Summer sales in Malibuy Rick Wallace / Special to The Malibu Times
From the top of Latigo Canyon to the shores of Las Tunas Beach, from Broad Beach to Tuna Canyon, these are the most recent sales in beautiful Malibu this summer.
The buyers for homes in Malibu Cove Colony just keep on coming. Most recently, a newer home at the east end sold for just under $4 million. Cove Colony has had the biggest rate of turnover of any neighborhood in Malibu the last year or two. Another home, with a short market time, brought $2.6 million in June.
Very recently closed was an escrow involving a three-bedroom home on Carbon Beach, selling at the general average price for the beach, $2,850,000 for 50 feet (width of beach front property).
Two glass contemporary artistic style homes in shaded surroundings have found new owners. One, in Latigo Canyon, included a pool, for $760,000. Another, located downstream in Sycamore Park, was a unique two-bedroom home that sold for $875,000.
Two Tuna Canyon homes in the Saddlepeak area have sold for more than $1 million each. Both homes had multiple acres and 3 bedrooms, and both improved on sale prices from recent years for the same homes.
A larger Mediterranean home in Malibu Park was on and off the market for many years, but sold recently for almost $1.5 million. It has less than an acre, but is close to the beach, with six bedrooms. Also in Malibu Park, a two-acre estate with a tennis court and pool, five bedrooms and an ocean view was just reported closed in the MLS (Multiple Listing Service) for almost $2 million.
Nearby, a hillside home with a pool and three bedrooms sold for $1.1 million. Two other sales in the area: A cottage on about 1-1/2 acres of gently sloping land sold at just above $800,000, and an architectural home with a guest unit on less than an acre with an ocean view sold at $880,000.
Two new estate villas in a newer subdivision of Malibu Park had recent sales just over $2 million and at $3 million.
With about one-and-a-half acres and an ocean view, a Kanan area home sold for $1,440,000. Nearby, another home had its fourth sale in eight years. The last one was at about the same price as the year 2000 deal of $1,150,000.
In the highest reaches of Latigo Canyon sits a large marble Mediterranean estate on five acres with a pool and superb top-of-the-mountain views. It sold for more than $1.8 million.
A brand new home in the Cavalleri area, on a new street, has sold for nearly $1.5 million. It lacks an ocean view but features about an acre of land.
On Las Tunas Beach, a three-bedroom home brought one of the highest prices ever for the beach, selling in May for $1,800,000. Another nearby home on 30 feet of beach sold for $1,650,000.
In Decker Canyon, a three-bedroom home with under an acre closed escrow in July for $450,000.
A newer home in the Winding Way area included a pool with four bedrooms when it transacted in May for almost $2.6 million. Separately, a resale of another home in the same area, bought for $1.5 million two years ago, netted that owner almost $400,000 more. The home had two acres and a terrific ocean view.
The only published sale in the MLS so far this year in Malibu Country Estates was an ocean view cul-de-sac home with three bedrooms, selling at $1,125,000 in the spring.
Corral Canyon home sales of late have landed at $415,000, $450,000, $685,000, $455,000, $487,000, $766,000, and $552,000 for both parts of the canyon.
Five bedrooms and a good ocean view in La Chusa Highlands was worth nearly $1.2 million. Another property nearby, on a private gated knoll with over an acre and a six-bedroom home, sold for just under $3 million.
Out at County Line Beach, a four-bedroom, two-story con-temporary home was bought for $2.4 million.
A typical older, original Point Dume house with three smaller bedrooms and some ocean view has sold for more than $1.1 million. The property had about an acre, virtually all usable. Another home on the Point, with an unobstructed ocean view on a flag lot, sold for $1.7 million, more than double its price in a 1997 sale.
A contemporary home in the Rambla Pacifico/Hume area sold quickly for $965,000. It had a superb ocean view and was a rebuild from the 1993 fire. It featured three bedrooms on less than an acre, hillside.
An ocean view home in La Costa Hills has closed escrow recently for more than $1 million. The same home was one of the first in the neighborhood to break $1 million, in 1998. The house has four bedrooms and excellent views to the west. Down the hill, on landside Pacific Coast Highway/La Costa, a three-bedroom home closed at $715,000.
Trancas Highlands was the site of a $1.3 million sale in July. The home had about two acres and a guesthouse.
The most recent sale in Sea View Estates involved a home with a pool that sold for $765,000, $200,000 more than when it sold in 1995, at the bottom of the market. Two other homes, side-by-side, sold for $650,000 and $670,000 in the same week during the spring.
Two bedrooms on Las Flores Beach, with 40 feet of sand, was worth $1,260,000, after a long time on and off the market.
A celebrity property on Broad Beach got full price at just under $9 million. Another full-price sale on the same beach was at $5.25 million.
Rick Wallace of the Coldwell Banker Company has been a realtor in Malibu for 13 years. He can be reached at RICKMALIBUrealestate.com.
