The Last Two Weeks in Malibu: Days on Market, Median Price, & Number of Listings

Photo Friday!

Photo Friday: 21804 Pacific Coast Highway

21804  Pacific Coast Highway is a magnificent property listed with Malibu's omnipresent luxury real estate agent Chris Cortazzo that is being auctioned on September 18th with a measly starting bid of $22 million.  With the original asking price of $65 million, this is a bargain!  I guess.  MSNBC did a story on this, saying it may be the priciest home ever sold on auction.  It is part of an increasing trend of homes being sold for auction, which almost guarantees a sale.  Look at that pool!

Property of the Week: 6240 Tapia Dr. #E

Property of the Week: 6240 Tapia Dr. #E: $875,000

 Opportunity knocks only once. This light and bright 3 bedroom, 2.5 bath condo features handsome hardwood floors, barbecue area, and extensive patio. Ideal location and tastefully updated! Great complex includes pool and owner may join Malibu West Beach Club with private parking, area to keep your beach toys and a beautiful sandy beach.  Pet friendly!

  

For more details, contact Sarah Ribnick Kosasky at sarah@areteestates.com or by phone at 424-235-0143.

Photo Friday

For Photo Friday, here is a picture of our property at 20558 Pacific Coast Highway, also known around here as "The Dolphin House."  I took this on the first day of summer.

In Malibu news..

http://www.elledecor.com/celebrity-homes/articles/courteney-cox-s-private-retreat
In this article in Elle Decor, Courteney Cox opens up her Malibu home, getting into the nitty-gritty of every minor design detail--down to the mixing of paint to create the perfect color for the tennis court.  That kind of neurotic precise exactitude screams Monica Gellar to me, maybe Friends wasn't entirely fictional.  I've yet to find out where this Malibu home is located, I'm guessing it's somewhere with a private beach because she complains that her last house was on a public beach littered with paparazzi.  In any case, her exactitude has resulted in the completion of a stunning home--she must have a good eye for this kind of thing.

Property of the Week: 5757 Trancas Canyon Rd.

Property of the Week: 5757 Trancas Canyon Road

Sustainable modern living in Malibu, designed by renowned artist Douglas Busch. 360 degree views of the ocean, mountains, and canyons. Water features flow around the studio/office, guest house and roofs of the main residence. The 10 acre, computer controlled, compound was constructed using sustainable materials, steel and glass, steel troweled concrete exterior walls with accents of epay wood, a Koi and turtle pond a zen garden, drought tolerant landscaping imported from around the world. Solar heated resort size pool and pavilion, breathtaking roof top water features. A must see for your client who desires the most amazing sustainable residence in Malibu! Offered for sale at $9,495,000.  Visit www.sustainablemalibu.com to schedule a showing.

Illustrated Market Update

The Weekly Market Update!

Malibu

5861 Bonsall Dr. has been SOLD!  In Malibu for $1,395,000 after spending 20 days on the market.

4520 Via Vienta St has been SOLD!  In Malibu for $1,195,000 after spending 36 days on the market.

Bel Air

14811 Mulholland Dr has been SOLD!  In Bel Air for $425,000 after spending 97 days on the market.

10242 Autumn Leaf Circle has been SOLD!  In Bel Air for $1,077,600 after spending 43 days on the market.

2688 Casiano Rd. has been SOLD!  In Bel Air for $1,595,000 after spending 10 days on the market.

2515 Roscomare Rd has been SOLD!  In Bel Air for $1,673,400 after spending 135 days on the market.

10463 Bellagio Rd has been SOLD!  In Bel Air for $16,600,000 after spending 203 days on the market.

Hollywood Hills

7810 Granito Dr. has been SOLD!  In Hollywood Hills for $3,230,000 after spending 121 days on the market.  

1558 N Crescent Heights Blvd. has been SOLD!  In Hollywood Hills for $1,850,000 after spending 188 days on the market.

1687 Marmont Ave. has been SOLD!  In Hollywood Hills for $926,500 after spending 45 days on the market.

Beverly Hills Post Office

9710 Wendover Dr. has been SOLD!  In Beverly Hills Post Office for $1,590,000 after spending 254 days on the market.

1450 Bella Dr. has been SOLD!  In Beverly Hills Post Office for $3,250,000 after spending 358 days on the market.

1225 Angelo Dr. has been SOLD!  In Beverly Hills Post Office for $22,950,000 after spending 54 days on the market.

Beverly Hills

241 S Rodeo Dr has been SOLD!  In Beverly Hills for $2,125,000 after spending 27 days on the market.

344 S Clark St has been SOLD!  In Beverly Hills for $1,307,000 after spending 100 days on the market.

316 S Crescent Dr has been SOLD!  In Beverly  Hills for $1,621,500 after spending 48 days on the market.

1090 Marilyn Dr has been SOLD!  In Beverly Hills for $2,665,000 after spending 7 days on the market.

Property of the Week: 27092 Malibu Cove Colony

Property of the Week: 27092 Malibu Cove Colony, available for summer!

With 4 bedrooms and 3 bathrooms, this is an architectural masterpiece in the private beach, guard-gated Malibu Cove Colony!   For more info contact Sarah Kosasky at (424) 235-0143 or by e-mail at sarah@areteestates.com.