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By Stephen Udoff | Agent in Malibu, CA
  • Malibu "Trophy Property" Just Listed

    Posted Under: General Area in Malibu, Home Buying in Malibu, In My Neighborhood in Malibu  |  June 5, 2013 10:12 AM  |  95 views  |  No comments

    Proud to say that Pritchett-Rapf Realtors JUST Listed Malibu’s MOST Expensive home For Sale currently on the Market!!

    This property is one of kind.  Located on Broad Beach, this Estate is 160 feet of Beachfront and Designed by world renowned Architect, Frank Gehry.  Listed at $55 million, this Estate features only 1 of 3 private homes in Malibu that have it’s own private beachfront Tennis Court.  The home has  6 Bedrooms, 11 bathrooms and over 11,000 sq ft.  Here are the remarks from TheMLS.com:

    “Architectural connoisseur’s dream. This dramatic Frank Gehry beachfront masterpiece sits on just over one acre with an unprecedented 160′ feet of beachfront. Full sized lighted tennis court and lap pool, over 11,000 square feet. Rare offering. Fabulous outdoor entertaining with spa, fireplace, and adjoining separate kitchen."   Listed by Jack Pritchett and John Cosentino.

    For more question regarding this home or any other in Malibu, feel free to call 310-701-6848 or email me at SUdoff@gmail.com

    FOR MORE PHOTOS CLICK HERE -------------->

  • Red Flag Warning in Malibu

    Posted Under: General Area in Malibu  |  November 2, 2011 9:41 AM  |  169 views  |  No comments
    It's that time of year again.  The Santa Ana winds are back and are expected to last until later this evening (november 2, 2011). 

    With these high winds up to 70 mph and low humidty, it's the worse combination that can lead to a brush fire around the coastal and mountain areas. 

    We all remember the horrible fires that occured in 2005 that burned down dozens of homes and millions of dollars in real estate.  We do not want that to happen again.

    There are some helpful hints and procedures with how to protect your home that you can find on My Real Estate Blog at my website at http://www.stephenudoff.com/ 

    Thank you and have a great day!

    -Stephen Udoff
  • Big Sale on Malibu Road

    Posted Under: Home Selling in Malibu  |  June 28, 2011 1:23 PM  |  206 views  |  No comments

    I want to Congratulate a good friend on his Sale on Malibu Road. Jeff Chertow’s listing at 25026 Malibu Rd. Malibu, Ca, sold on Friday for $9,00,000.

    The house listed at $10,950,000 at the time of the sale and was reduced $3 million from last years price! This 2011 Year-to-date sale’s for Malibu Beachfront homes have been 12 home’s ranging in Sale price from$2,050,000 to $10,588,000 according TheMLS.com.

    Here’s a  description of the recently sold house in Malibu.

    “Stunning contemporary beach house on “Malibu Road” with 50 feet of dry sandy beach. This 3 level masterpiece comes furnished with designer custom interiors and furnishings(excluding art). Enter the front doors to 2 stories of glass gazing out to the waves and dolphins. Step downstairs to a gorgeous living room/great room with full bar and huge oceanfront entertainment deck. The 3rd level offers the privacy of 3 bedroom suites with an ocean front master and spa bath with sitting area.” mls 11-500727

  • Great Article about Renting vs. Buying. Buying Wins

    Posted Under: Rent vs Buy in Los Angeles  |  May 22, 2011 8:19 PM  |  446 views  |  No comments

    "NEW YORK (CNNMoney) -- For the first time in years, buying a home may beat renting.

    Two factors are at play, according to researchers who recently crunched the numbers, Ken Johnson of Florida International University and Eli Beracha of East Carolina University for a paper to be published in Real Estate Economics.

    First, rents, though mostly stagnant the past few years, are expected to head higher as more people bitten by the housing bust turn to renting. Rents could rise 7% in each of the next two years, according to Peggy Alford, president of Rent.com.

    Second, home prices have finally dropped enough to create a buying opportunity. Nationally, prices are down 32% from their peak, set in 2006.The net result is that home price gains would need to average only 3.25% annually to beat renting, according to Beracha and Johnson. To make the math work, you have to stay in the home for at least eight years. (Buy or rent? 10 cities rated)

    Beracha and Johnson compared the cost of owning with the cost of renting.

    Renting has usually come out ahead, they say. Buying typically leads to higher monthly and annual bills once all costs are factored in -- mortgage payments, property taxes, maintenance and transactional costs.

    Those higher costs can be offset if the home gains in value. But renters -- the researchers assume -- can invest the savings. And that is a big part of why the professors say renting has typically been the better deal. "I was shocked at how often renters won," said Johnson.

    Another reason had been the push to homeownership, which resulted in a premium on home values. "My dad always told me not to 'throw my money away on rent,'" said Johnson. "This mania toward homeownership tends to drive prices up."

    But that's changing: Homeownership has dropped to 66.4% from a peak of 69.1% in 2005, according to the Census Bureau. (See "Home prices in 'Double-Dip'")How much better buying will be depends on location. Of the 23 cities Beracha and Johnson looked at, Seattle is the best place to buy right now. When renters invest in portfolios that include stocks, the appreciation rate required over the next eight years there is 4.84% and the area's historical average is 6.06%.

    For several cities, including New York, Boston and Dallas, renting is still preferable. In New York, for example, homeowners would need a 7% annual rise in home values to beat renters. (See "Fastest growing cities in the South")

    Buyers should beware the assumption that home prices will rebound, even from these depressed levels, said Dean Baker, co-director of the Center for Economic and Policy Research.

    Hiring has been slow and there are tons of potential foreclosures that could flood the market with distressed homes, depressing prices.

    Even in cities where people are, theoretically, better off renting, they may not be in reality. Paying off a mortgage is a forced savings plan, said Baker. The mortgage bill comes in every month, the homeowner pays it and the mortgage balance goes down.

    Renters, meanwhile, are just as likely to spend their savings. They'll wind up with less money than homeowners, which is kind of what your dad was saying all along."

    By Les Christie


  • Welcome!

    Posted Under: General Area in Malibu  |  February 28, 2011 9:32 AM  |  212 views  |  No comments
    Hi everyone!

    Thank you for visiting my Blog.  I will be posting News articles, Open Houses, Frequent Trends, and new Listings on here.  Please Enjoy and if you have any questions, please feel free to contact me!

    -Stephen Udoff
    "My Passion is Real Estate... What's Your's?"

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