Malibu Short Sales Listings and Information September/October 2011

Malibu currently has 22 Active Short Sale Properties for sale including Single Family Homes, Condos, and Land.  Prices ranging from Malibu Land offered at $150,000 for 2 acres w/ ocean view and plans for a 5,200 sq. ft. home, to a Malibu House for sale at $3,850,000 which is an ocean view Tuscan estate w/ 5bed/5bath and pool.  See Photos of Malibu’s Short Sale Listing Below…

General Short Sale Information:

What is a Short Sale listing?  The owner of the property has listed the home in an attempt to sell the home for less than what they owe to the Lender.  Once the Seller accepts an offer, then the Seller will present it to the Lender in hopes of an approval.
How can a Short Sale benefit a Buyer? A Buyer can get a great deal on a property, as the Seller is not concerned with what price the home sells for, but for what price the Lender will accept to release the Seller from their financial commitment.
How long can a Short Sale Approval take?  This greatly depends on the Lender(s).  A Buyer can expect to wait a few weeks to a couple of months for an approval.
How long will it take to close a Short Sale?  This greatly varies depending upon the Lender(s).  A Buyer can expect a short sale to close anywhere from 3-9 months.
How does a Short Sale benefit the Seller? The Seller can be released from the loan commitment.  The Seller can avoid a “Foreclosure” on their credit history.
Short Sale Vs. Foreclosure Follow these links for more information…
Short Sale Vs. Foreclosure Info
Foreclosure Vs. Short Sales California

Currently Active Malibu Short Sale Listings…

6390 Meadows Ct Malibu, CA  Ocean View Tuscan Estate w/ Pool 5b/5.5b $3,850,000    Just Listed 9/19/2011 (310)880-8977

Listed w/ Rena Braud Oates, Keller Williams

6029 Latigo Canyon Malibu, CA $1,450,000 3b/2b Adorable craftsman beautifully landscaped on just over 3 acres. (310)880-8977

Listed with Tony Mark Prudential

3000 Sequit Dr. Malibu’s Stately Ocean View French Country Beauty 4bed/3.5bath plus guest suite.  Aprrox. 3,650 sq.ft.  Maybe the best deal in Malibu! $1,325,000. (310)880-8977



Listed w/ Bobby Lehmkuhl of 4 Malibu Real Estate Partners

20450 Pacific Coast Hwy Malibu’s Oceanfront Close-In Best-Buy $1,250,000 3b/3b.  Transform this Oceanfront gem into your dream home! (310)880-8977

Listed w/ Bill Kelly Pritchett-Rapf & Associates

6451 Zuma View Pl #116 Malibu Spacious 3b/3b Townhouse Marble floors, granite counter-tops, garden patio, community tennis, pool, and exercise room in gated complex.  Approx. 2390 sq. ft. Ocean View.  $900,000 (310)880-8977

Listed w/ Cathy Wood, Gibson International

11928 Whitewater Lane Malibu Escape to Oceanside Living 2b/2b Ocean View condo in West Malibu at the Malibu Bay Club $525,000 (310)880-8977

Listed w/ Marty Azoulay Re/Max

26349 Fairside Rd. Malibu Ocean View Lot w/ plans and approvals for a stunning Architectural. $485,000 (310)880-8977

For more information on Short Selling your home, or buying a Short Sale in Malibu, call Katherine at (310)880-8977.

Short sale information is deemed to be accurate, but is not guaranteed by agent or Broker.  See Sources: *  http://www.short-sale-vs-foreclosure-help.com/SS_vs_Foreclosure.html, http://www.themls.com

Best Value on Malibu Rd. 50′ Beach Frontage Open House Sunday 1-5pm 9/18!

25152 Malibu Rd. Malibu, CA 90265 Open House Sunday, September 18, 2011 1-5pm

This Malibu Rd. Beachfront home with 50′ of frontage offers some of the best views of the Pacific with a unique sunroom which jets out for wrap-around ocean views spanning from Point Dume to beyond.  Recently priced at $6,850,000, they have reduced to $5,950,000 making it the best value on Malibu Rd.  The home offers 5Bed/5.5 baths.  The main level has the master and 2 guest beds, then you have two guest apartments above that can be used as rentals.  4 car garage parking available with space for 4 more cars behind.  With a neutral Mediterranean style, this home could easily be made your own with some personal touches.

Come out and take a look this Sunday September 18, 2011 from 1-5pm!

For a private showing call Katherine at (310)880-8977

Listed with Dan Dillon and Jeff Chertow Pritchett-Rapf & Associates

Carbon Beach $22,000,000 Malibu Beachfront Mansion AUCTION in 6 days!

CNBC this morning, is covering the upcoming Auction of 21804 Pacific Coast Hwy, Malibu.  This Carbon Beach beauty, if it sells on the scheduled auction date, September 18, 2011 at noon, could be the most expensive home ever sold in the United States.  On the news clips they were saying that it is not a distress sale.  Apparently, this Auction is just a marketing tool.  The home was previously priced at $65,000,000, then reduced to $35,000,000, and now the auction starting bid is $22,000,000.  Carbon Beach is also known as “Billionaire’s Beach” with neighbors such as Jeffrey Katzenberg of Dreamworks, and Larry Ellison of Oracle.  This Cape Cod style home built in 2005, offers approx. 150′ of beach frontage, 6Bed/9.5Bathrooms, 10,480 sq. ft. of living space, a 75′ oceanfront private lap pool, 4 fireplaces, Library, movie theater, gym and more!  This property is a real Landmark.

If you have interest in bidding on this property, and want more information, call Katherine at (310)880-8977.

Listed with Carol Bird of Coldwell Banker, and Anthony Fitzgerald of Premiere Estates Auction Co.

Info and photos by MLS.  MLS info is deemed to be accurate but is not guaranteed by Broker, or agent.

Malibu Open House Sunday 1-5 $500,000 Reduction! Beach Key!

Imagine waking up, jumping in the golf cart with your surfboards, or stroll down with your Riviera II beach key to spend the day by the ocean.  This great buy on Point Dume is OPEN Sunday September 11, 2011 from 1-5pm.  The price was just dropped $500,000 in August.   Considering it is over 6,100 sq. ft. w/ 6 Bed/5  Bathrooms with 3 car garage w/ guest house above, situated on over a 36,000 sq. ft. lot, its a good value compared to recent sales.

Was $4,500,000, Now priced at $3,999,000!

Call me for more information, or to schedule a private showing (310)880-8977

6805 Wildlife Rd. Malibu, CA 90265





Listed with Michael Cunningham of Pritchett-Rapf & Associates