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Johnny Steindorff's Blog

By Johnny Steindorff | Agent in Malibu, CA

Malibu Colony Luxury Real Estate | Market Update

A lot has changed since 1926 when Mrs. Ringe started offering Malibu Colony lots for lease to Hollywood stars such as Clara Bow, Anna Q. Neilson and Bing Crosby. 30 feet of beach frontage was leased out for $30 per month with 10 year lease agreements. After the 10 year leases properties buyers were finally able to purchase Malibu Colony properties. 

The year is now 2013, and the Malibu Colony is still an in demand beach getaway for the rich and famous with residents including Sting, Brian Grazer and Rob Reiner. We have a had two great sales thus far in Malibu Colony. 119 Malibu Colony which has been on the market for years finally sold at $17 million. This Malibu Colony home was originally listed at $29,950,000 so the owners took a major buzz cut on the deal. The second sale of the year was Malibu Colony #82 which sold at $10,825,000 to Judd Apatow and his wife Leslie Mann, both famous filmmakers in the Hollywood comedy space. 

This summer looks like it will be a hot season for Malibu Colony sales and leases. 

Best Buy In Malibu Colony Real Estate

 

23556 Malibu Colony Rd - Listed at $16,900,000 - This beautiful French Country villa in the Malibu Colony was finished in 2009. It has 5 bedrooms and 6 baths with 4,200 Sq/ft house and a 6,590 Sq/ft lot. The property since it's recent completion has been one of the premier high end leases in the Malibu Colony. This won't last!

Malibu Colony homes for sale

Listing Courtesy of Vicky Helman and Jeffrey Chertow at Pritchett-Rapf & Associates 

If you're interested in buying, selling or leasing Malibu Colony luxury real estate please call your go to Malibu Colony realtor Johnny Steindorff at 310-420-8915. 

 

 

 

 

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