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Pepperdine University - Wave of Flags |
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To honor the nearly 3000 lives lost during the terrorist attacks of 9/11, Pepperdine students once again cover the universities front lawn with one flag for each of the victims. Initiated by the University's chapter of the College Republicans, the flag display will be up from September 11th to September 18th. Also on display, will be flags from other nations, honoring those who also died during the attacks. Annually the Univeristy stages a brief prayer service remembering all those affected by the tragedy of 9/11 at Heroes Garden, a outdoor sanctuary over looking the Pacific on the Malibu campus. In particular the garden memorializes the heroism of Tom Burnett, a Pepperdine alumnus and passanger on Flight 93, who sacrificied his life to help take control of the hijacked plane and divert it from reaching another national monument. This week, please take some time to go visit the flags and remember those who have been lost. |
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Cher's Italian Malibu Estate is Back on the Market |
The World renown American pop singer-songwriter has just decided to put her house back on the market after withdrawing it from the market for 60 days, conveniently when the DOM (days on market) on the MLS resets to zero. She has won Academy Awards, a Grammy, an Emmy, three Golden Globes and a People’s choice for her work in film, music and television – talk about a resume. Regardless, Cher’s beautiful house is now back on the market after a measly $4M (like I said, only $4M) price reduction from $45M to $41M – but this place truly is amazing.
Cher’s famous Italian Renaissance-Style Malibu Estate. Set on 1.72 acres on a bluff overlooking the Pacific Ocean, the 14,000 square foot villa has 6 bedrooms, 7 bathrooms, a theatre, a gym and multiples verandas. There is also a suspended tennis court with stunning views of the Malibu bay, an infinity pool and a guest house. Due to new Coastal Commission restrictions, such an extraordinary property could not be built today!” (Property Description from Robert Kass of Hilton & Hyland – listing agent)
Cher’s house tops the charts at the number 2 stop of most expensive listing in all of Malibu real estate, just $24M shy of 21804 Pacific Coast Hwy listed at $65M.
No word on where Cher plans on moving but I am sure the media will be filling us in shortly. |
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Malibu Deal of the Year!!! |
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It is not often that I would admit that a asking price for a home in Malibu is reasonable, but this is literally the deal of the year.
31946 Pacific Coast Hwy in our very own Malibu, California has just hit the market after the bank finally decided to take it back. This REO is listed for only $1,649,900 after being originally listed at at $3.75 Million just over a year ago!!! “Beautiful 4 bedroom home set in a tropical environment. Gated entry leads to private enclave JUST STEPS FROM THE BEACH. Features include: Living room with fireplace and wall to wall windows taking advantage of the ocean and sunset views. Wrap around balcony overlooks the backyard with stone pool and spa with plenty of open grass area. Gorgeous interior and exterior finish work with lots of wood and natural stone. Guest quarters with fireplace, private bath and outside entrance.” (Listed by Mark Arico of Arico & Assoc.) For pictures please click HERE. Additional photos can also be found HERE. I repeat ----- this is the DEAL OF THE YEAR, HANDS DOWN for all MALIBU REAL ESTATE!!!
This house is going to go into multiple offers for sure, but will without a doubt be a steal for the buyer. It can be shown anytime, any day but it isn’t going to last long.
Give a call and I’ll send you the set up sheet with more information and details about getting in to view this house today.
Shen Schulz
310.980.8809 |
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RHCP's Flea Malibu Bluff Estate Back on the Market |
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 Being a Malibu Realtor has its advantages, even when the economy seems to be turned a little upside down. Last week I was fortunate enough to go to Game 5 of the Lakers v Rockets series and watch the world renown bassist Flea perform the Nation Anthem during the pre-game festivities.
Little did I know, founding member of six-time Grammy winning band The Red Hot Chili Peppers had recently put his house on the market here in Malibu. Property website here. Malibu local and legendary bass guitarist Michael Balzary, better known as Flea has just listed his bluff estate on the western end of Malibu for $13,676,000. The 4 bedroom + 4 bath home sits on an incredible two flat acres with private staircase and road to the beach.
He bought the property back in 2006 for just under $10M according to the MLS and is now moving on to a Los Feliz home that he just finished restoring.
But not to worry, Flea’s move does not mean that the six-time Grammy-winning bassist will be gone forever. Rumor has it that he is currently working on building a house on another one of his Malibu properties. |
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Turn Those Red Flags Green |
When selling a home, two situations may occur which are red flag indicators of a lengthy sale time. Each requires the property owners' attention in cooperation with their sales agent, and involves either the price or condition of the home.
The first involves a home that has been on the market for 60-90 days, but has been shown only once or twice. More buyers are beginning to enter today's real estate market, and homes for sale should be attracting a number of prospects.
When buyers choose not to tour a home, the reason is often the price. Homes that are attractive, but not being shown, are often priced “above” the market. The key to increased showings, then, is to learn the market price of the home, then reset the price.
The second “red flag” occurs when a home is being shown often, but neither sells nor attracts offers. The home's condition is often the culprit in this situation. Buyers learn the price, then drive by, making a judgment that it is an attractive home. Once they see the home, however, their interest evaporates.
The solution can be a critical “walk-through” by the sellers' agent to identify needed repairs and cosmetic improvements. Until corrected, traffic is likely to remain high, while the chances of selling remain low. Remove these red flags and prepare for a sale! |
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