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One of the really fun things about being a Malibu real estate agent is that I get to go in to hundreds of homes for sale each year and check out people’s interpretation of ”good style.” Most Malibu homes are decorated in a way that looks like they are fresh out of Metropolitan Home Mag, Dwell, or from a Pottery Barn catalog — but every once in a while you run into something out of the ordinary. There is one condo for sale on Point Dume that is so unique I’m tempted to start a new game called the “Guess the number of Buddhas in this house?”
Before you start counting Buddhas, there is one other fantastic thing worth mentioning about this Malibu condo: The unit was once owned by a well-known female lifeguard who has performed dozens of heroic rescues in local waters without any real training.
Before the current owner, she created a one-of-a-kind master bathroom in which the bather could be the evening’s entertainment viewed from anywhere in the master bedroom. This bathroom has a spa tub with a nearby viewing platform (the bed) and Roman cistern that one could pose naked next to pretending to fill the tub with recently fetched well water. Post-bath, one could saunter over to the fully exposed overhead shower with a faux finished rock grotto floor with no walls . . . just a curtain that looks like it was designed to be pulled shut in emergencies — like when kids come walking in. The overall theme seems to be possibly influenced from a trip to Medieval Times with fake castle-style block walls and diamond patterned stenciling.
Back to the Buddha game. The first person that guesses the number closest to the right answer is going to win a custom-printed Malibu photograph.
Email you answer
So if you are in market for a place on Point Dume that was once owned by a famous celebrity, can claim it has a “sexy” master bathroom with naughty bathing grotto, and has more cosmic karma than Sedona at summer solstice, then you may have just found your next home.
All commentary aside (couldn’t resist) here is the low down….. I showed this place a few times and it’s a well priced condo on Point Dume with some very nice upgrades. While the bathroom will likely need a remodel, the floors and finishes in the rest of the house have had a lot of money put in to them. The kitchen has nice cabinets and newer appliances. The distressed wood floors are like the type you see in higher end homes around Malibu. There is even an open bonus space that could easily become a third bedroom. Best of all you get a beach key to Little Dume and rentals in this complex run about $3500 per month if you are looking for an investment property.
Call 1 310 699 8428 for a showing. These units don’t come up to often and are considered by many to be the nicest units available on Point Dume.
This is a smoking deal! A Malibu Park home for sale under $1.2M! This bank owned home has 4 bedrooms and is in a great, family friendly area of Malibu near the high school. This Malibu home for sale is offered at $1,169,500 and I’ll be willing to bet that there will be at least three offers on by the end of next week. If you want to live in Malibu, make your move now, and take a run at this great home.
From the MLS “BANK OWNED REO! FANTASTIC HOME JUST MINUTES FROM ZUMA BEACH. PROPERTY WAS RECENTLY REMODELED AND SHOWS AS A 4 BEDROOM 2 3/4 BATHROOM ESTATE. THIS PROPERTY HAS VAULTED CEILING ENTRY, HARDWOOD FLOORING, REMODELED KITCHEN, NICE GATED YARD, STORAGE SHEDS, SPORTS COURT AND SO MUCH MORE. PLEASE CALL FOR MORE DETAILS. FANTASTIC LOCATION!”
CALL FOR A SHOWING BUT DONT WAIT. MALIBU REAL ESTATE AGENT MIKE GARDNER 1-310-699-8428
Courtesy of Jordan Cohen Re/Max Olson & Associates,Inc.
Investments properties on Malibu Road are very rare and this multi unit Malibu beach home is starting to look like a great deal at $4,800,000. This building has a total of 4 units with 9 bedrooms and with one of the units being a 1 bd owners unit. Current income on 3 of the rental units are about $17k but could be pushed up to $20k easily. Run the numbers and make an offer. These building seldom come up for sale on Malibu Road. From the MLS..
LOWEST PRICED WATER FRONT PROPERTY ON MALIBU ROAD. APPROX 5,500 SF PROPERTY ON 50 FT LOT. TERRIFIC SECTION OF MALIBU RD WITH GREAT BEACH AND INCREDIBLE OCEAN VIEWS. THIS MALIBU BEACH HOME FOR SALE HAS 3 UNITS PLUS AN OWNERS UNIT. ALL UNITS ARE COMPLETELY RENOVATED AND FURNISHED AND ALL HAVE LAUNDRY. THERE IS A 3 BR 2 BA UNIT PLUS OFFICE, TWO 2 BR 2 BA UNITS AND ANOTHER 2 BR 1 BA UNIT. THE 3 MAIN UNITS ARE ALL OCEAN SIDE WITH PRIVATE DECKS. LOTS OF PARKING AS WELL! VERY UNIQUE OFFERING AND PERFECT FOR A POSSIBLE SINGLE FAMILY CONVERSION OR FOR AN OWNER TO LIVE IN 1 OF THE UNITS AND MAKE A GREAT INCOME ON THE OTHER UNITS. PROPERTY ALSO LISTED IN THE MLS UNDER “INCOME PROPERTY”. BEST WATER FRONT VALUE IN MALIBU!!
A few weeks ago I filmed a segment for Good Morning America and it finally aired today! The focus of the story was about agents hosting over-the-top open house parties to attract other agents and clients to a home. I have a few comments about this whole experience that I’d like to share with my blog’s readers.
In one aspect, selling real estate is a marketing game where the agent’s job is to expose the home to the world using any means possible. Some agents think they only need to put up a sign and throw some money at a magazine or newspaper for some ads. I come from a different school of thought. One that mixes a little P.T. Barnum from the promotion and publicity stand point, and a little Seth Godin and Gary Vaynerchuk in the marketing department. Mix in an excellent understanding of SEO and online marketing and the entire world is now my target demographic.
So when I got this listing, I started thinking about first how I must reach the agents. I wanted every agent in town to know about the listing. The idea of giving away Botox popped into my head and at first I thought for sure I’d offend the homeowner or the Beverly Hills agents. I remember calling my client on the phone and saying, ” I’ve got an idea I want to bounce off of you.” She’s a smart lady and immediately was game for it in a “hell, yes!” kinda way. Then I asked a few agents who, let’s just say, likely know how many units it takes to look 10 years younger than they are. They too responded with a “just let me know when and where” and with a whisper confided in me that they were due for a treatment and hoped to win. We did a bunch of other stuff shown in the video below which I hope you watch after reading this.
Let me cut to the chase on the event. We had nearly 70-plus agents show up to a home located up a hill that is hard to get agents to come to. The LA Times, AOl.com, The Sun UK, and about 20 other media outlets, newspapers, and blogs all picked up on the story. Many of them provided links to the property website which gave us a huge spike in traffic from around the world. Then GMA called to do the segment and two production companies called me in for interviews.
Agents were talking about it for weeks and when I recently spoke at a conference in San Diego about half in attendance had heard about the open house. Yes there was a lot of publicity to me, the agent, but there was also a huge buzz about the house the came with the package. 70 agents was double the number I was considering a success for the open house and I can only imagine the conversation that morning agents had when deciding on which houses they were going to see on caravan.
If you have a home for sale and want an agent who really loves just thinking of ways to promote and market a home, give me a call. I need a new listing to try my next big idea on. Interview me for your home’s listing and I promise to give you at least 20 things I can do better than any other agent.
-Malibu Real Estate Agent Mike Gardner 310 699 8428
Being a Malibu real estate agent is a lot like being a stock broker. Everyday there are bits of activity that affect every other home for sale within the market and it’s my job to monitor and analyze it’s affects. A foreclosure in a condo complex can cause an over night crash in values. The short sale of estate can lop $1m bucks off the value of the neighbors listing and cause them to withdraw the listing. Sometimes it goes the other way too with a beach home getting snapped up for millions more than expected. Then everyone thinks their homes jumped a million overnight and chances are you’ll see a few new listings in the immediate vacinity. I often even refer to homes “trading” in a certain price range rather than being “sold”. When someone asks about homes for sale on Malibu Road, I’ll say, “yeah, those have been trading at about $6-7mm for a small, but clean place”.
Now when I see a home heading to half of what it once was asking, again, like a stock broker, I’m looking at it like it might be a great opportunity to buy in low. Here is one such home that fits the bill that was originally listed for $7.5mm and now is asking $4.85mm
Call 310-699-8428 for showings
From the MLS…”THE PERFECT SOPHISTICATED MALIBU BEACH HOUSE DONE IN THE BEST OF TASTE. LOCATED ON MALIBU COLONY BEACH THIS TRI-LEVEL HOME HAS IT ALL. FIRST FLOOR HAS A DECK, GOURMET KITCHEN, FULL BATHROOM, FIREPLACE. SECOND FLOOR HAS A BEAUTIFUL MASTER BEDROOM SUITE WITH FIREPLACE, DECK, BEAUTIFUL SHOWER, AND A LARGE WALK IN CLOSET, A DEN AREA, ANOTHER LOVELY BEDROOM AND A FULL BATHROOM, THIRD FLOOR HAS AN ART STUDIO/OFFICE/BDRM – AN AMAZING ROOF TOP DECK WITH VIEWS OF THE COASTLINE, SURF, AND DOLPHINS. HOUSE CAN NEVER BE DUPLICATED. A LARGE CLIMATE CONTROLLED STORAGE ROOM. THERE IS A/C THROUGHOUT. THE BEST AT THE BEACH!”
A Point Dume home just hit the Malibu real estate market at the unbelievably low price of $1.3m and get this….it has good ocean views and a beach key! Say what? Yeah, you heard me, it’s got the goods. So here is the low down. The house is seriously outdated. It’s got that funky 70′s vibe and you wouldn’t even question me if I jokingly told you it was once used to film the show CHiPs. Officer Francis Ponch Poncherello would like this place. One more thing to mention….it’s on a flag lot sandwiched between several homes and there isn’t a whole lot of yard.
Here’s the good part. It’s a short sale. Someone is going to score a great deal. That is one hell of a low price and I’m not sure there will ever be another home on the Point Dume in the low $1m’s that has a beach key and a view. The home is currently rented at apprx. $4500 per month and in the past it has been as high as $5800. The home is an ideal investment property especially with a tenant who’s lease runs in to the middle of next year. There is also some new carpet, new paint, and a repaired deck. The bones are good and the whole thing could probably be remodeled in to some sort modern structure.
Call for a showing…..this one will go fast! 310 699 8428
How bad can the real estate market be when a Malibu mobile home located in Paradise Cove just sold for a $2,000,000 cash? The home came on the market a few months ago at $2.5m with many people debating whether or not the price was justified. The home, which really has nothing mobile about it, (think more pre-fab) sits on a bluff over looking the Pacific and shares the same views that homes listed for $15m-$55m share just a few hundred yards away. There a several other units available for sale ranging in price from $500k to $1.5m. Call me at 310 699 8428 for more information about why this is one of the most fun places to live or have a weekend beach home in Malibu.
From the MLS “THE ULTIMATE OCEAN VIEW BLUFF LOCATION IN PARADISE COVE. INSANE COASTLINE, WHITEWATER OCEAN, AND MOUNTAIN VIEWS. IT ALSO PROVIDES TOTAL PRIVACY FROM THIS NEWER 2BDRM, 2BTH HOME. OVER 2,300 SQFT. OF OPEN LIVING SPACE, PLUS 2 CAR GARAGE AND PARKING FOR 3 MORE. HUGE LANDSCAPED LOT, PLENTY OF OUTSIDE GARDEN AREAS, AND PRIVATE OCEAN VIEW DECKS. ENJOY THE SUMMER IN PARADISE. GOLF CART DOWN THE TRAIL TO KAYAK, DIVE, SURF OR JUST RELAX ON OUR PRIVATE SANDY BEACH.”
With the recent financial turmoil in the markets I’m not even sure you can call it “Billionaire’s Beach” anymore. It’s back to Millionaire’s Beach this week. With all the news it’s even more fitting that one of the most expensive sections of Malibu real estate in the world just now has a beach house being sold at public auction. What!? Did he just say auction on Carbon Beach. Yes, and it was once listed for $65m and has an opening bid of $22m!
Let’s start with a little bit of history about what makes Carbon Beach so valuable. A few years back when the market was exploding, neighbors were buying each other out creating double and triple lots with frontages up to 200 feet. The seller would be enticed with a large enough sum that they could just go buy a house on Malibu Road or Broad Beach and still have a few million left over. That gave rise to the super estates where Hollywood moguls and tech tycoons set up camp. The beach is also especially desirable because of its dry sand, the fact that it’s much closer to town, and that it has a good anchorage for Russian mega yachts and you-know-who’s pretty “little” sailboat.
Now let’s talk about this Malibu home for sale being sold at auction. It was once on the market for $65m bucks when it was kind of ok to ask for crazy numbers because you just never knew who might show up and buy it. That was a long time ago!
The low down….Nice house officially on Carbon Beach but not in the best location. It’s located on the east end by the trafficlight where the beach hits a point that is not passable at high tide and tends to have less dry sand than the rest of Carbon. However being on this point does give it a unique vantage point looking down towards Santa Monica Bay.The home is a traditional Cape Cod and about as nice as you’re going to see anywhere in Malibu. It has all the bells and whistles you’d expect from a home at this price. At roughly $2000 a sq.ft. it is well priced compared to some of the larger transactions that have taken place on Carbon. Two recent transactions on Malibu Road went out at $2500 sq.ft. and $2000 sq.ft for homes on much smaller lots.
Call for more details or any questions about Malibu real estate 310 699 8428
From the MLS…..
“THE GRANDEST OF THE GRAND …AN ABSOLUTE BEAUTY ON MALIBU’S BILLIONAIRE BEACH, HOME TO WORLD FAMOUS CELEBRITIES AND MOGULS . NEWLY CONST. (2005) ON ABOUT .54 ACRES (APPX 150 FT OF SANDY CARBON BEACH FRONTAGE), THIS SUNNY, VOLUMINOUS ESTATE SITS W/IN THE FIRST 3 MI OF MALIBU’S 27 MI LONG STRETCH OF CALIF COAST – A SHORT DISTANCE FROM W. LA, LAX AND BEVERLY HILLS. STUNNING AND ARTFULLY CRAFTED IN EVERY WAY, THE EXTRAORDINARY DETAILS INCLUDE : 75FT TWO LANE LAP POOL AND SPA (MALIBU’S LARGEST EVER PERMITTED), GREEN GRASSY SIDE YARD , 90 FT* OCEANFRONT GREAT ROOM AND 40 FT* OCEANFRONT KITCHEN/FAMILY ROOM (BOTH OPEN TO THE 4500SF* OCEANFRONT DECK W/ OUTDOOR KITCHEN). THE APPROX 10,500SF OF LIVING SPACE INCLUDES 4 FIREPLACES, EXQUISITE LIBRARY W/ HUGE AQUARIUM, OCEANFRONT GYM AND OFFICE, A PROFESSIONAL’S THEATER, 5 BEDROOMS EN SUITE PLUS THE ENORMOUS OCEANFRONT MASTER STE. WITH DUAL BATHS & 2 HUGE DRESSING ROOMS. LIST PRICE IS OPENING BID”
Marisol Malibu’s Showcase House Wins Three Grand “Gold Nugget” Awards, Including House of the Year at the 48th Annual Pacific Coast Builders Conference & Exposition.
The Judges Statement on the Marisols Malibu Beach House: “Incorporating years of study of coastal botanical habitat, the developer sought to place these homes into an indigenous botanical garden. Respecting landforms while creating strong architectural spaces that blur the lines between inside and outside make this a perfect home for the gentle Southern California climate. The judges were impressed with the strong artful interior architecture and creation of elegant casual lifestyle. The homes were designed with multigenerational private suites to allow for the return of friends and family. The homes attained a “Build It Green” certification by utilizing recycled materials and large shade overhangs.”
I’ve been up the showcase home numerous times and can only say that a visit to the site will completely redefine your definition of luxury craftsmanship. Every inch of the home has been thoughtfully designed for experiencing what living at the beach is all about. Just take my word on this and go visit the property then go have lunch have Neptune’s Net. Call for a showing. 310 699 8428 for a look at Malibu real estate‘s newest additions.
On Monday mornings we have an office meeting where about 40 agents gather to talk about the market. We also take a poll where agents submit what they think the best buy is within the Malibu real estate market. Today almost every agent nodded in agreement when the house on Harbor Vista was discussed. It’s on my radar as a best buy and it should be on yours too if you want a great Malibu home under $2.3m.
From the MLS “LOCATED BEHIND A PRIVATE GATE AT THE END OF A QUITE CUL-DE-SAC WITH SPECTACULAR OCEAN, CITY LIGHT AND MOUNTAIN VIEWS. THIS RECENTLY RE-MODELED HOME OFFERS A WONDERFUL OPPORTUNITY FOR THE BUYER MOVING TO MALIBU WHO ENJOYS ENTERTAINING AND WANTS THE OPTION OF WORKING FROM HOME. THE FLEXIBLE FLOOR PLAN PROVIDES SPECTACULAR VIEWS FROM THE LIVING ROOM, MASTER BEDROOM, FAMILY ROOM, DINING AREA, KITCHEN AND OFFICE.”
What other city in the world has four private firework barges within a few short miles of each other?……only Malibu! Here’s the quick low down……
Traffic will be horrible so find yourself a party and stay put! If you can’t find a party, book a reservation at a local restaurant like Geoffrey’s or at the pier.
Barges will be at the following addresses…
- Launched from a private barge off the coast, at Malibu Colony, 9 p.m.
- Launched from a private barge off the coast, at the 21500 black of Pacific Coast Highway, 9 p.m.
- Launched from a private barge off the coast, at the 22300 block of Pacific Coast Highway, 9 p.m.
- Launched from a private barge off the coast, at the 27900 block of Pacific Coast Highway, 9 p.m
Huge price reduction on this Broad Beach home for sale. Now $6,999,000.
A rare opportunity to own an original Malibu treasure — a mid-century beach bungalow is currently being offered for sale on exclusive Broadbeach Road.
The home, built in 1955, sits on approximately 40 feet of prime beach frontage and has the added advantage of being located on a very deep, sandy lot. There are two bedrooms upstairs and a bonus room downstairs. This charming beach cottage is the kind of place to use and enjoy while you wait unit you’ve figured out what you’re going to build next. I’ve visited the home several times and one of its most special features is that everything on the inside is original. The place appears to be stuck in time with its timeless furnishings and art from the early 60′s. The period-correct kitchen includes an indoor barbecue grill on the side of the living room fireplace. Imagine grilling a steak over smoldering charcoal in your kitchen….a Dean Martin-style martini in one hand, tongs in the other. There are some of those sad clown oil paintings that many of our grandparents had hanging on the wall, and there’s the big sliding glass door, the one your parents always told you not to slam with the mesmerizing locking mechanism. Outside is a modest garden comprised of various succulents accented with a few agaves next to a well tended bed of ice plant. There’s also a perfectly aged wooden beach path leading to the ocean only steps from the home. You can tell that a lot of memories were created here. The home abounds with charm and is one of the last remaining of Malibu’s classic beach bungalows, and for sale at $6.99m.
Listed by Mike Gardner, and Tony Mark of Prudential Malibu Realty
Click the image below to see the website and more photos or QR code here
What you need to know about Malibu bank owned homes for sale.
There are bank owned homes and short sales. They can also be called REO’s and foreclosures. One is a pain and one can be really easy and you have a good chance of closing the deal if you have cash. Bank owned homes and condos can close in a week or less. The bank is ready to get it of it’s books. With the last several deals I’ve wrote on bank owned homes, the bank told the listing agent to only send the highest cash deal. One condo last month had 5 offers 4 of which were cash. If the deal appears to be good to you, there are 10 others that think the same way.
Short sales are a different animal. The banks may not get back to you for months and you are stuck in limbo watching other deals go by. If you have nerves of steel and patience like the Dali Lama, then go for that short sale. If you want answers and have cash, go for the bank owned deal.
One last point! You need to work with an agent that makes sure you get the info fast. I just wrote an offer on a bank owned condo and it was my client who got the first offer in. We got there first because I relentlessly called the agent every day for a week and it was on my radar well before everyone else. Also, you need to be set up on an auto notify system that gives you morning emails about market activity. You can also check out or tab up top for foreclosures.
You can email me write now requesting the list of everything on my Malibu Bank owned list.
Just ran a quick check and there are 30 properties on the short sale bank owned real estate list. The properties range from a $89,000 piece of land described here “REO. Watch the ships! This ocean and canyon unobstructed views will take your breath away! Land value – a recently built house was probably destroyed by fire. Old foundation and meters are ready for your new home to be build quickly! An estate property is being build across the street. Buyer to investigate all aspects of the property.” to a $6.9 chunk of dirt up on Kanan that is “A remarkable offering of 455 acres in a prime location – just minutes from the 101 and Malibu’s beaches. Located in the heart of Malibu Valley wine region, this acreage consists of seven lots and is out of the Coastal Commission’s jurisdiction. In addition, two of the seven parcels (totalling 51 acres) are zoned RR5 (Recreation Resort) which allows for non-residential uses. With a creek, mountain vistas, beautiful mature trees, roads, meadows, mixed zoning, subdivision possibilities”
The hottest deals right now are the condos. Prices are low enough that quickly converting the unit in to a Pepperdine rental should makes sense.
Brand New to the MLS this morning is a mobile home in Paradise Cove with an asking price of $2,550,000! Sound outrageous? Just a few years ago, someone paid $2,450,000 for a spot down the street with views not quite as good as this new listing. What is unique about this particular offering is that thismobile home sits on what many would argue is the best lot Paradise Cove. The home is situated on a section of bluff that overlooks the Pacific Ocean with viewstowards Santa Monica Bay which takes in an amazing view of a beautiful, long stretch of sandy beach withwaves crashing on the shore. A few hundred yards down the beach are a few more listings for sale with the same views…..but those will cost a little bit more….one at $45m and one at $55 million!!!!!!
Here’s my take: Let’s say you have $2.5m to spend in Malibu. For that price, you can get a pretty nice place in Malibu Park, but chances are that won’t even include an ocean view. More likely, it would buy you a small 4-bedroom ranch house that has been remodeled with about 3500 sq.ft. But if you want the ”Malibu Beach lifestyle”, and can’t afford the going rate of $6m for a place on Malibu Road, then this is probably your best bet. You’ll be enjoying the sight of morning sunrises over the Palos Verdes Peninsula and walking on the same private beach that many of the world’s most privileged people enjoy.
The home has 2 bedrooms and 2 baths with about 2300 sq.ft. of space. On top of the purchase price, you’ll need to pony up over $2000 per month for space rent. I guess that’s the going rate for the view and the security of never having to worry about a tornado flattening your home!
From the MLS “ THE ULTIMATE OCEAN VIEW BLUFF LOCATION IN PARADISE COVE. INSANE COASTLINE, WHITEWATER OCEAN, AND MOUNTAIN VIEWS. IT ALSO PROVIDES TOTAL PRIVACY FROM THIS NEWER 2BDRM, 2BTH HOME. OVER 2,300 SQFT. OF OPEN LIVING SPACE, PLUS 2 CAR GARAGE AND PARKING FOR 3 MORE. HUGE LANDSCAPED LOT, PLENTY OF OUTSIDE GARDEN AREAS, AND PRIVATE OCEAN VIEW DECKS.”
Only in Malibu….Yep…….. $390,000 for the right to park a mobile home at Paradise Cove. A new listing hit the MLS this morning stating that for $390k you can buy the rights to park a 1385 sq.ft mobile home in what may be the worlds most expensive trailer park. Once you pull your D-Lux “double or triple wide” home on wheels you’ll still have to pay space rent which can run $1500-$2500 per month. Good news is that the listing states that the owner may carry paper until you buy your manufactured home on wheels. Just to put things in perspective, there have been several sales in the $1.5m t0 $2m price range in the cove over the last several years. I think I need to pitch an MTV show called “Cribs on Wheels” or “Mobile Cribs”.
From the MLS “Vacant space in the upper section of Paradise Cove w/ Park approved plans for a manufactured 3BDR 2BA 1385 SQ. FT. home. Owner will carry a first until the new home is brought in and occupied. Located on a quiet street near the park and beach trail. Great opportunity to get into the Cove at a great price!”
My take? A pretty fair price considering that most of the time you need to buy someone else’s junky old mobile home, have it torn down or dismantled, then pull in your new place. At least with this deal, a lot of the headache factor has been already taken care of. Just pick out a home online, click “buy it now”, have it delivered, then buy a golf cart with surf racks and call it a day.
I see this all the time….A major Malibu estate goes on the market at a high price and the neighbor a few doors down says “Hey! If he can get that, I should get this!” and will list their home for sale. It’s not a bad idea either if one house looks like a great deal and the other is priced a lot higher.
That’s my guess with what happened with the two major bluff estates above Paradise Cove competing for buyers right now. The first property at 28060 PCH came on the Malibu real estate market a few month ago at $55m then took a $10m price chop (just imagine that conversation between the listing agent and owner). Just a few days ago the property at 27740 PCH, just a few lots down, came on the market at $42.5m. Both are on similar lots and have homes between 11,000 and 12,000 sq.ft. They are both trophy properties by Malibu standards and sit on some of the most expensive real estate on the planet.
You can bet buyers in that price range are going to be looking at both properties for sale. Both homes are distinctively different in styles so it will be interesting to see which one sells first. Which one do you think will sell faster, the Spanish estate at 28060 or the traditional home at 27740? Check out the photo tours and decide! Comments about the price?
Like to see either home for sale? Call 310 699 8428 for a showing but be prepared to prove you can actually afford the properties! Unless you are crazy famous, it’s going to take more than “Just Google me” to get in!
My wife called me today from Whole Foods in Santa Monica sounding like she had died and gone to food heaven. “They’ve got this dessert bar where you can even get the smallest slice of apple tart you want – they’ll weigh any portion, even tiny ones, and the girl told me that they are going to be opening up a store in Malibu!” I’ve heard this flying around now for about 12 months so I put a call in to corporate to see if I could get some intel and the low down. My guess is that this is going to happen and they’ll lead the pack compared to the other stores in Malibu selling organic, virgin, glacial ice water, blessed by the Dali Lama himself tofu for $25 a pound. If that La Paz shopping center ever gets built, that’s my guess as to where it will end up being located.
Next on the rumor mill is Chipotle. Several people around town are saying that they are taking over the Mail Boxes Etc. spot next door to Ralphs market in the Civic Center. This would be a good spot for it seeing that the Subway and Malibu Yogurt store a few doors down are swamped with Pepperdine Students at all hours of the day. I think the manager at Subway once said they do 500-800 subs a day there. I bet they do around $200k a month so I can see why Chipotle wants a piece of the action. Fast, tasty, affordable Mexican food may prove to be some real competition like La Salsa down the road.
Hey locals…what have you heard?
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I just got back from showing what I believe to be one of the best ocean view condo deals I’ve seen in the last 5 years! A third row, 2 bedroom end unit (only one shared wall) came on the bank owned/REO market yesterday for $378,000. Here’s the low down on this Malibu condo for sale…Two other units are listed on the third row and both are listed over $570,000. Those units don’t even have close to the ocean view that this bank owned one has. Not only does the bottom floor have a good ocean view, but the master bedroom has an ocean view that goes from Palos Verdes to the Point Dume headlands and you can see most of Catalina. This unit is turn key ready too. The carpets were clean, the walls were white, there were no funky smells, and the kitchen was recently remodeled. I did a quick look in the garage and it appears that the garage door is new and so is the water heater. Even the washer and dryer is still there! The bank will be looking at offers in 3 more days so you still have time to look at it.
One last thing…the pictures do not do this place justice…..it’s much nicer than the pictures in the mls.
Call for a showing anytime 310 699 8428
Deal alert! New to the market just a few hours ago…..4 bedroom condo for sale in Malibu for $370,000! Here’s the low down….Bank owned unit located in the Malibu Villas near Paradise Cove. Appliances were stripped out and it needs some fixin, BUT it’s a nice unit with ocean views and a short stroll to the beach. It’s on the first row which means you’ll get some PCH noise, but rent the place out to a bunch of Pepperdine kids who probably won’t even hear it, sit back and collect rent checks! This is the least expensive 4 bedroom condo for sale in all of Malibu.
8:38pm update. Offers are starting to come in but there is still time, this weekend to write. The kitchen has nice cabinets, a nice stainless sink, and really nice countertops. The master bath has a spa tub and radiant heat floors. There are two 80 gallon new water heaters in the garage.The bad…..all appliances gone, toilet is missing, faucets are gone, and even a few light fixtures are gone. There are some cracks and things in the walls too. Still, it would be a great rental for college kids. My guess is that it going to take 10k-30k to get the place livable again.
Call for a showing. I can show it any time and I’ve already got two scheduled for today. 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.
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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.
listed with D. Carroll Prudential Malibu
Vanity Fair ran a really nice article about the mobile homes in Paradise Cove, Malibu in the recent issue. Both David Carter and the trailer park got some great press. Here are some links that should help you.
The article can be found here at our FaceBook page
Sit down and get ready for this……$2,275,000 for a D-luxe mobile home in the Point Dume Club! No, I didn’t accidentally include an extra zero. That’s the going rate for the most expensive mobile home listing in Malibu and possibly the world. So what are you getting you ask? You get a huge ocean view and are seconds from the shores of Zuma beach. The place is more like a home than something with an axle but you still need to register it each year with the DMV. Can’t roll like that? There are some single wides for under $350,000 but they look more like sardine cans that homes. But still better to be a sardine in Malibu than a big fish in Elko, NV. Showings call 310 699 8428
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.
Created Wednesday 11:03AM 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.
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.
One of the most active portions of the Malibu real estate market has been on Point Dume. More transactions have taken place on Point Dume in the last 6 months than any other area in Malibu and it looks like another home may be getting sold soon. 6930 Dume Drive now has an offer it and the MLS status has changed to “looking for back ups”. The last asking price was listed at $4,500,000 and I’m guessing a close price of $4,275,000. If you are interested in searching for Malibu real estate click the link. If you’d like to search for Point Dume Homes For Sale click here.
One of the areas highest price listings got a price chop with $15m being lobed off the original $65m asking price. The grand wine estate hit the real estate market a few months back and was among the top five most expensive listings for sale in the Los Angeles area. The homes sits on one of the highest promontories in the Santa Monica mountain range and has jet liner views including a fair amount of blue ocean over Malibu. $49,000,000 now gets you your own “king of the mountain” estate with a vineyard that is ready to bottle a good amount of wine.
From the MLS “HUGE PRICE REDUCTION! Exceptional Rocky Oaks Estate consisting of 37 acres w/spectacular 360 degree views of the ocean & vistas of city lights & park-lands. Featuring an award winning vineyard, newly completed magnificent Tuscan home w/additional pads for GH, guard house & possible helipad, this estate encompasses acres of terraced vineyards & lush hillsides filled w/orchards. Designed by esteemed architect Bob Easton, this 9,000 SF grand home offers state-of-the-art amenities inc. infinity pool & outside loggia. A VERY SPECIAL PROPERTY!”
listed with Sally Forster Jones CB
For Questions about Malibu real estate, leases, vacation rentals, and where to eat, call Michael Gardner Prudential Malibu Realty Cell: 1 310 699 8428.
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