Ouch! Even billionaires have been hit by the declining housing market.
If anyone wants to buy a $22 million mansion in Malibu, there is a auction occurring on Sept 18th. This 10,500 sqft home, with sandy beach frontage, located on “Billionaire Beach” in Malibu is up for auction and said to be a steal at only $22 million. The current owners bought the home in 2007 for a mere $65 million.
The Wall St. Journal estimates it costs approximately $200,000 a month to maintain the home.
If an serious buyers want to purchase this home PLEASE let me know. I’d be happy to attend the auction with you:) I think Malibu would make a lovely summer home for any Tucson resident….
Realtor, Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana real estate home sales.
