The Malibu Real Estate Blog

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!”

A Carbon beach home hit the lease market this morning at $200,000 per month! This section of Malibu is also known as Billionaires Beach and for good reason. Some of the biggest names in entertainment, technology, and investment banking have purchased double, and triple lots and built some of the largest beach homes in California. Let’s break it down a bit…..The daily price calcs out to about $6500 per day. A bargain when checking out this top ten list of most expensive hotel rooms around the world with the top five all above $30k per night. Maybe the owner of the boat known as A will need a place to store some supplies for his mega yacht when in town again. Call for a showing if you are seriously pre qualified. 310 699 8428.

From the MLS “An extraordinary opportunity to lease the most spectacular estate on coveted Carbon Beach. This unparalleled beachfront residence features 7 spacious bedroom suites, 10 luxurious bathrooms, a massive oceanfront master with immense his/hers dressing rooms, gym, wine cellar, phenomenal gourmet kitchen, magnificent family room; all showcasing ocean views, grand scale, and world class quality. The lavish grounds of the home embrace a beachfront swimming pool and spa, sports court, fire pit, expansive covered lanais, and lush oceanfront gardens. All of this is set on nearly ¾ of an acre with 180’ of frontage on the deepest part of Carbon offering forever views of the Pacific, the Queens Necklace, and the Malibu Coast. This fully furnished home is for those seeking the absolute finest in beachfront living. A one-year minimum lease term is required. Shown to pre-qualified clients only. See private remarks for showing instructions.”

Listed with Kurt Rappaport WEA

New update. There are at least a dozen properties for sale in the Malibu Real Estate market ranging from $500k to $5m in various stages of distress. Easy to email and we had a dozen request this week to be on the priority list. Just drop me an email and your price range and you’ll get the list.I won’t bug you and you can call me when you’re ready to see something. I’ll also sign you up for a Malibu watch list that will email you new listings when they get price reductions AND disclose if they are in short pay, foreclosure, reo, or bank owned state.

A lot of you are searching for these things so tomorrow morning I’ll an update on what’s available. Get your cash ready because there is going to be a bit of action as summer approaches! Email if you want to be on my priority list where Ill be firing out email blasts the second I hear about a distressed property.

Here’s two quick teasers.
1944 CORRAL CANYON RD MALIBU, CA 90265
MLS description…

BANK OWNED FORECLOSURE. CHARMING 1BED/1BATH HOME IN THE CANYON OF MALIBU! HW, TILE, & CARPET. KITCHEN APPLIANCES. BIG GARAGE. VIEWS FROM MANY ANGELS! INFO HEREIN IS NOT VERIFIED BY AGENT. BUYER TO VERIFY ALL INFO. & RELY ON THEIR FINDINGS. ALL OFFERS MUST BE SUBMITTED ON CAR FORM W/PRE-APPROVAL (NOT PRE-QUAL), COPY OF EARNEST MONEY CHECK +PROOF OF FUNDS (IF CASH OFFER) & AGENCY DISCLOSURE. FOR A GUARANTEE RECEIPT OF YOUR OFFER PLEASE CHECK OUR PRVT. REMARKS FOR FAX COVER & FAXING INSTRUCTIONS.

1 bedroom 1 bath $589,000!!!!! Small house but at a condo price,… who cares!

Listed with Joyce Essex CB

11770 PACIFIC COAST HWY #T MALIBU, CA 90265

MLS description…
BEAUTIFUL 2 STORY FEE SIMPLE AT THE POPULAR COUNTY LINE SURFERS’ PARADISE! 3 BEDROOM, 3 FULL BATH + MEDIA ROOM/OFFICE. BRIGHT KITCHEN WITH GRANITE COUNTERTOPS & NEW S/S APPLIANCES. SEPARATE LAUNDRY & STORAGE ROOM. ATTACHED 2 CAR GARAGE, EXTRA GUEST PARKING. PADDEL TENNIS & HALF COURT BASKETBALL COURT. VERY LIGHT, SPACIOUS, COZY. BEACHFRONT WHALERS VILLAGE GATED COMMUNITY. SUBJECT TO SELLER’S LENDER APPROVAL PER SHORT PAY OFF. FRESH EXTERIOR PAINT IN ENTIRE COMPLEX. PERFECT INTERIOR CONDITION.

3 bedroom 3 bath$999,000

Listed with Tiffany L Wortinger

Do you think I should dedicate a page to Malibu Pictures or just have a side  slideshow widget?

Early in the week you could tell something different was in the air. It was hot and humid, and the cool northwesterlies were absent from the shores of Zuma. By Wednesday there were rumors of rain but the skies above Malibu were free from the tell tale cumulus nimbus clouds. Late Wednesday some unusual clouds started coming up from the south. I ran down to the beach and shot a few sunset pics. Still no rain. Around 11 pm I started to hear some thunder and a few minutes later saw some faint blasts of lightning. Over the next few hours the storm built in strength and was right on top of Malibu by 1 am. I was already in bed but the dog was acting up and I soon realized I would not be sleeping until the storm passed. I went online to wunderground.com and looked at the storm track function and could see that the system was going to move right over Point Dume and up the shore along Zuma beach. I grabbed the camera and headed up to Encinal above El Pescador beach and here are the results. These images were shot around 2am. Exposures were between 2-3 minutes long. Limited edition Prints will be available. Please email me at Maliburealestate@mac.com

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Here are the numbers showing what’s happening to land-side homes in Malibu  from Nov. 06 YTD to Nov. 07 YTD. 

• The number of new listings decreased from 444 to 389  or -12.99%  
• The number of  sold units decreased from 177 to 146 or -17.51%
• The median sales price increased from $1,865,000 to $2,197,500 or an increase of +17.83%!

Here are the numbers  for real estate on the beach.

• The number of new listings increased from 106 to 117  or +10.39%   
• The number of sold units increased from 36 to 44 or +22.22%
• The median sales price increased from $4,247,521 to $6,407,531 or an increase of +50.85%!
  

Click here to see the chart.  http://forms.themls.com/forms/la_times_news/12_16_07_LA_Times_Article.pdf