Broad Beach, Malibu - California Copyright © 2009 Penn Properties.  All Rights Reserved. 07/01/2009

Actor Leonardo DiCaprio has sold a bluff-top contemporary in Malibu that had been listed at $7,999,000 The main house has two bedrooms and two bathrooms in 2,374 square feet. Walls of glass frame ocean views in the living room. A guesthouse has two one-bedroom suites, and a stairway leads to the beach. DiCaprio, 34, put the property on the market in mid-November. He purchased it for $6.35 million in 2007, according to public records. The three-time Oscar nominee has the lead in the upcoming thriller Shutter Island, scheduled for October release. Last year, he starred in Body of Lies and Revolutionary Road and was ranked as the fifth-highest-paid actor in Hollywood by Forbes magazine. Among his acting credits are Blood Diamond (2006), Catch Me if You Can (2002) and Titanic (1997).   To ... 06/20/2009

Wake up to happiness in this Bank-Owned, 3BR/3BA ocean and canyon view home. Traditional-style with ocean breezes. Featuring wood flooring and vaulted ceilings with a fireside comfort in the living room with views of the ocean. Beamed ceilings, built-in bookcases, comfortable large bedrooms and handsome counter tops with a skylight in the kitchen. Elegant sensibility and charm! Work in progress - paint, sinks, light fixtures, cabinets and sales clean.  For more information regarding foreclosures, bank owned and short sale properties on the Westside, call me at 310-614-6106.  Subscribe in a reader 05/18/2009

Clean Water Program The City of Malibu, along with surrounding cities and the County of Los Angeles, is proactive when it comes to protecting the quality of our water. Under the National Pollution discharge Elimination System (NPDES)* permit program, the City is working at cleaning up the source of pollution that enters through our storm drains. Clean Water Program - Frequently Asked Questions(PDF format - 569kb) Up-to-date information on the City's efforts, including partnerships with County, State and private stakeholders, to ensure optimum quality in our local water resources Click Here to Download the Adobe Acrobat PDF file viewer Guidelines for ResidentsOur everyday activities have an impact on water quality. [more] Requirements for Developers and Contractors Information for requir... 05/13/2009

Be ready for this influx of foreclosure activity, the moratorium has expired with a few exceptions. For those looking to invest in real estate, stay prepared and get your finances ready to make that move. We represent investors and they are looking for those ready to perform when considering an offer. Have all your ducks in a row and you will be rewarded over those less prepared. For more information please email bobby@4Malibu.com or call (310) 365-7696. www.4Malibu.com Lenders Step Up Foreclosures As Moratoriums Expire By Carrie Bay Foreclosure floodgates may soon give way as the nation's leading mortgage lenders lift their recent foreclosure suspensions and move those borrowers that are ineligible for federal programs on through the property repossession process. According to a Wall S... 05/07/2009

I just wanted to share this information to our agents and brokers. This market is starting to see a turn for the better. We have a few clients already taking advantage of this real estate market. Stay tuned and get on board, there are some tremendous investments here in California. I believe more wealth will be created when this market is peaking more than any other time in our history. For more information please email bobby@4Malibu.com or call (310) 365-7696. www.4Malibu.com Bobby Lehmkuhl   Market Commentary Interest Rate Trend: UpRisks Favor: Lock in RateThere is a record $155B in Treasury Notes and Bills being auctioned off this week as the government continues to pay for the various stimulus programs designed to pull the nation out of the current recession.  Last week the governme... 05/07/2009

The skinny!Prices range from $700k in Coral Canyon  to $6m on the beach at Sea Level near Broad Beach. Send an email and I'll send the current list.Here is a 6000 + sqft. homes for a $3,150,000!  That's about $500 /sq.ft.......a great deal in Malibu! Call 310 699 8428 or email for details. E-mail Me!Check out past articles on Reo, Bank Owned, Short Pays.Article 1Article 2 Listed with Shirley Sherman / West Side Estates 04/24/2009

Over the last few weeks, I have met quite a few people who are new to LA and are trying the city on for size as they pursue their dream careers! LA is definitely a great place to try new things, experiences, and ways of life! With that being said, not everyone is ready to make a long term commitment with a year lease. Whether you are out here for a short term project or just testing the waters to see if this is the right place for you to be, I can hook you up with a variety of short term housing options to meet your needs. Typically short term rentals are priced higher than those that require a year lease, as it can be tedious for landlords to find new tenants every few months. For all you rich kids needing summer beach rentals, now is the time to start securing your leases for Malibu b... 04/24/2009

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 04/14/2009

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 mo... 04/14/2009

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 COASTLIN... 02/22/2009

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 di... 02/22/2009

As If you are driving on the Pacific Coast Highway from Santa Monica heading north the first prominent Landmark you see is this great Villa on a high promontory. Oil magnate J. Paul Getty had his ranch house on this bluff overlooking the Pacific. This Malibu Villa was modeled after Villa dei Papiri in Italy.  If you are visiting Southern California and are heading out to Malibu to see the beautiful coast, I suggest you take time out from site seeing and drop in to the Getty Villa. If you are a local resident and have not been there due to the "remodeling" you have no excuse. They finished it two years ago. The Villa is perched on top of a hill, so if you came to see Malibu what better place, then from the Villa. If one of the richest men who ever lived felt this was a great place to bui... 02/18/2009

Easiest way to instantly increase the value of home?  Apparently, all you need to do is have an A List celeb move in!  Now I know that Brad Pitt has his hands full with SIX kids, so he probably doesn't have a lot of time on his hands to watch TV or read the news.  So I guess it IS possible that he totally missed what has been going on with CA housing prices in the last couple of years.  Actually, Zillow's real estate market reports show that Malibu, where Pitt lived, is indeed posting increases in home prices. The Zillow Home Index from Q1 2009 over Q4 2008 showed an increase of 9.3% and Q1 2009 over Q1 2008 increased 3.4%.  What does this mean for Pitt's home?  He bought the home in 2005 for 8 million.  He just put it on the market for 18 million!!!  10 million appreciation??  I guess ... 02/04/2009

Winter 2009 Story Times at Malibu Library Starting the week of January 12, 2009Session will run 9 weeks ending March 12, 2009 Tuesdays 10:45 am - Baby Story Time A lap-sit program of stories, rhymes, bounces, music and movement for infants ages birth-18 mos. One adult per baby, please!Tuesdays 10:00 am - Toddler Storytime - Stories, rhymes, bounces, and movement for ages 19-36 mos.Thursdays 4 pm - Preschool Storytime - Books, rhymes, movement and art activities for ages 3-5.No registration is needed. All story times are free.    NCAA Men's Basketball The Pepperdine Waves vs. The Gonzaga Bulldogs Thu, Jan 22, 6 pm - Pepperdine University, Firestone Fieldhouse, 24255 PCH Experience NCAA Division I Basketball locally. Come out and bring the family to cheer on Pepperdine's Men's Basketball ... 01/22/2009

Wednesday, January 14 Native American Cultural Resources Advisory Committee Regular Meeting City Hall - Large Conference Room23815 Stuart Ranch RoadMalibu01/14/2009Time: 6:00 p.m.Contact: Tracey Rossine, Administrative Assistant 310-456-2489 x374   Meeting Agenda Malibu Beach, California is a wonderful place to live and raise a family. From the cool ocean breezes to the eclectic restaurants and bars, there is entertainment for everyone. To preview the finest Real Estate in Malibu, Pacific Palisades, Beverly Hills, Santa Monica, Century City, Hancock Park, West Hollywood, Marina Del Rey, Brentwood, Bel-Air & Westwood please visit our website. Please contact us with any questions regarding selling your home or buying a home.Westside home Search 01/14/2009

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 ... 01/07/2009

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... 01/07/2009

I have had an overwhelming response after this house first appeared in my blog and then in the LA Times. I have scheduled several showings between now and New Years Day and will show it anytime. Get on this because it's a great house and the bank will want to move it. Call 310 699 8428 Just got back from a showing. Here is the Low Down..... The home is located up Las Flores Canyon roughly 2.3 miles. See Google Map There is ocean view. Not Huge, just a wedge, but there. Is it a fire zone? Yes, but I would say that about 95% of Malibu. It is on the Eastern or Southern end of Malibu. Apprx 2002 sq.ft. About 20 minutes to Santa Monica. The landscaping is great and most of the property has been used for grass, hardscapes, bbq area, fruit trees, etc. The house is three levels. Top is master b... 01/07/2009

Of all the Malibu neighborhoods, Point Dume has always been one of the most desirable places to live in. There are private beaches, a great elementary school, and a genuine sense of community. Here are two great homes for sale on "The Point". Call 310 699 8428 for showings. From the MLS Charming spanish residence located in a great neighborhood in Point Dume. Massive frontage on 1.61 lush acres. New kitchen with top of the line appliances opens up to living room and dining area. Awesome green belt and mountain views give this property an expansive and wide open feeling. This 4bd home has high ceilings, gorgeous wood and tile floors, and large courtyards. Priced to sell! Private Deeded Beach Rights included! Listed for $2,975,000. [caption id="attachment_468" align="aligncenter" width="4... 01/07/2009