The Malibu Real Estate Blog

The home once used for a popular TV series is now heading for a 50 percent off sale but has yet to secure a long term relationship with a buyer. The home originally came on the market in 08 for $12,995,000 and is now asking $6,750,000. That’s one whopper off a price drop in less than 12 months! That’s a half million a month off the original price!

I have been in the home a few times for the annual Range Rover Driving School events held there each year and will say that it is an incredible property and may well be worth the recent asking price. There is also substantial income generated with the events, weddings, and shows filmed there so an out of town buyer who wants rental income might work well. While not in Maibu, it is less than 10 minutes from the beach via Kanan, and 10 minutes to the valley.

Listed with Mark Miller of BarCode Properties

How do you find deals in Malibu? Look for sellers that are going for big price reductions. Here are a few from the last week. 

4226 ESCONDIDO DR  Originally listed at $1,750,000. Chop to bits, Ginsu style, and now at $1,299,000.

6153 BONSALL DR  Hit the market at $7,995,000. Hacked and slashed like a horror film down to $5,975,000.

6048 PHILIP AVE Showed up to the party at $5,475,000. Now singing Snoop Dogg’s “Drop it like it’s hot” to $4,875,000

24056 MALIBU RD Started at  $5,595,000. Lowering with the tide to $5,195,000