great opportunity to purchase on Pt. Dume with key to the beach. All offers to be submitted on C.A.R. Probate Purchase Agreement (PPA-11), Probate Advisory (2 pages), with Seller’s “AS-IS” Addendum Disclosure. All offers subject to Trust Company and Beneficiary approval as applicable. Seller’s choice of services. Buyer to submit lender pre-qual letter and proof of funds. Property is to be properly exposed to the open market and the Administrator will not respond to any offers before September 10, 2014. Seller will NOT provide termite report and clearance, Home Protection Policy, repairs or credit for repairs. The City of Malibu has recorded a violation against the property for an un-permitted habitable structure (Guest House) and Buyer will be responsible for the removal of the un-permitted structure after the close of Escrow. Buyer is responsible for any and all costs associated with obtaining a City of Malibu Onsite Waste Water Operating Permit.”

Because it’s a probate with recorded violations, a buyer will most likely need to be all cash since conventional lenders steer clear of these situations.

I’m betting that this one goes above asking. Call me if you’d like more information about this property. I can tell you that the home was shown most of the day today and the phone is not going to stop ringing until a judge says “sold”!

UPDATE! I went to the property yesterday and it’s better that  thought. The lot is huge with plenty of room to do a major project. The man in house is livable and has nice high ceilings. The problem that I see is that the main house is not situated on the parcel properly. In my opinion, the best use of this parcel is to build a large house in back, then down size the current house to conform to a guest house.
Point Dume Ranch house for sale

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. Listed with M. Beck/Prudential Malibu Realty. 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. 

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