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6110 Merritt Dr
Malibu, CA 90265
Christopher Cortazzo with Compass, original listing - (310) 230-5744
$21,500,000
Conventional
Property
Bedroom
5
Bathroom
Full: 8, ½: 1
Property Type
Conventional
Square ft
10331 Square Feet
Property Description
Welcome to an exceptional luxury estate where elegance meets breathtaking views. Upon arrival, a circular driveway with a double-gated entry leads you through beautifully manicured lawns and pristine landscaping. The stately approach ascends to a grand front porch, offering commanding mountain vistas. A double-door entry invites you into a foyer with soaring ceilings, recessed lighting, and crown molding, set against the backdrop of stone tile floors and expansive front windows.Straight ahead, sliding wood doors reveal a formal living room with two-story ceilings, a grand stone fireplace, and sliding glass doors that vanish into pocket walls, opening to an ocean-view deck stretching the length of the home. Adjacent, the formal dining room features a sparkling chandelier, French windows, and a balcony overlooking the lush front yard.The family room boasts high-beamed ceilings, an entire wall of built-ins, and another grand fireplace. It, too, opens onto the expansive deck, offering both private and shared dining areas, all with sweeping ocean views. The gourmet kitchen is a chef's dream, with stone counters, a six-burner range, double ovens, and a large island with bar seating. Adjacent, a sunlit breakfast room with rounded walls and cathedral ceilings opens to the deck through French doors.An impressive home theater await that includes plush seating, a concession room, and direct backyard access. Nearby, a wine cellar with a tasting room sets the stage for intimate gatherings. The entertainment room, complete with a wet bar and billiards, offers seamless access to the outdoor oasis.The home's private quarters include multiple luxurious bedrooms, each with en-suite bathrooms and panoramic views. The master retreat is a sanctuary with wood floors, a chandelier, and a private deck overlooking both the ocean and pool. The two spa-like master baths feature a freestanding tub, marble shower, and double extensive closets.The backyard is an entertainer's paradise. Multiple lounging and dining areas, a sport court, and a rectangular pool with an in-ground Jacuzzi are framed by ocean views. Outdoor amenities include a fully equipped kitchen, fire pit, and pergola-covered dining space. Beyond, a serene garden with box planters, citrus trees, and even vineyards complete the estate's lush grounds.With a three-car garage and space for over 15 vehicles for guest parking, cutting-edge security systems, and meticulous design throughout, this estate offers unparalleled luxury and privacy in an extraordinary setting.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1992
MLS Number
--
Location
Address
6110 Merritt Dr
City
Malibu
State
CA
Zip Code
90265
County
LOS ANGELES (SANTA CLARITA)
Listing
Name
Phone
(310) 230-5744
Office Name
Office Phone
(310) 230-5744
Agent Name
Christopher Cortazzo
Agency Phone
(310) 230-5744

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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.