Two years ago MariSol Malibu opened for business, offering for sale in its first phase, 13 perfectly finished one-acre oceanfront, bluff top Malibu lots. Last week, two more property sales closed: the award-winning Spanish Estate listed at $15.9M and a premier lot listed at $9M. Both sales were to an out of state couple, all cash, with a 2-week escrow. The allure was MariSol’s exceptionally private resort-like lifestyle (think Hawaii or Cabo), the spacious and magnificent Spanish Estate, the freedom to build another dream beach house and the proximity to Camarillo’s jet center. As a result, only 4 oceanfront lots, and one luxurious home under construction, are left in Phase 1.
What’s driving these sales? “Time is running out for those seeking a premier parcel on which to build their dream Malibu beach house with minimal restriction”, says Richard Morris, who along with Ron Coleman, have developed this 80 acre gem. “The truly extraordinary thing about MariSol is its unique entitlement, unavailable elsewhere in Malibu. Freedom from many coastal restrictions allows buyers to build to their dreams, setting MariSol apart from homebuilding elsewhere in Malibu, which is relatively lengthy, restrictive and uncertain. This, coupled with MariSol’s turnkey Homebuilding Program, makes MariSol extraordinarily attractive.”
MariSol’s newest estate, under construction, is rapidly emerging and will be ready for occupancy next summer. Designed by Malibu’s Doug Burdge, A.I.A., this 13,000 SF modern home will be Malibu’s premier oceanfront residence with 7beds, 9baths, elevator, guest house, 70 foot infinity edge pool, movie theatre, billiard room, outside dining terraces, a private “beach” and much much more.
“Our buyers have recognized that once these Malibu lots are gone, their opportunity to build their dream beach house will pass, hence the demand has skyrocketed”, says Scott Morris, marketing director. Also available now in Phase 2 are three super estate parcels, elevated above the oceanfront lots, each 2+ flat acres with extraordinary development opportunities.