LivingMalibu.com » Malibu beach homes for sale http://www.livingmalibu.com Malibu Real Estate-Malibu Homes For Sale Tue, 18 Jul 2017 20:51:46 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Gorgeous Beach Front on Malibu Road http://www.livingmalibu.com/gorgeous-beach-front-on-malibu-road/ http://www.livingmalibu.com/gorgeous-beach-front-on-malibu-road/#comments Fri, 27 May 2016 02:07:39 +0000 ritasimpson http://www.livingmalibu.com/?p=3499

Easy, clean and understated this stunning beach house offers the ultimate Malibu living experience. Thoughtful design maximizes the drama of the views in each room while keeping an eye on the easy flow and beautiful clean finishes. Exposed beam 12′+ ceilings, hand scraped oak floors and grand Fleetwood sliding glass doors, are just a few ...]]>

Easy, clean and understated this stunning beach house offers the ultimate Malibu living experience. Thoughtful design maximizes the drama of the views in each room while keeping an eye on the easy flow and beautiful clean finishes. Exposed beam 12′+ ceilings, hand scraped oak floors and grand Fleetwood sliding glass doors, are just a few of the details. A floating staircase leads to a 2nd large upstairs state-of-the-art media/living room. Ultra luxurious master suite with walls of glass opens to a dramatic private deck  with direct views to Point Dume and amazing sunsets. Two additional spacious guest suites upstairs. In a separate building reside 2 car garage, and an additional guest suite or Gym/Office.

We're sorry, but we couldn't find MLS # 16124724 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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Malibu Beach Home Values Continue to Rise http://www.livingmalibu.com/malibu-beach-home-values-continue-to-rise/ http://www.livingmalibu.com/malibu-beach-home-values-continue-to-rise/#comments Sat, 15 Aug 2015 21:40:04 +0000 ritasimpson http://www.livingmalibu.com/?p=3456

Malibu Beach home sales has been steady for the last three years, with an almost even number of homes sold each year during the same period January through August 15th. Prices though have been inching up every year at an average of 5.5% and sales are closing at 96% of asking on average.

The good news ...]]>

Malibu Beach home sales has been steady for the last three years, with an almost even number of homes sold each year during the same period January through August 15th. Prices though have been inching up every year at an average of 5.5% and sales are closing at 96% of asking on average.

The good news is that there is a home for almost every pocket book, if you start in the $2 million dollar range…

Here is a nice selection of various price points to give you an idea:

 

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

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New Sexy Malibu Listings http://www.livingmalibu.com/new-sexy-malibu-listings/ http://www.livingmalibu.com/new-sexy-malibu-listings/#comments Fri, 17 Apr 2015 22:35:34 +0000 ritasimpson http://www.livingmalibu.com/?p=3406

The weather has been beautiful and in Malibu we are starting to feel the first hints of the lazy, sexy days of the summer ahead.

 

Although the inventory for beachfront properties is tight,  there is a very enticing array of choices on the market today to satisfy the most discerning buyers. They won’t be available for ...]]>

The weather has been beautiful and in Malibu we are starting to feel the first hints of the lazy, sexy days of the summer ahead.

 

Although the inventory for beachfront properties is tight,  there is a very enticing array of choices on the market today to satisfy the most discerning buyers. They won’t be available for long. So if you are coming to town make sure you make an appointment to check them out. You won’t regret it!

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

 

 

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Malibu, the Place to Live In Los Angeles http://www.livingmalibu.com/malibu-the-place-to-live-in-los-angeles/ http://www.livingmalibu.com/malibu-the-place-to-live-in-los-angeles/#comments Fri, 10 Apr 2015 20:24:23 +0000 ritasimpson http://www.livingmalibu.com/?p=3399

Some of the most pristine and dramatic beaches in Los Angeles County are in Malibu, and they are not only good to look at. Here you can actually surf, swim and rummage through  living tide pools. You can  also choose to explore the mountains and find  a world of hidden treasures tucked in the oak ...]]>

Some of the most pristine and dramatic beaches in Los Angeles County are in Malibu, and they are not only good to look at. Here you can actually surf, swim and rummage through  living tide pools. You can  also choose to explore the mountains and find  a world of hidden treasures tucked in the oak forests in the canyons.  Either way the lifestyle here is casual but don’t be fooled by the relaxed atmosphere: when you are here, you will be among the most successful people in Los Angeles, if not the world.

Some of the most charming and authentic Malibu homes are found among the sycamores of Serra Retreat or Bonsal Canyon, and on the beaches of Malibu, daring modern homes are being built in what feels like a frenzy.

Take a look at some of the featured choices here, but don’t forget to search by neighborhood. It will give you an explanation of the special features of the neighborhood and there you can see all the listings available in each area. let me know if I can help you choose. I’ve been here over 20 years!

We're sorry, but we couldn't find MLS # 15890171 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # 15881595 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # 15894911 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # 15821583 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

http://www.livingmalibu.com/search-homes-by-neighborhood/

 

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International Buyers Guide For Malibu and the USA http://www.livingmalibu.com/international-buyers-guide-for-malibu-and-the-usa/ http://www.livingmalibu.com/international-buyers-guide-for-malibu-and-the-usa/#comments Sat, 30 Aug 2014 17:12:10 +0000 ritasimpson http://www.livingmalibu.com/?p=3324

Foreign buyers have flooded our Malibu market but few know how to navigate the system. Here is a guide to help you get the Malibu property you seek. In the US, almost all new real estate listings are posted to the Multiple Listing Service – or MLS – within 24 hours of coming up for ...]]>

Foreign buyers have flooded our Malibu market but few know how to navigate the system. Here is a guide to help you get the Malibu property you seek.
In the US, almost all new real estate listings are posted to the Multiple Listing Service – or MLS – within 24 hours of coming up for sale. This ensures that active listings are available to all agents, and differs from practices in many other countries, where buyers have to go from agent to agent to find a property. However, a number of listings in certain markets – the luxury market in particular – remain “pocket” or “quiet” listings. Hence, it is important to have a real estate agent who is a specialist in the area you are interested in who is well connected in the community.
COMMISSIONS
The sales commission in the US is always paid by the seller, and then divided equally between both the buyer’s and seller’s brokers and agents. Generally, commissions range from 2 to 5 percent, depending on the property and the market. Buyers here don’t pay a dime to have an agent working on their behalf, and it is therefore always advisable to work with an experienced broker or agent who will protect your interests in the transaction, and to be loyal to the agent working on your behalf so that they invest in you the time required to best serve you.
WHAT YOU NEED TO PROVIDE:
 To purchase a home, be ready to prove who you are. You don’t need to be a US citizen, but you do need an Individual Taxpayer Identification Number. This is a number assigned by the Internal Revenue Service to foreign nationals who need to file income tax returns, something you will have to do when 
buying real estate here. You will also need a valid foreign passport, or two or more current photo identifications such as a driver’s license, in order to verify who you are and your country of origin. Though property ownership isn’t tied to immigration or visa status, there are still rules about how long 
you can stay in the US, so if you’re not a citizen, check out US visa requirements before you purchase.

FINANCING:
Qualified foreign buyers can generally obtain financing for properties with a 30% down payment – though certain
markets require a 40% down payment. Check the specific state requirement where you plan to buy.
Banks are happy to offer mortgages to foreign buyers, but they usually require a relationship with the customer that
goes beyond just the mortgage. Some banks, such as HSBC (which does a great deal of foreign homebuyer financing) have a requirement that the buyer hold a $100,000 deposit with their bank. Banks often also want to see proof of 12 months’ reserves to cover mortgage payment, maintenance, and taxes, in addition to the $100,000 mentioned above.
I have relationships with many of the major mortgage banks, and  can help you find a lender and mortgage terms
that best suit your needs. Please get in touch if you’d like more specifics on various financing options.
VERIFICATION DOCUMENTS:
International buyers will usually be asked to provide the following documents, so it’s a good idea to get them in order
ahead of time:
Credit References:Usually at least four references from credit sources will be
required for mortgage loan applications. These documents must come from finance professionals such as accountants,
bankers, or insurance officials. This is very important – in 2012, US realtors reported that most of the deals that fell
through with foreign buyers did so because the buyers lacked adequate credit history.
Proper Visa or Foreign Passport Copy
Double check to make sure these documents haven’t expired and aren’t expiring anytime soon.
Verification of Rent/Mortgage Payments: Proof of rent or mortgage payments are generally required for a period of at least one year before the application.
Proof of Employment: International buyers, just like US buyers, will be asked to :You will need to show that you can afford the purchase, as well as have funds on reserve to cover the full first year of payments, insurance costs, taxes, etc.
Every US lender requires borrowers to purchase homeowners insurance to protect the home from any potential damage
and natural disasters. Insurance costs vary based on the size of the property and by state. Costs tend to be significantly
higher in states prone to natural disasters, such as Florida
and Texas.
EVERYTHING YOU WANT TO KNOW ABOUT TAXES
Tax liability is different for foreign nationals than it is for US residents. Here’s a quick breakdown of major distinctions:
•  While federal tax on long term investments (holding property for over a year) is 15% for US residents, foreigners pay 30%.
•  Under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), income tax is withheld immediately after a non US-resident sells property. The rate varies from state to state, but the federal rate is a flat 10%.
•  The IRS requires a “Statement of Withholding on Dispositions by Foreign Persons of US Real Property 
Interests.” In addition, many states request a “Nonresident Real Property Estimated Income Tax Payment Form.”
•  I recommended seeking the expertise of a professional tax accountant to provide assistance with these forms. Consult a Tax Specialist in Your Home Country An international buyer’s overall tax liability will also differ country to country based on the home country’s tax treaty with the US. Therefore, it’s best to consult a tax advisor in the buyer’s country of residence, who is familiar with the tax treaty 
and its provisions. The capital gains rate for US residents is 20% (if the property was owned for more than one year) but it could be higher if you are from certain countries. Check with a local 
tax specialist before you buy.

RENTAL INCOME
US law requires that the foreign nationals “elect“ to pay US income taxes on any net income earned from rental property. If this election is not made in a timely fashion – and the proper forms filed with the IRS – a tax of 30% of the gross rental income will be demanded. Even if the property owner is incurring tax losses initially and doesn’t owe any taxes to the government, he or she must still file their tax returns in order to make the “election” required by law.
DEDUCTIONS!
The good news is that international buyers who finance their purchases with a 40 to 50% down payment will generally not pay income taxes on their rental income for the first 10 to 15 years, since the US is very generous when it comes to expenses that can be deducted from rental income. Mortgage interest, common charges, depreciation, property taxes, insurance, and amortization of closing costs can all be claimed as deductions against income, so in the early years your property will generate negative taxable income and you will not have any tax liability.
NOTE: You Do Not Have To Be in the US to Close the Deal.
When the property is officially closed on and transferred to the new owner, the new owner does not need to be in the
US. Instead, the owner can provide his or her representative (usually a broker) with “Power of Attorney,” and then the
representative will close the deal on behalf of the new owner. This is a common practice and can be very convenient for the buyer who does not want to come back to the US for the closing. Talk to your realtor about that possibility if it may
interest you.
.ESTABLISHING AN LLC
 International buyers should ask themselves if it suits their interests to buy under the name of a domestic US company, or LLC (Limited Liability Company). Although there are benefits to buying through a LLC, such as tax incentives, certain treaties between a foreign country and the US can sometimes detract from those advantages. Foreign buyers should do their research ahead of time, and enlist the help of a tax adviser who specializes in international law.
Here are six things you should know about LLCs in the United
States:
1. It takes one week or so to form an LLC.
2. The LLC has to be created in the same state as the
property to be purchased.
3. The LLC is required by law to file local, state, and federal
tax returns.
4. An LLC can include foreign nationals and US residents.
5. At the time of sale, property owners can sell or transfer
shares of the LLC to a buyer.
6. A US-based LLC can be owned by a Foreign Corporation
for additional benefits.
Tip – If You Want To Avoid the US Estate Tax
When a non US-resident dies, his or her estate will be taxed by the US government at roughly 45%. This can be avoided if the international buyer sets up a Limited Liability Corporation (LLC) – which owns the property – and a Foreign Corporation to own the LLC. Since the property in this scenario is owned by the Foreign Corporation, the US would not be able to tax it upon the death of the owner. This can be a huge tax savings and is not very expensive or time intensive to implement, especially if you solicit professional help.
If you are considering buying property in Malibu or the Los Angeles area, give me a call 310-617-0996. I will make your search easy fun and productive!
This is meant as a general guide. Please consult an international tax attorney before you make any decisions.
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Looking To Buy In Malibu? Compare Neighborhoods First http://www.livingmalibu.com/looking-to-buy-in-malibu-compare-neighborhoods-first/ http://www.livingmalibu.com/looking-to-buy-in-malibu-compare-neighborhoods-first/#comments Wed, 06 Aug 2014 22:37:20 +0000 ritasimpson http://www.livingmalibu.com/?p=3281

If you are looking to move to Malibu and are not intimate about the area try out the neighborhood search on this site to familiarize yourself with the differences in each area. Believe me, they are substantial and not only in price!

Getting to know what area suits your lifestyle best will not only save you ...]]>

If you are looking to move to Malibu and are not intimate about the area try out the neighborhood search on this site to familiarize yourself with the differences in each area. Believe me, they are substantial and not only in price!

Getting to know what area suits your lifestyle best will not only save you lots of time, it will enhance your appreciation of the properties you choose to visit and will make your decision easier and more informed.

Nature lovers who want more quiet and more space will have more choices than those that don’t want to drive up a canyon or the ones that strictly want a beachfront property. The good news is that there is something for nearly every preference and pocket book. If you would rather see the difference in person, give me a call to schedule the tour that will answer your questions.

 

 

 

 

 

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Buying a Malibu Beach House http://www.livingmalibu.com/buying-a-malibu-beach-house/ http://www.livingmalibu.com/buying-a-malibu-beach-house/#comments Wed, 05 Mar 2014 19:34:09 +0000 ritasimpson http://www.livingmalibu.com/?p=3098

Malibu beaches are diverse and so are the prices that similar homes may command. Just before the summer hits, I will give you the Best Buys for Malibu Beach homes in each area right now.

Keep in mind, some of the factors that influence the price differences is the physical nature of the site, the other ...]]>

Malibu beaches are diverse and so are the prices that similar homes may command. Just before the summer hits, I will give you the Best Buys for Malibu Beach homes in each area right now.

Keep in mind, some of the factors that influence the price differences is the physical nature of the site, the other factor,  the social perceived value of an area.

In the  physical realm: Wet versus dry beaches, meaning  whether the beach is mostly under water (these are usually located in the southernmost area of Malibu closer to Santa Monica, like Las Tunas Beach, Big Rock Beach) and are generally more affordable. Semi-wet ones  (where at low tide you get some sand to walk on, in little coves like Las Flores beach or Malibu Cove Colony) prices at these beaches are a little higher  and the dry beaches, a great example of that is Zuma Beach and Escondido and Paradise Cove beach, Point Dume beaches, where in general prices are higher.

For the social value of an area consider the neighbors. Wherever the concentration of residents is mostly entertainment celebrities, or CEOs of companies,  their capacity to pay more for the properties has over time  made certain areas almost exclusively affordable to that group. Like the Malibu Colony, Carbon beach, Bluffs at Point Dume, Paradise Cove Bluffs etc..

Here is my selection of the Best Buys in Malibu Beach Houses on the Market today. And because for each price range there is a Best Buy that is how I will feature them starting from lowest to highest price:

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

 

 

 

 

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If You Lived In This Malibu Home… http://www.livingmalibu.com/if-you-live-in-this-malibu-home/ http://www.livingmalibu.com/if-you-live-in-this-malibu-home/#comments Fri, 28 Feb 2014 01:34:08 +0000 ritasimpson http://www.livingmalibu.com/?p=3086

You won’t want to leave for a vacation. Magnificent estate located on idyllic Point Dume peninsula, in Malibu. Gated & private, this 4 bm/8 ba home is unparalleled in setting, quality & design. Designed By  renowned interior designer Martyn Lawrence Bullard  the home showcases the best of indoor/outdoor living, showcasing lush tropical planting palette and ...]]>

You won’t want to leave for a vacation. Magnificent estate located on idyllic Point Dume peninsula, in Malibu. Gated & private, this 4 bm/8 ba home is unparalleled in setting, quality & design. Designed By  renowned interior designer Martyn Lawrence Bullard  the home showcases the best of indoor/outdoor living, showcasing lush tropical planting palette and clean,

modern, interior spaces that include a spacious living room w/fireplace; gourmet kitchen that melds into a family/entertainment room; dining room; multiple offices; exquisite owner’s suite w/sitting area, fireplace, large deck & spa-like bathroom w/inferred & traditional sauna; gym w/deck & Jacuzzi and 3 additional en-suite bedrooms & more.

 

The world-class manicured grounds are second to none, with infinity pool/Jacuzzi, enormous covered patio w/BBQ center, fireplace & fire pit, Zen koi pond & waterfall, numerous sitting areas,can accomodate the most glamourous parties. Riviera 2 beach key & direct beach access completes this stunning Malibu estate.

We're sorry, but we couldn't find MLS # 14739769 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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Herb Alpert Talks About How He Got His Malibu Property http://www.livingmalibu.com/herb-alpert-talks-about-how-he-got-his-malibu-property/ http://www.livingmalibu.com/herb-alpert-talks-about-how-he-got-his-malibu-property/#comments Fri, 15 Nov 2013 16:13:18 +0000 ritasimpson http://www.livingmalibu.com/?p=2932

Trumpeter-producer Herb Alpert, 78, who has won eight Grammy awards and is the only recording artist to have a No. 1 hit as a vocalist (“This Guy’s in Love With You,” 1968)talks about his beloved property in Malibu

One day in 1971, my secretary told me that a movie director she knew who lived on 6 ...]]>

Trumpeter-producer Herb Alpert, 78, who has won eight Grammy awards and is the only recording artist to have a No. 1 hit as a vocalist (“This Guy’s in Love With You,” 1968)talks about his beloved property in Malibu

One day in 1971, my secretary told me that a movie director she knew who lived on 6 acres at the northern end of Malibu had died. His son inherited the land and was planning to develop 25 lots on the property. But when the California Coastal Commission was formed in late 1972, it rejected his proposal, leaving him stuck. Somehow, he heard I might be interested and called to see if I wanted to buy the property.

His home includes an art space. Annie Tritt for The Wall Street Journal

Actually, I was happy where I was living and hadn’t really thought about buying that much land. Besides, the director’s house was an hour’s drive to A&M’s offices on Sunset Boulevard. I put him off. Then one night he called in desperation. Since he couldn’t develop the property, it was becoming a financial burden. I offered him half his asking price in cash. He accepted and we closed in June 1974.

That December, singer Lani Hall and I were married on the property. Over the next couple of years, we found we wanted to expand the 5,000-square-foot house and personalize the space.

His large home allows him to indulge in his many creative projects, including his giant outdoor sculptures. Annie Tritt for The Wall Street Journal

During my drives home from L.A. in 1976, I watched as Bob Dylan’s house went up in Malibu’s Point Dume area. Eventually I pulled over and walked up to the site to have a closer look. I loved it. The structure had a natural, cozy feel with lots of woodwork and curves. You just wanted to touch and hug parts of it. I met with Bob’s landscape architects and designer and hired them to work on our place.

Lani and I, with the help of several artisans, designed a one-story, 12,000-square-foot house perched in the middle of the property, giving us a panoramic view of the ocean from the living areas. Work on the house was completed in 1978, but a few years later we wanted to add studio space. I needed a recording studio where I could practice my trumpet day or night without disturbing anyone. I also needed dedicated space to paint—which I had been doing since 1969.

First came the recording studio in the early 1980s. We converted our two-car garage into a soundproof room paneled with pine—a soft wood that seems to allow music to resonate beautifully. We also made sure the walls weren’t exactly parallel, since that would have trapped the sound.

My painting studio came a few years later. It’s a doorway away from my recording space. We installed large, angled dormer windows high above the floor to let in lots of light. They also give the space an inspiring, artsy feel. Now I’m painting with coffee on gesso-primed canvas, and the coffee’s acidity creates fascinating organic results.

We also added a sculpting studio in the mid-1980s. It’s a stand-alone structure with 12-foot ceilings and skylights that’s a short walk from the house. My abstract sculptures range in height from a few feet to 18 feet tall. I sculpt the larger ones outside.

I start by making a small wax model followed by a clay model. Then I have a team create a structure that holds the clay in place for the final version, ensuring it will stand when completed. When I work on the sculpture, I move up and down on a forklift. Each morning I wake up at 6:30 and start with a few hours of painting. Then I practice my horn and spend the afternoon sculpting. Lani is my curator and muse, and has always been supportive.

We don’t often have a lot of people over. It’s not a party house. It’s just a nice, friendly space for us to work and relax. Back when I originally researched the property, I discovered that the land was considered a spiritual place for the Chumash—a Native-American tribe that lived in the region hundreds of years ago. I think that same feeling is here today.

In December, Lani and I will be married 39 years. People ask about our secrets for a long Los Angeles marriage. Respecting and appreciating each other’s qualities is a big part of it. A property with a long positive history isn’t bad either.

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Rare Multi-Unit Properties On Malibu Beach For Sale http://www.livingmalibu.com/rare-multi-unit-properties-on-malibu-beach-for-sale/ http://www.livingmalibu.com/rare-multi-unit-properties-on-malibu-beach-for-sale/#comments Sun, 15 Sep 2013 18:16:59 +0000 ritasimpson http://www.livingmalibu.com/?p=2840

They are almost  never to be found, when buyers come searching for a multi-unit property on the beach in Malibu for sale. That is because people who have them, don’t give them up easily.

The other thing to know is that you don’t buy these for the cap rates. Income  from the rentable units is good, ...]]>

They are almost  never to be found, when buyers come searching for a multi-unit property on the beach in Malibu for sale. That is because people who have them, don’t give them up easily.

The other thing to know is that you don’t buy these for the cap rates. Income  from the rentable units is good, but it’s mostly to satisfy an owner who wants to live at the beach, but does not want to dish out the $8 or $10 million that it might take just to satisfy the need. Having some income producing element on the property to defray the cost is makes it easier and  makes it  a very  sought after commodity.

Miraculously, this week we have 2 such properties come on the market: One on Carbon Beach in Malibu the other on Malibu Road. Both are close in price, around $8 million and both offer beautiful  3 bedroom owner units plus 2 and 3 rental units, some producing an annual income  more than sufficient to cover the taxes, maintenance and… on the properties.

The Carbon property is 5 units, 50′ of beach frontage:

the Malibu Road property offer two adorable units in the back with their own decks and the beachside “cabana deck”

We're sorry, but we couldn't find MLS # 13704045 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # 13701477 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

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