Posts

Malibu Real Estate Market Continues Explosive Growth

/in /by

view from Duma Point, Malibu California, USA

Malibu Real Estate Market Continues Explosive Growth

Malibu landFrom the days of agricultural ranching to Surfing USA and today’s growing tech industry, one thing remains constant. Buyers consistently clamor over beachfront Malibu real estate. Malibu’s luxury home market offers everything from oceanfront cottages to palatial estates with stunning views of the Pacific.

SoCal Homes Sell Regardless of Higher Prices

Prices have been going up for six years. Yes, the median home price in Southern California continues to rise. Home prices are setting records. The median price jumped 8.4 percent year-over-year in March 2018. Low inventory causes bidding wars that drive prices up. Residents fight development along the California beaches. This creates greater demand for existing properties.

How Does the Malibu Real Estate Market Compare?

Luxury sales of Malibu real estate spiked in relation to the it overall Los Angeles home market. MansionGlobal.com (04/24/18) underscores the “ultra exclusive Malibu Beach neighborhood, aligned with the multi-million-dollar homes of celebrities and business tycoons.” The publication noted 24 sales during January, February, and March 2018 – up from 6 year-over-year.

Let’s look at Malibu. Money is no issue for wealthy buyers who just want an idyllic setting and their homes or neighborhoods of dreams. Malibu beachfront estate is selling for $110 million – the most expensive home ever sold in Los Angeles County. Another Malibu sale referred to by Mansion Global is a Carbon Beach estate that sold for $85 million.

Certainly, prices like that drive median home prices up! This year, the median price in Malibu was $2.45 million and in Malibu Beach itself, the median price weighed in at $4.75 million. Prices may all even out in the wash though. The average Malibu home sold ended up absorbing a 17.5 percent price cut.

For the Long Haul

Price tags may be inflated. The rate of price hikes may not last long, especially with rising interest rates. So far in 2018, the average 30-Year fixed mortgage went from approximately 4 percent to approximately 4.5 percent. Pretty soon, sellers will notice the need to lower prices to accommodate higher costs for buyers. In Malibu, lower priced luxury properties sell very quickly.

Real Estate Agents – Southern California Homes for Sale

For information about Malibu real estate and luxury properties for sale in Southern California, please call Bob Cumming of Keystone Group Properties at (310) 496-8122.

Exquisite Cavalleri Malibu Real Estate at Point Dume

/in /by

Exquisite Cavalleri Malibu Real Estate at Point Dume

The Residences at Cavalleri showcase exquisite Malibu real estate with fabulous grounds and amenities right off the Pacific Coast Highway.  Reflecting the grand sunsets, the classic Spanish Revival style residences provide a stunning oasis in the fresh ocean breezes.  Gleaming white stucco, Ceilings up to 17 feet, Mediterranean tile roofs and terrace accents, wrought-iron railings, hardwood floors – and crystal-clear views across the horizon – combine to elevate the extraordinary Pacific Ocean and Point Dume setting.

Residents enjoy a low-maintenance lifestyle on the beautiful 10 acres with resort-style amenities.  Grounds feature flowering trees, walking trails, and gardens as it flows around a superb and secluded swimming pool and tennis courts.  Facilities also include a state-of-the-art gym, outdoor fireplace and dining area.  Relax in The Meadow or on The Great Lawn.

Details – Malibu Real Estate on Cavalleri

These Malibu homes purposefully allow for outstanding flow indoors and outdoors.  They are spacious yet private by design.  The properties feature expansive kitchens with Windows and high-end Bertazonni appliances with warm Mesa melamine.  Bright and airy, the bathrooms have large windows, dual sinks, scope several soaking tubs, and high-end fixtures. Prices begin at $1,045,000.

Buyers may tour model homes in The Residences at Cavalleri development.  Additional options are ready to build the eight buildings at completion. Floor plans include:

  • 3-bedroom/3-baths Penthouse featuring 2232 square feet
  • 3-bedroom/3-bath unit featuring 2057 square feet
  • 2-bedroom/2-bath unit featuring 1577 square feet

Spacious and contemporary interiors offer distinctive living in multiple terraces.  For the two-bedroom townhomes, Option A features open living with in Cavalleri and Option C is larger terraces and a master with two walk-in closets plus a spacious kitchen with the breakfast nook as well as a Great Room and adobe fireplace.

Three-bedroom townhomes are available in Option E with three terraces and the Garden Option F with a huge outdoor terrace.  The three-bedroom two story penthouse features a loft with its own secluded Terrace.

Developers

The Residences at Cavalleri is a project by Pacific Eagle Holdings Corporation, a multifaceted San Francisco-based company, in partnership with Lang ham Hospitality Group. Edmonds + Lee Architects bring contemporary, modern architecture and design to the project.  Pamela Burton added the ultimate California landscape design.

Directions

From Los Angeles, take Highway 1012 loss for Las Virgines Road and turn towards the Pacific Ocean.  Continue over the Santa Monica Mountains.  Turn right on Pacific Coast Highway and continue past Canaan Doom Road, which is on the right.  Turn right to arrive at 6487 Cavalleri Road.

Malibu Real Estate Agents

For information about these magnificent Southern California residences, please call Bob Cumming of Keystone Group Properties at (310) 496-8122.

Experience the Beauty of MariSol Luxury Malibu Real Estate

/in , /by

Experience the Beauty of MariSol Luxury Malibu Real Estate

Luxurious, resort Malibu real estate in MariSol features the ultimate oceanfront homes in Southern California. MariSol is 30 miles from Santa Monica and Los Angeles. The new and exciting Malibu waterfront real estate is located on 80 acres atop a bluff where amenities and homes overlook the ocean and surfing beaches.

MariSol is a labor of love and work of art, an idea come to fruition over the past 150 years. Developers of MariSol perfectly complement the powerful presence of the Pacific Ocean with serene and naturally opulent environs. Truly, the setting exults the distinctive Malibu homes and lots.

MariSol Malibu Real Estate for Sale

MariSol resort community features 17 lots. These include 1-acre lots, 2-acre lots, and estate sites. One of the properties is the historic Grand Estate, a 57-acre ranch and vineyard established by the original owner Frederick H. Rindge. Homes feature single-story custom designs and exemplary grain construction. Prices for lots range from approximately $5-$11 million.

Exceptional MariSol Amenities

In a central area of MariSol are wonderful amenities in a gorgeous setting. The Sol of Malibu spa and infinity pool, trails and ponds, tennis courts and a vineyard set the stage for relaxing moments.

MariSol is a garden, restored to its original vegetation after decades of farming. The environs burst with 20,000 native plants and 2000 native trees. The gardens are drought resistant species grown from seeds found on the original property. Mature trees acquired from nearby areas include the coastal oaks and Toyons so familiar to the area. An official Monarch butterfly way station is perfectly at home in MariSol. Stone gathered from the property stacked in walls beautifully anchors the walkways.

The Malibu real estate features a 400-foot greenbelt buffer, added protection against wildfire. Ventura County fire station is next to MariSol also.

Nearby Recreational Opportunities

MariSol is a world of its own were family and friends can find renewal while walking the beach, swimming, fishing and kayaking. The completely restored Malibu Country Club beckons Gulf aficionados.

Directions to MariSol

Approaching from Santa Monica on the Pacific Coast Highway, proceed west to Buena Road. Turn right on Buena and then right on Ellice Street. The Camarillo jet airport is 15 minutes from the properties in MariSol.

View Southern California Homes

To view beautiful Malibu real estate in MariSol and luxury properties throughout Southern California, contact Bob Cumming of Keystone Group Properties at 310-496-8122.