Home of the week 1.5 Million

According to the agent, this Malibu property offers such serenity, nature, plus land to expand the footprint of the home with great views, charm making this the deal of the week. A bit of a drive but easy to get to this property is a rare offering. Gated 1 story home 2bd/2ba and a covered 2-car garage on nearly an acre with mature landscaping. It is perched upon its own promontory with 270-degree views of both the ocean and mountains. This property is hard to compare to any other and should be  seen. Plenty of room for a pool as well and move-in ready. The close-in location of Corral Canyon, is just past Pepperdine and approximately 8 minutes up from PCH, this is the ultimate retreat to escape the city life.

Sunset Strip new construction

The Sunset Strip new construction was built in 2014. It is a modern 3 story pad with a pool on the rooftop. The foyer has a cascading waterfall and a river rock water feature. Adjoining is level is the home theater a 3 car garage and the elevator. The bedroom level has 2 guest rooms a large master with a well appointed bathroom and dressing room. The listing price is $4,399,000 and was just shown on broker preview this Tuesday.

 

 

Zestimate Home Values

Zestimate home values are terribly unreliable on pricing home sales and home values in general. As a broker I have know this since Zillow first started showing up on the web over 6 years ago. Though this site is accessed by many buyers and sellers alike it is inaccurate in estimating home values. Buyers as well as sellers get confused. I am not surprised. Check out this recent online valuation that was generated on sold listings while I was doing an Comparative Market Analysis (CMA) with my business partner, Phillip Bailey, for a property we will be listing at the exclusive Peninsula Point area of Newport Beach. The sold Zestimates ( Z for Zillow ) are 18% to over 30% off from the actual closing price.

Zillow Valuation 11 2014

Location, interior finishes and views can not be put into a formula. It still takes a professional agent or broker to do it right! Contact me for an evaluation anytime. I hope you had a great Thanksgiving.

Ultimate Bluff Estate Site In Malibu

 

Cliffside view

This ultimate bluff estate site in Malibu is the best view I have seen in Malibu. A client had asked me to take some additional photos. It will come up for standard auction not a foreclosure action soon. Opening bid is $9.55 Million. The land is 59,563 sqft with 200 feet of bluff. The house needs to be remodeled, if not constructed new, but this view is worth the time and effort. Listed by WEA.

Malibu luxury rental the Sopranos would have loved

Just saw this Malibu luxury lease listed for $50,000 on open house. It is an Italian Villa in the Winding Way area of Malibu with over 9000 sqft of living space that the Sopranos would have chosen as their West Coast residence. Besides the 5 bedrooms and separate large guest house, it has a large wine cellar, plush movie theater, game room, 3 wet bars, huge flat lawn and multi-level outdoor entertainment areas with ocean views. This is a Sotheby listing.

John Lautner house in Malibu

This John Lautner house in Malibu was recently listed for $15 Million. It is a 3 bedroom 4 bath home of nearly 4000 square feet with a pool, tennis court and path to the beach. The setting mirrors a tropical enclave that has been landscaped to follow the natural terrain. Stepping into this home just fills you with tranquility. This is one of my favorite Malibu properties. Listed by Scott Brokers.

Probate in Santa Monica for $1.550,000

This probate listing in Santa Monica is on 22nd Street between Idaho and Washington looks like a good buy depending on what you want to do with it. Built in 1938, this one story 3 bedrooms 2 baths is on an almost 8000 sqft lot with a free standing garage. Every listing North of Wilshire has been selling very fast and usually over 2 Million. This is listed by Advantage Real Estate.This is pretty much a a tare down but I like the street because it is not a through street with traffic like 26th or 14th or 7th are.

Interested in a ocean view lot?

This ocean view double lot  in the Pacific Palisades were just listed by Edward Jesman Realty  for $499,000. It consist of 2 smaller 3750 sqft lot that are next to each other and are perched above Pacific Coast Highway very close to Sunset. It last sold in 2002. Best use is to build one larger home on it. Geology reports are on file.