Sunday, February 21, 2010

Beck Bites the Some Real Esate Dust

SELLER: Beck and Marissa Ribisi
LOCATION: Larkspur Lane, Malibu, CA
PRICE: $1,650,000
SIZE: 1,596 square feet, 3 bedrooms, 2 bathrooms

YOUR MAMAS NOTES: Your Mama knows how many of the children salivate over and pine for some celebrity real estate schadenfreude so we thought we'd interrupt our weekend with a little. Thanks to Malibu Mary, Your Mama has learned that quirky and kooky musician Beck and his wife, former actress Marissa Ribisi, have finally sold their house in the Point Dume area of Malee-boo at a sickening loss.

Listing information shows the "very hip mid-century ranch" sits on a .63 acre parcel and has 3 bedrooms and 2 poopers in the main house as well as another 2 bedroom and 1 pooper in a detached guest house that includes a massive fireplace. The 1,596 square foot house has recently a renovated kitchen and poopers, hardwood floors, pitched and beamed ceilings, The privately situated property does not have a swimming pool or tennis court, but it does have large expanses of lawn and mature trees. Personally, we'll take a swimming pool over a football field, but that's just our meaningless preference.

Property records and previous reports reveal that Beck purchased the property on Larkspur Lane in January of 2007 for $2,050,000 and flipped it back on the market in October of 2008 with an asking price of $2,399,000. But alas, after 16 months and at least 3 price chops, the property finally sold in early February of 2010 for $1,650,000. A few quick flicks of the well worn beds on Your Mama's bejeweled abacus reveals that Mister Beck to a $400,000 financial hit not counting carrying costs, renovations expenses or the fees paid to his real estate people.
The house in Malee-boo is not the only property Beck had on the market recently and not, it seems, the only one he's likely to take a loss on. In April of 2007, Mister and Missus Beck bought a big house in the Hancock Park neighborhood of Los Angeles, paying $6,750,000 for the recently rehabbed corner property. In July of 2008 they flipped the 6 bedroom and 9 pooper estate back on the market with an optimistic asking price of $9,000,000. By August of 20009, the asking price had plummeted to $6,595,000. The property, which includes a full recording studio and rehearsal studio in the guest house, was officially de-listed. However, it is Your Mama's understanding that the property is still for sale and can be shown as a pocket listing.

source: Sotheby's International Realty Beverly Hills

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