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5787 Calpine Dr
Malibu, CA 90265
$4,995,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2577
Property Description
Newly built home in prestigious Malibu Park! A private road leads to the beautiful 2-story architectural light & bright home situated on 1.09 acres with mature trees and gorgeous landscaped gardens. European design and finest finishes throughout make this home exceptional. European white oak flooring, travertine, marble and granite in 2 bathrooms and powder room, Italian designer lighting, and solid Mahogany doors. Soaring ceiling, wide wrap-around balconies, every room with a view to Tuscany like gardens and some ocean view. Open floor plan Chef's kitchen , Mont Blanc Quartzite countertops and backsplash, walk-in pantry , breakfast nook, dining area, living room with stylish gas fireplace adjacent to media room , opening up to a morning sun deck. On lower level master bedroom and guest bedroom each with a balcony and ensuite bathroom, 3rd bedroom / office has a private entrance with landing, steps to parking. Separate laundry room and workout room with side door to garden.A paid off 20K Solar System with 30K battery bank supplies home with electricity, with option to use SCE grid power, underground utilities. The 2-car garage is wired for EV Charger. Additional Guest parking 6 cars. Central heat and A/C, WiFi Nest Thermostat, WiFi Irrigation. The patio garden invites to enjoy the warm California sunshine days outdoors, simply relaxing or for BBQ and entertaining. A separate bedroom cottage and fully equipped kitchen cottage w/ outdoor shower add to the living space available on property. Rejuvenate in the Spa under the stars, while listening to the surf. The foundation of the house is constructed on 13 caissons with associated grade beams, has a huge semi finished crawl space with 15' ceiling that can be used as a gym, hobby room, or storage. There is room for pool, detached garage or guest house. Close to Malibu's pristine beaches, restaurants, schools, Trancas Market and Point Dume market Center.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2021
MLS Number
24-346041
Location
Address
5787 Calpine Dr
City
Malibu
State
CA
Zip Code
90265
County
LOS ANGELES (SANTA CLARITA)
Listing
Provider
Keller Williams Santa Monica, original listing
Name
Keller Williams Santa Monica
Phone
(310) 482-2200
Office Name
KW Advisors
Office Phone
(310) 774-3800
Agent Name
Jeffrey Pease

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.