Ba Humbug! Half-Finished Ocean View Project Hits The Skids In Malibu

It appears someone's spec project has hit the skids in the hills of Malibu. What's unusual about this one is that it's a large, nice, ocean view project in a neighborhood of homes in the $4-$7 million dollar range. The partially framed project came on the market last month at $3,950,000 and got a whopper of a price slash this week to $2,900,000 with an MLS description saying "will consider all serious offers." I personally like the price cut (that's one motivated seller!) and it may very well be worth a look if you'd like to avoid most of the headaches involved with building a house in Malibu. Maybe one of the execs over at Toll Brothers needs something to do! Call for a showing 310 699 8428 . If you enjoy information about Malibu Real Estate subscribe to my RSS feed! If you don't have a clue about RSS Feeds click here for a simple video explaining it. Here is the MLS description. EXCELLENT PROJECT, PARTIALLY FRAMED WITH STEEL BEAMS. 6000+ SQ. FT. PLANS FOR A SLEEK MODERN RESIDENCE WITH/AN INFINITY POOL. SWEEPING OCEAN, QUEENS NECKLACE AND LITTLE DUME VIEWS. THE DESIGN CAN BE WARMED UP TO SUIT THE BUYER'S PERSONAL STYLE. GREAT OPPURTUNITY FOR A DEVELOPER OR SOMEONE LOOKING TO FINISH A CUSTOM HOME. WILL CONSIDER ALL SERIOUS OFFERS.

Listed with Anthony Barsocchini/ WEA