Leonard DiCaprio owns three homes in Malibu and recently (November 2008) has put one of his properties at 32628 Pacific Coast Highway up for sale at $8,999,000 in the hope of flipping this property which he purchased for only $6,350,000.
However he now has reduced the price of this Encinal Bluffs home to a bargain $7,999,000. However, while waiting for it to sell the famed Titanic actor has put the property up for lease at a monthly rate of only $25,000. This is great value for a 2374 square foot private property with stunning Pacific Ocean views.
The home is divided into a two bedroom two bathroom main house and two one bedroom guest suites. There is also a four car garage, hot tub overlooking the ocean and a set of steps down to the private cove below!
The property can be let short term of $50,000 per month according to the MLS.
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If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.
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