The Malibu Real Estate Blog

Another smoking deal on a bank owned Malibu home for sale! Less than 5 hours ago a new listing hit the Malibu real estate market that will be gone shortly if you don’t act quick. Asking $1,119,000, this Malibu West home has three bedrooms and has been nicely upgraded. This Malibu home for sale also comes with beach rights at the Malibu West Beach club on Broad Beach. Call for a showing 310 699 8428 or request a list of bank owned Malibu properties for sale. Email for Bank Owned List
From the MLS….”BANK OWNED REO! GREAT OPPORTUNITY TO OWN IN DESIRABLE MALIBU WEST LOCATED ON A BEAUTIFUL TREE LINED STREET THIS SINGLE LEVEL HOME FEATURES 3 BEDROOMS AND 2 BATHROOMS. THE GARAGE HAS BEEN CONVERTED TO A DEN/OFFICE SPACE/ LIVING ROOM & FEATURES RANCH STYLE WINDOW OPENINGS. THE PROPERTY IS SITUATED JUST BEHIND A CREEK AND FEATURES A NICE GRASSY AREA AS WELL AS A COVERED SITTING AREA IN THE GARDEN AND CONCRETE/BRICK PATIO JUST OFF THE BACK SIDE OF THE HOUSE. GREAT HOME JUST BLOCKS FROM THE OCEAN.”

listed with J Cohen Re/Max

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.

Email Me to get the list of bank owned REO homes.

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

There are currently 15 Malibu homes for sale on my bank owned, REO, or short sale list (up from 14 last week). All you have to do is email me and I can send you the list. E-mail Me! I will also sign you up for an alert program that will give you morning updates on any property that hits the market that’s distressed. Wait, Watch, Then Strike!

The best deal out there right now for a “family home” is a house on Bridella. It’s a 5 bedroom home for $749,000! Call 310 699 8428 for a showing or to talk about Malibu homes for sale.

Listed with Sharon J Hetrick REMAX

There are currently 14 Malibu homes for sale on my bank owned, REO, or short sale list. All you have to do is email me and I can send you the list. E-mail Me!
There’s a deal to be had if anyone is looking for a large estate perched on a bluff right above the water! The property at 33730 Pacific Coast Highway was listed in 06 at $20,000,000 and has now become a bank owned sale at $10,999,000. That’s a serious half off sale! The home has a bonus parcel behind it with it’s own building potential. The property is located about half a mile south of Leo Carillo and has stairs to the sand. There are numerous surf breaks located within paddling distance of the home. Here’s he MLS info” ***REDUCED AGAIN! *** THIS BANK OWNED ESTATE IS PRICED TO SELL. BEAUTIFUL GATED ESTATE LOCATED ON THE ENCINAL BLUFFS. THIS BEACH HOME HAS RECENTLY UNDERGONE THE TRANSFORMATION INTO A STUNNING ITALIAN COUNTRY BEACH ESTATE CONSISTING OF TWO LEGAL LOTS TOTALING OVER 1.6 ACRES. POSITIONED TO TAKE FULL ADVANTAGE OF THE PANORAMIC OCEAN AND COASTLINE VIEWS WITH EXPANSIVE BEACH SIDE DECKS FOR ENJOYMENT AND ENTERTAINING. TAX INFORMATION SHOWS THE RESIDENCE AS A 4 BEDROOM AND 3 BATH HOME, ACTUAL CONFIGURATION IS 3 BEDROOMS, 3.5 BATHS AND AN OFFICE/DEN. THE RESIDENCE IS LOCATED ON THE LOWER OF TWO PARCELS WHILE THE UPPER PARCEL MAINTAINS IT’S OWN DEVELOPMENT POTENTIAL. THIS IS A VERY SPECIAL PROPERTY AND PRICED EXTREMELY WELL AS A BANK OWNED PROPERTY”

Call 310 699 8428 for an appointment to view the home or any other bank owned homes in Malibu.

Listed With Marcus Beck Prudential Malibu

Here’s the Low Down. A Malibu home seen on TV’s Million Dollar Listing is headed for auction on May 22.  This type of home for sale is much easier than the headaches of the bank owned, REO, short sale type. This 5600 sq.ft.home is located in my neighborhood, so I know it well, and is located in a private, gated canyon with winding streams, oaks trees, and a few minutes walk from the beach. Continue Reading »

The seller of this Malibu home is no longer the seller! Once listed as high at $20,000,000 an Encinal bluff house has now been listed at $14,950,000 with the bank being the seller. The bank owned home may be the most expensive piece of real estate for sale that comes under the “distressed” category in of Malibu. I showed the luxury home to a client  back when the price was closer to $18m and though the home was great with a huge bonus pad located above that has build out potential for another home. The house has expansive decks, large partition doors the lend to an indoor outdoor flow, and is located above a private beach with stair access from the lowest deck.”It feels like you are on vacation at Lake Como, Italy,” one agent commented at a showing. The homes can be seen by calling Mike Gardner @ 310 699 8428.

Whenever an agents list a property that is “distressed” they must disclose it in the MLS. There are several categories that they can check off such as bank owned, REO, short sale, or short pay. Not only is it the law, but it’s useful in that when I log on to do a quick search for Malibu homes for sale that have those designations. Today’s report shows 17 properties in this category and some of you reading this will want it!
If you are a bottom dweller looking for a steal, you may need to look in Vegas, Florida, o Palmdale… our market is still holding up fairly well!
Contact me for that list! Email Me
Want to be in the know about smoking deals? Sign up for the RSS feed. The second I publish, you get an email.
Get your tweet on. I post live reports from the real estate field as they happen. Find me on Twitter @malibure
Want daily emails showing price reductions in Malibu? Email me asking for “Listing Book” for access to the MLS Malibu agents use.
subscribe to my RSS feed! If you have no clue what an RSS feed is click here for a quick video.

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.

Breaking News!!!!! A Carbon Mesa Home (area near the Malibu Peir) just hit the Malibu Real Estate market this morning as a bank owned sale. It has 4 bedrooms, ~2600 sq.ft., an ocean view, and is on almost 2 acres for $1,141,000.
The list of 19 Malibu homes and condos for sale that are in the category of REO, bank owned, distressed, foreclosure, or short sale is available to those who request it via email. Email If you consider yourself a serious buyer for Malibu Real Estate do yourself a favor and contact me. I will not only send you a list of homes available now, but will also let you know of homes I can get you in to that aren’t listed or are about to be listed!
Without giving to many details I can tell you that one of the frequent readers of this blog was first to be notified about a huge, ocean view, home for sale in the distressed (short pay) category. He came out right away and now has an offer on a home, that if it gets accepted, may be the deal of the year in Malibu.

A quick search of the MLS within the Malibu Real Estate market  shows that there are are total of 14 homes for sale that fall within the distressed category. Home range from a $6m beach house on Sea Level to a $399,000 condo at Malibu Villas. The smart investor or opportunist might just want to email me for that list of homes!  Email Me
Want to be in the know about smoking deals? Sign up for the RSS feed. The second I publish, you get an email.
Get your tweet on. I post live reports from the real estate field as they happen. FInd me on Twitter @malibure
Want daily emails showing price reductions in Malibu? Email me asking for ” Listing Book” for access to he MLS Malibu agents use.
subscribe to my RSS feed! If you have no clue what an RSS feed is click here for a quick video.

By 8 am this morning I had 2 clients emailing me asking what the story was with a new listing in Malibu Park for $699,000 that once was listed at $1,800,000!!!!!!. This is not a condo, but a half acre, ocean view, one bedroom home from 1949. They got the alert at 6 am this morning just hours after it was inserted on the MLS. When they checked their email they saw the hot deal and were among the first to know about it. The reason they got it so fast was because they had me create a “Listing Boo”k account for them where they can keep track of all real estate activity in Malibu. With this account, clients have full access to the MLS and can even change criteria to fine tune their searches. If you are serious about watching the market, finding new listings, and even getting price reduction updates on marked homes, then email me with what you are looking for an consider it done!

About the house. It’s small and permits are pending. One bedroom and 2 baths on roughly 1/2 acre with ocean view and near Malibu High School. The house is being auctioned off on 11/14/09. Here is the MLS 411. Call me for info 310 699 8428 or email me .
“**AUCTION**AUCTION**60% *OFF* Original List Price of $1,795,000**11.00*Sold on site 11/14/09 @ 11am**Original house first built in the 1940′s. Foundation, utilities, landscaping, gates and fencing are in. Permits are pending, for a new home. Charming little guest quarters occupied by tenant. A very special setting with an exceptional ocean view. Lushly landscaped property has mature avocado, lemon & orange trees.”

A condo has surfaced in the Malibu Villas for $499,000 on the third row. That’s a crazy price and worth having a look at if you are sending some kids to Pepperdine for a few years. I don’t think anyone on the upper rows of Malibu Villas ever thougt they’d see a condo ASK under $500,000. If you’d like to search the Malibu Condo Market click this link.

I’ve seen a few great deals pop up this week and the cash buyers are starting to come out of the wood work. If you want to discuss where the deals are at give me a call. There is a lot more to find out about a home than just asking price. I have the ability to look in to public records and see what is owed against the house, and often have a sense about what the seller or bank is willing to take. Call me and get the low down on the high end.

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!

Update! You snooze you loose! Already has offers and is pending in status. You gotta be quick on these!

A new bank owned home has hit the Malibu real estate market today. This 4 bedroom home is located just North of Broad Beach, has a pool, ocean views, is in a gated enclave, and is very close to the beach. Easy to show. $1,649,000
MLS description
” BEAUTIFUL 4 BEDROOM HOME SET IN A TROPICAL ENVIRONMENT. GATED ENTRY LEADS TO PRIVATE ENCLAVE JUST STEPS TO THE BEACH. FEATURES INCLUDE: LIVING ROOM WITH FIREPLACE AND WALL TO WALL WINDOWS TAKING ADVANTAGE OF THE OCEAN AND SUNSET VIEWS. WRAP AROUND BALCONY OVERLOOKS THE BACKYARD WITH STONE POOL AND SPA WITH PLENTY OF OPEN GRASS AREA. GORGEOUS INTERIOR AND EXTERIOR FINISHWORK WITH LOTS OF WOOD AND NATURAL STONE. GUEST QUARTERS WITH FIREPLACE, PRIVATE BATH AND OUTSIDE ENTRANCE. WINE CELLAR ETC.”

listed with Shen Shultz PRapf Realty

Here’s a good Malibu Real Estate deal for under $1,000,000. A house up Latigo with over 3000 sq.ft., 4 bedrooms, 3 baths, and a 2 car garage. The home has great canyon views and contemporary architecture. The home is listed for $999,000, down from $1,250,000. Call for a showing. 1 310 6998428

The home is listed with Michael Cunningham of PRapf
So far about 20 people have emailed me requesting info on the above mentioned types of sales within the Malibu Real Estate market. If you are searching for one in Malibu or Topanga, just send an email requesting the list and give me a price range so I can put you on a watch list. There aren’t a ton but I am seeing some good deals pop up. Keep in mind that there are plenty of others out there that have the same idea of jumping on something when it comes up. The last condo closed up almost 10% above asking! So be ready when opportunity knocks!

There are currently 16 properties for sale in this category. 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!

Check out past articles on Reo, Bank Owned, Short Pays.

So far about 20 people have emailed me requesting info on the above mentioned types of sales within the Malibu Real Estate market. If you are searching for one in Malibu or Topanga, just send an email requesting the list and give me a price range so I can put you on a watch list. There aren’t a ton but I am seeing some good deals pop up. Keep in mind that there are plenty of others out there that have the same idea of jumping on something when it comes up. The last condo closed up almost 10% above asking! So be ready when opportunity knocks!

There are currently 16 properties for sale in this category. 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!

Check out past articles on Reo, Bank Owned, Short Pays.

Article 1
Article 2

The skinny!
Prices range from $700k in Coral Canyon to $6m on the beach at Sea Level near Broad Beach. Send an email and I’ll send the current list.
Here is a 6000 + sqft. homes for a $3,150,000! That’s about $500 /sq.ft…….a great deal in Malibu! Call 310 699 8428 or email for details.
E-mail Me!

Check out past articles on Reo, Bank Owned, Short Pays.

Article 1
Article 2

Listed with Shirley Sherman / West Side Estates

Update! Unit went in to multiple offers right away. Beach Key and Whitewater views are hard to resist at that price! I will publish the final closing price when it comes out. Be ready to pounce on the next great deal!

A new listing has hit the Malibu Real Estate condo market this week and if it closes at anything near its asking price, other sellers may need to rethink their asking price. The 2 bedroom condo on Heathercliff was originally purchased in 2006 for $850,000 and has been listed this week for $427,900. Yes, almost a half-off sale and likely to upset many nearby condo owners when it becomes a comp. I showed the property this morning. It was surprisingly clean and had white water views of Zuma beach. Good enough views that your surfing buddies will be calling to get the early morning swell report from you. Other bonuses include a beach key, walking distance to Lilys Burrito Shop, Pavillions, and Zuma Beach. The unit is bank owned and likely to sell fast. Call for more info 310 699 8428

Listed with Robert Glinert Coldwell Banker

First off, Sea Level is a great beach. It is located just up from Broad Beach and has a cool, mini-community vibe to it. Residents leave kayaks and surfboards on the sand without any worry about someone stealing them. The 4th of July party there is huge and the beach is in better shape than Broad Beach right now. This could go out at a good price and is worth seeing if you are in the real estate market for a beach house in Malibu. Places like this also rent out for top dollar in the summer months. Listed at $5,950,000.

From the MLS
BEACH FRONT LIVING- LIGHT, BRIGHT AND A THIRD LEVEL DEN THAT OPENS TO VERY LARGE SUN DECK. GREAT MASTER SUITE ON THE WATER. GATED COMMUNITY. SELLER HAS CA. REAL ESTATE LICENSE. SHORT PAY SUBJECT TO SELLER HAVING LOANS ACCEPTABLE TO SELLER.

Check out this article if you want to be on my priority list for distressed listings in Malibu.

Listed with Bill Mason / Malibu Surf Realty

Here are the best deals in Malibu right now.  Call for showings and the “Low Down”. 310 699 8428 

31636 Sea Level Drive  A BEACH HOUSE!  $5,950,000 Near Broad Beach

BEACH FRONT LIVING- LIGHT, BRIGHT and a THIRD LEVEL DEN THAT OPENS TO VERY LARGE SUN DECK. GREAT MASTER SUITE ON THE WATER. GATED COMMUNITY. Seller has Ca. Real Estate License. SHORT PAY SUBJECT TO SELLER HAVING LOANS ACCEPTABLE TO SELLER.

Listed with Bill Mason Malibu Surf

  4134 MAGUIRE DR , MALIBU 90265  $1,099,000

REO/BANK OWNED FORECLOSURE!!! EXCELLENT, PRIVATE LOCATION IN THE HILLS OF MALIBU, JUST MINUTES TO PCH & THE BEACH. NEWER BUILT CONSTRUCTION W/LARGE ROOMS, OPEN FLOOR PLAN & HIGH CEILINGS. SPECTACULAR CANYON, MOUNTAIN, & PEEK-A-BOO OCEAN VIEWS FROM NEARLY ALL ROOMS & BALCONIES. LUXURIOUS MASTER SUITE W/FIREPLACE, PVT. BALCONY, DUAL VANITIES, LARGE WALK-IN CLOSET, & A LIMESTONE BATH W/SEPARATE STALL SHOWER & SPA TUB. ALL BEDROOMS EN-SUITE W/EUROPEAN STYLE BATHS. SPACIOUS COOKS KITCHEN & MUCH MORE

Listed with Philip Boroda Coldwell banker

  6115 PASEO CANYON DR , MALIBU 90265 $1,625,000  

Totally redone home in prime Malibu West location. Finest materials throughout with magical yard located on natural creek. Short pay, subject to bank approval. Deeded beach club and tennis court rights. Seller has California Real Estate License. 21549 PACIFIC COAST

Listed with Steve Karsh Malibu Surf

21549 PCH , MALIBU 90265  $1,399,000

La Costa beach landside ocean view home with 3 bedrooms & 2 baths. Open living room off of kitchen. Updated kitchen with granite counter tops and hardwood floors throughout. Wood beamed ceilings in family room. French doors throughout. Large private backyard with palm trees and lushly landscaped. Terrace & gardens with lots of entertaining decks. Large sun deck overlooking ocean. Home needs TLC. Walled and gated with La Costa beach rights. This is subject to a short pay -see private remarks

Listed with Irene Dazzan-Palmer Coldwell banker

  1944 CORRAL CANYON RD , MALIBU 90265 $614,900  

Bank owned foreclosure. Charming 1bed/1bath home in the canyon of Malibu! HW, tile, & carpet. Kitchen appliances. Big garage. Views from many angels! Info herein is not verified by agent. Buyer to verify all info. & rely on their findings. All offers must be submitted on CAR form w/pre-approval (NOT pre-qual), copy of earnest money check +proof of funds (if cash offer) & agency disclosure. For a guarantee receipt of your offer please check our prvt. remarks for fax cover & faxing instructions.

Listed with Joyce Essex Coldwell Banker

   2315 LIVE OAK MEADOWS RD , MALIBU 90265 $1,449,000

 Lender owned. REO. Reduced for immediate sale. You saw it on CBS series “Shark” (exterior shots). Striking home on almost an acre of land with outdoor patio kitchen, gas fire pit, and room for a pool. Assessor states 3 bedrooms, but most likely use is as 2 bedroom. Open floor plan with gourmet kitchen. Cannot last at with this price reduction. Must be seen. Listed with Joan Shultz/Dilbeck

Back to the current articles

I have had an overwhelming response after this house first appeared in my blog and then in the LA Times. I have scheduled several showings between now and New Years Day and will show it anytime. Get on this because it’s a great house and the bank will want to move it. Call 310 699 8428

Just got back from a showing. Here is the Low Down…..
The home is located up Las Flores Canyon roughly 2.3 miles. See Google Map
There is ocean view. Not Huge, just a wedge, but there.
Is it a fire zone? Yes, but I would say that about 95% of Malibu.
It is on the Eastern or Southern end of Malibu.
Apprx 2002 sq.ft.
About 20 minutes to Santa Monica.
The landscaping is great and most of the property has been used for grass, hardscapes, bbq area, fruit trees, etc.
The house is three levels. Top is master bedroom, mid is kitchen and den, bottom is another bedroom.
There are two driveways.
Not an ideal starter/ family home but great for older couple/work at home/single types.

Price is $1,599,000. Check out the MLS description below. Call 310 699 8428 for more info.
If you enjoy information about Malibu Real Estate subscribe to my RSS feed!

LENDER OWNED. REO. YOU SAW IT ON CBS SERIES “SHARK” (EXTERIOR SHOTS). STRIKING HOME ON ALMOST AN ACRE OF LAND WITH OUTDOOR PATIO KITCHEN, GAS FIRE PIT, AND ROOM FOR A POOL. ASSESSOR STATES 3 BEDROOMS, BUT MOST LIKELY USE IS AS 2 BEDROOM. OPEN FLOOR PLAN WITH GOURMET KITCHEN. CANNOT LAST AT THIS PRICE. MUST BE SEEN. SEE PRIVATE REMARKS BEFORE CALLING.

I got a lot of calls today regarding this property. It is available for showings. Check out the Google Map below.

View Larger Map

Malibu REO

Malibu REO

Call for a showing 310 699 8428
Listed with Joan Shultz Dilbeck Realtors

Click Here to go to the most current REO, Bank Owned, Short Sale update!

Every day I take a look at what key words the public is sticking in to the search engines and how they arrive at my site. Many of you are typing in the above keywords along with “Malibu” hoping to find some info. I can make it much simpler for you!
First you should subscribe to this blog (see below for details on how). Where else are you going to learn about agents posing in Playgirl or houses with 12 price reductions? Second, if you send me an email or call me, I give you the low down on where the deals are at. If you email just send a request with what you are interested in and I’ll get it to you. The link above is your best way to search for foreclosures and bank owned Malibu homes.

If you enjoy information about Malibu Real Estate subscribe to my RSS feed!

If you have no clue what an RSS feed is click here for a quick video giving you the low down.

Click HOME tab for current articles.

Click here for the updated link!

Here is a great contemporary home for sale in Malibu that is an REO. Price is $1,599,000.  Check out the MLS description below. Call 310 699 8428 for more info.
If you enjoy information about Malibu Real Estate subscribe to my RSS feed!

LENDER OWNED. REO. YOU SAW IT ON CBS SERIES “SHARK” (EXTERIOR SHOTS). STRIKING HOME ON ALMOST AN ACRE OF LAND WITH OUTDOOR PATIO KITCHEN, GAS FIRE PIT, AND ROOM FOR A POOL. ASSESSOR STATES 3 BEDROOMS, BUT MOST LIKELY USE IS AS 2 BEDROOM. OPEN FLOOR PLAN WITH GOURMET KITCHEN. CANNOT LAST AT THIS PRICE. MUST BE SEEN. SEE PRIVATE REMARKS BEFORE CALLING.

I got a lot of calls today regarding this property. It is available for showings. Check out the Google Map below.

View Larger Map

Malibu REO

Malibu REO

Call for a showing 310 699 8428
Listed with Joan Shultz  Dilbeck Realtors