The Malibu Real Estate Blog

The Wallace Neff house on Broad Beach is a best buy. See older articles and email me if you need more info. I’ll post more about it later but I have shown it several times and it’s a great house.

If you were priced out of the beach house market in Malibu a few years ago, now may be your best time to to pick up a great deal on the sand. Let’s take a quick look at some homes that have had their asking prices substantially reduced.
Click this link to be taken to an MLS search for all beach houses in Malibu.The user id is x55032 and the password is beach

31310 Broad Beach Road Original List Price $12,500,000 Now at $7,900,000

Listed with Tony Mark / Prudential

7049 Birdview Original List Price $19,950,000 Now at $15,995,000

Listed with Chris Cortazzon/Coldwell Banker

27348 Escondido Beach Road Original List Price $12,500,000 Now at $8,995,000

Listed with Michael Novotny / Prudential

31636 Sea Level Drive Original List Price $8,400,000 Now at $5,950,000

Listed with Bill Mason/ Malibu Surf

First off, Sea Level is a great beach. It is located just up from Broad Beach and has a cool, mini-community vibe to it. Residents leave kayaks and surfboards on the sand without any worry about someone stealing them. The 4th of July party there is huge and the beach is in better shape than Broad Beach right now. This could go out at a good price and is worth seeing if you are in the real estate market for a beach house in Malibu. Places like this also rent out for top dollar in the summer months. Listed at $5,950,000.

From the MLS
BEACH FRONT LIVING- LIGHT, BRIGHT AND A THIRD LEVEL DEN THAT OPENS TO VERY LARGE SUN DECK. GREAT MASTER SUITE ON THE WATER. GATED COMMUNITY. SELLER HAS CA. REAL ESTATE LICENSE. SHORT PAY SUBJECT TO SELLER HAVING LOANS ACCEPTABLE TO SELLER.

Check out this article if you want to be on my priority list for distressed listings in Malibu.

Listed with Bill Mason / Malibu Surf Realty

March is the month when summer  beach rentals and leases come on the Malibu Real Estate market. If you haven’t secured your beach rental by the middle of May you are likely to find yourself building sand castles in Mojave. I predict this year lease prices will be slightly lower than last years but the premium beaches like Broad Beach, The Colony, Carbon Beach, and Malibu Road, will still command high prices. Summer Rental prices on the low end will be around $10,000 and top at at $100,000 or more for the best beach houses. E-mail Me if you’d like a list of available rentals sent to you. You can also click here. Click this link to be taken to an MLS search for all beach leases in Malibu.The user id is x55032 and the password is lease

This is the biggest price drop I’ve seen in the Malibu Real Estate market, ever. Starting out $39,500,000, this ocean front property has been chopped to $21,500,000 in 4 short months. That’s an $18,000,000 chop in 120 days!  The home is located just south of the Paradise Cove pier and was recently  remodeled.

Here’s the MLS description……
ONE OF MALIBU’S SPECIAL GATED BLUFF & BEACHFRONT COMPOUNDS OVERLOOKING DESIRABLE PARADISE COVE. NEWLY COMPLETED & OFFERING A SEAMLESS TRANSITION BETWEEN INDOOR & OUTDOOR LIVING & ENTERTAINING IN A CASUAL, YET DRAMATICALLY ELEGANT SETTING. PROPERTY FEATURES: A SPECTACULAR MAIN HOME W/ OCEANFRONT INFINITY POOL & SPA, GUEST HOUSES & BEACH PAVILION ON APPROX. 81′ OF SANDY BEACH FRONTAGE. APPROX. 2.4 LANDSCAPED ACRES IN TWO PARCELS, WITH LIMITLESS COASTLINE & OCEAN VISTAS. THERE IS NOTHING LIKE IT!!

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Click this link to be taken to an MLS search for all beach houses in Malibu.The user id is x55032 and the password is beach

Listed with Ellen Francisco/ Coldwell Banker

Here are the best deals in Malibu right now.  Call for showings and the “Low Down”. 310 699 8428 

31636 Sea Level Drive  A BEACH HOUSE!  $5,950,000 Near Broad Beach

BEACH FRONT LIVING- LIGHT, BRIGHT and a THIRD LEVEL DEN THAT OPENS TO VERY LARGE SUN DECK. GREAT MASTER SUITE ON THE WATER. GATED COMMUNITY. Seller has Ca. Real Estate License. SHORT PAY SUBJECT TO SELLER HAVING LOANS ACCEPTABLE TO SELLER.

Listed with Bill Mason Malibu Surf

  4134 MAGUIRE DR , MALIBU 90265  $1,099,000

REO/BANK OWNED FORECLOSURE!!! EXCELLENT, PRIVATE LOCATION IN THE HILLS OF MALIBU, JUST MINUTES TO PCH & THE BEACH. NEWER BUILT CONSTRUCTION W/LARGE ROOMS, OPEN FLOOR PLAN & HIGH CEILINGS. SPECTACULAR CANYON, MOUNTAIN, & PEEK-A-BOO OCEAN VIEWS FROM NEARLY ALL ROOMS & BALCONIES. LUXURIOUS MASTER SUITE W/FIREPLACE, PVT. BALCONY, DUAL VANITIES, LARGE WALK-IN CLOSET, & A LIMESTONE BATH W/SEPARATE STALL SHOWER & SPA TUB. ALL BEDROOMS EN-SUITE W/EUROPEAN STYLE BATHS. SPACIOUS COOKS KITCHEN & MUCH MORE

Listed with Philip Boroda Coldwell banker

  6115 PASEO CANYON DR , MALIBU 90265 $1,625,000  

Totally redone home in prime Malibu West location. Finest materials throughout with magical yard located on natural creek. Short pay, subject to bank approval. Deeded beach club and tennis court rights. Seller has California Real Estate License. 21549 PACIFIC COAST

Listed with Steve Karsh Malibu Surf

21549 PCH , MALIBU 90265  $1,399,000

La Costa beach landside ocean view home with 3 bedrooms & 2 baths. Open living room off of kitchen. Updated kitchen with granite counter tops and hardwood floors throughout. Wood beamed ceilings in family room. French doors throughout. Large private backyard with palm trees and lushly landscaped. Terrace & gardens with lots of entertaining decks. Large sun deck overlooking ocean. Home needs TLC. Walled and gated with La Costa beach rights. This is subject to a short pay -see private remarks

Listed with Irene Dazzan-Palmer Coldwell banker

  1944 CORRAL CANYON RD , MALIBU 90265 $614,900  

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.

Listed with Joyce Essex Coldwell Banker

   2315 LIVE OAK MEADOWS RD , MALIBU 90265 $1,449,000

 Lender owned. REO. Reduced for immediate sale. You saw it on CBS series “Shark” (exterior shots). Striking home on almost an acre of land with outdoor patio kitchen, gas fire pit, and room for a pool. Assessor states 3 bedrooms, but most likely use is as 2 bedroom. Open floor plan with gourmet kitchen. Cannot last at with this price reduction. Must be seen. Listed with Joan Shultz/Dilbeck

Back to the current articles

I can’t take credit for writing the article but I did come up with the story and pitched it to Ann Brenoff who did a great job describing the caravan food scene around Los Angeles. I originally had the idea to rate caravan food and have it as a regular blog article. If an agent consistently served great food at the caravans then I wanted to make sure the blogosphere knew about it. If they only served M and M’s than maybe the public shame would encourage them to up the ante to something better and more expensive, like, Nilla Waffers, or even a few glazed donuts! Still a far cry from the agents who put out La Salsa buffets or  build your own omelet bars with a personal chef.

I held off on writing the article and let Ann know about the idea. She loved it and I talked my way in to being the photographer for the article and even got a photo credit in the L.A. Times. The article made it in to several other papers including the Mercury News,  and The Examiner.

Peter Villes blog at the Times also ran the article and can be seen here.

http://www.latimes.com/classified/realestate/la-hm-caravan30-2008aug30,0,981999.story

Hungry agents pilaging the buffet set out by Alan and tony Mark at their Broad Beach listing
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“I know you’re sitting pretty in the Hampty Hamps, Posing like you’re rolling with that camp.”-Beastie Boys song Shazam.

If you too would like to sit pretty on the West Coast then stop posing and come have a look at this home on Broad Beach. Forget the real estate in the Hamptons where snow, not sand, is what you’ll see in the all winter. Move to Malibu, where sunny winters days can reach 80 degrees.

The authentic east coast style home was built in 1946 making it one of the first homes on Broad Beach. I must say that this home had some of the nicest construction details I had ever seen for a home of the this age. The home has numerous details that give it a feel of being on an enormous luxury yacht. There are large, round, wood-framed window that look like port holes. Some of these windows are even located on walls between two rooms. The main living room has large ceiling beams that are curved and give you the feeling of being inside an ark. In this room you will find a large fire place constructed out of hand gathered stones off the beach.

The actual price of the home is $22,000,000 and the basket ball court next door will run you the extra $14,000,000. You actually get more than a basket ball court, you get an additional APN so you’ll have one less neighbor, an investment property, or a place to build a spare beach house.

The homes website is here Hamptons in Malibu 

Qualified buyers can request a showing by calling the number below.

Mike Gardner

310 699 8428 

Most agents go into a listing appointment hoping for a 6% commission but will often get the contract signed at 5%. In areas like Malibu and other expensive communities, it’s not unusual for the commission to be 4% on homes that are $6,000,000 or more. This beautiful home on Broad Beach not only offers an exclusive address right on the sand,  but a whopping 7.5% total commission with the buyer’s agent receiving 5%! If the house closes at the asking price the agent who brings the buyer will walk away with close to $250,000 AFTER the split (based on a 50/50 split) with their brokerage! This is one motivated seller!  Here is the MLS description-   A CLASSIC MID-CENTURY “WALLACE NEFF” BEACH HOUSE, COMPLETELY AND TASTEFULLY UPDATED! CAPE COD HOME ON ONE OF MALIBU’S MOST EXCLUSIVE BEACHES. LIGHT, BRIGHT AND COMFORTABLE WITH PRIVATE BEACH SIDE PATIO. SHOWN BY APPT ONLY TO QUALIFIED BUYERS. This Broad Beach home is listed for $10,495,000 and has 4 bedrooms, 3 baths, with approx. 2340 sq.ft.

To any sellers out there wondering how to motivate agents to bring buyers….. raise the commission!

Call me to view the property. Mike Gardner  310 699 8428 

Click here to go to the website.

The home is listed with Tony and Alan Mark of Prudential Malibu Realty 

No, you can’t buy a home, condo, or trailer but you will get a one-month lease on a prestigious beach with neighbors who are on the paparazzi hit list. Yes, spring in near and Malibu Mega Beach House leases are just about to go up on the auction block for the who’s who to fight over.March Madness in Malibu has nothing to do with sports and more to do with people scrambling to secure the best beach leases.

“Players,” not on the ball, who don’t secure a lease early may be forced to “slum it” on lesser “$50k per month” beaches where your neighbor’s private 4th of July firework show may only last a paltry 30 minutes instead of an hour and the caviar might be California paddlefish not Russian Sevruga. Life’s tough ain’t it?

I predict that this year will have more demand than any previous year and we’ll see numerous listings above $100k per month. There currently 5 listings between $80k and $90k per month located in the Malibu Colony and on Malibu Road and most will require a three-month minimum and a hefty deposit. Previous  years saw 4 homes break the $100k per month mark with one topping out at $120k on Broad Beach.

 Even celebrities are cashing in on the rental action. There are reports that  Cindy Crawford   and Rande Gerber recently put their own house up for lease at $35k per month. The property is fairly priced considering that just a few miles to the south is Broad Beach where rents run $50-$120k per month.

Click Here to do a search for Malibu Summer Beach Leasesenter x55032 for ID and Malibu for password