The Malibu Real Estate Blog

Malibu real estate alert! This just happened last night and I want you all to go figure out where you can come up with the funds to buy this house or tell a friend about it. This listing hit the Malibu real estate market a few moths back at a price that just wasn’t working…. $2,9995,000 was way to high! Now the Point Dume home has had a $1m price chop to a real sellable number at $1,995,000. It’s rare to get anything on Point Dume under $2m with this size lot.

Here’s the deal. It’s a great Malibu property with a ton of usable land. There will be good views if you can get a second story built and his has a beach key. The problem is the house is  dated and has a weird tug boat appendage growing out of the right side. It’s actually three story guest house with the top floor having the best views of the Malibu coastline. The tug bat part is just a facade that can be ripped down. The main house is kind of a cool post and beam that can be lived in for a while until you remodel and it’s almost 4000 sq ft.!

If you’ve been priced out of the Malibu real estate market, specifically Point Dume, here’s your chance. Just bring your captains hat or Captain Merrill Stubing… He’d feel right at home here.

For showings call 310 699 8428.

Another smoking deal on a bank owned Malibu home for sale! Less than 5 hours ago a new listing hit the Malibu real estate market that will be gone shortly if you don’t act quick. Asking $1,119,000, this Malibu West home has three bedrooms and has been nicely upgraded. This Malibu home for sale also comes with beach rights at the Malibu West Beach club on Broad Beach. Call for a showing 310 699 8428 or request a list of bank owned Malibu properties for sale. Email for Bank Owned List
From the MLS….”BANK OWNED REO! GREAT OPPORTUNITY TO OWN IN DESIRABLE MALIBU WEST LOCATED ON A BEAUTIFUL TREE LINED STREET THIS SINGLE LEVEL HOME FEATURES 3 BEDROOMS AND 2 BATHROOMS. THE GARAGE HAS BEEN CONVERTED TO A DEN/OFFICE SPACE/ LIVING ROOM & FEATURES RANCH STYLE WINDOW OPENINGS. THE PROPERTY IS SITUATED JUST BEHIND A CREEK AND FEATURES A NICE GRASSY AREA AS WELL AS A COVERED SITTING AREA IN THE GARDEN AND CONCRETE/BRICK PATIO JUST OFF THE BACK SIDE OF THE HOUSE. GREAT HOME JUST BLOCKS FROM THE OCEAN.”

listed with J Cohen Re/Max

There are two homes in Malibu for sale that are worth seeing if you like modern architecture and jetliner ocean views.
The first home in Malibu that I’m a huge fan of is the listing at 27312 Winding Way. This one of a kind modern home is set in to the side of your very own private mountain with views looking over Paradise Cove and the bluffs of Point Dume. This is the home you buy if you want to be like Tony Stark in his Malibu Iron Man House. I’m not kidding when I say that this home has a similar views to what you’d see from a plane a 10,000 feet flying over Malibu. Also, if you need privacy and security, it’s got that too with only an occasional deer breaching the perimeter. It hit the Malibu real estate market at over $8m is now a deal at $6,750,000.
Form the MLS “STAGED & REDUCED! THE BRIDGE HOUSE, CHRISTOPHER R. SORENSEN AIA. INCREDIBLE OCEAN VIEWS FROM EVERY ROOM OF THIS PRIVATE GATED CUL DE SAC LOCATION. THIS BRAND NEW HOME IS COMPLETE AND READY FOR MOVE IN. RIFT SAWN OAK FLOORS, CONTEMPORARY STYLE AND A POOL WITH YOUR OWN MOUNTAIN TO HIKE AND ENJOY. GREAT SEPARATION OF THE PRIVATE AND PUBLIC AREAS MAKE THIS HOME IDEAL FOR ENTERTAINING. SELLER HAS HAD MEETINGS WITH THE CITY AND THE PROPERTY COULD EASILY HAVE A TWO ROOM GUEST HOUSE ADDED OVER THE GARAGE.” The website can be viewed here The Bridge House

The other Malibu home for sale is one of my personal listings in Malibu. The home is located at 5710 Trancas Canyon and is a one of a kind compound that includes a 5000 sq. ft. guest house that is perfect for use as a studio for an architect, photographer, or music producer. This home also sits on top of a mountain top and is very secure and private.From the MLS “THIS MODERN MALIBU ESTATE SITS ON 10 ACRES W/360-DEGREE OCEAN, MOUNTAIN, & CANYON VIEWS. APPX. 9700 SQ.FT IN 3 BUILDINGS. BUILT OF STEEL & GLASS, SUSTAINABLE MATERIALS & WATER FEATURES. THE MAIN RESIDENCE SITS ON TOP OF HILL W/LIVING AREA, DINING AREA, CANTILEVERED FIREPLACE, & CUSTOM CHEF’S KITCHEN. MASTER SUITE FEATURES ROOF THAT OPENS TO SKY, BUILT-IN CEDAR-LINED CLOSETS, & WALK-IN SHOWER THAT OPENS TO OUTDOORS. ON LOWER LEVEL OF MAIN HOUSE IS LAUNDRY ROOM, MEDIA ROOM, & OFFICE OR CAN BE USED AS 2 GUEST BDRMS W/BATHRM. THE ROOF HAS FIREPLACE, HERB GARDEN, & WATER FEATURES. DOWN DRIVEWAY IS STUDIO, WHICH IS SURROUNDED BY TURTLE & KOI POND. OPPOSITE STUDIO IS SOLAR-HEATED SALTWATER POOL, SAUNA, ENTERTAINMENT PAVILION, & POOL HSE W/KITCHEN & BATHRM. STUDIO HAS OFFICE W/CONFERENCE ROOMS, KITCHEN, BATHRM, & GUEST QUARTERS W/SEPT. ENTRANCE, BEDROOM/LIVING AREA, KITCHEN, & BATHROOM. DOWNHILL FROM STUDIO IS ANOTHER GUESTHOUSE W/GYM, BATHRM, & STORAGE. INCLUDES WEST MALIBU BEACH CLUB RIGHTS.”

The Malibu real estate market is still very active as we head in to the holidays and what is traditionally a very slow time for real estate. There are apprx. 200 Malibu homes for sale, 17 Malibu homes in escrow, and several quite sales have been completed on the beach and on Point Dume. If there was ever such a thing as Black Friday sale on Malibu Homes here are a few that would make the list. These Malibu homes for sale are all on my best buy list.

The best deal on a Malibu beach house is 23952 Malibu Road on Colony Beach. The home came on the market at $7,500,000 and is now offered at $4,850,000. It’s approaching a potential sales price at 50% of its highest asking price. The large beach houses a few lots to the East are all in the $10m-$20m range. It has been offered for lease in the summers at $50k per month. The website can be seen Malibu Beach House For Sale.

The best Malibu real estate deal on an home under $5m is 5600 Sea View. $3,200,000 for 6800 sq.ft with great ocean views. At the peak of the market this home could have asked $5,900,000.

The best Malibu real estate deal on an Malibu estate over $5m is 27530 Villa Cascata. $11,750,000 for almost 14,000 sq.ft. It’s been listed as high as $17m

The best Malibu real estate deal on a Malibu condo is the unit at Rey de Copas for $299k that should rent out for above $3300 per month. It has 3 bedrooms and three bathrooms. These same condos were asking $500k at the peak of the market

Email me if you’d like a list of my personal list of bets buys. Please be specific about what you’d like sent Malibu Real Estate@mac.com

A Cliff May mid-century hit the Malibu real estate market last night. The home, located in Bonsall Canyon, came on the market at $2,495,000 and has an ideal yard for kids with pool, large grassy areas, and mature sycamore trees for monkeying around. If you don’t know about Bonsall Canyon, let me just give you my local opinion…..it’s one of the nicest, most private canyons around and is a short stroll from the beach and close to Malibu schools. A well written description from the MLS…. “OCCASIONALLY A “TRULY SPECIAL” PROPERTY IS LISTED FOR SALE.THIS RESTORED CLASSIC MID-CENTURY SINGLE-STORY HOME DESIGNED BY ACCLAIMED ARCHITECT CLIFF MAY WILL TAKE YOUR BREATH AWAY;THE MOST MAGICAL BACKYARD YOU WILL EVER SEE.THE HOME OFFERS CLIFF MAY’S SIGNATURE FLOOR-TO-CEILING WINDOWS THAT SEAMLESSLY EMBRACE INDOOR–OUTDOOR LIVING WHILE EXPERIENCING THE BREATHTAKING & GATED ± ACRE LOT(APX 200 FT X 200 FT) TROPICALLY LANDSCAPED,TOWERING SYCAMORE TREES THAT ARE LIT AT NIGHT W/LED LIGHTS;CREATING A FAIRYTALE ATMOSPHERE(AN EVENING SHOWING IS A MUST).BRAND NEW POOL WITH WATERFALL,SPA & FIRE PIT & LOCATED ON ONE OF MALIBU’S MOST ACCLAIMED STREET OF BONSALL CYN;ACROSS THE STREET FROM ZUMA BEACH & AT THE END OF CUL-DE-SAC ARE HIKING,RUNNING & HORSE TRAILS OF THE SM MOUNTAINS.NEWER MAHOGANY HARDWOOD FLOORS,VIKING APPLIANCE KITCHEN,COPPER PLUMBING & NEWLY BUILT DETACHED OFFICE(NOT ACCOUNTED IN SQFT OF HOUSE).DON’T MISS SEEING THIS PROPERTY;IT WILL BE TALKED ABOUT FOR A LONG TIME.PRICED TO SELL!” Website Here

Malibu real estate

Malibu Real Estate Update. Two new Point Dume listings rock the market!

A new listing at 6957 Whitesands Place on Point Dume  came on the market last night at $13,500,000 with whitewater views and just a stone’s throw from the water’s edge. A few doors down on the edge of the  bluff is a larger estate at $28,000,000. In really rough terms, that $15m dollar difference pencils out to be about $1m for every 10 feet  you get closer to the edge of the bluff. Two very dif. properties but my guess is that they both will be seen by the same buyer. The other one can be seen here at www.pointdumehomesforsale.com

The other big news is about a very significant new listing over on Cliffside for $44,000,000!  From the MLS “THIS ARCHITECTURAL ESTATE IS BEYOND COMPARE AND SURPASSES THE MOST DISCRIMINATING EXPECTATION. SITTING ON A DRAMATIC OCEAN BLUFF, THIS IMPRESSIVE HOME OPENS TO NEVER ENDING VIEWS OF THE PACIFIC OCEAN. THE 11,741 SF PROPERTY IS SUPPORTED BY A COMBINATION OF MASSIVE ARCHITECTURAL ELEMENTS RISING OVER 40 FEET WHICH ARE IN TURN SOFTENED BY LAVISH FOLIAGE WEAVING ITS WAY UP TO A BACKYARD FILLED WITH DELIGHTFUL TRANQUILITY AND IMPRESSIVE VIEWS OF THE MALIBU COAST; THE OUTDOORS FEATURE A 62 FOOT ITALIAN GLASS-TILED POOL AND SEPARATE 18 FOOT SPA WITH AUTOMATIC OZONE CLEANING SYSTEMS. INTERIOR INCLUDES A PROFESSIONAL SCREENING ROOM, TOP-OF-THE-LINE CHEF’S KITCHEN, TRAVERTINE FLOORING, AND SPECTACULAR MASTER SUITE. CEILINGS ARE 14 FEET TALL, AND THROUGHOUT THE HOME THERE ARE FLOOR-TO-CEILING GLASS DOORS, WHICH PROVIDE A BEAUTIFUL AND SEAMLESS TRANSITION BETWEEN THE INTERIOR AND EXTERIOR.”  Call for a showing 310 699 8428 or email me
to request more ineo

Listed with C. Cortazzo CB Malibu

There’s a lot going on out here in the Malibu so here’s a quick run down on the real estate scene.

- It seems as though a bunch of mobile homes hit the market in the last 2 weeks. Prices are dropping too with the added inventory and competition. I think there will be a downward trend in prices on the less desirable units (one without ocean view or close to the highway)

-The condo market has seen a lot of demand with short sales and foreclosures. Numerous condos are selling at HALF of their  high’s from three years ago. When one comes up at a great price 4-5 offers will come in.

- The most difficult segment to sell is homes from about $3.6m to $5.6m. Homes in this price range are just sitting. If it’s on Point Dume with a beach key it has a chance.

-The upper end is active. I closed an $11m  deal in Dec. and high end agents are busy with showings in the $6m and up range.

-Anything that looks like a McMansion is going to be tough to sell. There are several spec homes out here that will sit until the price makes the sq.ft attractive to someone who likes this style.

- Summer rental market seems slow. If you have a beach home for lease, be grateful if you get a one or two month tenant. The phone just isnt ringing like it used to for 3 month rentals.

-There are several high end homes in the $40m plus range that have had large price cuts….like, $10m price reductions in the first round. See below for two that recently got the price chop.

Email Me to get all properties in Malibu on my Bank Owned/ Foreclosure/ Short Sale list. There are 40 right now within the Malibu real estate market. You can run your own reports anytime on the link above called Foreclosures.

Like this article???  For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here. We break news like this all the time so subscribe and be the first in the know.

For seriously straight talk about actually buying or selling a home in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

This business is changing so fast it’s hard to keep up….but we do and will if it benefits buyers and sellers! Here’s what I learned this week. Email is on it’s way out, at least for the younger generation. They are using Facebook instant messaging to talk,  not slow email. The new Facebook Page, used for business,  will be equally or more important than a traditional Website. For certain types of business it will be the only website they use. You can check mine out here.

So here is where I’m heading with technology. We are offering an Ipad Iphone app where you can search for Malibu real estate and homes for sale.

Now I’m about to go one step further and give you this!

Welcome to QR codes. Just take a shot with you Iphone and the search app will get started at the Itunes store. The code to activate it is 9065.

The Wall Street Journal published an interesting article that everyone in Malibu needs to really understand. I’m not going to name anyone but there are numerous  Malibu real estate agents who try to save a few bucks and shoot their own listings with low budget point and shoot cameras or even worse…. their cell phones… and I’m seeing this done on $10,000,000 beach homes! Here’s my advice. Before giving the listing to them ask them who is going to shoot the listing? If they say themselves, ask to see a sample of work for a home that’s the same price as yours. If it’s great stick with them!  Let me take a second here to disclose something too…..I’m not only an agent but a professional photographer too and I find that it’s an indespensible skill with marketing homes. A favorite quote from the article, ” Let’s not mince words: If you are not using professional photography to market your home, you are not really marketing your home”.

When I started to get high-end listings I wanted to make sure I got the best shots, so I learned the trade and can now produce images like these below.

So yeah, I know a bit about this subject and on listing presentations I make it a point to talk about the role that great photography plays in getting Malibu home owners  top dollar for their home.

Here are the facts about high end homes shot with DSLR’s vs. point and shoots. (likely Pro’s VS. Agents)
-Receive an avg. of 61% more views across all price tiers!
-Have a 47% higher asking price and an increased likelyhood of selling
-Homes above $1m sold on avg. for $116k or more!

Ok the Bad news!
- Redfin found that more than half of $1m-plus listings were shot with low-end cameras!

In Malibu a majority of the homes value can be in the ocean view. This isn’s such a hard thing to capture…..if you don’t mind it framed within a dark room.  To have a well lit interior balanced with the blue ocean and blue sky in the windows..that takes skill and time!  So take this advice…don’t let your million dollar view be shot with a $99 camera! You’ll be losing a ton of money!

The green bar represents SLR photography; the red is point and shoot.

Graph from Redfin.com

Like this article???  For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here.

For seriously straight talk about actually buying or selling a home in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

The Malibu real estate auction that took place in the Malibu Colony has finally closed and posted a sales number.  The land side colony home came on the market at $3,750,000 and is now showing a sales price of $5,184,000. The original list price was the opening bid and obviously there was some demand to get it above $5m.

If you are looking for REO’s, bank owned, or incredible deals on Malibu Real Estate, feel free to call Mike Gardner at 310 699 8428. I have a list of 30 Malibu homes and pieces of land ready to be emailed within minutes.

If you consider yourself a “tech” type of person and want an agent that can work with your schedule then I’m your guy. Read some recent reviews on Zillow, especially from the client who just closed an $11m deal with me. Reviews here.

Point Dume real estate again seems to be the topic of many conversations these days. It has been the hot spot of activity within the Malibu Real Estate market this past year with numerous transaction taking place. Just listed minutes ago is a great estate located at 6730 Wildlife Road. I’ve spent some time at the property and it has always reminded me of the luxurious, Mexican Riviera type homes we’ve stayed at in Punta Mita. The Malibu home is offered at $5,950,000 and seconds from the beaches of Point Dume. From the MLS…..”Elegant and exquisite home on Point Dume. This home has beach keys as well as a private path down to Little Dume Beach. This property is gated and completely private surrounded by lush landscape. The home has undergone an extensive and complete remodel. All rooms, including the home theater have walls of glass. Guest house, guest apt, tennis court and pool. This is simply a gorgeous property in an incredible neighborhood. “

Call for a showing 310 699 8428 and make sure to download our new Ipad/ Iphone app for Malibu Real Estate.

listed w/L. Harfouche CB

So last week I tried to give the readers of Malibu Real Estate blog a little heads up on a smashingly great Point Dume Home that was coming on the market. Well, it’s officially listed now! New to the Malibu real estate market is a home in Wildlife Road located on Point Dume. I spent about 2 hours at the property last week and gotta tell you a few of the great things about it.

• It has beach key and a permit issued for a new 6000 plus sq.ft. home
• It is a short walk  both to the shores of Little Dume or to the steps of Point Dume Marine Since Elementary
• The recently remodeled ranch home is charming and ready to be enjoyed
• the 1.25 acre lot feels like 3 acres…there are huge areas a flat land to do whatever you want with
• It is one of the few lots that has access on both Wildlife Road and Fernihll

So here is the low down on the high end…..

Point Dume has been the hottest sections of real estate this past year. I’m not going to mention names, but if you are “in the know”, you’ll be aware of several large celebrity transactions that have taken place over the years on Wildlife. It is arguably one of the best roads on Point Dume to be on and others have paid big numbers to be there.

For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here.
For seriously straight talk about actually buying a home and living in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

Technology is a wonderful thing… Especially when you view it and use it as a device to quickly deliver important information to people that want to hear what you have to say.

Today’s info can be found over at our other blog www.PointDumeHomesForSale.com and I’ll tell you why it is really valuable stuff! A new listing has surfaced on the Malibu real estate market and more importantly on Point Dume. The home is not listed in the MLS and there is no way you’d hear about it unless you knew the right people or read this blog.

For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here.
For seriously straight talk about actually buying a home and living in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

Quick real estate round up for Point Dume. More at www.pointdumehomesforsale.com

I closed a lot on Cliffside last week. Asking price was $12,500,000 and it was in multiples.
An older ranch home on Wildlife came on the market at $2.150m and quickly had two offers on it after numerous showings
An lease option was rumored to have been exercised on a home around $17m.
The listing at 28860 Selfridge got a price chop from $2,995,000 to $2,845,000.
The deal of the decade was the home that sold at 6805 Wildlife. It sold for $2,645,000 and had over 6000 sq.ft.
For more information about Malibu real estate, Point Dume, or how good Savory restaurant is, call my cell 310 699 8428.

The Malibu real estate market has some great deals out there if you know where to look. We have a list of 19 properties for sale in Malibu that are on the bank owned / foreclosure list and it’s yours for the taking! Just drop us an email and we’ll send you the list to check out. There are also numerous short sales out there and we can include that too.  The highest priced bank owned home for sale in Malibu is just under $10,000,000 for a buff-top, ocean front estate that has two parcels and steps to a secluded private beach. The lowest  priced Malibu home for sale is $807,900 for a 2 bedroom pad up in the hills. If you are a serious buyer for Malibu real estate, and even better yet, a  serious CASH buyer, we want to talk to you! Anyone who emails will be placed on our priority list and will be updated the second a home hits the foreclosure status. You have to work closely with an agent on these….trust me, the good ones go fast because an agent took note of it months before it ever became bank owned.
For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here.
For seriously straight talk about actually buying a home and living in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

You are missing out if you haven’t had a chance to check out the Malibu Farmer’s Market on Sundays. I finally had a chance to check it out over the weekend and walked away full from the samples of food all the vendors were willing to give out! We ended up buying some freshly made goat cheese, a loaf of wheat baguette, some Afghan spinach bread, and some tortillas made out of 100% cactus! The best looking thing there was the crepe bar and the BBQ guy. He gave me a sample of some baby back ribs and I’m telling you the truth…..you could eat the bones! Not only was the meat falling off the bones but the bones too were falling off the meat and would disintegrate from the long cooking times! Enjoy the pics and contact us for any Malibu real estate needs.

The Malibu Real Estate Blog is looking for other high ranking real estate blogs or websites to do a link exchange. If you run a blog or real estate website and personally write the content, then email me your real estate site name , domain, and  description. Email Me Here

Malibu Real Estate Market Update!……

The real estate market is alive and well. Inventories are down from last year, the days on market are shortening, and homes are being sold! Condos, Land, and Malibu Homes are all starting to see action. 40 plus properties are listed as pending, back up , or have sold in the last 30  days.  Low priced condos are being purchased with one notable unit coming on the market this week under $300k at the Malibu Gardens. Point Dume is seeing a lot of action with numerous escrows in the works with some very large numbers. I personally have one in escrow where the asking was $12,500,000 for a piece of land and there is a rumored deal going down on another Point Dume home around $13m. Managers at several brokerage are all stating that the agents are much busier than last year and the cash buyers are really out in force! If there ever was a time to buy, it seems like now may be it. Contact me if you’d like a list of properties available for sale in Malibu. Maliburealestate@mac.com

Click here to search for all Point Dume Homes For Sale

There are some serious deals going down within the Malibu Real Estate market right now. Despite the public’s perception that nothing is moving, numerous high end Malibu  homes, beach houses, and ocean side lots listed for sale are either in escrow or have closed in the last 30 days. I think it’s a clear sign that buyer’s are seeing opportunities and are taking advantage of it. Across the board agents I know are reporting that showings on luxury homes are way up and that this is the busiest they’ve been in years.

Here’s a recap of the action  in the last thirty days for Malibu homes above $2m

23808 Malibu Road $24,000,000 in escrow

23816 Malibu Road $15,900,000 SOLD

6051 Philip $14,995,000 in escrow

28126 Pacific Coat Highway $14,500,000 in escrow

28884 Cliffside $12,500,000 pending

3510 Sweetwater Mesa $12,500,000 looking for backup

33330 Pacific Coast Higway $8,595,000 Sold

28936 Grayfox $4,995,000 Looking for backup

28169 Rey De Copas $3,250,000 Sold

I can’t emphasize enough how important it is as an agent to use every means possible to market a property. We got this listing because we excel at finding new ways to expose properties to the world and really think “outside the box” when it comes to online marketing. We had the print areas covered being featured in OceanHome Magazine, LA Business Journal, LA Times, Malibu Times, and in dozens of online websites. What we really wanted was television coverage and we couldn’t have asked for a better segment than this for NBC. Check it out! To find out how we can do a better job marketing your home than anyone else, call Mike Gardner @ 310 699 8428.
www.themalibuvilla.com

I am totally hooked on finding interesting stories for this blog. I also love spinning the PR wheel and finding ways to get media exposure to my listings. A few weeks ago I saw a new Malibu home for sale in the MLS for a home where a Ferrari was being given away. I called the agent up and said “Do you realize the size of media gold mine you are sitting on?”. He had no clue so I asked for permission to run the story on my blog and call my media contacts because I’m not letting this one go to waste. The original story can be found here . So here’s what happend…The story first went out to Wallet Pop. After that it found it’s way on to 30 different auto sites and forums. Then it hit the newspapers…. the big ones. Lastly it went on Fox News. So with a good story and a few calls I was able to bring in about 30,000 page views to the blog, got mentioned on dozens of portals, and got the agent some face time on TV. So I got to ask…..Does your agent go to these lengths for your home? If the answer is no then call me 310 699 8428. I”ll tell you what I’ve done for my listings! here.

Update! reduced to $12,950,000

A new home in Serra Retreat went on the Malibu Real estate market this week for $14,795,000 . The home, best described as a “Modern interpretation of a barn” is sure to find favor with buyers looking for privacy and stylish design. The home is located at the back of Serra Retreat and sits in a bowl surrounded by the hills of the Santa Monica Mountains. It’s private enough that one will feel at ease with nothing on in the master Continue Reading »

The seller of this Malibu home is no longer the seller! Once listed as high at $20,000,000 an Encinal bluff house has now been listed at $14,950,000 with the bank being the seller. The bank owned home may be the most expensive piece of real estate for sale that comes under the “distressed” category in of Malibu. I showed the luxury home to a client  back when the price was closer to $18m and though the home was great with a huge bonus pad located above that has build out potential for another home. The house has expansive decks, large partition doors the lend to an indoor outdoor flow, and is located above a private beach with stair access from the lowest deck.”It feels like you are on vacation at Lake Como, Italy,” one agent commented at a showing. The homes can be seen by calling Mike Gardner @ 310 699 8428.

The Los Angeles Times has mentioned the Malibu Real Estate Blog in the online addition and will be in print this weekend. The article is about how the high-end market has shifted and why sellers need to rethink the way their homes are priced. I look at the positive side of this article in that buyers can pick up some great deals that a few years ago were out of reach.
I was referenced in a section about “chasing the market”. The article says it’s when a seller continually lowers the price of a home until a buyer is found. It is that but more. Chasing the market is when a seller has the price a little to high while the market is falling and when they lower the price it’s always a bit to late. The cycle repeats. Often, offers they said no to, end up being more than  to what they lowered the price to. I have seen this happen numerous times in this market when the tides started to turn. Check out the link here.
For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here.
For seriously straight talk about actually buying a home and living in Malibu, call me on my cell at 310 699 8428.