The following are some details about the Sea Star Estates Lots in Malibu, including the retail prices and sizes per lot (prices were set according to lot size, view type and size of proposed estates):
THE SEA STAR ESTATES
Lot #3: SOLD for $2,100,000 (was asking $3,000,000), apx. 1.1 acres (apx. 7,000 sqft home)
Lot #9: Reduced to $2,600,000 (was asking $3,300,000), apx. 1.3 acres (apx. 7,000 sqft home)
Lot #10: Reduced to $2,900,000 (was asking $3,600,000), approx. 1.77 acres (apx. 8,200 sqft home)
Lot #12: Reduced to $1,750,000 (was asking $2,100,000), apx. ¾ (.75) of an acre (apx. 5,600 sqft home)
Lot #13: Reduced to $1,750,000 (was asking $2,100,000), apx. ¾ (.75) of an acre (apx. 6,000 sqft home)
Lot #19: Reduced to $1,600,000 (was asking $2,000,000), apx. 1.2 acres (apx. 6,350 sqft home)
All lots are proven buildable and mostly flat. Many studies have been completed in the city of Malibu. Architectural plans are in process on all lots in the city as well. This specific part of Malibu (overlooking world famous Zuma & Broad Beach), is known as Malibu Park. The preliminary architectural plans call for home sizes ranging between 5,600 to nearly 8,200 sq ft. This is a rare opportunity to create your own Malibu ocean view estate, all behind the prestigious gates of the Sea Star Estates.
The Seller (who is retiring overseas) is interested in selling one or all five remaining lots and will offer price incentives to Buyers and/or Developers interested in buying all five lots.