Michael & Heather Gardner

Condos have come down in price and there are so many units on the market that your bound to find a seller who will let one go at a great price. If you are a Pepperdine Parent and have a student heading to school for four years, now would be a good time to consider picking up a unit. There are few great deals out there on beach houses that have been on the market to long and can be purchased at 30 to 50% off the original asking price. Long term, there are few real estate investments as good as a Malibu beach house, especially if you plan on renting out when you aren't using it. There are multiple large estates that were in the $5-$6m range that are now selling in the high $3m to low $4m range. Click here to search for listings.

The Malibu Real Estate blog first brought this house to your attention a few ago and touted it a great buy on Point Dume. It's now being elevated to a "Smoking Deal" after it received a price reduction to $2,090,000. Read the original write up below. 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

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