After appearing in more than 20 movies, television shows and music videos, a contemporary-style mansion in Malibu is finally ready for its closeup. The silver screen-worthy home has been listed on the market for $8.95 million.
The cliff-side home at 33583 Mulholland Highway features plenty of lush greenery and an expansive view of the canyons below and mountains beyond. The contemporary feel of the home means clean, geometric lines, sleek metallic accents and minimal ornamentation, which only adds to the artistry of the home’s natural setting. The backyard features a massive and lusciously manicured lawn with a rectangular concrete pool. The beauty of nature is clearly the focal point of the backyard, however there is also ample room for entertainment on the home’s ample but not overwhelming deck and outdoor entertainment area.
Inside, the 7,000-square-foot home features an open and airy floor plan with 22-foot vaulted ceilings. There are four bedrooms and five baths, however more guests can be accommodated in the detached guest house/studio, which also features a separate office or gym and a sauna. A master suite fit for a king or queen who enjoys observing their territory below offers views of the canyons to the south as well as the Pacific Ocean.
The Malibu home has been featured plenty on film and television, including in the Nicolas Cage thriller “Face Off” and a Britney Spears music video. However, there is no sacrifice of privacy here. To access the extremely secluded home, visitors must drive up the Pacific Coast Highway and 10 more minutes up into the Malibu hills. There is also a helipad on the grounds for any aviators. The nearest neighbor to the home is 400 feet below.
Malibu Real Estate Update
With more and more high-priced properties such as this hilltop stunner listing, the market in Malibu is shaping up to be a luxury home buyer’s paradise. According to Altos Research, a California-based real estate analytics company, the median single-family home value is on the rise in Malibu even as the market remains firmly in the hand of luxury home buyers.
Altos reports home prices have been on the rise in Malibu, coming to a current median single-family home value of $4,210,731 as of March 20. This value is the result of a recent gaining trend that has seen home prices climb from a winter lull that hovered near $3.6 million from October to about February.
Despite the recent increase, Malibu is still showing favor to home buyers as indicated by Altos’ unique measure of buyer and seller activity, the Market Action Index. This value uses a scale that puts 30 as a neutral level and indicates with high values that sellers are in favor and with low values that buyers are in favor. The current MAI reads 26.31, which means that there are more available homes on the market than buyers which is giving buyers just a slight edge over home sellers.
Despite the rising median home value, buyers looking to negotiate for their perfect Malibu home might be in luck at least as long as this MAI holds out below 30.
If you are interested in learning more about luxury Malibu homes for sale, please contact our team of luxury property experts today.
Check out these Malibu homes priced from $4 million to $6 million
$5,495,000 : 23555 MALIBU COLONY Road, Malibu3 beds, 2 baths
$5,999,000 : 28944 GRAYFOX Street, Malibu4 beds, 3 baths
$4,595,000 : 3505 COAST VIEW Drive, Malibu8 beds, 7 baths
$4,695,000 : 6305 GAYTON Place, Malibu6 beds, 5 baths
$4,395,000 : 42540 PACIFIC COAST Highway, Malibu5 beds, 6 baths
See all City of Malibu Luxury Homes For Sale.
(all data current as of 8/17/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.