"Million Dollar Listing" house in Malibu to be Auctioned -- at 65 Percent Off Original listing price
Expect the house to sell for just under $3 million, says Malibu Prudential agent and local blogger, Mike Gardner. Gardner lives near the listing himself and actively tracks the local Malibu market on his web site. The auction has a reserve, which if not met, means the house won't be sold.
The four-bedroom architectural home is located in a private, gated canyon with mature oak trees and streams. It is a short walk to the beach through a tunnel and the home has ocean views. It sits on a flat acre and there is a detached one-bedroom, one-bath guest house. The state-of-the-art kitchen includes stainless steel appliances. The flooring is white marble, imported from Greece. The driveway and motor court are constructed of Arizona flagstone. Katie Bentzen of Arete Estates shares the listing with Hilton & Hyland's Chad Rogers, one of the three "Million Dollar Listing" stars.
The home will be auctioned by Premiere Estates Auctions and sold "as is" with no contingencies and no warranties. A $25,000 cashier's check is required to bid but only a 10% deposit is required on auction day.