Michael & Heather Gardner

This is the biggest price drop I've seen in the Malibu Real Estate market, ever. Starting out $39,500,000, this ocean front property has been chopped to $21,500,000 in 4 short months. That's an $18,000,000 chop in 120 days! The home is located just south of the Paradise Cove pier and was recently remodeled.

Here's the MLS description...... ONE OF MALIBU'S SPECIAL GATED BLUFF & BEACHFRONT COMPOUNDS OVERLOOKING DESIRABLE PARADISE COVE. NEWLY COMPLETED & OFFERING A SEAMLESS TRANSITION BETWEEN INDOOR & OUTDOOR LIVING & ENTERTAINING IN A CASUAL, YET DRAMATICALLY ELEGANT SETTING. PROPERTY FEATURES: A SPECTACULAR MAIN HOME W/ OCEANFRONT INFINITY POOL & SPA, GUEST HOUSES & BEACH PAVILION ON APPROX. 81' OF SANDY BEACH FRONTAGE. APPROX. 2.4 LANDSCAPED ACRES IN TWO PARCELS, WITH LIMITLESS COASTLINE & OCEAN VISTAS. THERE IS NOTHING LIKE IT!!

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Click this link to be taken to an MLS search for all beach houses in Malibu.The user id is x55032 and the password is beach

Listed with Ellen Francisco/ Coldwell Banker

ow can two Malibu beach houses, similar in size, beach frontage, and condition, located on the same road , AND just a few lots away from each other be priced $5,ooo,ooo or more apart? Answer: Beach Depth. Take the example below in the photo showing the Malibu Colony. There is one section "within the gates" and one section "outside the gated" on Malibu Road. Notice the houses on the beach in the Colony that have wooden sea walls with stairs leading down to the sand. At high tide there will be no dry sand and a few waves might even bounce of the wall. Now take a look at the section where there is 20-60 feet of depth to it with dry sand. In this photo you can see where the last high tide came up to and how the residents of this section still had a dry sand beach to enjoy. That's the big difference and what can affect the price, in the millions, for a Malibu beach house.

Here it is! Parcel 130 at the Hollister Ranch for sale at $10,995,000. 115 acres with stunning 5 bed. main house, barn, and guest house. Contact me for details and showings. www.hollisterranch130.com

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 . If you enjoy information about Malibu Real Estate subscribe to my RSS feed! If you don't have a clue about RSS Feeds click here for a simple video explaining it. 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

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