Joel Silver’s Malibu Pad Is Back for $52M, Making It Most Expensive New Listing

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Producer Joel Silver has one more blockbuster to introduce: His Malibu, CA, beach house is back on the market for $52 million. Even with a freshly lowered price, it’s still our most expensive new listing of the week on realtor.com®.

The 65-year-old responsible for the “Matrix” trilogy, the “Lethal Weapon” franchise and the first two “Die Hard” movies has rebooted his Malibu real estate listing.

As we reported over a year ago, Silver was offering the home for a whopping $57 million. But the listing languished. So now, like a reinvented action hero, it’s back, and better than ever. Or, at least, with better photos.

Joel Silver’s Malibu beach home

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Open living space

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Dining room with fireplace

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Chef’s kitchen

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Master suite with private balcony

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Covered patio

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Pool with beach views

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Now we get an up-close view of the ultra-exclusive Carbon Beach property, which comes with 130 feet of beach frontage and one of the longest lots on Carbon at 250 feet.

The seven bedrooms and eight bathrooms are spread out on an almost 3/4-acre lot, which includes the only lighted tennis court property on the beach side, according to listing agent Judy Feder with Hilton and Hyland.

Enter from the circular driveway through the serene courtyard into the two-story main house, which features open living spaces, a lofted office above the living room, a chef’s kitchen, dining room with fireplace, five bedrooms, and six bathrooms. The master suite features glass doors that open to a private balcony.

The extensive outdoor space includes a pool, spa, and multiple covered patios as well as sun decks. There’s a staircase that leads down to the beach, and the property is situated directly at the water’s edge.

There’s also a detached guest house with two more bedrooms and two bathrooms.

“The property is one of the largest left for sale on the most prestigious beach in Malibu, Carbon Beach,” says Feder.

If Silver gets anywhere near the neighborhood of his ask, he will be pocketing a nice profit. He purchased the property from the late producer Robert Chartoff in September 2003 for $14.4 million, according to Variety.

Unlike many sequels, this real estate deal may turn out better than the original.

The post Joel Silver’s Malibu Pad Is Back for $52M, Making It Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®.

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Evictions Are More Common Than You Think: Who’s Most at Risk?

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For many tenants, the rent is just too darned high—especially in some of the nation’s priciest cities. But the alternatives (couch surfing, moving back in with the ‘rents, or sleeping in a car or homeless shelter) aren’t exactly appealing either.

With prices rising across the nation, about 20% of renters couldn’t pay their bills in full for at least one of the past three months, according to a recent report from Apartment List. The rental apartment website estimates that about 3.3% of renters, or 3.7 million Americans, have experienced an eviction as a result.

The report was based on the more than 41,000 responses Apartment List received for its annual survey.

“This is a really serious issue, to have all these people struggling to pay their rent each month,” says Apartment List’s housing economist, Chris Salviati. “It uproots households and communities, creates chaos or instability in their lives, and it can be very difficult to recover from an eviction.”

Renters may go without enough food, medications, or transportation in order to write that monthly check. So once folks lose the roof over their heads, it’s often difficult to get it back. Evictions usually stay on credit reports for seven years, making it difficult for would-be renters to qualify for new abodes. And there isn’t enough government housing assistance for the poorest Americans to go around.

“Without stable, affordable shelter, everything else falls apart,” Matthew Desmond, Pulitzer Prize–winning author of “Evicted: Poverty and Profit in the American City,” previously told realtor.com®. The book told eight real-life stories of Milwaukee residents and families who were grappling with evictions.

“If you get evicted, you have a 20% higher likelihood of losing your job within 12 months,” he said. “It’s such an overwhelming stressful event that it can cause you to make mistakes at work.”

Kids whose families have been evicted are more apt to suffer academically and develop behavioral issues. And being kicked out of a home is part of a slippery slope that often leads to homelessness.

Who’s most likely to be evicted?

Black households, who are more likely to be the targets of discrimination from landlords and housing courts, had the highest rates of eviction. About 11.9% of black renter households faced losing their homes within the past year, according to the Apartment List report. That’s more than double the 5.4% of white households that faced eviction over the same time period.

Asians had the lowest percentage of eviction threats, at just 2.5% within the past year.

Those with children were twice as likely to face the threat of an eviction. About 30.1% of single parents said they had a hard time paying rent in the past three months, while 27.2% of married couples with kids reported the same.

The culprit is predominantly the high costs of child care for working parents. The average cost of day care for toddlers can set families back $8,043 to $18,815 a year, according to a Care.com analysis. That’s particularly tough for lower-income families.

Renters who didn’t go to college, and therefore are likely to earn less money, are also almost twice as likely to be threatened by eviction.

The most eviction-prone areas aren’t where you’d think

Ironically, renters in dirt-cheap parts of the country are more likely to experience eviction. That’s because there often aren’t a lot of good-paying jobs—or any jobs, really—in these areas. And it’s hard for residents without incomes to pay rent. These areas may have also been hard-hit by the foreclosure crisis.

Eviction rates are higher in the South and Midwest than in the rest of the nation, according to the Apartment List report. It’s the worst in Memphis, at 6.1%, followed by Phoenix, at 5.9%; Atlanta, at 5.7%; Indianapolis, at 5.6%; and Dallas, at 5.6%.

The expensive coastal cities, such as San Francisco and New York, have lower rates of eviction. But that’s because the economies of these areas are stronger and workers are typically paid higher wages to offset bigger housing costs.

“A place like San Francisco has a super-competitive housing market,” Salviati says. “If landlords have more discretion of who to rent to, a renter who is likely to miss a rent payment would probably have a hard time even finding an apartment in the first place.”

The post Evictions Are More Common Than You Think: Who’s Most at Risk? appeared first on Real Estate News & Insights | realtor.com®.

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Home prices will fall 10% if state and local deduction taken away, Democrats say

The Republican tax plan currently under consideration would make homeownership less valuable, according to the Realtor lobby group and Democratic congressional leaders.

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Realtor.com drops support for its Windows app on PC and mobile

Realtor.com is the latest company to drop support for its Windows app.

The property listing service has started emailing users to alert them of the impending shutdown.

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These are the 10 most expensive homes on the market in the Louisville area

If you've been keeping up with our monthly reports about the most expensive home sales in Louisville, then you know times have been good for the residential real estate market. For the year through September, sales by Louisville-area Realtors were up 2.9 percent from a year earlier, according to the Greater Louisville Association of Louisville. And that's despite a decline of 6.3 percent in September. Prices have remained strong too. The average selling price in September was $207,956, up 4.4 percent. And…

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7 Haunted Houses You Can Stay In … but Will You Sleep a Wink?

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With Halloween fast approaching, you may be doing your very best to make your home as spooky as possible. But what if you could leave behind your fake tarantulas and menacing witches and go in search of real ghosts by spending the night in an authentic haunted house?

From coast to coast, creepy abodes abound. Once the sites of grisly murders, these dwellings now serve as inns and bed and breakfasts for all who are brave enough to enter. If you’re in the mood for an unnerving overnight, we’ve got all the frightening details. Here’s to sleeping with one eye open!

The Lizzie Borden House Though Lizzie Borden was acquitted, she was ostracized within the Fall River, MA,  community.

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Located 50 miles south of Boston, the Lizzie Borden Bed & Breakfast is the former home of the infamous spinster who allegedly gave her father and stepmother countless “whacks” with an axe, as the grim nursery rhyme purports, back in 1892.

Guests have a choice of eight rooms, including the ones in which the unfortunate pair were murdered. The John V. Morse room, where Lizzie supposedly offed her stepmom, has a crime scene photo of poor Mrs. Borden hanging just beside the bed, in case you forget where you’re staying. Not that you would—visitors report creaking floors, doors opening and closing on their own, and shadows that seem to ascend the Victorian’s staircase.

If you believe in the old adage, “There’s safety in numbers,” you’ll be glad to know that all but one room can accommodate up to three guests. Rates, which include breakfast (featuring cornmeal johnnycakes, supposedly the couple’s last meal) and a house tour, start at $219.40 plus tax.

The Villisca Axe Murder House While the home has heat, innkeepers recommend overnight guests come prepared for a “chilling” evening.

In 1912, the otherwise sleepy community of Villisca, IA, was rocked by the brutal murder of two adults, J.B. and Sarah Moore, and six children: their own four as well as their neighbors’ two young daughters. To this day, the killings remain unsolved. Those interested in taking a closer look can spend the night and have the whole Villisca Axe Murder House to themselves. If you get spooked during your stay, don’t expect an innkeeper to allay your fears: You get the key and you’re on your own. Or are you? Paranormal investigators report hearing children’s voices, witnessing lamps fall, ladders move, and objects fly without provocation.

The price for an overnight visit is a minimum of $428, which includes sales tax and allows for up to six guests (at $74.90 for each additional guest).

The Myrtles Plantation

Haunted plantation #myrtlesplantation #louisiana

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“Beautiful” and “haunted” don’t usually appear in the same sentence, but in St. Francisville, LA, you’ll find stunning decor alongside hints of the macabre inside the sprawling Myrtles Plantation where a Baccarat crystal chandelier and gold-leafed French furnishings coexist with potential ghosts. One apparition is said to be that of a young slave girl  named Chloe, who, legend has it, murdered the wife of her master, Clark Woodruff, as well as his two daughters out of jealousy. The deadly weapon? Cake. Chloe supposedly used poisonous oleander flowers as a key ingredient in her confection. When fellow slaves discovered what she’d done, they hanged the girl from a nearby tree.

If you want to try to spot Chloe yourself, you can book a room or suite at this enchanting estate, located almost 100 miles northwest of New Orleans. Rates range from $175 to $400 per night and some rooms accommodate up to six guests.

The Farnsworth House Inn

I'm currently spending the night at the Farnsworth House Inn circa 1810. There are over one hundred bullet holes throughout the house. #farnsworthhouseinn #gettysburg #hauntedinn #gettysburgpa

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Victorian elegance isn’t the only thing that will surround you at the historic Farnsworth House. Located in Gettysburg, PA, this home has been featured on A&E, Discovery, History, Syfy and Travel channels. A variety of haunted tours are available, offering guests the chance to check out both the attic and cellar, where the spirits of Union and Confederate soldiers are said to linger.

All rooms are double occupancy only. Extra guests—with the exception of ghosts—are strictly prohibited. Rates start at $139 for a midweek stay.

Captain Grant’s, 1754

Our #haunted #bedandbreakfast #captaingrant in #connecticut nice 7 hr drive all to see @kingsofleon #kingsofleon

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Guests who’ve stayed in the Adelaide Room at Captain Grant’s, 1754 are said to have made contact with a deceased former resident and her two children. Other visitors to the historic inn claim to have heard unexplained knocking on their doors.Those wishing to have dialogue with the dead can book a two-night stay, Sunday through Thursday, and receive a spirit communication lesson after breakfast.

Nestled in the Connecticut woods, this B&B is located between the Foxwoods and Mohegan Sun casinos, a bonus for gambling ghost hunters. Rates vary by season. Vacationers wanting to get in the Halloween “spirit” can book at fall rates, which range from $109 to $169 through Oct. 31.

The Logan Inn

Twilightpassages is proud to reveal our next #ghost investigation at the famous #loganinn in New Hope PA We will be focusing on the #haunted room #6. Known to be haunted by the daughter of the original owners. Our special guest will be the talented @richardpryorjr Stay tuned

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More interested in friendly ghosts? Check out New Hope, PA’s Logan Inn, where as many as eight different spirits are said to roam the halls. Emily, the mother of the inn’s former owner, died at a ripe old age in Room 6. Those who sleep there are said to pick up the scent of flowers. Other notable ghosts include the spirit of Aaron Burr, who stopped at the inn after his fateful duel with Alexander Hamilton. Supernatural occurrences, such as the sound of soldiers marching and children playing on the stairs, make this a popular destination year-round. Rates start at $135 per weeknight stay.

The Foley Inn

Southern Halloween – Foley House Inn, Savannah. Originally built in 1896, during a renovation "in 1987 workers tore down a wall and discovered a skeleton inside of the wall. It is believed this poor guy was the victim of a murder, his body hidden in the wall. But, what is the story behind the Foley House Inn? Did this skeleton in the wall actually exist or is it simply a story?" Via Ghost City Tours • • • #foleyhouseinn #savannah #halloween #ghost #haunted #inn #hotel #hauntedsavannah #skeleton #renovation #autumn #october

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This 19-room inn is credited with helping Savannah, GA, earn a reputation as one of the most haunted cities in America. Guests of The Foley Inn may spy the ghost of a little girl roaming the parlor and the apparition of man in a top hat strolling the garden. According to local lore, the original owner, Honoria Foley, was nearly strangled to death by a guest. The quick-thinking innkeeper whacked her assailant on the head with a candlestick, causing him to fall to his death. Not wanting to be convicted of a crime, Foley offered another guest free rent to help her dispose of the corpse. During the property’s 1989 renovation, a body was discovered within the walls. Eek! Rates start at $149 per night and include breakfast as well as an afternoon snack.

The post 7 Haunted Houses You Can Stay In … but Will You Sleep a Wink? appeared first on Real Estate News & Insights | realtor.com®.

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NM Realtor on 20 years in the business, where he started and what he loves about NM

Jim Sutton tells us what he is passionate about and how he got his start in real estate.

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