The Malibu Real Estate Blog

I see this all the time….A major Malibu estate goes on the market at a high price and the neighbor a few doors down says “Hey! If he can get that, I should get this!” and will list their home for sale. It’s not a bad idea either if one house looks like a great deal and the other is priced a lot higher.

That’s my guess with what happened with the two major bluff estates above Paradise Cove competing for buyers right now. The first property at 28060 PCH came on the Malibu real estate market a few month ago at $55m then took a $10m price chop (just imagine that conversation between the listing agent and owner). Just a few days ago the property at 27740 PCH, just a few lots down, came on the market at $42.5m. Both are on similar lots and have homes between 11,000 and 12,000 sq.ft. They are both trophy properties by Malibu standards and sit on some of the most expensive real estate on the planet.

You can bet buyers in that price range are going to be looking at both properties for sale. Both homes are distinctively different in styles so it will be interesting to see which one sells first. Which one do you think will sell faster, the Spanish estate at 28060 or the traditional home at 27740? Check out the photo tours and decide! Comments about the price?

Like to see either home for sale? Call 310 699 8428 for a showing but be prepared to prove you can actually afford the properties! Unless you are crazy famous, it’s going to take more than “Just Google me” to get in!

Click here for photo tour at 27740 PCH

Click here for photo tour of  28060 PCH

Both places listed with Chris Cortazzo

One of the areas highest price listings got a price chop with $15m being lobed off the original $65m asking price. The grand wine estate hit the real estate market a few months back and was among the top five most expensive listings for sale in the Los Angeles area. The homes sits on one of the highest promontories in the Santa Monica mountain range and has jet liner views including a fair amount of blue ocean over Malibu. $49,000,000 now gets you your own “king of the mountain” estate with a vineyard that is ready to bottle a good amount of wine.

From the MLS “HUGE PRICE REDUCTION! Exceptional Rocky Oaks Estate consisting of 37 acres w/spectacular 360 degree views of the ocean & vistas of city lights & park-lands. Featuring an award winning vineyard, newly completed magnificent Tuscan home w/additional pads for GH, guard house & possible helipad, this estate encompasses acres of terraced vineyards & lush hillsides filled w/orchards. Designed by esteemed architect Bob Easton, this 9,000 SF grand home offers state-of-the-art amenities inc. infinity pool & outside loggia. A VERY SPECIAL PROPERTY!”
listed with Sally Forster Jones CB

Point Dume Real Estate Search

Click this link to be taken to an MLS search for condos, mobile homes, and estates for sale on Point Dume.The user id is x55032 and the password is dume

Another record asking price home has hit the Malibu market this week on Point Dume. The original condition, super-sized ranch house compound sits on little over an acre above a private beach and has endless views of the Santa Monica bay.

From the MLS below.
LIMITLESS COASTLINE VISTAS SEEM THE EXCLUSIVE POSSESSION OF THIS BREATHTAKING 1.1+/- ACRE BLUFF ESTATE CONSIDERED THE RAREST JEWEL IN THE COVETED CROWN OF MALIBU’S PRESTIGIOUS PT. DUME ENCLAVE, COMMANDING 220° VIEWS OF BUCOLIC PARADISE CODE.A CELEBRITY-STUDDED ENVIRONMENT OFFERING TOTAL PRIVACY, EXPANSIVE TERRACES AND POETIC GARDENS, FULL-SIZE TENNIS COURT, AND A UNIQUE ARCHITECTURAL RESIDENCE, QUIETLY ENSURES A CAPTIVATING AND TREASURED LIFESTYLE.DEEDED BEACH ACCESS BY PRIVATE, KEY CODED TRAIL.

Listed with Chris Cortazzo/Coldwell Banker

I was out on caravan yesterday and noticed that an agent was advertising a $100,000 per month lease but NOT on the beach! Intrigued, I headed up Latigo to go investigate and was immediately wowed by the sheer size of the home that unveiled itself as I drove in through the main gates. Sitting a few miles off PCH on a nearly 10 acre parcel is this amazing 14,000 sq.ft. Italian Villa with whitewater views of Point Dume, Santa Monica Bay, Palos Verdes, and beyond. The home would be ideal for a reclusive celebrity, an international polo star, or anyone bored with cartel life in Dubai.

Understand that it’s not listed for sale but can be for the right buyer. It’s known as a pocket listing where the agent may choose to let a few people know that it can be had for a certain price. In this case the owner may want to primarily lease it but could be persuaded to let it go if there is a three with enough zeros behind it presented in the offer. I’m not talking $3,000,000 either! Call for a showing. 310 699 8428

From the MLS

ENJOY THE SUMMER AT VILLA CASCATA WITH A SPECTACULAR POOL AREA, HORSE FACILITIES, TRAILS, LAWNS, FORMAL GARDENS, KOI POND AND A LARGE GUEST HOUSE FOR YOUR OUT OF TOWN VISITORS. THIS NEWLY COMPLETED MASTERPIECE FEATURES INTERIORS BY NOTED DESIGNER AUDREY RUTH AND IS SITED TO COMMAND VIEWS FROM PT. MUGU TO DOWNTOWN LOS ANGELES. THE OWNERS OF THIS PROPERTY ALSO CONTROL THE ADJOINING 103 ACRES TO MAXIMIZE PRIVACY. AVAILABLE MONTHLY. CALL FOR SHORTER TERMS.

The home is listed with Paul Grisanti of Coldwell Banker in Malibu.

It’s not often that you see a house like this for under $3,000,000 on Point Dume in Malibu. 2 years ago this price got you a tear down ranch house. Here’s the low down. The house is completely remodeled, has a good size yard with a large lawn, an nice ocean view, is close to Point Dume Marine Science Elementary School, and best of all …..a beach key to a private beach. At $2,495,000 It’s a smoking deal! Call me for more information about “Malibu Real Estate”. 310 699 8428

UPDATE>>>>IN ESCROW! There are other deals on the Point, including a few unlisted places! Click on Point Dume Homes For Sale

 The house is listed with Lily Harfouche of Coldwell banker

The gilded age continues! For $150,000 per month, with a two month minimum, you can rent the ultimate get away house. The home, located on Cliffside Drive on Point Dume, has 4 bedrooms and 8 baths with enough interior space to park a few Gulf Stream V’s. There is a  direct trail to the beach and you can run around the property naked if you please because you will have total privacy. You are going to have to cough up a nice security deposit of $300,000 which means you’d better be ready  to cut a check for $450,000 to move in for the first month.  Let’s work with smaller numbers ya’ll can grasp. It’s only $200 per hour or $5000 per day. Considering that the Presidential Suite at Shutters in Santa Monica is $3500 per night, renting this for a mere $1500 more  makes sense, right?. Why rent a room in a hotel when you can rent a Mansion? The only downside to staying here is that you can’t walk outside and buy fake sunglasses or watch guys in Dolphin shorts skating on the Venice Boardwalk. Oh well. 

 The home is listed with Chris Cortazzo of Coldwell Banker

Over the weekend, several blogs and newspapers were reporting that Nancy Daly Riordan sold her home on Carbon Beach for a price in the vicinity of $62 million dollars.  This would be a record sale for Malibu shattering last year’s record sale of Johnny Carson’s home on Point Dume at $35 million.   The Real Estalker is reporting that the deal may have fallen through and the original Canadian buyers, may possibly be Russian.  The 12,785 sq.ft. house sits on a triple lot on “Billionaires Beach”, aka Carbon Beach, in the heart of Malibu. It may have been in escrow, but even with high end transactions, you might as well translate the word “escrow” to mean “a big maybe.”Even if the deal fails to happen, you can bet everyone else on the beach will assume their beach houses just became worth $10,000,000 more overnight. The very fact that someone even thought of paying that amount sent the smell of money into the salt air and along PCH. I imagine several conversations like this occurred last week. House seller to agent,      ”Yeah……how much did the business manager say to list our house for?”Agent    ”$17,000,000″Seller   “Well, let’s raise it to $27,000,000.” Agent (while calculating the commission)     “Good idea! Sign the fax and I’ll make the changes.”