Wow! This $65 million dollar listing that Steven Shapiro with WEA real estate has in Malibu could potentially set the all time record for price in the Malibu area for a single family residence. It's located at 21804 PACIFIC COAST HWY, MALIBU, CA 90265. The realtor.com mortgage calculator indicated that the estimated monthly expense for a mortgage would be over $352,000!!! Holy smokes...Who in the HE-double hockey sticks can afford that kind of nut every month.
The funny thing about this listing is that it's located right on Pacific Coast Highway...Granted, you have private sand on the highly desired Carbon Beach...but you are still on PCH. That amazes me!
In San Francisco, there is a listing at the same price of $65 million located in the famous Pacific Heights district. The address is 2845 Broadway St. San Francisco, CA 94115 and the property is listed by Warwick Properties.
There is such a small group of people in this World that will ever have the resources to purchase either of these homes. I mean, let's get serious...$65 million! What extravagance...Even if I did have the money for either one of these homes, I think I would feel a little strange living in the clouds like this when there are still people in the street begging for money and food. The homeless problem in both Los Angeles as well as San Francisco is literally out of control.
Areas like Pacific Heights in San Francisco and Malibu in Los Angeles are 2 examples of extremely posh living. Despite the headlines in the papers and online about the collapse in the real estate market, one wouldn't know it by evaluating either of the neighborhoods that I have featured in this entry.
1 comment:
David,
Nice blog and really like your daily comments.
We are a nation that thrives on celebrity entertainment and escape. Look at CNN or any other news organization. They will interrupt a daily program if something happens to Brittany Spears or another celebrity, because they know this is what the majority of people want.
The real problems in this country and world are not want people want to see, they rather make excuses and live their lives through celebrity news and entertainment.
Most people would rather watch a program about "Who has lived in this $65mil home", rather than one on how to solve the "health care crisis" or "homeless" crisis in this country.
It's a shame, but true
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