Malibu Beach Front Sales

Malibu beach front sales in the first 4 months in 2015 have ranged between $10,383,000 and $2,055,000. A total of 6 sales were published in the MLS. The high sale, located at 23560 Malibu Colony Rd. was within the Malibu Colony gates commonly known as number 66. It was a modern house on 3 levels measuring around 3800 square feet with 5 bedroom and 5.5 baths. The home had been on the market, on and off, since September of 2011 and started out with a listing price of $16,000,000.

Another beach sale, up the road from Malibu Colony and toward the end of Malibu Rd.,was a 4 unit building that had not been on the market for over 30 years. It sold for $5,600,000. On the market for 6 months. It had been originally listed at $6,850,000.

25006 Malibu Road sold for $7,700,000 and was completely remodeled in 2005 by one of the local builder. It was a small compound with an inner courtyard and had a guest unit at the garage level. The house itself had 3 bedrooms and 2 baths. 2,520 square feet was the published size of the home. The sale in 2006 was actually much higher and closed at $9,300,000. The actor Dennis Weaver owned the house in the early 90’s and then it had a Hawaiian flair.

The sales data is provided by The MLS.

Court Decides in Favor of Malibu

Court Decides in Favor of Malibu, Upholding High School
Sports Field Lights 

(Malibu, CA) – L.A. County Superior Court Judge Richard Fruin ruled on Tuesday, February 17 in favor of the City and the Santa Monica Malibu Unified School District (SMMUSD) in two lawsuits over the permitting of Malibu High School’s athletic field lights, allowing the lights to remain in place.

“Local school athletics is a big part of the life of our town and so are dark skies,” said Mayor John Sibert, “the City imposed restrictions on the lights in an effort to balance those interests. We are pleased that the court did not disturb our decision.”

Two lawsuits were filed against the City over the Coastal Development Permit (CDP) issued to SMMUSD to install permanent lighting for limited use on Malibu High School’s athletic field. One suit was filed by the Malibu Township Council (MTC) and a resident group, and the other by Cami Winikoff, Steve Uhring and a group formed to oppose the lights called the Malibu Community Alliance. MTC dropped out as a party early on but both lawsuits went to trial with the remaining plaintiffs.

SMMUSD requested the permits to install the lights after a group of residents formed The Shark Fund and raised the money to pay for the project. A lighted field is necessary to compete in certain levels of inter-school athletic games. The lights were installed in late 2012 after the Court turned down the plaintiffs’ request for an order preventing installation. The City issued the permits allowing permanent poles and removable light bars, but limited their use to 45 nights per year until 7:30 PM, and 16 nights per year until 10:30 PM.

The lawsuits challenged the City’s compliance with the California Environmental Quality Act (CEQA), claiming that the lights would have adverse health effects for surrounding residents and that the lighting project should be considered together with Malibu High’s larger remodeling project. That project is currently pending before the Coastal Commission due to the plaintiff group’s appeal.

The lawsuits also challenged the City’s handling of the application because the City Council considered SMMUSD’s application without the ordinary decision from the Planning Commission, after the City determined that three of the five Planning Commissioners had interests in the application that disqualified them from the application.

In a 15-page ruling, Superior Court Judge Richard Fruin said that he found all of the plaintiffs’ arguments “legally unavailing” and he found that the Planning Commission had acted properly under the circumstances by deciding to pass the application on to the City Council.

The plaintiffs argued that the Planning Commission had an obligation to decide the application which could be appealed to the City Council; but the Court stated that the Planning Commission was right not to “hold a useless, indeed farcical, public hearing and conduct a vote that everyone would understand was only for the purpose of permitting an appeal to the final decision maker.”

Malibu Beach Off-Season

Malibu beach in the off-season is something you will get to experience and enjoy when you move to Malibu.The traffic is diminished on Pacific Coast Highway, our main road that gets us to work, to school, to the shops, cafes and the beach.  I recently decided to have breakfast at 8 am during the week I got to enjoy this great beach experience.

 

 

 

 

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.

Malibu Beach House Deal $7.45M

I have always liked this Malibu Beach house on the upper Broad Beach bluff with beach access within steps from the front door. Originally built in the 80’s by a Malibu Real Estate agent and her husband for their on use, it was even then built with quality finishes. From the street level past the 3 car garage, you enter a lush landscaped inner courtyard with pool, spa, and a beautiful guest house with high ceilings and a wood burning fireplace. The main house opens to a bluff view south facing ocean view patio. Though the home is just over 3,300 sqft. the high ceilings make it feel grand. Beautiful interior finishes makes this a real deal! My pick for this weeks Broker Caravan. Listed by Coldwell Banker West.

For sale on the beach

For sale on the beach is this home in Malibu. It has not been on the market for 27 years and is a tri-level home with a ceiling height that cannot be duplicated by current beach front height limitations. Though the records show that the property has only one bedroom it actually measures 3218 square feet (as per tax records) and has 3 levels of living space. A good designer will be able to create a stunning residence for the future buyer. Located in Malibu on La Costa Beach which is West of Dukes restaurant and south of Carbon Beach in Malibu where the Malibu pier is located. A rare find well worth the $8.5 Million it is listed at by Prudential Malibu Realty.

Malibu Guest House For Rent

Malibu Guest house available on Point Dume.  This 1 bedroom, 1 bath, has been  completely remodel with all new appliances, new flooring and even a private side yard for tenants sole use. There is an additional patio area with plenty of room for your own outdoor table, chairs and umbrella. Utilities are included, just hock up your cable and telephone. Long term lease preferred $2750. This cottage is located on a gated private estate near shopping, banks and restaurants. A quick drive down the streets gets you to Zuma Beach. Easy to see vacant.

 

Malibu Celebrity Beach Retreat

This Malibu celebrity beach retreat for sale is on Malibu’s widest and longest stretches of beach has never been on the market before. Built-to-suit by it’s owners, the Cape Cod mini estate was built to entertain close friends in an intimate setting.

As you enter through an tall gate built with privacy in mind, you walk along a shaded path to the side of the garage. Above this garage is a large guest house with pitched ceilings, brick fireplace, country kitchen, a spacious bath and a large ocean view  deck. Just beyond the garage with room for an extra long limo,  is a garden with a fountain and ample area to entertain family and friends.

As you enter the residence you walk to the living room through Dick Martin’s old office with the kitchen and dining area to the left.  The living room has intimate seating and a fireplace.  Beyond it,  you step out to the beach front patio with lounges and tables for dining outdoors, followed by a walkway between succulent covered sand dunes, and the beach beyond.

The upstairs is solely dedicated to a masters suite with an elevator access to the beach. Listed by Phil Bailey & Melanie Berlind and Co-listed with B. Hayward at Coldwell Banker.

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.