The Malibu Real Estate Blog » short sale

Don’t Even Kid…Point Dume Home for $1.3m Short Sale

Malibu Real Estate — Wed, 16 Nov 2011 16:11:07 +0000

A Point Dume home just hit the Malibu real estate market at the unbelievably low price of $1.3m and get this….it has good ocean views and a beach key! Say what? Yeah, you heard me, it’s got the goods. So here is the low down. The house is seriously outdated. It’s got that funky 70′s vibe and you wouldn’t even question me if I jokingly told you it was once used to film the show CHiPs. Officer Francis Ponch Poncherello would like this place. One more thing to mention….it’s on a flag lot sandwiched between several homes and there isn’t a whole lot of yard.

Here’s the good part. It’s a short sale. Someone is going to score a great deal. That is one hell of a low price and I’m not sure there will ever be another home on the Point Dume in the low $1m’s that has a beach key and a view. The home is currently rented at apprx. $4500 per month and in the past it has been as high as $5800. The home is an ideal investment property especially with a tenant who’s lease runs in to the middle of next year. There is also some new carpet, new paint, and a repaired deck. The bones are good and the whole thing could probably be remodeled in to some sort modern structure.

Call for a showing…..this one will go fast! 310 699 8428

Malibu REO Bank Owned Short Sale Update

Malibu Real Estate — Thu, 28 Apr 2011 16:16:42 +0000

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.

Current Malibu Foreclosures Bank Owned List

Malibu Real Estate — Wed, 02 Feb 2011 19:09:02 +0000

Created Wednesday 11:03AM Email Me to get all properties in Malibu on my Bank Owned/ Foreclosure/ Short Sale list. There are 40 right now within the Malibu real estate market. You can run your own reports anytime on the link above called Foreclosures.

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For seriously straight talk about actually buying or selling a home in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

Malibu List of REO, Bank Owned, Short Sales At 15 Now.

Malibu Real Estate — Thu, 14 Oct 2010 14:47:09 +0000

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

The Best Bank Owned Home For Sale In Malibu?

Malibu Real Estate — Thu, 07 Oct 2010 15:53:31 +0000

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

Incredible Malibu Home For Sale Heads For Auction

Malibu Real Estate — Sun, 11 Apr 2010 15:44:53 +0000

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. My bet is the house will likely go over the opening bid of $1.9m but someone is still going to get a great deal. I’m guessing the house will sell around $2.8m to $3m. That would be a great buy in may book! The house has ocean views, is surrounded by mature trees on roughly one acre, and even has a guest house. The house can be seen every weekend up until the auction date. Call me for details about how this auction process works and for a showing. Mike Gardner 310 699 8428

The Highest Priced Bank Owned Home in Malibu?

Malibu Real Estate — Fri, 26 Feb 2010 03:52:34 +0000

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.

List of Malibu Real Estate Distress Homes For Sale Available Upon Request

Malibu Real Estate — Wed, 23 Dec 2009 16:51:20 +0000

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.

Malibu Real Estate Update. Short Sales, Reo, Bank Owned, Foreclosures!

Malibu Real Estate — Sun, 13 Dec 2009 15:59:06 +0000

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
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Smoking Deal on a Point Dume Condo with Beach Key. Bank Owned. Surf Report From Your Living Room!

Malibu Real Estate — Sat, 21 Mar 2009 22:37:50 +0000

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