Malibu and Coastal California Real Estate and News » Malibu Property

Malibu California Real Estate: New Flood Maps for Malibu and Surrounding Areas From FEMA

kunisaki — Tue, 12 Jan 2010 04:39:45 +0000

New FEMA Flood Maps may not sound the most exciting news story – however they are of utmost importance to all areas of real estate.

Yes the climate here in Malibu and southern California itself does not usually lend itself to flooding, the federal government is now requiring tens of thousands of residential and commercial property owners in the region to purchase flood insurance due to new maps that claim they are located in high-risk flood zones.

The new flood maps are part of a nationwide initiative started by the Federal Emergency Management Agency seven years ago to pinpoint lands likely to flood in a “100 Year Storm” which has a 1% chance of occuring each year. In developing the maps, FEMA conducts a Flood Insurance Study to calculate a community?s flood risk, the agency states on its Web site. The study includes statistical data for river flow, storm tides, hydrologic and hydraulic analyses, and rainfall and topographic surveys.

The revised Flood Maps have largely missed Maliubu – which is good news for Homeowners and those looking to relocate here as Flood Insurance can be expensive. According to FEMA on its website, it says that the West Coast rainy season usually lasts from November to April and it is during this time that flooding is a concern. Particularly with wildfires which plague the region.

All flood-risk maps that indicate whether a property is located in a high-risk flood zone are available online at www.fema.gov or www.floodsmart.gov – Check your home today!

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.

Subscribe to our blog using our RSS feed. (Click here!)

Judy Kunisaki – CA DRE license 00963582

Malibu Celebrity Real Estate: Kate Hudson Leases Her Beachfront Home Out For $90,000 Per Month

kunisaki — Tue, 28 Jul 2009 22:38:54 +0000

30 year old Celebrity Kate Hudson has decided to not spend her summer in her Malibu home by renting her beach house off Malibu’s Broad Beach Road for a whopping $90,000 per month.

The star, daughter of Goldie Hawn has leased her Malibu Beach Mansion
from June through to September. The property was a gift from Goldie and is described as being kid friendly, having stunning features and also has private access to one of the best beaches in the area.

The property also offers a media/screening room, light filled office, three large bedroom suites including a master with ocean views and balcony. There is also a detached guest room and gym while the gardens are fully landscaped with outdoor fountains, furnishings and a large fire.

Malibu Beach Leases certainly are a great way to sample the Malibu lifestyle!

Subscribe to our blog using our RSS feed. (Click here!)

Judy Kunisaki – CA DRE license 00963582

Malibu California Real Estate News: Malibu Council Discusses Controversial Plans for Vacation Home Tax

kunisaki — Wed, 13 May 2009 10:30:26 +0000

Malibu City Council is discussing controversial plans to look at introducing a vacation home tax to solve the councils budget crisis.

The council is dealing with a $1.2 million shortfall. City staff at an Administration and Finance Subcommittee’s special meeting on Monday, May 11th recommended the city begin collecting taxes on the short term rentals of private homes beginning July 1. The tax amounts to 12 percent of the rental price of these vacation homes, and would add an estimated $200,000 to the city’s budget.

However, the State may the may decide to utilize eight percent, or $600,000, of the city’s property taxes to go towards its $40 billion budget shortfall, which would further decrease the city’s revenue.

The tax may be called the Transient Occupancy Taxes and may be levied on rental income from private homes leased for 30 days or less. The Malibu Municipal Code allows for such a tax, but the city has thus far only enforced it on hotels and motels. Property owners of the short-term rentals would be required to register with the city and obtain a transient occupancy registration certificate and pay a one time implementation fee of $25.

Other states do already levy tax on vacation properties leased on a short term basis. Florida for instance has an occupancy tax of 10%. Malibu City Council has said that it will work with local Real Estate Companies to help keep them updated on the progress of this Vacation Home Tax.

Being the leading Real Estate company in Malibu, rest assured that we will keep you informed through our blog. Subscribe to our blog using our RSS feed. (Click here!)

Malibu Celebrity Real Estate: Former NFL Linebacker Brian Bosworth Lists Malibu Mansion fo $8.995 Million

kunisaki — Fri, 06 Mar 2009 15:19:21 +0000

What a fabulous home!

This stunning residence currently owned by Former NFL Linebacker Brian Bosworth, overlooks the leafy area towards Paradise Cove in a stunning situation.

This luxurious slice of Real Estate offers the new owner a 1.7 acre lot with a home containing seven bedrooms, ten bathrooms and a stunning pool and spa!

The home has 8,854 square feet of living space (the MLS listing is here) and was built in 1999. The two story villa also has a four car garage and offers captivating views of the Pacific Ocean. There is also a guest house and much, much more! It is currently listed on the market for $8.995 Million which is a great price considering the homes quality and craftsmanship. It is sure to be snapped up!

Malibu California Development – City Council Gives Go Ahead For Trancas Park!

kunisaki — Wed, 25 Feb 2009 21:39:37 +0000

The hot topic of Malibu’s Trancas Park development looks like it may finally be resolved! In a meeting this Monday the City Council agreed to issue permission for the parks development to get underway.

Trancas Park is a seven acre public park on a 13.5 acre site located at 6050 Trancas Canyon Road, Malibu. It is approximately one half mile north of the intersection of Trancas Canyon Road and Pacific Coast Highway, will contain a multipurpose sports field, a basketball half-court, picnic area, dog park, a restroom/maintenance building, storage building, onsite wastewater treatment system, parking area and a storm water detention basin. The total preconstruction cost is estimated to be $610,000, and the total construction cost at approximately $3.4 million.

Residents were overjoyed at the prospect of the park being developed. Those in favor included many elementary, middle and high school students. The opposition were concerned about fire and earthquake hazards but the council decided to issue the permits to start the development.

This is great news for Malibu and will give local residents yet more facilities to make use of!

Malibu Celebrity Real Estate: Brad Pitt Selling His Malibu Mansion for $18 Million

kunisaki — Tue, 03 Feb 2009 17:04:15 +0000

International Super Star Brad Pitt is selling his post Jennifer Aniston Malibu Mansion for a whopping $18 million.

Brad Pitt purchased the property for a a cool $8.41 million back in August 2005 – which means he is expecting to make a $10 million profit in a little over three years.

The clifftop pad overlooks the gorgeous Pacific Ocean and features glass walls, a swimming pool (naturally) and a tennis court. There is a cute path of steps down to the beach below where the new owner can take advantage of Beach side living. All of course minutes from the center of Malibu and a short drive to downtown LA, Hollywood and Beverly Hills. Also the property has A-list neighbors that include Cindy Crawford and Leonardo DiCaprio.

The Pitt-Jolie camp suggest that Brad and Angelina may be spending less time in the US as they loved their recent stay in France.

Malibu Celebrity Real Estate: Director Rob Cohen Selling Cape Cod Style Home in Malibu for $3.25 Million

kunisaki — Mon, 22 Dec 2008 14:59:18 +0000

Famed Director of “The Mummy: Tomb of the Dragon Emperor” and Producer of the infamous “The Fast and The Furious” has listed his Cape Cod Style home in Malibu for a cool $3.25 million.

The property owned by Rob Cohen, is located in a private six home enclave in Malibu’s prestigious Point Dume area. The main living area of the property is a four bedroom, three bathroom dwelling with 2956 square feet of living space.

In addition to the main house there is also a separate detached two story guest house featuring a single bedroom, single bathroom and a ground floor office. The plot is a decent size at over one acre and the property benefits from fabulous beach/ocean and mountain views. In addition to its great location it also features beach access rights.

Considering the property’s decent proportions and exclusive location the asking price of $3.25 million is sure to attract a buyer, fast!

If you are interested in purchasing a property in Malibu, Pacific Palisades or the surrounding 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.

Malibu California: City Council Approves La Paz Project!

kunisaki — Thu, 13 Nov 2008 04:07:09 +0000

The City Council has finally made a decision on the long awaited La Paz Project. After first being proposed over eight years ago the council has finally approved the project.

Out of all of the different variants of the proposal the city gave its blessing to the 112,000 square feet and 99,000 square feet proposals. The larger proposed project has to face the California Coastal Commission and possibly the state court system. If the project passes these obstacles and gets built, it will become the largest retail development in Malibu.

The larger development includes a donation of 2.3 acres of land from La Paz and $500,000 to the city. Possibly to go towards the cost of the wastewater management system. Which is a political hot potato locally with the cost of the septic system higher than anticipated and plans on who should bear the burden of the cost of its construction and maintenance.

With so much planning going into the entire project, many are delighted that the council has finally said yes to the project.

MalibuGreenMachine Given Go Ahead For Pacific Coast Highway Beautification Project

kunisaki — Thu, 11 Sep 2008 04:25:52 +0000

With such a beautiful environment around Malibu, it is sometimes forgotten that it takes time, effort and cash to maintain the environment which we live in!

The city of Malibu last night was granted control of the Pacific Coast Highway median from Malibu Lagoon Bridge to Malibu Canyon Road. This was part of a deal between the city and the California Department of Transportation who, after concerns were raised about liability decided to relinquish control of the median for the MalibuGreenMachine - a non profit group in Malibu – to beautify!

Whilst the shift in liabiliy has cost the non-profit group $1.5 million in the beautification scheme it has cost the city $20,000 a year in annual maintence as well as the concern about liability should and automobile accident be caused by the median. However the pros and cons were carefully considered and overall the it was deemed that the beautification of the median would be benefitial to the residents and through traffic in Malibu. MalibuGreenMachine is delighted to have been given the opportunity to beautify the median of the Pacfic Coast Highway in what is one of the most famous sections of tarmac in the entire world. However there is still $300,000 to be raised, but charity President does not see this as a problem and expects construction to begin at the end of the month!

If you are considering purchasing a property in Malibu or the surrounding Westside area then please contact Judy Kunisaki and her team in Malibu, CA for professional Real Estate advice. You can contact her on: 310-317-8396 or by visiting her website: www.judysellswestside.com

Malibu Real Estate: Carbon Beach – Polaroid Beach House Listed for $32 million

kunisaki — Tue, 09 Sep 2008 02:27:29 +0000

It’s time for another whopper of a listing to come onto the market! This time a great beach house on "Billionaires Beach" – Carbon Beach. Home to the super rich and famous this strip of sand really does have it all, gorgeous homes all with that stunning pacific ocean view!

Corporate beach houses are of course rife in this neighborhood and promote high end luxury and this property, the Polaroid House is no exception. These homes are designed to be party central for A- List celebrities who go there to be seen and more importantly, be photographed! For the corporate owners the home is a chance to showcase their latest products and hope that the hottest celebrity of the month can stop by for an impromptu photoshoot by the paperazzi and have their product in the photo! The property benefits from 80 feet of Carbon Beach frontage and has just been listed on the market for a rather cool $32 million dollars. A fine price for a property kitted out in the latest Polaroid Technology including flat panel TV’s, DVD players, digital cameras and naturally a beautifully selected furniture package.

You can see a tour of the house on the Polaroid Website: http://www.polaroid.com/beachhouse07/tour.html

If you are interested in purchasing a beach front home in Malibu or the surrounding area then please contact Judy Kunisaki for professional Real Estate advice in Malibu and the entire Westside region. Known for its gorgeous oceanfront property Malibu is idea for those thinking of relocating to the coast! You can contact Judy Kunisaki and her team on 310-317-8396. Or you can visit her website which has a complimentary MLS search facility: www.judysellswestside.com