Tag Archive 'Point Dume Homes For Sale'

Nov 16 2011

Malibu Real Estate Agent on Ocean Views

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This very moment I’m sitting in reception area of an arbitration office in downtown Los Angeles waiting to be called as an expert witness. Being a Malibu real estate agent and professional photographer can lead you to interesting places when a dispute arrises between two neighbors about ocean views. I’m hear to talk about some images I took over the course of a year for  a client who had another neighbors trees blocking their ocean view. The City of Malibu has always has some guidelines and codes about vegetation and views but it wasn’t until recent that Malibu decided to deal with the issue with a view ordinance.

From the Malibu Times

The ordinance allows residential and commercial property owners to reclaim one 180-degree “primary view” that has been obstructed by foliage growth within a 1,000-foot radius of their property. To qualify under the ordinance, the view must have been unobstructed when the property was purchased or at the time of the city’s incorporation in 1991, whichever is later. The staff report defines a “primary view” as “visually impressive scenes of the Pacific Ocean, offshore islands, the Santa Monica Mountains, canyons, valleys, or ravines.”

A property owner claiming a view obstruction must first consult with the owner of the obstructing foliage or trees informally to try to reach an agreement. If those discussions are unsuccessful, the city would pay for a mediator for up to three hours to help the two sides reach an agreement; a neutral third party who would act as a negotiator.

As a Malibu real estate agent I can tell you with certainty that the amount of ocean view can affect the price of a home in the millions of dollars. It’s not uncommon to hear someone boast that their house is worth far more because they have 50% more view than the house down the street.

This reminds me of something I saw last week on agent caravan. There is a house for sale right now on Point Dume that is a great buy at $2,800,000. When I went up to the second floor to have a look at the ocean view I noticed that there were tons of trees blocking about 40%of the ocean view. Imagine the value if the next buyer could go in and get the trees trimmed! A far better investment than any remodel. $20,000 spent on tree trimming might yield a $150,000 increase in property value!

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Jun 21 2011

Malibu Real Estate Market Update 6/21/2011

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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

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Jan 25 2011

Point Dume Home Looking For Back Ups

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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.

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Dec 21 2010

Point Dume Real Estate Activity Report

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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.

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Nov 30 2009

New Malibu Beach House Lease in Cove Colony

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If you are looking to lease or rent a beach home on a private, guard gated street, this home on Malibu Cove Colony may fit the bill. Point Dume, Paradise Cove, Geoffrey’s, and Latigo can all be walked to from this beach house. $19,500 per month. Call for showings 310 699 8428

Listed with Isabell Miller and Shelly Yrigoyen PR Malibu

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Sep 18 2009

Flurry Of Activity Hits Point Dume Real Estate Market

The inventory of Point Dume homes for sale shrank dramatically in the last few weeks with 5 homes going in to escrow and 2 selling. Signs of recovery? I think so! The team at the Malibu Real Estate Blog gets 6- 12 calls a month looking for deals, leases, unlisted, or soon to be listed Point homes . Aside from “beach bargains”, Point Dume is Malibu’s hottest real estate market at the moment. Call for an update on Point Dume 1 310 699 8428 or asked to be emailed the comps of the below mentioned homes.
From the MLS today….
6908 Dume Drive Looking For Back Ups
6769 Dume Drive Looking For Back Ups
6722 Fernhill Drive Pending
6805 Dume Looking for Back Ups
7022 Grasswood Pending
a home on Wildlife just closed escrow and so did a $20m home on Zumirez.

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Sep 07 2009

Malibu MLPA / MPA Facts You Should Know.

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I normally don’t get in to politics but this one I can’t ignore.

I  am a fisherman and spear-fish in the local waters of Malibu an average of 5 times per month for the last 25 years. I enjoy bringing fresh seafood home from the ocean and look forward to the day I can teach my son how to fish. I love the fact that I know exactly where my fish comes from and that I don’t buy it from a market. I may not be an expert with a degree in Marine Biology but I do spend enough time underwater that I can tell you  that our local fish populations are healthy. One of my favorite fish is the White Sea Bass, which many years ago was a depleted fishery. Thanks to minimum size restrictions, limited take (only one fish per day most of the year), AND a hatchery program (run mainly by fisherman), the WSB has made an incredible recovery. I see massive schools of fish on most dives that I make and the world record  fish was taken in Malibu this year! This recovery happened because those who care most about the fishery  got involved and made sure that the resource would be there for them to enjoy. This was done with science and management. Those two things are what I most want to used to manage the local fisheries. The complete shut down of an area, which the MLPA crowd wants,  makes no sense to me at all.

As I was leaving the Chili Cook Off on Friday night a woman with an MLPA shirt asked me to sign a petition. I told her I would not sign it because it takes away my ability to fish in certain areas of Malibu. She then asked if I’d be ok with an exclusion of no take from motorized craft. I responded by saying, ” What about the grandpa who takes his grandson out once per year?  What good would it do to excluded him? Surely there are kayakers who spend 50 days on the water each year. How is that fair.” She didn’t respond but got upset and threw out this emotional, fear-laden statement…”You know shark populations are a ten percent!” “Oh yeah?” I say. ” Where are they ten percent? The whole world? Malibu? Which Species? Great Whites? All?” She got frustrated when I demanded facts she stormed off. Give me real data, not alarmist headlines. For example, if scientist were able to demonstrate that the halibut fishery was in danger from over fishing and not other environmental factors like acidifcation or pollution, than I’d be the first to pay a few extra bucks on a license that I knew went to a hatchery program, dropped the bag limit from 3 to 1, or raised the minimum size from 22 inches to 26 but not larger than 38 (slot size). .

The Marine Life Protection Act sounds really nice and I’m sure it makes people feel good that they are “protecting life” but let’s not ignore facts and lets use science, not emotion, to figure out what needs to be managed, not closed. Please take a moment to read the facts below and click the peer review article below to read.

Peer Review of Ecotrust MLPA Initiative Products
by Bonnie J. McCay, Ph.D. Caroline Pomeroy, PhD Kevin St. Martin, PhD
Coordinated by Barbara L. E. Walker, PhD

MLPA FACT SHEET

There are currently no depleted or endangered fish species in the area: When pressed, the  California Department of Fish and Game could not name one fish species that was depleted.

There is only one peer-reviewed scientific study produced by the MLPA science team: This study by Dr. Ray Hilborn shows that California’s fisheries are the second least exploited in the World, behind new Zealand. California and New Zealand are the only two that have substantially healthy fish stocks. The study recognizes that the fish stocks are recovering beautifully on their own through well managed size and count limits, and MPA’s are expensive, unproductive and unnecessary.

The plan ignores fisheries management as an effective tool for preventing overfishing: The array of reserves should not be a surrogate for fisheries management. If there is over-fishing, then the Department of Fish and Game is not doing its job.

The cost is unsustainable at the current estimate of $30-40 million: The State is essentially bankrupt. The Department of Fish and Game admits is currently does not have the resources to manage the huge array of closures. The net effect is that honest fishermen will stay out of reserves, but poachers will not.

Recreational fishermen that pay state license fees to fish for consumption should have the right to consume the best quality fish available to them: These closures appear to be designed to completely shut down fishing activities based on ideology instead of reasonable protection in view of social/economic impact to the public.

These closures, which occur underwater, will not increase tourism to the area since most tourists do not go on the water or in it to recreate except to fish: Swimmers, surfers, and boaters will never see any effects of these reserves, only fishermen and divers.

We as fishermen should not be expected to pay for the management of waters we have no access to: We will not pay for this alone, we expect that the funding must come from the general fund and the public as a whole.

None of the other contributors to habitat and fish declines besides fishing are addressed. Would it not make sense to investigate a few of these?

Water Pollution, Water Temperature Changes, Boat Anchoring, Resurgence of marine mammals, sea lions and sea otters, Ocean Acidification, Pollution from coastal streams, Pollution from Electrical plants and Desalination plants

By closing large areas to fishing, those areas that are not closed will receive more pressure thus causing the type of damage the act seeks to prevent. The proposed closures are the majority of excellent fishing areas. The same amount of fishermen will be crowded into areas with minimal habitat and fewer fish, damaging the already extremely fragile areas. This is counteractive to the goals of the MLPA. “When fishery management includes quotas, the use of MPAs will not reduce the volume of fish taken; it will only change the geographical distribution of the take. It does not require a complicated population model to know that the increase in biomass inside of MPAs will be roughly balanced by the decrease in biomass outside.”

This one is the graph from Dr Ray Hilborn’s co-authored study. This is from the only peer reviewed study in the entire MLPA process, and as you can see it says that CA has an extremely low exploitation rate. The exploitation rate in California is second only to New Zealand. Published in ScienceMag.Org

hilborn1


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May 07 2009

Another Great Deal On Point Dume With Beach Key

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Thursday Update. The home is in escrow! Price reductions like that don’t last long. Call me from other deals on Point Dume and be ready to strike when you see big price reductions!

I’ve personally been to this house several times and love the open floor plan and high ceilings. The beach is a short, 3 minute drive on a golf cart, there’s a good sized back yard, and near Point Dume Marine Science elementary school. The price has been reduced and someone is likely to secure a great Point Dume property at a fair price.

From the MLS
Charming spanish residence located in a great neighborhood in Point Dume. Massive frontage on 1.61 lush acres. New kitchen with top of the line appliances opens up to living room and dining area. Awesome green belt and mountain views give this property an expansive and wide open feeling. This 4bd home has high ceilings, gorgeous wood and tile floors, and large courtyards. Priced to sell! Private Deeded Beach Rights included! Listed for $2,975,000. Reduced to $2,275,000. A great deal on Point Dume!

Point Dume Real Estate

Point Dume Real Estate

Point Dume Real Estate

Point Dume Real Estate

The home is listed with Matt Rapf on Point Dume.

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Mar 08 2008

A new record! $150,000 per month for a Malibu lease! Is $200,000 per month next?

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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. 

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 The home is listed with Chris Cortazzo of Coldwell Banker

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Feb 18 2008

Malibu’s newest High-End listing asking a record price for Birdview Street at $25,000,000

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. 

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 Listed with  Chris Cortazzo of Coldwell Banker Malibu

 

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