Come see my unbelievable, ocean view, 1-bedroom listing at 11916 Whaler’s Lane, in the third row from the sand at the Malibu Bay Club complex. It’s an ocean lover’s dream, with Malibu’s hidden “Staircase” beach to the east of the complex, and the famous “County Line” surf spot to the west. And the kelp bed in front of the Malibu Bay Club’s seawall, with it’s abundance of marine invertebrates, fish, mammals and birds, is a great place to paddle-board & kayak.
This property truly won’t last long. At $479,500, this is the lowest priced property in Malibu and we haven’t seen this price on the oceanside of PCH since the distressed sales of 2008-2012! As Rick Wallace points out in his latest Surfside News column, “The marketplace for condos in Malibu is virtually capped – no condo projects are foreseen in the years to come in Malibu – if ever.” And that is why the under $1 million dollar condo market is on fire now, with extremely limited inventory. Since the beginning of 2016:
* 11 condos have sold under $800,000 – with 3 remaining under $800,000 (caveat noted below)
* 5 have sold between $800,000 and $1,000,000 – with 6 active listings in this price range
Actually – just 11916 Whaler’s Lane is available in the “under $800,000 category,” as the other 2 condos listed for sale are subject to existing leases. (They are being listed as “investment opportunities,” but are also advantageous to the listing agents for Zillow buyer leads.)
Now – if you need a 2-bedroom condo or want a better ocean view – I’d be happy to show you any of the other 4 condos on the market at the Malibu Bay Club. But you’ll have to jump up to the $825,000 to $940,000 price level. So if you can’t afford more or just want the simplicity of a single story, ground-floor beach get-a-way, call me at 310-383-6683, before 11916 Whaler’s Lane sells!
For more information about the Malibu’s scenic, County Line area, please read my post about the County Line neighborhood in beautiful western Malibu, (Neighborhoods, County Line.)