This $10M Malibu Home Is Perfect for Stargazing, but Needs a New Telescope

Prospective sky watchers should know that the telescope is no longer in place, but the empty observatory space remains.

“It’s a dome, and it’s a little room,” White explains, noting that it contains a chair, in case anyone wants to go and stare at the stars.

It has been years since anybody has used it, so it needs some work, he says.

On the few occasions he’s been up there, he says, “It’s pretty phenomenal just to be in that space.”

Whether bidders were enamored with the idea of a private observatory or simply because they loved the location, offers came in quickly for the home, which was listed for $9,999,000.

“We had six offers. I put it on the market on a Thursday and received the first offer Friday morning,” White says. “Point Dume has become one of the hottest neighborhoods in Malibu, and everybody wants to be there.”

The views are the main attraction—and not necessarily the views of the stars.

“The views on this home are like no other,” he says. “Everybody who has come to see this house, the first thing that they saw when they walked through the door was the view. That’s what they fell in love with.”

The 5,000-square-foot home sits on just over a half-acre on a cliff. A nearby path leads down to the sand.

Built in 1978, the home is for sale for the first time since the current owners bought it from the builder.

“In 1988, they did a remodel to the property, where they added the second story and the observatory,” White says. “They really built this house for their liking, and it worked for them for the last 44 years.”

---

MORE FROM REALTOR:

---

Inside, the layout of the three-bedroom residence is fairly open, with blond wood on the vaulted ceilings. The exposed wood is typically prized by today’s buyers, but there’s still some cosmetic work on the docket for a new owner.

“A lot of people who have come through the property said that the person who did the remodel and design back in 1988 was kind of ahead of their time,” White explains.

“When you walk through the property, you know that it needs to be remodeled, but you don’t feel like it’s a dated property,” he adds. “It needs some beautification, a little face-lift, to just bring it to the next level.”

Listing photos of the home’s 4.5 bathrooms show a starting point for the face-lift.

“They’re all nice and pretty, and I think the little powder room is original to the house in 1978,” he says.

Part of the 1980s redesign was to take advantage of the ocean views.

“As soon as you walk through that door, you right away see the ocean—and that is priceless,” White says, “No matter where I’m coming from, as soon as I walk in the door, my blood pressure drops.”

White says the buyers don’t plan to make drastic changes right away.

“They said they can easily live in here,” the agent says, “and if it takes a year to get everything squared away, then it takes a year, and they’re happy with what is here.”

So will they install a new powerful telescope in the observatory? We’ll keep an eye on it.

The post This $10M Malibu Home Is Perfect for Stargazing, but Needs a New Telescope appeared first on Real Estate News & Insights | realtor.com®.