The Malibu Real Estate Blog

Here’s a good Malibu Real Estate deal for under $1,000,000. A house up Latigo with over 3000 sq.ft., 4 bedrooms, 3 baths, and a 2 car garage. The home has great canyon views and contemporary architecture. The home is listed for $999,000, down from $1,250,000. Call for a showing. 1 310 6998428

The home is listed with Michael Cunningham of PRapf
So far about 20 people have emailed me requesting info on the above mentioned types of sales within the Malibu Real Estate market. If you are searching for one in Malibu or Topanga, just send an email requesting the list and give me a price range so I can put you on a watch list. There aren’t a ton but I am seeing some good deals pop up. Keep in mind that there are plenty of others out there that have the same idea of jumping on something when it comes up. The last condo closed up almost 10% above asking! So be ready when opportunity knocks!

There are currently 16 properties for sale in this category. There is one beach house at $5.9m and a large, 7200 sq ft home for $3.9m in a gated community with expansive ocean views. There are also a few condos, and some “challenging to build on” pieces of land for sale.
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Check out past articles on Reo, Bank Owned, Short Pays.

First I need to disclose that this parcel is not buildable and more than likely not well suited for crops or anything else for that matter. There are no comps supporting the price and don’t bother asking for any reports. Good news though, you do get to own a piece of Malibu. What you get is  1/3 of a cubic foot of prime pre-earthquake dirt in  a plexiglass box that is destined to be a “priceless museum piece” when Malibu and Southern Califorinia fall into the sea. Yes, someone is selling some Malibu dirt online.  If you are interested you can find it here on Ebay. 

This brings me to  a question that I often get from buyers, “What is the cheapest land in Malibu?”  Well, for about $60-$90k I can find you a piece of land. There will probably be “great views” and “abundant wildlife” but what are you really getting? More than likely you will get a 1/4 acre located on the steep portion of a mountain top and it may not have any access unless you get an easement from a neighbor. In other words a useless piece of land. Okay, so what about $200-$400k? For that price  you may get a few reports and access to power and water. It still may be challenging to build on and in need of major investment before you can even think about applying for a permit.  

So here’s the “Low Down on the High End” with Malibu real estate.  The lower the price the greater the chance that it will be extremely difficult to build on. If you want to build then there really is no “cheap land” in Malibu. A good piece of land with stable geology, access to water and power, and permits will run at least $750,000. The price goes up from there if it has good ocean views, is flat , and not too far away from PCH. Land like this will be close to $1,000,000 an acre.