The Malibu Real Estate Blog

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

Deals are to be had once again in Malibu, even on the beach. Here is a home that hit the market in late 07 for $6,000,000. The home is located in the guard-gated enclave knows as the Malibu Cove Colony near Geoffrey’s restaurant. The home needed some work but has great views of Point Dume, is in the Paradise Cove Bay where it lies protected from the afternoon northwesterlies,  and is in a neighborhood of $5-6 mil. homes that rent for $40-60k per month in the summer. Over the course of 11 months, the home had 5  major price reductions and has just closed at $3,500,000. 

Check out the listing history below.The home was listed with Sandra Miller

A home (more like a funky shack) at 21106 Pacific Coast Highway burned down this morning. The house was listed for sale at $2,595,000 and had been on the market for almost one year. The blaze scorched both neighbors homes on either side. Here is the extensive MLS description…”Original beach shack bring your hammer.” Yep, that sums in up. It’s a fixer. I mean was a fixer. Below are the “Before” pictures.

And After

The home was listed with Steve Karsh of Malibu Surf Realty.