Many Beach Homes Sales On Malibu Road!

by ritasimpson on December 5, 2012

in Malibu Road

Unlike the past year, Malibu Road had some great sales this year and some were fantastic bargains!

Malibu Road is one of the favorite beach areas for buyers. This is because not only the beach is great, but the location is close to the village so one can walk or bike to the stores and movie theater, and traditionally it is one of the most established beach communities in town. It also is off the highway so it is much quieter, and as the residents walk on the street or on the long beach the residents get to know each other more naturally.

This year so far we had 10 sales on the road. The bargain was a tear down on a 12,000 square foot lot next to the Colony. It sold for $4,000,000. But that was not the only great deal on the road this year: Incredibly we had 8 deals under $6,000,000 and only above $7,000,000 and that was for a brand new never lived in before ultra modern home with an ocean side pool!

Here are the stats:

Low price was $4,000,000

Median price was $5,475,000

High Price was $7,300,000

Average $ paid per square foot was $1,851

Today there are 12 Malibu Road homes on the market. The cheapest one is a beautiful updated 2 bedroom 2,000 square foot home priced at $4980,000

The highest priced home on the market on Malibu road at this time is a 4,000 square foot home, completed in 2010. Its a gorgeous modern offering over 4,000 square feet of luxurious interior and generous decks all around to enjoy the gorgeous views and relax in plein air at the shore. Take a peak:

For the Properties offered for sale on Malibu road the stats look a little diffrent:

Low Price id $4,980,000

Median Price is $ 8,949,000

High Price is $ 12,950,000

The Average asking price per Square foot is $2,871

Take a look here for all the Malibu road Beach homes on the market:

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

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Post by Rita Simpson

Rita has written 468 articles.

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