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14 | July 13, 2016 | Malibu surfside news Sound off malibusurfsidenews.com THE MALIBU REAL ESTATE REPORT An index of the highest sales in Malibu Rick Wallace Contributing Columnist Malibu resident The highly rumored sale of the Playboy Mansion in Holmby Hills provides great fodder about past mammoth home sales in the Southland. That same iconic residence that first broke the $1 million threshold in 1971 may now be the first residence that cracks the illustrious $100 million level in the Los Angeles area. The record sale for a residence in Malibu is about $75 million for a massive bluff estate across from Decker Canyon in the Encinal Bluffs area. Innovative Medicine- Compassionate Care Just as the Playboy Mansion is breaking a record for a second time, Malibu’s record-setter has surpassed its own summit more than once. The adjacent chart shows the highest sales for a variety of time periods since year 2000, for the most expensive beaches and neighborhoods in Malibu. The Encinal Bluffs estate was also the first ever to top $30 million, in 2001. This year has been particularly lean of huge sales, and the industry is feeling it. No home has sold for more than $20 million as of this writing. In fact, at the mid-year, no sale in any neighborhood has topped last year’s best, despite a very healthy year of price appreciation otherwise. Nevertheless, the gradual progression of increasingly higher sale prices is evident in the chart. The heyday of Malibu real estate is still 2006- 2010, the middle of which saw Malibu’s highest median price (at $3,325,000 in 2008). More neighborhoods on the chart hit their peak during those years than any other time period listed. Certainly, since 2005, every place in Malibu has seen a new peak. Most of the mammoth sales occur at the beach, of course, and particularly at large multi-acre estates on the bluffs, particularly at Paradise Cove and Encinal Bluffs. Such spots enjoy nice beaches below large flat properties on the bluff, often with multiple living structures behind walled property boundaries. All Malibu sales over $40 million have been in those two locations. The only time a property has sold off a beach-adjacent location for more than $30 million was the huge visible estate directly overlooking the Malibu Pier. That was 10 years ago. Other “land side” locations are included for interest. A celebrity purchase of a bluff estate overlooking Zuma Beach brought an eye-opening price of over $22 million for Malibu Park in 2014. A cul-de-sac property on Point Dume brought in $17 million during a quiet, unlisted sale three years ago. Serra Retreat has topped $10 million a total of nine times over the years. The three-time recordsetter in Malibu is a mansion estate on seven flat acres that has sold for $27 million in 1999, $31 million in 2001, and $74.5 million in 2013. The latest sale still cannot be confirmed in public records but is widely accepted as the price. Many Please see Rick, 15 Preventative Medicine I Surgery I Orthopedics I Endoscopy I Laparoscopy I On-Call Emergency Services I Ultrasound I Acupuncture and Alternative Medicine I Class IV Laser Therapy I Dermatology I Boarding I Grooming REMINDER - Rattlesnake Season! Protect your Pet from Rattlesnakes. We are here to help. Call us with any questions or concerns. Malibu Coast Animal Hospital 23431 Pacific Coast Highway Malibu, California 90265 tel:310-317-4560 www.malibuvets.com INTRODUCING VINTAGE WOODS The Woodflower Bed. Made from beautiful, eco-friendly reclaimed wood originally milled and harvested 50 to 100 years ago. Sustainable furniture, non-toxic material. Made in the U.S.A. Experience what a luxurious night's sleep feels like on one of our beds. organicpedic by OMI © Churchill & Smith © Ethos by Diamond Vivetique Plus Adjustable Beds, Comforters, Duvets, Specialty Pillows and more! Certified for Purity MON.- SAT. 10-5:30 | SUN. 12-4 2920 E. Thousand Oaks Blvd., Thousand Oaks www.SnoozzzMattress.com 805.379.2400
malibusurfsidenews.com Sound Off Malibu surfside news | July 13, 2016 | 15 Don’t Panic, It’s Organic Invisible Gardener comments on another GMO research study Andy Lopez Contributing Columnist Invisible Gardener Here we go again. The following my response on a recent article published in the Los Angeles Times on Thursday, July 7, titled “Bad GMO Policy.” The article reports on a study done by the National Academies of Sciences, Engineering and Medicine, which concluded that genetically modified organisms are just as safe, if not safer, than the non-GMO versions. This time, I was able to find the study and read it several times. The study starts off by saying that GMOs have been studied and tested and found to be safe for decades. Then the study goes on to talk about Roundup-ready foods and how safe Roundup is and how GMO foods are better for farmers than organic systems. Let me just say that I like the study and the time and energy taken into this body of work. However, I do not see how they were able to conclude that GMOs are safe for humans and animals. They reasoned that no animals have gotten sick from eating it, and no humans have gotten sick either, so it must be safe. GMOs are safe for the environment. Their studies prove that farmers using GMOs have fewer pests and diseases on their farms. While the study does not say that conventionally grown and organically grown have the same nutritional values, they certainly imply that. They conclude that the general public is incorrect in their fears and assumptions about GMOs and they should let scientists and farmers take care of business. Frankly, I do not see anywhere in the study how they actually studied if genetically engineered foods were actually damaging human or animal genes over time. They never say how long the study was. They do not give us the facts of this particular study on humans and animals. The main problem this article has is the fact that businesses that produce and sell GE food do not want it labeled as such and are confident that the general public would then not buy it. I know that I would not buy any food that is made from GE food. I agree that having a warning label means danger and beware, and why label it if it is safe? Well, it has not been proven to me to be safe, just like DDT was called safe for many years until it was not. The study also states there are no instances of GE overflow from conventional to organic farms, which is also incorrect. There are many studies which show just the opposite is occurring. Altogether, I understand why the general public is leery of these studies, especially if they come from well-established organizations such as the ASEM. Also — and this is important — scientists and the general public are on two different pages when it comes to their understanding of GMOs and GEs in particular. Genetics is a slow process and this introuction to our food stream may not show up immediately, but can and do have the potential to show up later and then to do extensive damage. GE food needs studying over many decades under strict conditions, and this is not possible without violating someone’s rights to know what they are eating. I think it is wrong to let the general public become guiniea pigs in this. I believe that the government should pass laws to govern these products and to protect living beings and the environment from companies who only goal is to sell more chemicals to a confused public. The government should instead use this technology to develop safe systems not based on financial gains, but world gain — one that benefits the whole instead of the small part. Another problem with GE foods is that it violates the rights of organic farmers and their 100 percent organic seeds as well as the Organic Certification system. I don’t just eat organic foods because I believe it is healthier for me — that is just one reason. Another reason is that I believe in the organic system and how it relies on sustainability. In that, it makes things better and not worse over time. Organic farmers that actually use and follow the organic system actually grow more and more nutritionally rich food, while spending less and less and at the same time not damaging the environment with toxic waste runoff from their fertilizers, pesticides, etc. So don’t be fooled into believing that everything is fine and A-OK with GE foods. Insist that scientist listen to doctors and look closely at GE foods and what potential to damage can occur if not studied to include effects of, say, Roundup on humans as well as on the whole biological system. Any questions? Send me an email at andylopez@ invisiblegardener.com. Rick From Page 14 mega-transactions these days take place out of the multiple listing service in private arrangements; the details are not shared with Realtors or the media. They become known through rumor and ultimately are confirmed by information that is publically available. Carbon Beach has been the preeminent beach in Malibu, surpassing the Malibu Colony and Broad Beach from past eras. There is a very big reason for that and it involves very small objects: sand granules. It took a celebrity beach compound to raise up Broad Beach for the mantle last year; “most expensive beach sale of the year” coming in at $28 million. That property has almost 150 feet of beach frontage. Rick Wallace has been contributing real estate articles to the Malibu community since 1993. He is the 2016 President of the Malibu Association of Realtors. The information herein represents his own perspective and does not represent the Association. Highest real estate sales in Malibu Record sales 2000-2005 2006-2010 2011-2012 2013 2014 2015 2016 Carbon beach 17300 37000 36943 8500 28800 22000 14320 Colony beach 22660 30000 21450 17350 20000 10382 11500 Broad beach 17500 23500 10955 12500 18000 28000 Paradise cove bluff 25000 21500 36500 42500 15300 60000 Pt dume bluff 11995 35000 21000 9608 33500 19900 17100 Encinal bluff 31000 18650 13000 74500 8700 50500 15000 Serra retreat 17000 30300 9454 5950 11450 12940 11600 Land side 6400 10500 10225 11500 10100 5675 Latigo- ramirez Point dume 4500 11600 8000 17000 9950 12500 7000 Off the bluff Ramirez cyn 5250 4500 2000 1455 6814 6150 4100 Bonsall 3995 4750 8500 4000 3900 Malibu park 6000 13443 5550 8700 22500 15000 5325 all values shown are in $000s
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