Malibu Real Estate Blog

Overall, assessed value of properties in Los Angeles County jumped by 6.13, which means bigger sale prices and higher property taxes.
UntitledThe assessed value of properties in Los Angeles County jumped by 6.13 percent over the past year, marking the fifth consecutive annual increase, according to figures released today by the assessor’s office.

This year’s roll put property valuation in the county at $1.26 trillion, an increase of $73.1 billion over the last year.

Residential real estate sales were the largest contributors to the year- over-year increase, representing 3.09 percent of overall growth, according to the assessor’s report.

The fastest growing among the county’s 88 cities last year were West Hollywood at 9.8 percent growth, Beverly Hills at 9.1 percent, Arcadia at 8.8 percent, Palmdale at 8.3 percent and Manhattan Beach at 8.1 percent. Malibu property values climbed by 7.8 percent.

The total assessed value for the City of Los Angeles was $500.4 billion, which represents an increase of 7.2 percent over last year.

The assessment roll showed increases of 5.47 in 2014, 4.66 in 2013, 2.2 in 2012, following three years of modest growth or declines, according to the county.

The assessment roll is the foundation of the county’s property tax system and forms the basis from which municipalities, school districts and special districts derive property tax revenue used to fund vital public services such as public safety, education and transportation.

“The 2015 Assessment Roll provides a comprehensive view of the strength of the Los Angeles real estate market,” said Assessor Jeffrey Prang, who took office last December.

“The roll illustrates that in the last year, every city in Los Angeles County recorded an increase compared to 2014. I am pleased to report the 6.13 percent increase for assessed property values in Los Angeles County is the largest increase since 2010.”

To read the 2015 Annual Report, click here: http://assessor.lacounty.gov/wp-content/uploads/2015/09/2015_annual_report.pdf .

 

Article via Malibu Patch

cindy_crawfords_home_at_night3_aec638eb15724d6ce9c4da80497d25eb.today-inline-largeLess than a year after purchasing their Malibu estate for $6 million, Cindy Crawford and her husband Randy Gerber have listed the property for a whopping $15.45 million. The newly remodeled 5 bedroom home is located in the highly sought after Point Dume community neighboring celebrities like Kenny G, Julia Roberts and Christ Martin and boasts private path to the exclusive Little Dume beach. The coveted Little Dume beach is arguably the most difficult beach to access in Malibu.  If the walk to the beach sounds too far, enjoy the 1.4 acre property that feautures lagoon style pool surrounded by lush greenary.

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556cd6644ae56e586e4588d8_caitlyn-jenner-bruce-jenner-july-2015-vfSay good bye Bruce Jenner, and welcome Caitlyn Jenner! Media magnet and former Olympian reveals “She”, and she is even more amazing then we expected. While this transition could not be more ground breaking for the transgender community, a private enclave could not be more necessary for the reality TV star. Take a look inside Caitlyn Jenner’s secluded Malibu retreat she purchased earlier this year. The remodeled concrete and glass architectural dwelling is set on 11 acres with panoramic ocean and mountain views. Located deep in the Malibu hills high on a mountain overlooking El Pescador State Beach, the 3,500 SQFT estate has 4 bedrooms / 3.5 bathrooms with a large open living space, step down living room with both indoor and outdoor fireplaces, spacious kitchen with center island, white counter tops on white cabinetry and a full suite of top of the line stainless steel appliances. The backyard boast built in grilling station on a large loggia, a swimming pool and spa with uninterrupted views of ocean vistas. The 11 acre estate is far from modest, but offers a sense of home and privacy difficult to find when your personal life is always under speculation. Jenner’s Malibu home will be subject to a new E! docuseries that will follow her through her transition.Untitled

 

Stop by 31763 Cottontail Lane from 9:45 am – 2:00 pm and preview my wonderful new Broad Beach lease. Beautiful Cape Cod style home on a cul-de-sac with ocean view. Open floor plan, light and bright with large decks, high ceilings. Newly painted and carpeted. 4 Bedrooms / 3 Bath. Offered at $9,249 / month. $100 Bui Sushi Gift Card will be given away. Don’t miss it!

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Los Angeles’ best kept secret is just minutes from Malibu. Conveniently located just 10 minutes from the 101 freeway and 15 minutes from Pacific Coast Highway. Discover the magic of Lobo Canyon, a hidden gem nestled in the beautiful Santa Monica Mountains. This 1,200 acre canyon has some of the most amazing real estate with a neighborhood that consist of historic homes, custom multi-million dollar mansions, vineyards and stables, and offers unparalleled privacy to high-profile entertainers and business leaders. Today, there is a fine selection of custom Lobo Canyon homes available on the market.

“Historical Casa California”, for example, is steeped in authentic California history. It was originally used as a hunting lodge and built in 1928 of thick, unnamednatural stone walls that were hauled up from the local Lobo Canyon by horse almost one-hundred years ago. The recent renovation continues to embrace this unique history while incorporating modern amenities and luxuries including updated kitchen and bathrooms, a separate renovated pool house with media room, hot tub, sauna, wine cellar and large cedar closet, and an entertaining space that expands allowing for spacious California living with unobstructed views. Every room in the house opens to its own outdoor living space and has a magical enclosed courtyard with an outdoor stone fireplace and pond. Original period fixtures and features include a handmade wrought iron balcony and staircase overlooking historic Ballard Mountain, wideunnamed (1) plank flooring and original Malibu tile, exposed beams, and a barrel tile terra cotta roof. The property has 3 wells, gardening shed, and garden area complete with an abundance of fruit and citrus trees including apple, plum, nectarine, almond, apricot, fig, mulberry, pomegranate, olive and more. Horse stalls and corrals with riding and hiking trails, seasonal waterfalls, creeks, and rock caves. Offered at $5,399,000.

Enjoy the views of vineyard covered mountains or take this opportunity to own your own vineyard. The Lobo Canyon Mountain View Ranch Vineyard unnamed (2)estate set on approximately 40 acres zoned A1-20 has romantic views of vineyards and mountains from every room. As you enter the private gate of this hilltop vineyard estate, you’re led up a grand driveway with stunning views of vineyards on both sides. The property produces Cabernet, Pinot Noir, Merlot, Syrah and Sauvignon Blanc grapes. Vibrant backyard features pool, 2 outdoor showers, fire pit, built inlobo barbecue and Mediterranean style cabana. Gourmet kitchen includes Viking and Sub Zero appliances, and long chefs island with granite counter tops. House has formal entry way, 3 fireplaces, citrus trees, wine room, wet bar, detached art studio and 3 car garage. Master bedroom has steam shower and walk in closet. Property is ready for solar panel installation and has potential for equestrian facilities. Offered at $4,690,000.

Lobo Canyon is a wonderful rustic retreat from the bustling Los Angeles lifestyle with uninterrupted panoramic mountain views from every turn. Explore everything that the canyon has to offer. Adventure through water falls, rock caves, and ponds. The canyon offers riding trails and hiking just steps from your back door. For more information on available real estate in the exclusive Lobo Canyon Community contact 310.980.6448.

Pictured below are the swim in rock caves on the “Historical Casa California” property.

Soho House has become one of  the  most important clubs in Hollywood – A magnet for A-listers and a prime  meeting place for entertainment  industry unnamedprofessionals. According to The Hollywood Reporter, Soho  house is looking closely at Larry Ellison’s ‘ill-fated’ Mediterranean restaurant Nikita as potentially becoming the third Los Angeles Soho House location. Nikita, which is named after Ellison’s girlfriend Nikita Kahn, closed last December. Set along Malibu’s billionaires beach, the zen-minimalist building would make a prime location for the upscale members only club. Although nothing has been confirmed, speculations are abuzz on the 6,900 SQFT, 2 story, beach front, ultra luxurious property neighboring star packed Nobu. Should the ritzy members only club expand to this unique location , or should another restaurant with a different proposal take its place?

e-waste-pile-mdContinuing with it’s ongoing effort to make our world a cleaner and greener habitat, Malibu High will conduct a Hazardous E-Waste roundup this Saturday, August 17 from 10 a.m. 2 p.m. at the campus.

Bring all your old, broken gadgets and electronics toys to Malibu High to be recycled cleanly and safely. Items that will be accepted include TV’s, computers, phones, batteries, light bulbs, wires and etc.

For more information, contact Sarah Ryan – s.ryan@smmusd.org.

home_pricesAs the economy slowly recovers, housing market factors are also improving, as home prices and sales have been up in recent months. While higher mortgage rates may not seem appealing to prospective buyers of real estate in Marina del Rey and other surrounding areas, a strong housing industry benefits both buyers and sellers.

Freddie Mac’s Primary Mortgage Market Survey shows the average rate for 30-year fixed-rate mortgages was 3.59 percent for the week ending August 9. While this is up from the previous week’s average of 3.55 percent, it remains considerably lower than this time last year when it was 4.32 percent.

Data from the survey also shows the average rate for 15-year FRMs was 2.84 percent, up slightly from the week before when it averaged 2.83 percent. This type of mortgage is still more affordable than a year ago, when the average was 3.5 percent.

This marks the second week of higher mortgage rates after several weeks of reaching new record lows. While low rates do make becoming a homeowner more affordable, especially for first-time buyers, higher mortgage rates indicate a stronger housing market.