The Malibu Real Estate Blog

On Monday mornings we have our office meeting to discuss various aspects of the Malibu real estate market. One question we always throw around is, “What was the best thing on caravan?” About half the agents, including me, thought the new listing on Birdview was the nicest house for sale. The home has a distinctly Asian feel with the kiln-fired and blue glazed tile roof, an Indonesian/Bali feel with the tropical landscape, and a zen/Craftsman interior that smartly leaves the Japanese feel at the door. The shared feeling by many agents was “what a pleasant surprise” and “this house has a great feel.” The house, in fact, was so unique and special, that the $11m asking price seemed to be a side note. This is the type of home someone will walk into and just “want it” because of the emotional connection.
From the MLS “SEASIDE BLUFFTOP ESTATE- PRIVATE PATH LEADS TO SANDY SHORELINE- ROMANTIC AND PRIVATE SETTING- LUSH LANDSCAPING ENVELOPES YOU IN A TROPICAL PARADISE- INCREDIBLE OCEAN VIEWS SPAN THE PRISTINE COASTLINE- OPEN & FREE FLOWING FLOOR PLAN 6 BEDROOMS- MEDIA ROOM, OFFICE, GOURMET KITCHEN AND EXQUISITE MASTER BATH- SEPARATE GUEST HOUSE BY LAGOON POOL WITH ADDITIONAL BEDROOM, BATH AND GYM- SPACIOUS PATIOS WITH OCEAN VIEW DINING AND ENTERTAINING SPACE- NO NEED TO VACATION ON A TROPICAL ISLE, HERE, YOU HAVE YOUR OWN FANTASY RETREAT.”
Listed with Chris Cortazzo and Bobette Halverson

Listed with Chris Cortazzo and Bobette Halverson

There’s a skit on SNL/Hulu that we watch called “What Up With Dat”. It’s silly and doesn’t make a ton of sense but the catch phrase get’s so stuck in your head you to will be saying it to your spouse like I do. My wife will say, “The dog just jumped on the bed with dirty feet!” and I’ll reply, Continue Reading »

No, it does not have Asanti Diamond “Dubs” on the axles. No, there are no oil reserves underneath, and you don’t even own the land. What you do get is an incredible ocean view on Point Dume, Malibu and the security knowing that tornados Continue Reading »

If you are in the market to buy a home for sale in Calabassas, Agoura, or Thousand Oaks, you may want to venture up Kanan to see this amazing deal on a new luxury home in the development known as Vintage at Hidden Park. This is the last built home available and it just had a major price reduction minutes ago. Continue Reading »

There are several condos on the Malibu real estate market that are heading into the  ”half off” sale category so take note of these deals!

Deal numero uno…

28266 Rey De Copas Lane, Malibu

Top row remodeled unit with ocean views and twice the parking as any other unit. Exceptional finishes make it look like a swanky hotel room at a high end resort. Once listed at $1,075,000 now at $659,000. Here is the MLS description and pictures… Continue Reading »

What you need to know about the Malibu Real Estate market.

Whenever an agents list a property that is “distressed” they must disclose it in the MLS. There are several categories that they can check off such as bank owned, REO, short sale, or short pay. Not only is it the law, but it’s useful in that when I log on to do a quick search for Malibu homes for sale that have those designations. Today’s report shows 17 properties in this category and some of you reading this will want it!
If you are a bottom dweller looking for a steal, you may need to look in Vegas, Florida, o Palmdale… our market is still holding up fairly well!
Contact me for that list! Email Me
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Get your tweet on. I post live reports from the real estate field as they happen. Find me on Twitter @malibure
Want daily emails showing price reductions in Malibu? Email me asking for “Listing Book” for access to the MLS Malibu agents use.
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Breaking News!!!!! A Carbon Mesa Home (area near the Malibu Peir) just hit the Malibu Real Estate market this morning as a bank owned sale. It has 4 bedrooms, ~2600 sq.ft., an ocean view, and is on almost 2 acres for $1,141,000.
The list of 19 Malibu homes and condos for sale that are in the category of REO, bank owned, distressed, foreclosure, or short sale is available to those who request it via email. Email If you consider yourself a serious buyer for Malibu Real Estate do yourself a favor and contact me. I will not only send you a list of homes available now, but will also let you know of homes I can get you in to that aren’t listed or are about to be listed!
Without giving to many details I can tell you that one of the frequent readers of this blog was first to be notified about a huge, ocean view, home for sale in the distressed (short pay) category. He came out right away and now has an offer on a home, that if it gets accepted, may be the deal of the year in Malibu.

Despite the downturn in Malibu real estate, Point Dume still remains in demand with numerous homes closing this past month including one listed for sale $7.5m. A large garden estate located on Wildlife Road recently became one of the larger numbers seen on a property not located on the bluffs. The home, close to the beach gate, was over 8000sq.ft. on roughly 1.5 acres. Other transactions were seen on Grasswood, Fernhill, and in the Point Dume Club. There are still numerous homes for sale on Point Dume but if you are looking for desperate sellers, you may need to shop in Lancaster. Email Me to request a list of Point Dume homes for sale.

Listed with Mark Gruskin

If you are in the market for a very large Malibu home and require panoramic ocean views, room for entertaining large number of guests, privacy, and a “king of the hill” location, then Villa Cascata may be your next home. Located a few minutes off PCH up Latigo sits this incredible 14,000 sq.ft. masterpiece of Italian style architecture complete with horse facilities, tennis court, guest house, and formal gardens. The home is listed at $13,950,000 and when compared to other homes of equal size, appears to be a very good value. After a quick search on the mls, there are no other homes with the same amount of living space, acreage, or views that come close to this price range. Also noteworthy is that it is the personal home of designer Audrey Ruth who has finished the home with incredible details.

The property sits on 19 acres with additional contiguous properties available for sale…28 acres to the east and 88 acres to the West which includes Escondido Falls. For those who forgot their Spanish lessons, Cascata is “Waterfall” in Spanish. So why live in Beverly Hills without an ocean view when you could live in Malibu with your own private waterfall and enough land to plant a vineyard? Cascata Winery anyone?Call for a showing 310 699 8428. See the slide show of this Malibu home here.

From the MLS.

VILLA CASCATA IS YOUR NEW HOME. THIS AMENITY RICH PROPERTY HAS IT ALL. HORSE FACILITIES, SPECTACULAR POOL ENTERTAINING AREA W/ KITCHEN AND FIREPLACE, TRAILS, LAWNS, FORMAL GARDEN, KOI POND AND A LARGE GUEST HOUSE FOR YOUR OUT OF TOWN GUESTS. THIS NEWLY COMPLETED MASTERPIECE FEATURES INTERIORS BY NOTED DESIGNER AUDREY RUTH AND IS SITED TO COMMAND VIEWS FROM PT. MUGU TO DOWNTOWN LA. ADJOINING 103 ACRES ALSO AVAILABLE.

Listed with Paul and Sara Grisante

A quick search of the MLS within the Malibu Real Estate market  shows that there are are total of 14 homes for sale that fall within the distressed category. Home range from a $6m beach house on Sea Level to a $399,000 condo at Malibu Villas. The smart investor or opportunist might just want to email me for that list of homes!  Email Me
Want to be in the know about smoking deals? Sign up for the RSS feed. The second I publish, you get an email.
Get your tweet on. I post live reports from the real estate field as they happen. FInd me on Twitter @malibure
Want daily emails showing price reductions in Malibu? Email me asking for ” Listing Book” for access to he MLS Malibu agents use.
subscribe to my RSS feed! If you have no clue what an RSS feed is click here for a quick video.

Here are a few large, ocean view homes for sale in Malibu that have had some great price reductions and offer a low price per sq.ft. Call 310 699 8428 for showings.

6368 Sea Star, Malibu Ca. 90265 6 bedrooms 6257 sq.ft. Originally priced for $6,800,000 Now $3,495,000
“STUNNING MEDITERRANEAN VILLA LOCATED BEHIND THE GATES OF PRESTIGIOUS SEA STAR ESTATES. THIS EXPANSIVE ESTATE OFFERS ENDLESS OCN & WHITEWATER VWS THROUGHOUT EVERY LIVING SPACE. STATE OF THE ART KITCHEN W/BUILT-INS, GRANITE COUNTER TOPS, HIGH-END APPLIANCES & A WINE FRIDGE MAKES COOKING & ENTERTAINING A DREAM. LUXURIOUS MSTR SUITE BOASTS HIS & HER CLOSETS, LARGE DOUBLE VANITY BATHROOM W/SPA TUB & GREAT PATIOS FOR RELAXING & SOAKING UP THE VIEWS. GUEST HOUSE, 3-CAR GARAGE COMMUNITY TENNIS COURTS”

6208 Ramirez Mesa, Malibu 90265 Ca. 5 bedrooms 5932 sq.ft Originally priced for $5,250,000 Now $3,610,000
“PANORAMIC COASTLINE AND OCEAN VIEWS FROM THIS STUNNING ITALIAN VILLA SITUATED IN A PRESTIGIOUS GATED COMMUNITY. A DRAMATIC ENTRY, SPACIOUS ROOMS W/HIGH CEILINGS, LARGE FAMILY ROOM W/FIREPLACE & WET BAR. BEAUTIFUL MASTER SUITE W/SITTING ROOM, FIREPLACE & VERANDAS. FORMAL DINING ROOM, WINE CELLAR. A CIRCULAR DRIVE W/3-CAR GARAGE. ALL SITUATED ON BEAUTIFULLY LANDSCAPED GROUNDS W/GAZEBO, POOL/SPA, FOUNTAINS AND OLIVE TREES AND FLOWERING GARDENS. A FANTASTIC HOME TO ENTERTAIN YOUR GUESTS.”

6288 Porterdale Drive Malibu Ca. 90265 5 bedrooms 10,636 sq.ft Originally priced for $7,995,000 Now $5,950,000
“ARTISTICALLY DESIGNED MEDIA AND ENTERTAINING GATED ESTATE W/SOOARING LIVING SPACES HAND PAINTED CEILINGS, MURANO CHANDELIERS. THREE STORY EUROPEAN VILLA W/ELEVATOR, SITUATED HIGH ABOVE MALIBU W/EXTRAORDINARY VISTA OF THE PACIFIC FROM EACH ROOM. SURROUNDED BY LAWNS AND FOUNTAINS, TERRACED GARDENS AND WATERFALLS, MAGNIFICENT OVERSIZED POOL W/JACUZZI. GAZEBO W/MEDITERRANEAN CUPOLA.”

All homes listed with Chris Cortazzo/CB

The gilded age continues! New this week to the Malibu Real Estate market is  a 9000 sq.ft. Tuscan wine estate  with an asking price of $65,ooo,ooo! For  that price you get 37 acres of land with the home located on the top of a mountain with 360 degrees views of the ocean, valley, and city. If you want to be king of the mountain, then there might not be any finer home than this one. The home for sale is located in the middle on Malibu’s burgoning wine country along the Kanan corridor. You may have seen a few times as you get close to the tunnels, a castle-like structure on the high peak among thousands of grape vines. There is an invite only  private showing on Thursday where I will post live updates via Twitter about the scene, the food, and if it’s really worth $65,000,000. Pics to come as soon as they are posted! There are only two other listings in the MLS that are higher priced than this. One for  $72m and one for $75m! Tomorrow I’ll post write about the top 5 most expensive listings in the area.

I saw a few things this week that made me pick up the phone and call clients telling them about some great opportunities within the Malibu real estate market. Yesterday on caravan, I was wowed by a home for sale located on Ramirez Mesa. This is a gated development of roughly 20 homes that sits above Paradise Cove and has great ocean views. The home for sale is almost 6000 sq.ft., nicely remodeled in a Tuscan/Mediterranean style, had 5 bedrooms ,a pool, and a three car garage. The home had views of all on Santa Monica Bay and has room for a vineyard. It’s current asking price is $3,950,000, which in my view makes it one of the largest, and nicest, homes available under $4m. I even think there is some room on the price! Call 310 699 8428 for an appointment to view it.

Listed with Chris Cortazzo

The other great deals in general are showing up in the condo market. I think we may see some condos closing at $350k or less in the next few months. There is one listed at the Malibu Gardens for $389,000! At that price it makes a great rental for Pepperdine students or just a weekend crash pad to enjoy the beach.

Want to be in the know about smoking deals? Sign up for the RSS feed. The second I publish, you get an email.
Get your tweet on. I post live reports from the real estate field as they happen.
Want daily emails showing price reductions in Malibu? Email me asking for ” Listing Book” for access to he MLS Malibu agents use.
subscribe to my RSS feed! If you have no clue what an RSS feed is click here for a quick video.

By 8 am this morning I had 2 clients emailing me asking what the story was with a new listing in Malibu Park for $699,000 that once was listed at $1,800,000!!!!!!. This is not a condo, but a half acre, ocean view, one bedroom home from 1949. They got the alert at 6 am this morning just hours after it was inserted on the MLS. When they checked their email they saw the hot deal and were among the first to know about it. The reason they got it so fast was because they had me create a “Listing Boo”k account for them where they can keep track of all real estate activity in Malibu. With this account, clients have full access to the MLS and can even change criteria to fine tune their searches. If you are serious about watching the market, finding new listings, and even getting price reduction updates on marked homes, then email me with what you are looking for an consider it done!

About the house. It’s small and permits are pending. One bedroom and 2 baths on roughly 1/2 acre with ocean view and near Malibu High School. The house is being auctioned off on 11/14/09. Here is the MLS 411. Call me for info 310 699 8428 or email me .
“**AUCTION**AUCTION**60% *OFF* Original List Price of $1,795,000**11.00*Sold on site 11/14/09 @ 11am**Original house first built in the 1940’s. Foundation, utilities, landscaping, gates and fencing are in. Permits are pending, for a new home. Charming little guest quarters occupied by tenant. A very special setting with an exceptional ocean view. Lushly landscaped property has mature avocado, lemon & orange trees.”

“Incredible,” “One-of-a-Kind,” “I feel like I’m in another country”… These were just a few of the statements heard at the broker’s open house in Malibu on Thursday. The Spanish-style villa, designed by Malibu’s own Michael Lee, sits above a dramatic coastal section of shoreline near El Matador Beach. Formally know as the Buddy Hacket home, Lee transformed the 60’s contemporary structure into a home that looked as though it came from the Basque coastline circa 1700’s! There is a seaside, stone amphitheater complete with stage thats sits above a shallow pool, a design from ancient Rome where scenes of naval warfare could be reenacted. There are modern elements, like the high-end freestanding tubs, set amongst reclaimed vintage wood and a minimalist kitchen with pantry separated by a salvaged barn-style sliding door. The exterior has large stone decks with whitewashed stone planters holding mature olive trees. You’ll even find hand hewn rock troughs with herbs, decorative terracotta vessels, and a small bathing terrace closer to the waves. If you are in the market for an exceptional home and can be qualify for the $19,000,000 price tag , contact me for a private showing. There is no other home in Malibu that will give you the feeling of being on vacation in another country!
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Listed with Ellen Francisco CB Malibu