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Gabriel Jones' Blog

By Gabriel Jones | Agent in Agoura Hills, CA

Malibu Price Reduction from $3,500,000 to $125,000


So it only took 4 years to bring the price down but this has to be the strangest piece of land around.  31352 Mulholland Highway a vacant piece of land was listed in 2007 for 3.5M.  Listing description in 2007: "MOTIVATED SELLER! SUBMIT ALL OFFERS! NO REASONABLE OFFER WILL BE REFUSED! One of Malibu's last ridge top sites to get approvals - just out of Coastal. Owner is close to getting approvals for a 12,000 sq ft Tuscan estate which will be atop one of the highest ridges in the area and will have 360 degree view of the entire Valley, vineyards, rock formations, even the Pacific. Minutes to 101, PCH and beach."

Welcome to 2011 with the price of $125,000 and listing discription: "Bank Foreclosure REO Property - 3.85 acre ridge top site in Malibu. Adjacent to many vineyard estates . Located out of Coastal. Driveway to property is located on Mulholland Hwy a few hundred feet East from the intersection of Mulholland and Kanan. There is a paved road leading to the property and a dirt road to the ridge top building site."

Contact me at 818-300-8587 for further details and directions to lot.

New Client refund of 30% off commissions earned given to Malibu, Calabasas and Agoura clients.

Next week is the largest land auction in many years, 320 acres.

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