The Malibu Real Estate Blog

Huge price reduction on this Broad Beach home for sale. Now $6,999,000.
A rare opportunity to own an original Malibu treasure — a mid-century beach bungalow is currently being offered for sale on exclusive Broadbeach Road.

The home, built in 1955, sits on approximately 40 feet of prime beach frontage and has the added advantage of being located on a very deep, sandy lot. There are two bedrooms upstairs and a bonus room downstairs. This charming beach cottage is the kind of place to use and enjoy while you wait unit you’ve figured out what you’re going to build next.  I’ve visited the home several times and one of its most special features is that everything on the inside is original. The place appears to be stuck in time with its timeless furnishings and art from the early 60′s. The  period-correct kitchen includes an indoor barbecue grill on the side of the living room fireplace. Imagine grilling a steak over smoldering charcoal in your kitchen….a Dean Martin-style martini in one hand, tongs in the other. There are some of those sad clown oil paintings that many of our grandparents had hanging on the wall, and there’s the big sliding glass door, the one your parents always told you not to slam with the mesmerizing locking mechanism. Outside is a modest garden comprised of various succulents accented with a few agaves next to a well tended bed of ice plant. There’s also a perfectly aged wooden beach path leading to the ocean only steps from the home. You can tell that a lot of memories were created here. The home abounds with charm and is one of the last remaining of Malibu’s classic beach bungalows, and for sale at $6.99m.

Listed by Mike Gardner, and Tony Mark of Prudential Malibu Realty

Click the image below to see the website and more photos or QR code here

Just got back from caravan with a very full stomach and a bunch of blog ideas about great deals and over priced homes! I’m going to keep it positive today and tell you what I think is the best deal out there within the Malibu real estate market.

The home for sale over at 6323 Via Escondido really caught my eye this morning. It has to be the best value for a home over 5000 sq. ft. in Malibu. The home is listed at $2,595,000 with 6 bedrooms, a large grassy area with room for a pool, has numerous outdoor decks,……and is actually a nice, well done, newer home. Other homes in the price range are fixers! With 5800 sq. ft., located within walking distance of a private beach and private tennis court, you can see why I think this place is going to sell. The home is multi-level with 3 stories and would work great for someone with a bunch of kids, a maid, and parents who need a few room to escape too for peace and quite. Nothing under $500 a sq.ft. can come even close to what this home offers. Check out the slide show below and call to make an appt now because I’m betting this one sells quick. 310 699 8428.

Side note…..The agent throwing the caravan today did it right. He hired The Farm from Beverly Hills to layout a great spread. The food was the best I’ve seen in months and is the only way to make sure a lot of agents show up. By 11am he had over 40 agents signed in to the caravan. Next time you interview an agent for a listing, ask him what his plans are for caravan and see if they even mention putting out a nice spread. This agent had lox and bagels with all the proper toppings. A real cheese plate with imported bries, moldy cheese, and cured olives,….. not those crappy costco ones with three colors of cheddar I see at some open houses. There was a dessert bar with scones, croissants, and danishes…again not from Entimens, but home made. Here’s a pic of the spread.

New to the Malibu Real Estate Market! Adorable home for rent in Malibu Park with big ocean views and a quick walk to the markets and beach.

3106998428 for a showing.

A few years ago you’d be hard pressed to find anything on Malibu Road for under $6m. The Malibu real estate market has changed, so if you’ve been on the sidelines now may be the time to pick up that Malibu beach house you’ve always wanted. Currently asking $5,400,000, the homes features  expansive decks, a third story guest nook or office, and a two story open ceiling living room. Check out the master bath with it’s period correct stained glass and deep, round, swingin spa tub. At this asking price, there is a legitimate chance that it could sell at under $5m. Call for a showing 310 699 8428.

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

Luxury Home Insurance

Just as elite and expensive cars require special insurance, so too do the luxury homes of Malibu.  From an insurer’s point of view, however, a house isn’t a luxury home just because it came with a high price or an enormous amount of square footage. Instead, a luxury home must have one or more of the following features: fine architectural detailing or uncommon construction details, high-quality construction, significant age, and contents that include fine art, collectibles or antiques. If your home meets this description, you should be shopping for a luxury home policy.

While all luxury home policies still cover all of the same perils and conditions as basic homeowners insurance policies, albeit at higher limits and values, there are certain things you must discuss with an agent up-front. Specifically, they are:

·      Contents: Be sure that your policy will give you enough to replace, not just your home, but also its contents, including valuable collectibles, antiques, and art. Go over each type of personal property and ask how the policy valuation clause works. Just last week I walked it to a Malibu Beach home with an impressive Warhol collection of Art.

·      You want a policy with guaranteed replacement cost on the structure itself with no limit, and replacement cost on the contents without limits like “actual cash value” on antiques. You will need to pay special attention to the limits on sub-classes of contents, like furs, jewelry, and silver, as well. Go in with an itemized list, if possible, and keep your list current as annual renewal dates roll around.

·      Age: With antique homes, it is imperative that you make sure your policy will pay to upgrade the construction to meet current building codes after a loss. This includes upgrades in undamaged portions of the house, if local building authorities so mandate.

·      Appraisal: While many insurance companies use a copy of the real estate appraisal done when you built or bought your house, with a luxury or antique home you may be better served if the insurer sends an appraiser of their own out to assess your property, and document not just the value, but also the construction details of your home. This will go a long way toward expediting your settlement if a loss occurs and you must make a claim. It will also insure that your coverage is really enough to replace your home in the event of a total loss.

Luxury home policies will cover every normal peril named on a standard homeowners insurance policy, but one thing they do not generally include is coverage for mudslides. Mudslides and landslides are considered flood-related perils, and are usually only covered within flood insurance policies, something you should consider adding to your insurance portfolio, especially if your home is in a flood zone.

Finding cheap insurance on a luxury home and its special contents, is more difficult than insuring the average single family home in a suburban subdivision, but this is because both the structure and the items inside cost more to replace. By being an active participant in the process, you will ensure that your home insurance meets your needs.