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29549 Harvester Rd
Malibu, CA 90265
$7,499,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4007
Property Description
Newly priced and ready to enchant. Experience the romance of an authentic California Spanish Revival enclave in Malibu. The home was recently completed in 2022 and is situated at the crest of Malibu Park, one of the most coveted neighborhoods in the region. Enjoy a private acre of beautiful Mediterranean gardens and terraces with mature trees, five picturesque Spanish fountains, and views of the ocean, Channel Islands, Santa Monica Bay, and surrounding mountains. This custom home brings to life the California Spanish revival style with beautiful finishes including imported tiles, granite, marble, and murals curated specifically for this property. Inside, the meticulous attention to detail is evident in the custom wrought iron work, oak and imported tile floors, and designer lighting controlled by Lutron Caseta. Upon entry, you are immediately welcomed by beautiful natural light and soaring ceilings. An expansive great room is the heart of the home, with the peaceful ocean, bay, island, and mountain views, automated shades, soaring beamed ceilings, an open hallway, and a library above. The comfortable living area offers a stylish gas fireplace and flows seamlessly into a dining area. A chef's kitchen features a massive island with a breakfast bar, a coffee/wine bar, and top-end appliances including Wolf ovens and Miele dishwashers. Both sides of the great room are custom-fitted with french doors, optimizing indoor-outdoor living with an al fresco dining area, outdoor Lynx BBQ, enclosed veranda with heating and an outdoor fireplace, and expansive sun-filled flagstone patios with panoramic views. The primary suite is located on the first floor and is a true private retreat with a spa-like en-suite bathroom that features dual vanities, a soaking tub, and an expansive walk-in shower that doubles as a steam room with seating for up to four people. There is a separate office and three additional bedrooms, including an attached guest suite with a private entrance, kitchenette, media room, and fireplace. Enjoy five separate decks and terraces off of the library and bedrooms, each offering ocean, bay, and/or mountain views. Four garden terraces and a classic Mediterranean l'orangerie garden complete the timeless aesthetic and serenity that this rare property offers. Additional features include an owned solar system and backup batteries, a built-in central vacuum system, and two high-speed electric car charging outlets in the 3-car garage. The property is gated and has a state-of-the-art SimpliSafe security system with door and glass sensors, motion detection beams, water sensors, fire department auto call, and buttons in the master for medical and police. Located moments from the surf and sand at the iconic Zuma Beach, adjacent to beautiful hiking and riding trails, highly rated schools, and local markets, this brand new home is the quintessential Malibu estate ready to be lived in and enjoyed for years to come.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2022
MLS Number
24-344483
Location
Address
29549 Harvester Rd
City
Malibu
State
CA
Zip Code
90265
County
LOS ANGELES (SANTA CLARITA)
Listing
Provider
Name
Compass
Phone
Office Name
Compass
Office Phone
(310) 230-5744
Agent Name
Patricia Palafox Escalante

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.