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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.
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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.

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Malibu REO

Malibu REO

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

There are currently 71 condos for sale in Malibu with prices ranging from $439,000 to $4,500,000.

Only 14 have sold in the last 4 months.

7 of the 14 sold had sales prices above $1,000,000

One notable sale, a condo on Malibu Road sold for $5,325,000.

Over half have had price reductions in the last 120 days.

Tips for finding a great deal on a condo…

Look for listings that have been on the market longer than 6 months.

Find units that have been purchased as rental units and are vacant.

Find sellers that consistently reducing the asking price on a regular basis.

Make sure you have an agent that will present the offer in person!