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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There’s a great ocean view house for sale on Calpine in Malibu Park. Malibu Park is known for it’s family friendly environment and having k-12 schools located about 1 mile from any house in the neighborhood. Real estate prices in this area range form $1.7m and up. This particular house may be a good buy because of the following reasons…
It was purchased for $1,895,000 in 2007
The owners spent upwards of $350,000 remodeling the property
They spent an estimated $35,000 on preliminary research and plans for an additional 800 sq.ft. to be added on and a pool. Final plans need to be selected then submitted to the city.
The new addition would feature a master bedroom that faces the water and deck that raps around the entire back of the house
Update! The home quickly went in to escrow with upwards of 5 offers, several of which a rumored to be all cash. My guess is that it will close above asking but someone will walk away with a deal. You have got to be ready to pull the trigger when these deals pop up. saw several this week get hit with multiple offers. Call to discuss.
Showed the house today and it is hands down one of the best buys in all of Malibu right now. The ocean view was really good and the roughly 3 acres it sits on is mostly flat or gently sloped. Call before its gone. 310 699 8428
This may be the least expensive home with an ocean view AND over 6000 sq.ft! The home is located up a gated street very close to Malibu Park and Point Dume. It has great views and a large lawn. It’s on the short pay list and was reduced from $2,799,000 to $2,200,000. The MLS has it’s sq.ft. list at 6,467. That’s what I would call a best buy in Malibu. Call for showings 310 699 8428
Listed with Manuel R. Ramirez
There are currently 16 properties for sale in this category or REO. There is one beach house at $5.9m and a large, 7200 sq ft home for $3.9m in a gated community with expansive ocean views. There are also a few condos, and some “challenging to build on” pieces of land for sale. E-mail Me to be on the list!
A very unique Malibu Real Estate listing has surfaced this week on the MLS. The home not only has one of the best views in all of Malibu but also delivers incredible privacy. The home sits above the Malibu Pier and Surfrider beach and offers whitewater views from Palos Verdes to Point Dume. Check out the pics on the Flckr photostream. Call for showing 310 699 8428
A new listing with a record asking price for land has hit the Malibu Real Estate market recently. Possibly the largest offing of contiguous land in Malibu since the Rindge purchase in 1891, the 1280 acres run from the sand all the way up to a mountain top and is asking $130,000,000. The unique piece of land is made up of 29 parcels and is located just north of Neptunes Net. Maybe they’ll take $120,000,000?!!!!!
It appears someone’s spec project has hit the skids in the hills of Malibu. What’s unusual about this one is that it’s a large, nice, ocean view project in a neighborhood of homes in the $4-$7 million dollar range. The partially framed project came on the market last month at $3,950,000 and got a whopper of a price slash this week to $2,900,000 with an MLS description saying “will consider all serious offers.”
I personally like the price cut (that’s one motivated seller!) and it may very well be worth a look if you’d like to avoid most of the headaches involved with building a house in Malibu. Maybe one of the execs over at Toll Brothers needs something to do!
Call for a showing 310 699 8428 .
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Here is the MLS description.
EXCELLENT PROJECT, PARTIALLY FRAMED WITH STEEL BEAMS. 6000+ SQ. FT. PLANS FOR A SLEEK MODERN RESIDENCE WITH/AN INFINITY POOL. SWEEPING OCEAN, QUEENS NECKLACE AND LITTLE DUME VIEWS. THE DESIGN CAN BE WARMED UP TO SUIT THE BUYER’S PERSONAL STYLE. GREAT OPPURTUNITY FOR A DEVELOPER OR SOMEONE LOOKING TO FINISH A CUSTOM HOME. WILL CONSIDER ALL SERIOUS OFFERS.
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.
If you love doll houses, miss the Victorian Era, or are just plain ol’ looking for a distressed “good deal” within the Malibu real estate market, then this Point Dume house might be for you. The home is located on Grasswood near Point Dume Marine Science elementary school, has a beach key, an ocean view, over 7000 sq.ft. (apprx.), and a large yard. It originally came on the market at $8,500,000 but due to a divorce, and a need to sell, the owners have lowered the price to $5,495,000 with this description from the MLS…
“DIVORCE SALE! SELLERS EXTREMELY MOTIVATED. PHENOMENAL OPPORTUNITY. REDUCED OVER $3.0 MIL SINCE FIRST ON MARKET. OVER $1.25 MIL IN RECENT RENOVATIONS. EXQUISITE VICTORIAN W/DETACHED GUEST HOUSE ON GREAT PT. DUME STREET . BEAUTIFUL OCEAN AND CITY LIGHT VUS. VERY PRIVATE ON 1 ACRE OF LUSHLY LANDSCAPED GROUNDS. TRUE ESTATE PROPERTY OF UNCOMPROMISING QUALITY: INCL. GOURMET KITCHEN W/ LACORNEU STOVE, GRAND SECOND STORY MASTER, LUXURIOUS DINING/LIVING/BATH RMS, AND EXCEPTIONALLY APPOINTED GUEST SUITES!”
Call for other “deals” in Malibu 310 699 8428
The home is listed with Chris Cortazzo/Coldwell Banker
I recently had an opportunity to photograph a condo for a fellow agent in Malibu. She explained that it was an incredible unit that had been remodeled to the studs and had an amazing view. WOW! I had know idea it was this nice! When I arrived I was blown away with how well done it was. The view was one of the best I’ve seen… EVER! If you are in the market for a condo, forget the overpriced and rapidly depreciating in town units. Invest in the rarest of commodities, a huge ocean view, that will knock your socks off! Come see this Malibu condo before it’s too late! Check the website out here www.23914deville.com Give me a ring to find out more about other condos available in Malibu. 1 310 699 8428
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
While the under $3,000,000 luxury market for homes seems to be slowing down, the growing demand for high-end finished products within the Malibu real estate market continues to be met with new homes such as this one with a listing price of $25,000,000. This stunning East Coast traditional is situated on the cliffs of Point Dume with a breathtaking view of the Pacific Ocean. The home sets a new record asking price for this section of ocean view bluff located on Birdview Street and will most likely elevate the value of all the neighboring properties when a sale is finalized. Competing for high-end buyers are two other listings: 7049 Birdview at $19,950,000 and 7307 Birdview at$11,250,000. The highest sales price achieved on Birdview closed around $13,000,000. The home was built by Albino Construction, known for building the highest quality homes that are frequently purchased by buyers from the entertainment industry. It features 7 bedrooms and 11 bathrooms with 8756 Sq. Ft. on little over one acre of prime Malibu soil. There is an infinity edge pool, expansive ocean views, and direct beach access via a private gate with your own path to the sand. If you love the homes in the Hamptons, the weather in Southern California, and can afford to buy a small, private island, then you’ve found your perfect home in highly sought after Malibu.
Listed with Chris Cortazzo of Coldwell Banker Malibu
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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