Malibu home just got $1 million cheaper

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The price just got cheaper for an under-construction 6,000-square-foot Malibu manse with sweeping ocean views. The spec house -- partially framed with steel beams -- came on the market last month at $3.95 million and, in the words of Malibu Prudential agent and blogger Mike Gardner, who brought the matter to our attention, ‘just got a whopper of a price slash’ to $2.9 million. The MLS description goes even further, saying the seller ‘will consider all serious offers.’ The property, Gardner says, is in a neighborhood of homes valued at $5 million to $7 million.

Still too rich for your blood? Then you might want to skip the $27.5-million Point Dume property Gardner also blogs about.

--Ann Brenoff

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