The Malibu Real Estate Blog

On March 8th I posted an article on my free WordPress.com blog about a new record price being set for a monthly rental in Malibu. (click here to read it)

The L.A. Times read it and called me to do an article on leases in Malibu and ran it on March 24th on the front page. (article)

On May 7 Le Figaro, a major French newspaper, ran an article about Malibu being the St. Tropez of California and quoted me again! The funny part was I never said any of that! I did say that Malibu was resilient to economic downturns in the real estate market but the rest is creative writting!

 (article)  

A lesson for Sellers. There is  a really great house for sale in Malibu that went on the market in Feb. of 2007 at $4,775,000. A few months later the owners dropped the price to $4,575,000. On Jan. 24, 2008 the owners went for the big  chop and dropped the price almost $800,000! It soon had buyers swarming and the offers came in. That’s a million dollar price reduction in a years time. (There was a sale pending but it is showing as active in the MLS)  Bottom Line. If you want to sell and you don’t have offer’s in the first month or two, get aggressive and start chopping.   

 The home is listed with Wendy Jensen at the Coldwell Banker Malibu. It’s one of the best deals I’ve seen if you want a ~4000 sq. ft.  private house with an easy walk to the beach. 

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