Welcome to the Johnny Malibu Blog.

Official Member of the Forbes Real Estate Council.

 

May 11, 2017

Johnny Steindorff Accepted into Forbes Real Estate Council

Johnny Steindorff Accepted into Forbes Real Estate Council

PR Newswire

MALIBU, Calif., May 11, 2017 /PRNewswire-iReach/ -- Johnny Steindorff, Founder of Johnny Malibu Real Estate, has been accepted into the Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.

Johnny Steindorff joins other Forbes Real Estate Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity to submit thought leadership articles and short tips on industry-related topics for publishing on Forbes.com.

Forbes Councils combines an innovative, high-touch approach to community management perfected by the team behind Young Entrepreneur Council (YEC) with the extensive resources and global reach of Forbes. As a result, Forbes Council members get access to the people, benefits and expertise they need to grow their businesses — and a dedicated member concierge who acts as an extension of their own team, providing personalized one-on-one support.

Johnny Steindorff, founder of Johnny Malibu Real Estate, says, "I'm excited to announce that the Johnny Malibu Real Estate team and I have partnered with the Forbes Real Estate Council in an effort to create valuable real estate content for a broader audience. By working closely with the Forbes Real Estate Council I'll have the necessary tools to further cement my leadership role within the community and continue to represent the City of Malibu both accurately and proactively, like only a local can"

Scott Gerber, founder of Forbes Councils, says, "We are honored to welcome Johnny Steindorff into the community. Our mission with Forbes Councils is to curate successful professionals from every industry, creating a vetted, social capital-driven network that helps every member make an even greater impact on the business world."

Johnny started selling residential real estate in Malibu during one of the worst markets in US history. However, it didn't take him long to become one of the top performing agents in all of Malibu. Johnny has dedicated himself to representing both buyers and sellers in confidential transactions involving exclusive, high-end residential and commercial real estate. Johnny has sold over $150,000,000+ in real estate within the past two years.

Johnny Steindorff

JohnnyMalibuRealEstate.com

22611 Pacific Coast HWY

Malibu, CA 90265

(310) 420-8915

About Forbes Councils

Forbes partnered with the founders of Young Entrepreneur Council (YEC) to launch Forbes Councils, invitation-only communities for world-class business professionals in a variety of industries. Members, who are hand-selected by each Council's community team, receive personalized introductions to each other based on their specific needs and gain access to a wide range of business benefits and services, including best-in-class concierge teams, personalized connections, peer-to-peer learning, a business services marketplace, and the opportunity to share thought leadership content on Forbes.com. For more information about Forbes Real Estate Council, visit https://forbesrealestatecouncil.com/. To learn more about Forbes Councils, visit forbescouncils.com.

Media Contact: Johnny Steindorff, Johnny Malibu Real Estate, 3104208915, john.steindorff@gmail.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

May 1, 2017

Johnny Malibu's Top 10: Largest Off-Market Sales of All-Time

As I sat down at my desk to put this article together I got wind of another notable off-market transaction in the works. That sale just happened to be the largest Malibu real estate sale of all time.

Needless to say, the high-end Malibu real estate market is on FIRE and price records are continuing to break at an unbelievable pace. The highest sales in Malibu have always taken place off-market, meaning not listed on a public platform. This leads to a lot of public mystery and uncertainty about how the high-end Malibu Real Estate market is actually doing.

This article is the answer to that uncertainty. Without further ado, the top 10 Malibu off-market real estate transactions of all time...

SPOILER ALERT: #1 happened...This week

Click here for more information and access to Malibu's best Pocket Listings

10) $36,000,000 | Malibu Colony | February 2017

                                                                                             Photo by Linda May Properties

•0 Malibu Colony Rd

•Seller: wawa llc (Unknown) 

•Buyer: Stanley Druckenmiller (Billionaire hedge fund manager). 

• 6,913SQFT | 1/3 acre | 5 Bedroom 7 Bath | Built in 1980 | Renovated in 2010 | Amenities 

About the sale: This marks the highest sale in Malibu Colony’s history. Previous high was $22.75M for this same residence.

9) $36,944,000 | Carbon Beach  | 2012

                                                                            Photo Sourced From Variety.com

•0 Pacific Coast Highway

•Seller: Terry Semel (Former CEO and chairman of YAHOO!)

•Buyer: Larry Ellison (American business magnate)

• 2,395SQFT | .29 acres  | 2 Bedroom 3 Bath | Built in 1996 | Pool, A modern architectural wonder

About the sale: This is one of Larry Ellison's 14 properties in Malibu. The 4th richest man in America is taking over Carbon Beach. His investment strategy... "My strategy is simple, buy the best and only the best."

8) $41,000,000 | Paradise Cove Bluffs | January 2013

                                                                    Photo Sourced from Variety.com

•0 PACIFIC COAST HWY

•Seller: Jerry Weintraub (Three-time Emmy winning producer).

•Buyer: Serge Azria (Fashion Mogul)

• 11,800SQFT | 7 acres | 7 Bedrooms 11 Baths | 1980 | Three guest houses, a swimming pool, tennis court and equestrian facilities- including two barns, stables, and a riding ring.

About the sale: The home was originally listed in 2007 for $75,000,000.

7) $44,000,000 | Paradise Cove Bluffs | March 2016

                                                                                          Screen grab/Google Earth

•0 PACIFIC COAST HWY

•Seller: Jack Ryan (Investment banker and politician) 

•Buyer: Laurene Powell Jobs (Widow of Apple Founder, Steve Jobs)

• 13,000SQFT | 3 acres | 12 bedroom 12 bath | 1951| When complete, the compound will include a large Traditional-style main house on the bluff, a pool house, and two separate oceanfront cottages on the beach. 

About the sale: Sold incomplete to Steve Jobs’ Widow, Laurene Powell Jobs.

6) $48,000,000 | Carbon Beach | April 2017

                                                                      Screen grab/Google Earth

•0 Pacific Coast Highway

•Seller: Lissette Ackerberg (widow of real estate developer, Norman Ackerberg)

•Buyer: Larry Ellison (American Business Magnate)

• 7,700SQFT | Double Lot totaling .776/acre | 5 Bedroom 7 Bath | 1986 | Oceanfront Pool, tennis court, double lot. 

About the sale: This marks Larry Ellison’s 10th purchase on Carbon Beach. The house was originally designed by Getty architect, Richard Meier in 1986 and in order to acquire the needed permits for the house, pool, tennis court and seawall the former owner, Ackerberg, granted the county a 10ft wide easement along side the property for public beach access. After completing the house Ackerberg spent decades fighting the county over the easement she promised, however the public access finally opened in the summer of 2015. 

5) $50,500,000 | Encinal Bluffs | January 2015

                                                                        Screen grab/Google Earth

•0 Pacific Coast Highway

•Seller: Monticello Properties (a private overseas corporation owned by Lynda de Logi, the widow of billionaire biochemist Walter de Logi)

•Buyer: Rande Gerber & Cindy Crawford (Entrepreneur | Super Model)

•5,200SQFT | 6 acres | 4 Bedroom | 6 Bath | Built in 1995 | Double Lot, Pool, Tennis Court, Guest Cottage.

About the sale: Since purchasing and renovating the beach estate Rande & Cindy have subdivided the double lot and listed 33218 PCH (nextdoor) for $60,000,000, nearly 10 million dollars more than they paid for the entire estate in 2015. The $60M ask price gets you a 3.2 acre lot, 5,200sqft 4+6 main house and a supermodel neighbor.

4) $60,000,000 | Paradise Cove Bluffs | January 2015

                                                                    Screen grab/Google Earth

•0 PACIFIC COAST HWY 

•Seller: Marcy Carsey (Producer of hit television series Roseanne and The Cosby Show)

•Buyer: Jimmy Iovine (Beats by Dre Co-founder)

• 3,367 SQFT | 2.3 Acres | 3 Bedroom 4 Bath | 1954 | Lagoon Style Pool and Tennis Court

About the sale: Property once belonged to Richard Geere. The seller, Marcy Carsey, owns another mega-estate on Encinal Bluffs next to Rande Gerber & Cindy Crawford. 

3) $69,900,000 | Serra Retreat | March 2017

                                                       Screen grab/Google Earth

•0 Sweetwater Mesa

•Seller: Mauricio Oberfeld’s LLC 

•Buyer: Malibu lamalibu Sa 

•15,000SQFT | 16 Acres | 6 Bedroom 8 Bath | 1991 | Guest House, Pool, Tennis Court, Private Golf Course and panoramic views of Billionaire’s Beach

About the sale: The Property was purchased in 2006 for 35 million in cash by Teodoro Nguema Obiang Mangue, the son of Teodoro Obiang Nguema Mbasogo, the corrupt president of Equatorial Guinea since 1979. In 2011 the property was seized by the government due to the young prince illegally transferring $75M to the US.The seller in this transaction purchased the property from the Justice Department for $33.5M in 2016. After extensive renovations the property was flipped for nearly $70M, more than doubling the initial purchase price.

2 ) $74,500,000 | Encinal Bluffs | January 2013

                Screen grab/Google Earth

•0 Pacific Coast Highway

•Seller: Howard Marks (Billionaire investment manager)

•Buyer: Unidentified Russian Billionaire (James Jannard is believed to be the buyer)

•15,000+SQFT | 9.5 Acres | 8 Bedroom 14 Bath | 1993 | Two guest houses, tennis court, pool, gym and 300 feet of beach frontage. 

About the sale: This was the largest sale in Malibu's history until May 2017.

1) $85,000,000 | Carbon Beach | May 2017

                                                       Screen grab/Google Earth

•0 Pacific Coast Highway

•Seller: David Geffen (American Business Magnate)

•Buyer: Unidentified Wealthy Human (rumored to be one of the Guggenheim Partners)

•4,000SQFT | 1.15 Acres | 5 Bedroom 6 Bath | 2002/1948 | This property is comprised of 5 lots

About the sale: This is the largest sale in Malibu's history and tops the former record holder by a whopping $10.5M.

Posted in Pocket Listings
March 14, 2017

The New Castle for a New Generation

It was just before 5AM on a windy Sunday morning when the Malibu fire station received the first call. October, 21st 2007 marks one of the most destructive days in Malibu’s history. The fire began when the ritual Santa Ana winds got the best of three power poles lining a parched Malibu Canyon. Investigators with the California Public Utilities Commission concluded that at least one of those poles was illegally overloaded which quickly ignited the straw colored brush lying below. The resulting calamity would claim nearly 4,000 acres, 36 vehicles, and 14 structures. Of the 14 structures destroyed, one would standout amongst the rest.  

 Before The Canyon Fire of 2007 there stood a residence uniquely defined from all other Malibu structures. 23800 Malibu Crest was Perched high above the Malibu Country Mart and toted a personality which begged your attention. The Malibu Castle, as it was colloquially known, was an unofficial Malibu monument. Originally built by Dr. Thomas Hodges in 1978, the Malibu castle would quickly became a celebrity in its own right. Growing up in Malibu it was common to hear conflicting rumors, stories, and history of the landmark. Some of the past rumored owners included Brad Pitt and Angelina Jolie, Bob Dylan, and Tony Robins.

 The most well-known former owner of the castle is Lilly Lawrence. A self-proclaimed Princess, Lilly was born in the oil-rich city of Abadan, Iran. Her Father, Dr. Reza Fallah served as Iran’s oil minister for many years. “Princess” Lilly purchased the castle in 1998 for approximately $3M. It was listed as a 6 bedroom, 8 bath, 10,500 SQFT home with ocean views, 2 apartments, and 5 car garage on 3.5 acres of land. It’s noted that after the purchase Lilly Lawrence performed extensive renovations to the property and even created a website for her new castle. The old website is still up and running and is a nice reminder of how far web design has come since the late 90s. Less than 10 years later the Canyon Fire proved too much for the castle and the fortified facade came tumbling down. Seeing the castle engulfed in flames was a surreal moment for Malibuites. The castle wasn’t just another house it was a legend permanently woven into the fabric of Malibu’s culture and history. 

 According to Malibu public records, Lilly was considering rebuilding her fortress in 2011 but eventually opted to list the property as a land sale instead. The property was publicly listed on October 13th of 2014 for $14,880,000. After being on the market for 113 days the price was reduced over $4M to $10,250,000. The property soon sold to renowned designer and developer Scott Gillen, owner of UNVARNISHED for $9,700,000. The iconic property couldn’t have fallen into better hands as Gillen is currently in the throws of one of the most anticipated new build projects in Malibu’s history, aptly named, “The New Castle.” 

 Gillen’s company UNVARNISHED has quickly become one of Malibu’s most successful design/build developers, creating such projects as “The Who”, a private Gillen designed community. In a way Gillen’s unique architectural style can be viewed as a microcosm of Malibu culture itself. Open spaces, great views, and subtle luxury. Sound familiar?

The New Castle consists of two independent yet cohesive structures; an 11,000 sqft main residence and 4,200 sqft guest house combining for approximately 15,000 sqft of unrivaled interior living space. The property sits atop 2.5+ acres of prime bluff land overlooking the Santa Monica mountains, Malibu lagoon, Surfrider beach, Catalina Island and the full expanse of the Santa Monica Bay. was fortunate enough to meet with Gillen and listing agent, Sandro Dazzan to preview the nearly finished project. As I drove down the private driveway I was met by an attentive security guard with a long list of pre-approved names and vendors permitted to enter the premises. 30 seconds-in and it already felt like a castle. The 400ft private driveway and expansive motor court was lined with dozens of well-used trucks and industrial equipment, all of which was dwarfed by the towering exterior of the resurrected castle. As I approached the grand entrance I was quickly met by Gillen and Sandro who spared no time explaining the intricate details of the motor court. Capacity for 30+ vehicles, heated valet station and elegant concrete paving design. I could already hear the echoes of future party goers exiting their vehicles.  

 As we entered the main house three things immediately stood out; open spaces, beautiful building materials, and a view of Malibu I never knew existed. Gillen prides himself on his ability to create large, open interior spaces while maintaining an intimate environment and The New Castle is no exception. The main level great room is a staggering 121ft of expansive living space unadulterated by a single post, column, or pillar; not to mention the hand-scraped wood floors, 12’ ceilings lined with rich wooden beams and walls of glass beckoning the natural beauty of Malibu inside the castle’s walls. It felt monumental in size yet inviting, warm, and suitable for both an intimate evening with a partner or the blowout party of the year. The great room opens up to the 75’ ocean view infinity pool, begging the question, is that the moat?

On the west wing of the great room stood a custom built Bulthaup kitchen that perfectly compliments the clean, open, and unobtrusive interior. On the opposite end is the office which could be left open or sectioned off by 8.5 foot glass sliding doors framed in solid teak. Additional features of the great room include a walk-in wine tasting room and cigar lounge both encased in a rubik’s cube of solid teak and glass. Right away the unwavering craftsmanship, the attention to detail and the artisanal approach to every square inch of this residence is evident both visually and in the way in which Gillen spoke of his work. Like a Father boasting about their child’s accomplishments, pride was laden in every word he spoke of The New Castle.

The artful, teak-wrapped steel staircase has yet to be installed so we took an aerial lift in its place. Gillen, operating the lift himself, took us to the upper level where we explored the bedrooms. Each bedroom could be the master suite in any other house but this isn't ‘any other house’, this is a castle. The thoughtful and expertly designed bedroom arrangement orients every bedroom towards a breathtaking view. You get a view and you get a view, everyone gets a view! (my first and last Oprah joke). Some of the bedroom amenities include custom built-in Unvarnished closets, desks and cabinetry, 6’ solid teak pivot doors, programable one-touch lights, blinds and climate control, built-in study stations, and an endless supply of ocean view balconies. 

Then there's the master bedroom. An elaborate take on the previous four, sitting high atop the castle, as it should. Simple, open, beautiful and baring the view of all views. Resting high above the heart of Malibu, and looking down upon the luxurious estates of Serra Retreat below, this room is built to awaken the royal blood within. The oversized master bath is fit with an overhead waterfall shower, custom made 5’ circular soaking tub made entirely of solid black walnut, a teak deck overlooking the water and a locker-room sized walk-in closet comprised of Bulthaup cabinetry. 

 As we hopped back on the aerial lift and began our descent It dawned on me we still hadn’t seen the bottom level nor the 4,200sqft 2+3 guest house. I pushed my next appointment. 

The entire bottom level is a Gillen style salute to entertainment. Although the room is still empty it will soon house a top-of-the-line home theatre, game area, custom teak ping pong table and one touch blackout curtains to hide that Malibu ocean view you’ve been over exposed to all day. The room opens up to yet another large teak deck overlooking the Malibu kingdom. While outside on the deck Gillen pointed upwards towards the pool/moat a story above us. “It’s a waterfall” he said. I didn’t respond, I looked and stared and realized that the pool was designed to cascade an entire level down into a large hidden reservoir below. The pool doesn't just have a waterfall, it IS a waterfall. “WOW, the pool’s a waterfall” I proclaimed, charming and clever as ever. 

 We walked around the property and headed towards the guest house. Peering down I saw Larry Ellison’s estate below and thought to myself “that’s an adequate neighbor for a Castle.” As we walked up to the guest house I realized it isn't a guest house at all. Gillen can call it what he wants but at 4,200SQFT this is a proper house house. For reference, according to PropertyShark the average house size in Malibu is just under 3,000sqft. But again, this is not your average house, it’s not even your average castle for that matter. The ground level is a fully loaded gym and spa, packing a full array of fitness equipment, a sauna and a cold-plunge to boot. We walked up a set of teak-wrapped steel stairs and there it was, a matching great room and Bulthaup kitchen sized down a notch. Two more ocean view bedrooms, a few more bathrooms all held to the Gillen golden standard and that was it, “The New Castle.”

In the natural world a forrest fire serves a very important purpose. On the surface, a fire’s initial destructive nature seems life-taking but it’s part of a natural lifecycle that is in fact “life-giving.” A fire clears new space and provides the essential building blocks for a new generation of plant-life to flourish. As destructive and unfortunate as the 2007 Malibu fire was it brought forth the opportunity for new architectural “life.” The next generation’s castle has finally risen from the rubble, it may no longer have turrets, crosses, and stone bridges but I assure you The New Castle is as monumental and regal as ever. Gillen’s ambitious project is set to be complete in the Summer of 2017 with a price tag set at $80M. A price in which you too can be woven into Malibu’s “royal” history. 

Posted in Malibu Development
Jan. 25, 2017

Malibu Real Estate: 2016 in Review

It's safe to say 2016 was a great year for real estate sales in Malibu...

The market saw both stability & growth in comparison to 2015. We saw increases in both average sale price & total volume sold for beach properties, land-side properties, land sales & mobile home sales.

From 2015 to 2016 the average sale price of beach properties soared 22% from approximately $6.3M to $8M. The total sales volume also skyrocketed by approximately 30% in 2016!

Land-side properties also saw slight increases in average sale price & total volume sold from 2015. Land-side homes also sold slightly faster than the prior year.

Land sales also saw slight increases in average sale price & total volume. More interestingly, plots of land sold approximately 2 months faster than in 2015.

Mobile homes (Point Dume Club & Paradise Cove) saw a 35% increase in average sale price & an increase of over 40% in total volume from 2015! 

Hello 2017!

Posted in Malibu Real Estate
Dec. 8, 2016

Malibu Acquires Trancas Field!

Time's Running Out!

Malibu Residents have until December 12th 2016 to fill out the 

Trancas Field Community Questionnaire

Malibu Rejoices! A 35 year old development battle over a 35 acre plot of land known locally as “trancas field” is finally over. 

On August 8th, 2016 the City of Malibu approved the purchase of Trancas Field for approximately $11.3M and closed escrow November 30th, 2016. The land, which has been a topic of debate for three decades, was subject to a high-density residential development-plan originally set forth in 1981 by developer, Trances PCH, LLC. 

After decades of litigation, approvals, disprovals, blood, sweat & tears the residents of Malibu can sleep easy knowing the land will be utilized for the benefit of Malibu & its residents and not for the profit of developers. 

But wait, our work’s not done yet… the City of Malibu is calling upon its residents for their input on how Malibu’s newest acquisition should be utilized. The City has already conducted a series of in-person workshops & focus groups with Malibu residents but if you missed this opportunity and still wish to add your two-cents you’re in luck. 

The City of Malibu has created an online questionnaire to help understand its resident’s needs & how Trancas field can best serve the community. Malibu Residents have until December 12th (only 3 more days!) to complete the questionnaire & help put their stamp on the city we call home. 

Trances Field Property Community Questionnaire: 

https://www.surveymonkey.com/r/SXCB7M2

Posted in Malibu Activism
Nov. 2, 2016

The Jetsons are Coming to Malibu

 

How transportation has and will continue to shape the Malibu Real Estate Market.

I wasn’t much older than 5 when I first recall seeing a futuristic transportation device straight out of the Jetsons. I just couldn’t understand why my mom wasn’t as amazed as I was. As we pulled out of the bank drive-through I remember thinking to myself, “They should totally make giant tubes for people to travel in.” I didn’t find out until the ripe age of 29 that “they” are finally getting around to it. Finally, Tony Stark Elon Musk has taken on the challenge of that little, handsome boy in the bank drive-through.

Now, you may be asking yourself “what do pneumatic deposit tubes have to do with the future of Malibu’s real estate market?” Great question, I’ll get around to it but you have to stop interrupting me. There’s a deep and direct relationship between industry revolutions in transportation technology and the real estate market...not just in Malibu, don’t be so sheltered, but in the ENTIRE world! Accessibility + Growing Industry = Population Growth, which in turn creates real estate BOOMS. I’m not an economist but I can google with the best of them and google is very supportive of the above equation. 

The historical trajectory of Los Angeles’ population undoubtedly coincides with strides in transportation technology. My generation has yet to see a great leap in transportation technology but we all know it’s coming. YouTube videos of sleeping Tesla Driver’s, Uber’s new “Elevate” flying car initiative, the great race to make autonomous
cars mainstream and now…a giant, high speed habi-trail (Google it) hurling humans between San Francisco and Los Angeles in 30 minutes. 

A transportation revolution is currently in progress so we must take a good, hard look at its history to teach us about the future… You know, because it tends to repeat itself and stuff like that. 

According to the Smithsonian, when California entered statehood in 1850 it had an estimated population of 4,000 people. To put that in perspective, Disneyland’s Frontierland has approximately 9,000 patrons on a full day. Yes, a Wild-West themed segment of a theme park in Los Angeles has more than twice the population of 1850 California. So what happened? Why did California’s population explode over the next 166 years? Well, it all starts with the Gold Rush. 

The Gold Rush put California on the map and offered people the motivation to make the laborious trek out West. This time it was the lure of wealth and not accessibility that boosted California’s population but it would soon prove unsustainable. The immediate years after the Gold Rush were dismal. California’s population decreased, crime increased and the gold-centered micro-economy had completely vanished. What on earth could now save California’s economy? A choo-choo train. 

America’s first Transcontinental Railroad was completed in 1869 finally connecting the East and West coast, which would later be divided by 1990s hip-hop but that’s next week’s blog. The very same year the Transcontinental Railroad was completed, a spry 12 year old boy by the name of Fredrick H. Rindge travels to California from Cambridge, Massachusetts for the first time with his parents. This adolescent child would soon gain the title “King of Malibu.”

A second Transcontinental Railroad known as the Southern Pacific Railroad was completed in 1883 and had a direct stop in the City of Los Angeles. Just 4 years after its completion Fredrick Rindge & his newlywed Wife, May K Rindge packed up and headed out west. A decision that was enabled by the ease of transportation between the two coasts. They were not alone, California’s population was now nearing 50,000 residents. The Rindge Family would soon purchase a Spanish land grant known today as the City of Malibu…a very savvy investment. 

Between the late 1880s and 1914 Los Angeles’ population climbed from approximately 50k to approximately 400k. During this time Los Angeles was playing with electric streetcars as a mode of transportation but this was mainly real estate developers who put 2 and 2 together. They purchased a large amount of land, built an electric streetcar transit system through the middle and sold the surrounding real estate at a premium. See, I told you there’s a correlation between transportation and real estate. This streetcar system later proved to be incapable of handling California’s transit needs. Enter the Automobile. Bum bum bummmmmm.

Apparently Uber isn’t a new concept, in fact it’s completely ripped off from an early 1900s concept called the “Jitney” in which an unlicensed taxi would pick up passengers and drop them at their destination for a nickel. Let’s now take a moment to pay tribute to the “Jitney” and all it could have been with the right leadership in place… The concept of private, individual motorists didn’t materialize until the Federal Road Act of 1916 which funded the development and maintenance of roads and highways across the country. One of the biggest beneficiaries of this new federal act was California and a motorist revolution soon took root and continues to dominate California’s transit system to this day.  

The onset of the 1916 Federal Road Act set into motion the construction of a public highway directly through the Rindge’s land. That highway was completed in 1929 and is now known as the Pacific Coast Highway. The construction of PCH opened up the floodgates for Malibu Real Estate. Malibu was now accessible, The Motion Picture Industry was booming nearby and the widowed May K Rindge, needed to payoff her legal fees after battling the federal government over the construction of PCH. needless to say, slices of beachfront Malibu property soon hit the market. PCH + Hollywood = Malibu Population Growth.

Approximately 40 years after the Federal Road Act was enacted Los Angeles’ population exploded to over 2,000,000 residents and Malibu’s real estate market became increasingly active. The motor vehicle revolution was clearly having an effect on Los Angeles’ population. However, not everyone felt that the private motorist revolution was an efficient means of transporting the masses. A July 1954 issue of Fortune Magazine concluded: “it is easy to show that highways are highly inefficient for moving masses of people into and out of existing business and industrial centers.” 

Los Angeles’ population growth has continued to this day. There are now approximately 4,000,000 residents in Los Angeles and the transit system is in a steep decline. Commutes are increasing when they should be decreasing; it’s 2016 and I can walk faster than most cars in LA. It’s this inefficiency in transportation technology that holds back the Malibu Real Estate Market. Many people can’t fathom tacking on another 30-45 minutes to their already tedious LA commute. In an ironic turn of events Malibu has once again become isolated by the lack of an efficient transit system. Fret not my friends, the future is coming. 

“Necessity is the mother of invention.” California’s current transit system hasn’t been able to keep-up with the rising population and we’ve reached a breaking point. Enter a transportation revolution. The rise of the autonomous vehicle will drastically effect the way in which we think about our commutes. Commutes will no longer be a “dead” time in our day but rather a great time to work, eat, or even brush your teeth? I’m not really sure what’s appropriate to do yet but I assure you it will be a more efficient use of your time. But wait, there’s more! Traffic will be greatly reduced by simply extracting the “human element’ from the equation. Cars will effortlessly flow down the streets singing “Heigh Ho, it’s off to work we go.” No road rage, no human error, no drunks and everyone texting next to you won't be an imminent death threat.  All of a sudden, the commute to LA proper from Malibu decreases tremendously and you have an ocean view to look at while you sip your Billion Dollar Smoothie

But then again you may not have to drive at all, your autonomous vehicle may just have a pair of friggin’ wings. On October 27th 2016, Uber introduced “Uber Elevate”, a project which hopes to employ electric flying vehicles that can takeoff & land vertically, like a helicopter but not a helicopter, it’s a flying-car-copter™. Uber plans to unleash these bad boys by 2026 and claims it will effectively turn a 2 hour commute into 15 minutes of futuristic glory. Malibu to Downtown LA in 15 minutes? Yes, please. However, cleaning up LA traffic isn’t the only factor that will help fortify Malibu’s Real Estate Market.

Elon Musk claims he was sitting in LA traffic when the idea of his Hyperloop One came to him. I won’t get into the technological or political details of such a project but it’s essentially a high-tech spin-off of the pneumatic tube system from the bank but for people. This tube will chauffeur people from SF to LA at top speeds of 750MPH creating an even smaller world than we already live in. This cross-pollination of large metropolitan areas will surely have an effect on Los Angeles Real Estate which in turn will overflow into one of the most undervalued real estate markets in Los Angeles, Malibu. 

As the efficiency of transportation increases, the world grows smaller and the demand for real estate will rise. Imagine a world in which commuting from Los Angeles to San Francisco for work is a mundane occurrence. A world in which a booming tech industry in Silicon Valley will essentially become conjoined with Los Angeles. A world in which our commute is nothing more than a mobile extension of our living rooms. Now think about how special Malibu is. Think about how many “city-folk” will covet our open spaces, our beautiful beaches, our small-town vibe now just a jaunt from LA and soon SF. What’s that formula again?

 

Posted in Malibu Real Estate
Oct. 28, 2016

6) It's the Great Pumpkin, Malibu

If you’re a local like me, you really appreciate the fact that there’s finally somewhere we can go in Malibu to get pumpkins. No, I don’t mean Ralphs or CVS; somewhere where you can actually have that authentic “I’m going to go pick out my pumpkin” experience. Malibu Funny Farm, at PCH and Zuma View Place, is that place where all your pumpkin patch dreams can come true. It has every type of pumpkin known to man, carving tools for sale, a full-blown petting zoo and bounce house. Locals, celebs, couples on first dates, and out of towners have made Malibu Funny Farm’s first year here a slam dunk and we hope it continues every year. 

Oct. 21, 2016

5) Hey Malibu: You’re doing the Santa Ana winds all wrong

Johnny Malibu Real Estate Team Running Zuma Beach during October's Santa Ana Winds

Hey Malibu: You’re doing the Santa Ana winds all wrong.

Most Malibuites have a negative opinion concerning this meteorological phenomena. The Santa Ana winds are usually (and appropriately) associated with allergies, fires, fallen trees and unbearable heat, however, there’s a perfect way to utilize these weather conditions to create phenomenal early-morning experiences. 

The next time you hear that the Santa Ana winds will be blowing by, don’t frown! Just set that alarm clock for 5AM and head to the beach! Seriously, if you’ve never done this you’re missing out tremendously. 

There’s just something incredibly magical about being on the beach before the sun makes its way above the horizon from the comfort of your shorts, tank, and flip flops. The beach is empty, the rising sun illuminates the shallow ebb and flow of the water and you’re instantly transported into a preloaded desktop screensaver of your dreams. 

My team and I have made this a part of our routine and encourage you to do the same! When life gives you hot wind, make a sandcastle.

Oct. 12, 2016

Team Malibu 2016: Malibu City Council

Malibu is beautiful.

This is something most of us can agree upon. Beauty also happens to be Malibu’s biggest commodity, it’s what attracts and keeps our residents here, it’s what drives our businesses and most importantly it’s why locals feel as passionately as they do about preserving Malibu’s natural beauty and corresponding culture. Locals know that Malibu is just as much a lifestyle as it is a location and if Malibu falls victim to over-development everything that we’ve come to love about Malibu will crumble. 

Malibu’s unrivaled coastal living and its adjacency to the City of Los Angeles is what lures people here from across the globe. Unfortunately, it’s also what makes Malibu a hotbed for local and international developers. As a local resident and real estate agent, I’m always on the pulse of this battle. It’s an interesting position to be in, a position in which your beliefs and your industry meet and don’t really get along so well. 

One of the greatest things about selling Malibu real estate is that you’re really just selling a lifestyle, a lifestyle that’s unique to Malibu and reflective of the natural beauty that surrounds its residents. The preservation of this Malibu lifestyle isn’t something that’s just happened due to good fortune; if it weren’t for local-activists who fought against over-development, Malibu would be the South Beach of the West Coast. 

As a lifetime Malibu resident I feel passionately about preserving the place & culture that shaped the man I am today. With that said, I’d like to offer my full support, advocacy & praise to Skylar PeakRick Mullen and Jefferson “Zuma Jay” Wagner for Malibu City Council 2016. 

The trio of Peak, Mullen & Wagner embody the unique values that make Malibu, Malibu. I won’t get into the details about why they’re the most qualified candidates for the job, I’ll let you judge for yourself here: www.teammalibu2016.com

I’m personally endorsing & voting for Peak, Mullen & Wagner November 8th 2016 because I want the reassurance of knowing that my hometown & the future hometown of my children will be preserved and protected with the integrity and passion that only local heroes like Skylar Peak, Rick Mullen & Jefferson “Zuma Jay” Wagner can. 

If you feel as passionately as I do about the future of Malibu, please consider donating to their individual campaigns here: www.teammalibu2016.com/donate.

And don’t forget to vote November 8th 2016 (put it in your calendar now!). 

*Although they’re running as a team, you must vote individually for each one of them come Election Day. It's crucial that all three are elected. 

Johhny Steindorff

Posted in Malibu Activism
Sept. 29, 2016

4) Duck Dive | Our Favorite Local Watering Hole

If you’re looking for the spot where Malibu locals come to enjoy a community feel, killer drinks and awesome food, Ollie’s Duck Dive is our top pick. Located off of PCH in Point Dume, Duck Dive offers a contemporary look and feel to your typical gastro pub. Go there on a weekday to enjoy a craft beer and some awesome happy hour treats (if you don’t try the Salmon Poppers you’ll suffer from severe FOMO). And definitely don’t miss out on the weekend nightlife where you’ll vibe out to great local acoustic artists. 

Local wines, craft beers and cocktails are constantly flowing at this neighborhood watering hole...however the food alone will make you come back and become a regular. Essentially, Duck Dive is pub food done right. With a modern feel to the menu, Duck Dive’s chef Francesco takes pride in offering eclectic and even healthy twists to your typical gastro pub menu. Their ingredients are even sourced seasonally from Malibu farmers...does it get much better??

From Truffle Fries that will dazzle you, awesome Dive Rice, INSANE bowls and legendary Bison Burger, everything is savory and truly unique. We particularly love the Seared Ahi Tower, which is as refreshing as a salad but fulfilling like a meal...it’s essentially a sassy & spicy take on your typical tuna tartare. Another fav is Mary’s Dive Bowl, which has an crazy good lime-crema dressing and a watermelon radish that adds a lovely crispy touch to this already perfect dish. We cannot say enough about Duck Dive’s food...other than they’re so good, they seem otherworldly. 

Created for the neighborhood and known for the the nightlife, the killer food, and drinks, Duck Dive captures the true local Malibu vibe.