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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!
Here are the top three most expensive Malibu homes / mansions for sale.
Coming in at number one is a Malibu home that may be one of the most beautiful homes in the world for sale. This grand estate has been in numerous movies and TV shows and get ready, is asking $75,000,000! Known as La Villa Contenta, this Malibu home sits on 8 acres, has 13 bedrooms, and incredible ocean views above Latigo Point. The home can be purchased for $34,500,000 with apprx 1.5 acres.
Coming in at number two this Malibu home for sale is located in the Paradise Cove Bluffs area and is asking $45,000,000. This home sits on over 6 acres of waht many consider to be the best beach in all of Malibu. The home is almost 12,000 sq ft and is reminiscent of the great estates of Montecito in Santa Barbara.
The third and final most expensive home for sale in Malibu is located on the Encinal Bluffs west of Broad Beach. 32604 Pacific Coast Highway is a recently built ocean front estate on 3 acres. There are 9 bedrooms and 12 baths within this beach front villa and has a garage to park a fleet of bullet proof cars. This Malibu Home for sale can be had for $39,950,000.
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For seriously straight talk about buying or selling a home in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.
A Malibu home featured on an episode of HBO’s True Blood and in the movie Funny People is listed for sale at $75,000,000. The home, known as La Villa Contenta, is considered to be one of the finest homes ever built in Malibu and sits on several acres of prime bluff top land above Latigo Point and features panoramic views of the bay at Paradise Cove. This section of Malibu, between Point Dume and Latigo, now has the highest concentration of homes for sale above $15,000,000. There are also two other homes for sale along this section of beach. One for $55,000,000 and the other a practical steal at $20,000,000!
Here’s the low down on the high end…..Yes, that’s a huge number, but it comes with several lots and you can buy the house on its own for $34,000,000. There is nothing like it in Malibu. Sure, we have large properties for sale and some are asking $50m plus, but none come close to being this well done. The home and land have more in common with the villas and mansions you see in Montecito or at Lake Como than what you would expect to see in Malibu. Would I list it at that price? Sure. This is the type of home that someone with unlimited financial resources may walk in and say ”I want it!” It’s happened several times on Carbon Beach where one such home just closed above $30m. Want to see it? You’ll need to be seriously pre-qualified! Sheiks, Royalty, Oil Tycoons, and the guys from Google and Facebook can call for more info. 310 699 8428.
What’s your opinion? Over priced hype? OR Amazing at any price?
From the MLS “LA VILLA CONTENTA. ONE OF THE WORLD’S PREMIER PROPERTIES AND NEVER BEFORE LISTED FOR SALE. THIS ULTIMATE COMPOUND IS LOCATED ON APPROX 8 ACRES OF THE MOST PRIME BLUFF TOP THAT MALIBU HAS TO OFFER. PROPERTY INCLUDES A GUEST HOUSE, POOL HOUSE AND OFFICE SPACE WHICH CAN BE USED AS A 6 BEDROOM SECOND HOME. GATED, WITH INCREDIBLE PRIVACY, AMAZING ENTERTAINING AREAS, INFINITY POOL, GRAND THEATER, PONDS, TENNIS COURT. THIS PROPERTY ALSO INCLUDES APN’S 4460-023-009; 4460-023-007; 4460-023-008″
Seeing that there were over 1000 page views on the blog today I’m going to break a story that I was trying to hold off on. I’ve got a new listing in Malibu, maybe, one of the nicest homes ever to be offered on the market. I’m working on the website now but will show a pic below. Here’s the news…The listing was given to myself and David Findley of Partners Trust because we absolutely understand, no, live, breathe, eat, and preach the real estate marketing revolution that is taking place online. We have 20-30 “new school” ideas, web marketing methods, and social media tools that separate us from the Realtorsaurus types mentioned here. One tool is Twitter. Not going to reveal too much here but if you want to watch what we will be doing, I’m going to invite you right now to follow the listing @villacascata. Watch, learn, and understand how Twitter is more than just a few words about what kind of coffee you are drinking.
If you are in the market for a very large Malibu home and require panoramic ocean views, room for entertaining large number of guests, privacy, and a “king of the hill” location, then Villa Cascata may be your next home. Located a few minutes off PCH up Latigo sits this incredible 14,000 sq.ft. masterpiece of Italian style architecture complete with horse facilities, tennis court, guest house, and formal gardens. The home is listed at $13,950,000 and when compared to other homes of equal size, appears to be a very good value. After a quick search on the mls, there are no other homes with the same amount of living space, acreage, or views that come close to this price range. Also noteworthy is that it is the personal home of designer Audrey Ruth who has finished the home with incredible details.
The property sits on 19 acres with additional contiguous properties available for sale…28 acres to the east and 88 acres to the West which includes Escondido Falls. For those who forgot their Spanish lessons, Cascata is “Waterfall” in Spanish. So why live in Beverly Hills without an ocean view when you could live in Malibu with your own private waterfall and enough land to plant a vineyard? Cascata Winery anyone?Call for a showing 310 699 8428. See the slide show of this Malibu home here.
From the MLS.
VILLA CASCATA IS YOUR NEW HOME. THIS AMENITY RICH PROPERTY HAS IT ALL. HORSE FACILITIES, SPECTACULAR POOL ENTERTAINING AREA W/ KITCHEN AND FIREPLACE, TRAILS, LAWNS, FORMAL GARDEN, KOI POND AND A LARGE GUEST HOUSE FOR YOUR OUT OF TOWN GUESTS. THIS NEWLY COMPLETED MASTERPIECE FEATURES INTERIORS BY NOTED DESIGNER AUDREY RUTH AND IS SITED TO COMMAND VIEWS FROM PT. MUGU TO DOWNTOWN LA. ADJOINING 103 ACRES ALSO AVAILABLE.
Listed with Mike Gardner and David Findley 310 699 8428
I saw a few things this week that made me pick up the phone and call clients telling them about some great opportunities within the Malibu real estate market. Yesterday on caravan, I was wowed by a home for sale located on Ramirez Mesa. This is a gated development of roughly 20 homes that sits above Paradise Cove and has great ocean views. The home for sale is almost 6000 sq.ft., nicely remodeled in a Tuscan/Mediterranean style, had 5 bedrooms ,a pool, and a three car garage. The home had views of all on Santa Monica Bay and has room for a vineyard. It’s current asking price is $3,950,000, which in my view makes it one of the largest, and nicest, homes available under $4m. I even think there is some room on the price! Call 310 699 8428 for an appointment to view it.
Listed with Chris Cortazzo
The other great deals in general are showing up in the condo market. I think we may see some condos closing at $350k or less in the next few months. There is one listed at the Malibu Gardens for $389,000! At that price it makes a great rental for Pepperdine students or just a weekend crash pad to enjoy the beach.
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“Incredible,” “One-of-a-Kind,” “I feel like I’m in another country”… These were just a few of the statements heard at the broker’s open house in Malibu on Thursday. The Spanish-style villa, designed by Malibu’s own Michael Lee, sits above a dramatic coastal section of shoreline near El Matador Beach. Formally know as the Buddy Hacket home, Lee transformed the 60’s contemporary structure into a home that looked as though it came from the Basque coastline circa 1700’s! There is a seaside, stone amphitheater complete with stage thats sits above a shallow pool, a design from ancient Rome where scenes of naval warfare could be reenacted. There are modern elements, like the high-end freestanding tubs, set amongst reclaimed vintage wood and a minimalist kitchen with pantry separated by a salvaged barn-style sliding door. The exterior has large stone decks with whitewashed stone planters holding mature olive trees. You’ll even find hand hewn rock troughs with herbs, decorative terracotta vessels, and a small bathing terrace closer to the waves. If you are in the market for an exceptional home and can be qualify for the $19,000,000 price tag , contact me for a private showing. There is no other home in Malibu that will give you the feeling of being on vacation in another country!
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Another record asking price home has hit the Malibu market this week on Point Dume. The original condition, super-sized ranch house compound sits on little over an acre above a private beach and has endless views of the Santa Monica bay.
From the MLS below.
LIMITLESS COASTLINE VISTAS SEEM THE EXCLUSIVE POSSESSION OF THIS BREATHTAKING 1.1+/- ACRE BLUFF ESTATE CONSIDERED THE RAREST JEWEL IN THE COVETED CROWN OF MALIBU’S PRESTIGIOUS PT. DUME ENCLAVE, COMMANDING 220° VIEWS OF BUCOLIC PARADISE CODE.A CELEBRITY-STUDDED ENVIRONMENT OFFERING TOTAL PRIVACY, EXPANSIVE TERRACES AND POETIC GARDENS, FULL-SIZE TENNIS COURT, AND A UNIQUE ARCHITECTURAL RESIDENCE, QUIETLY ENSURES A CAPTIVATING AND TREASURED LIFESTYLE.DEEDED BEACH ACCESS BY PRIVATE, KEY CODED TRAIL.
Go to the current home page for up to date info about Malibu real estate. Malibu Real Estate
5941 Kanan Dume Road will be open today. If you’ve ever wanted an amazing Tuscan style home with ocean views, and a vineyard, then stop by the open house today.
I was out on caravan yesterday and noticed that an agent was advertising a $100,000 per month lease but NOT on the beach! Intrigued, I headed up Latigo to go investigate and was immediately wowed by the sheer size of the home that unveiled itself as I drove in through the main gates. Sitting a few miles off PCH on a nearly 10 acre parcel is this amazing 14,000 sq.ft. Italian Villa with whitewater views of Point Dume, Santa Monica Bay, Palos Verdes, and beyond. The home would be ideal for a reclusive celebrity, an international polo star, or anyone bored with cartel life in Dubai.
Understand that it’s not listed for sale but can be for the right buyer. It’s known as a pocket listing where the agent may choose to let a few people know that it can be had for a certain price. In this case the owner may want to primarily lease it but could be persuaded to let it go if there is a three with enough zeros behind it presented in the offer. I’m not talking $3,000,000 either! Call for a showing. 310 699 8428
From the MLS
ENJOY THE SUMMER AT VILLA CASCATA WITH A SPECTACULAR POOL AREA, HORSE FACILITIES, TRAILS, LAWNS, FORMAL GARDENS, KOI POND AND A LARGE GUEST HOUSE FOR YOUR OUT OF TOWN VISITORS. THIS NEWLY COMPLETED MASTERPIECE FEATURES INTERIORS BY NOTED DESIGNER AUDREY RUTH AND IS SITED TO COMMAND VIEWS FROM PT. MUGU TO DOWNTOWN LOS ANGELES. THE OWNERS OF THIS PROPERTY ALSO CONTROL THE ADJOINING 103 ACRES TO MAXIMIZE PRIVACY. AVAILABLE MONTHLY. CALL FOR SHORTER TERMS.
The home is listed with Paul Grisanti of Coldwell Banker in Malibu.
The gilded age continues! For $150,000 per month, with a two month minimum, you can rent the ultimate get away house. The home, located on Cliffside Drive on Point Dume, has 4 bedrooms and 8 baths with enough interior space to park a few Gulf Stream V’s. There is a direct trail to the beach and you can run around the property naked if you please because you will have total privacy. You are going to have to cough up a nice security deposit of $300,000 which means you’d better be ready to cut a check for $450,000 to move in for the first month. Let’s work with smaller numbers ya’ll can grasp. It’s only $200 per hour or $5000 per day. Considering that the Presidential Suite at Shutters in Santa Monica is $3500 per night, renting this for a mere $1500 more makes sense, right?. Why rent a room in a hotel when you can rent a Mansion? The only downside to staying here is that you can’t walk outside and buy fake sunglasses or watch guys in Dolphin shorts skating on the Venice Boardwalk. Oh well.
The home is listed with Chris Cortazzo of Coldwell Banker
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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