The Malibu Real Estate Blog

Carbon Beach, aka billionaires beach, has given us one more reason to believe it’s name. A new $57,000,000 listing came on the Malibu real estate market this week. This is not your average beach house! This Malibu home for sale is on a triple lot on Carbon beach and has almost 13,000 sq.ft. with 180 feet of frontage. The home is exceptionally done in a Cape Cod style and  boasts Continue Reading »

Check out the new “Quickly Search” link on the right. Once you search an area like Malibu, you can adjust the search results by price, time on market, etc. BUT the best one of all is the tab that lists homes with the largest % price drop! That is where you are going to find the deals! Yeah, like that beach house was $8m now you can buy it at $4m! This is one of the best ways to find a Malibu home for sale with a motivated seller.

A home seller in Malibu has come up with a very unique and creative way of bringing attention to the sale of his home….he’s throwing in his red Ferrari F40. The iconic Italian sports car has less than 800 miles on it and only 1315 production models ever rolled off the factory floor in Maranello, Italy. The car was originally offered at $400k, though some buyers were willing to pay a bit more to possess this stellar sports model…up to $1.6m! The F40 was the first ever legal production car to exceed 200 mph. A Japanese Ferrari dealer once filmed himself hitting 201 mph only to be arrested after he sold a videotape to an undercover policeman. Bail probably wasn’t a problem, he had already sold 10,000 of the videos. The only catch on securing the car is that the home for sale must be purchased before 6-30-2010.

Oh, and about the house! The home’s asking price is $4,399,333.00 and it has expansive ocean views on half an acre. There are 5 bedrooms, 5 bathrooms, and close to 6000 sq.ft. of living space. There is a pool, room to park 13 cars, and is less than a minute walk from the beaches along Encinal Bluffs. The house across the street is asking $49m! Call for a showing of the car or house! 310 699 8428

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For seriously straight talk about actually buying a home and living in Malibu, call me on my cell at 310 699 8428.

On Monday mornings we have our office meeting to discuss various aspects of the Malibu real estate market. One question we always throw around is, “What was the best thing on caravan?” About half the agents, including me, thought the new listing on Birdview was the nicest house for sale. The home has a distinctly Asian feel with the kiln-fired and blue glazed tile roof, an Indonesian/Bali feel with the tropical landscape, and a zen/Craftsman interior that smartly leaves the Japanese feel at the door. The shared feeling by many agents was “what a pleasant surprise” and “this house has a great feel.” The house, in fact, was so unique and special, that the $11m asking price seemed to be a side note. This is the type of home someone will walk into and just “want it” because of the emotional connection.
From the MLS “SEASIDE BLUFFTOP ESTATE- PRIVATE PATH LEADS TO SANDY SHORELINE- ROMANTIC AND PRIVATE SETTING- LUSH LANDSCAPING ENVELOPES YOU IN A TROPICAL PARADISE- INCREDIBLE OCEAN VIEWS SPAN THE PRISTINE COASTLINE- OPEN & FREE FLOWING FLOOR PLAN 6 BEDROOMS- MEDIA ROOM, OFFICE, GOURMET KITCHEN AND EXQUISITE MASTER BATH- SEPARATE GUEST HOUSE BY LAGOON POOL WITH ADDITIONAL BEDROOM, BATH AND GYM- SPACIOUS PATIOS WITH OCEAN VIEW DINING AND ENTERTAINING SPACE- NO NEED TO VACATION ON A TROPICAL ISLE, HERE, YOU HAVE YOUR OWN FANTASY RETREAT.”
Listed with Chris Cortazzo and Bobette Halverson

A whopper of a new listing hit the Malibu less than an hour ago and is testing the upper limits of the real estate market at $49,950,000! The home is fit for Saudi royalty, Social Media Tycoons, Jay Diddy’s, and anyone up for an award next week with 9 bedrooms, 12 baths, and room for a serious car collection. The Doug Burdge designed Continue Reading »

Just listed in the MLS this week! One of the finest homes ever to be offered in Malibu for sale. This home has 180 degree views of the Santa Monica Bay and whitewater views of Point Dume. Follow the house on Twitter for updates about showings, TV show air dates, etc. $13,950,000 with ~14,000 sq.ft. on ~20 acres with room for a large vineyard. Shown to qualified buyers, 310 699 8428 Follow here

Update! Just saw this house hours ago and it has a 4th bedroom. It’s a great place and has a lot of potential to be built out.

A new listing on Point Dume hit the Malibu real estate market yesterday. The remodeled ranch home is located at 6847 Wildlife and is close enough to the beach that  you should be able to walk to the water in under 2 minutes and hear the waves at night. The property is on nearly an acre of land with the home being around 1900 sq.ft. having three bedrooms. The current house is nice enough  to live in and kept as is, but the property will likely find a buyer who will build something much larger. The home for sale  is listed at  $3,450,000 and my bet is that it will sell fast! Call to see it before it’s too late. 310 699 8428

Listed with Ellen Francisco / CB

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.

A few years ago you’d be hard pressed to find anything on Malibu Road for under $6m. The Malibu real estate market has changed, so if you’ve been on the sidelines now may be the time to pick up that Malibu beach house you’ve always wanted. Currently asking $5,400,000, the homes features  expansive decks, a third story guest nook or office, and a two story open ceiling living room. Check out the master bath with it’s period correct stained glass and deep, round, swingin spa tub. At this asking price, there is a legitimate chance that it could sell at under $5m. Call for a showing 310 699 8428.

There are two homes now on Point Dume that are heading in to a price range that most people would say is a good price. Both of these Malibu homes for sale have beach keys to Little Dume beach. These are deeded beach rights which make the homes more valuable than the ones that don’t have the rights. The first one has been nicely remodeled and has a guest house studio in back on expansive lawns no ocean view. It is listed at $2.575m. The second home needs a remodel but has good ocean views and is for sale at $2.495m.  Email Me for more information about Malibu Real Estate. Call for showings 310 6998428. If you are “tech”, sign up for the RSS feed!

Listed with Matt  Rapf

Listed with   Louis Jacobs

The Carbon Mesa home for sale mentioned a week ago on this blog had offers on it right away and is listed as ” Backup” status on the MLS. The Malibu home for sale was once listed as high as $2,950,000 and hit the market at $1,141,000. Had you been signed up for my Listing Book program you would have had an early morning email the day it came on the market. Email Me if you like to be this program. In the email tell me what your price range is and what you are looking for.

Heading out on caravan right now. I’ll be posting thoughts on some of the Malibu homes for sale that I see. There are a few beach homes on Las Tunas and Carbon Beach that should be interesting. The blue box to the right is the live feed where you can follow me on Twitter.

Another video I just made after shooting a house on Broad Beach. Some of the feedback was that the first one was too fast and the resolution was low. I’ve slowed down the transitions and used a higher def format. Feedback is welcome!

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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Want daily emails showing price reductions in Malibu? Email me asking for ” Listing Book” for access to he MLS Malibu agents use.
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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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Listed with Ellen Francisco CB Malibu

Let’s face it, technology has drastically changed the way buyers search for real estate. Information is power. The serious buyer will use a multiple of tools to find a home, research value, and monitor price reductions. Used correctly, these tools will enable the buyer to be efficient, educated, and ready to buy when the time is right. Here are a few tech tools you should know about.

• Listing Book- This is what we call an automated “Drip” program that will send morning  MLS updates to a clients email. It also give clients full access to our MLS so you really can search like an agent would. If you are a computer/info junkie like me you likely wake up in the morning and get a quick dose of info for the day. My routine is to check email, look at any changes to all Malibu listings, read the Drudge report, and check weather and surf reports. People interested in real estate need to have a morning update that includes seeing all new listings and price reductions within the market they are interested in. The smart buyer these days targets a house, does the research, then sits back and waits for that morning update that says “$500,000 price drop” then goes after the property. This program enables the buyer to become aware of new listings or price changes within  minutes of the change . Email me if you’d like to sign up for this info. Click the contact tab above and tell me price  range ,type of home you need, and email and you’ll be signed up. You can even search for Malibu REO, bank owned, short pays, or probate sales.
• Blogs like this!-The point of this blog is to convey information to people that want to know about Malibu Malibu Real Estate. Real estate agents for the most part  area addicted to gossip and usually know important background information about a home. I may post an article about a great deal or best buy because I know that the owners are getting a divorce and have already purchased separate homes.  When I’m out on caravan this is the type of recon and info I gather  to make articles for the blog.
• RSS FEED-Instead of checking the blog randomly, why not get notified when there is a new post? That’s what an RSS feed is all about. I write a post about a huge price reduction, publish it, then you get an email alert about the new post. Again, using technology to quickly get info. subscribe to my RSS feed! If you have no clue what an RSS feed is click here for a quick video.
• Twittter- I’m using this tool to send out live updates about the Malibu Real Estate scene. If I get word of a price reduction or smoking deal on the beach I’ll send out a “Tweat” about it. Those that  follow me on  Twitter get the updates within seconds of them happening. See the little blue box to the right? That’s my Twitter Feed and where you can click to follow.

Bottom line…..use technology to get ahead of the curve instead of behind it.

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.

A very unique Malibu home has sold and well below it’s original asking price. The one of a kind home located at the end of Zumirez on Point Dume came on the market at $27,500,000 back in December. It was reduced to $23,000,000 and it closed a few days ago for $16,500,000! That’s a serious chop of $11,000,000! The house may have been listed high in hopes that Ms. Streisand, who owns multiple lots next to the property, would make a run for it but it appears she has passed on it. The home sits on a rare bluff parcel but was considered by many to be a “scraper” and in pretty rough shape.
The home was co listed with Chris Cortazzo of Coldwell Banker

Malibu’s very own Lisa Kline will be having a garage sale where “everything must go”!
The style maven has been a fixture in Malibu for years so get there early as the locals are sure to turn out in force looking for deals.

It’s not often we see a beach house for sale on Malibu Road for under $6,000,000. This particular home also happens to be in what may regard as a better section of Malibu Road, near the beginning, closer to the Malibu Colony. At $5.9m, it’s worth a look if you have been in the market for a beach house. Call 310 699 8428 for a showing or to discuss all the different beaches in Malibu. Google map link here

Click here for a link for the low down on the home

Listed with Renee Grant of Century 21

A new home has hit the Point Dume Real Estate market and it’s listed at a great price. The home, located on the corner of Wildlife and Fernhill, is close to the private beaches that the Point Dume community enjoys. The home is listed at $2,190,000 and includes a large lot of over .5 acre.
It’s what we commonly call an original Point Dume “ranch house” typical of building in the late 50′s and is in very clean condition. Call for a showing. This one won’t last long. 310 699 8428

The home is listed with Matt Ogden of Pritchett-Rapf

March is the month when summer  beach rentals and leases come on the Malibu Real Estate market. If you haven’t secured your beach rental by the middle of May you are likely to find yourself building sand castles in Mojave. I predict this year lease prices will be slightly lower than last years but the premium beaches like Broad Beach, The Colony, Carbon Beach, and Malibu Road, will still command high prices. Summer Rental prices on the low end will be around $10,000 and top at at $100,000 or more for the best beach houses. E-mail Me if you’d like a list of available rentals sent to you. You can also click here. Click this link to be taken to an MLS search for all beach leases in Malibu.The user id is x55032 and the password is lease

If you need a $30 piece of plywood in Malibu, you are going to have to travel to Santa Monica or The Valley. If you need  a pair of  Distressed Leather Reva Ballerina Flats for $195, then you are in luck because the new shopping center at the corner of Cross Creek and PCH will have them at Tory Burch. 

Starting in the beginning of March, Malibu will have a new destination shopping center with multiple high-end tenants. Currently signed up (but subject to change) are Intermix, James Perse flagship, Maxfield, Tory Burch, Theory, Alice + Olivia, J Crew at the beach, Kitson Men’s, Planet Blue Kids, Ever, Crumbs Bake Shop, two restaurants, an ice cream/yogurt store, second level locals, and other retail stores. If that’s not enough to wear out the magnetic stripe on your credit crisis card then you always  can head to the other retailers that are changing the look of Malibu like Planet Blue, James Perse, Madison, Ralph Lauren, RRL, Ron Herman, Chrome Hearts, L’Occitane, Henry Beguelin, Shabby Chic, Juicy Couture, John Varvatos, Ernest Sewn, Seven for all mankind, M Frederic, and Sigerson Morris.

All that shopping will likely create an appetite so rest assured you’ll survive the ride home by fueling up on  some high-digit calories from restaurants such as Nobu, Taverna Tony, Tra Di  Noi, Marmalade, John’s Garden, Howdy’s Traqueria, Coffee Bean, Starbucks, and Malibu Kitchen & Gourmet Country.

Retail leases are running between $18-$23 per square foot  so don’t expect to find too many half-price sales like the ones I saw last night at the Third Street Promenade. Given the current economic conditions, it will be interesting to see which retailers can afford to spend $20k-$40k per month just to be in Malibu. I’m still convinced some of the retailers run these Malibu outposts as loss leaders because it might be cheaper than magazine adds and there is a likely chance the paparazzi will snap a pic of a celebrity in their store. Can you put a price tag on a picture……How much do you think the PR is worth when a picture of someone famous is  caught walking around with a bag full of goodies from Ralph Lauren and get’s 100,000 hits on X17?

It just might be worth the rent.

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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.

Listed with  Anthony Barsocchini/ WEA