Pamela Anderson Wants $19.4 Million For Malibu Beach House
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Pamela Anderson Wants $19.4 Million For Malibu Beach House

Inspired by some of California’s best known Modernist architecture.

By Katherine Clarke
Tue, Mar 9, 2021 1:29amGrey Clock 2 min

Pamela Anderson, the actress who rose to fame playing a California beach lifeguard on “Baywatch,” is putting her own California beach house on the market for around $19.4 million.

Before buying this property, Ms Anderson said she had lived right on the sand, but found that fans would come up to the property looking for her. “A girl actually ended up in our guest bedroom and had my ‘Baywatch’ swimsuit on,” she said, referring to the bright-red one-piece she was frequently photographed in. “That was it for me.”

In 2000, Ms Anderson bought a site, which backs onto a lagoon, for about US$1.8 million, records show; she said she later replaced a “shabby chic” cottage with a new home for herself and her two young sons.

“It took me 10 years to build—I put another $8 million cash into it,” Ms Anderson said in written comments.

Located in a gated community in Malibu, Calif., the three-bedroom house is about 5,500 square feet and includes a large open-plan living, dining room and kitchen area with a fireplace, a rooftop deck and an expansive pool deck with spaces for outdoor dining and sunbathing. The kitchen has slab stone counters and glass pocket doors that open to the pool. A wood-and-glass staircase leads to the main bedroom suite, which has a private balcony. There is also a one-bedroom guesthouse on the property.

Ms Anderson, who in recent years has appeared on reality television shows like “Dancing with the Stars,” noted that the property was inspired by some of California’s best known Modernist architecture, such as the Case Study Houses, experimental, modern homes designed by architects like Richard Neutra.

“I love a vintage edge/pop art sensibility and I’m an activist so it is 100% sustainable Teak that is also ‘nonconflict’ flown in from Burma,” Ms Anderson said in her comments. “I must have paid $1 million just in materials for siding. I don’t like orange—so we bleached and waxed—the finish is more blonde.”

Some of her favourite features of the property include the guesthouse, which she said has “the most beautiful view,” and the reflective mosaic tiles in the pool. Her bedroom, she said, is “just the most sensual and clean space” with a bathtub in the room and a sauna attached. Ms Anderson also installed solar panels on the property and planted an irrigated vegetable garden.

Ms Anderson, 53, said she left Canada in her early 20s to work with Playboy and is now selling to go back to her roots. She recently married her onetime bodyguard Dan Hayhurst, and the two plan to live on her ranch on the water on Vancouver Island, she said. That property was owned by her late grandmother.

“When she passed, I just let it go for 20 years while I worked and travelled,” Ms Anderson said. “I have spent the last year here renovating, landscaping, creating gardens so that we can live sustainably. Greenhouse, potter’s wheel, canning pickles and beets. I’m creating my life here now again where it all started.”

“I made it home in one piece, a miracle. I’m a lucky girl,” she said.

Tomer Fridman of the Tomer Fridman Group has the Malibu listing.



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Expert tips for prospective buyers looking to purchase a home in 2024.

By Josh Bozin
Fri, Apr 12, 2024 3 min

For aspiring homeowners, be it a first-time buyer, downsizer, or investor, picturing your idea of homeownership bliss is the easy part. But before deliberating on furniture choices or scouting for that perfect neighbourhood coffee, understanding your purchasing power stands out as the most important step in ensuring your success in homeownership.

And with the Australian property market gaining momentum in 2024, there’s never been a better time to come to grips with your financial options.

In 2023, amid the changing financial landscape that saw rising interest rates and the cost of living skyrocket, among other factors, the total amount borrowed for property purchases across Australia was estimated at $300.9 billion, a 12.7 percent decrease from the previous year, according to PEXA’s latest Mortgage Insights Report.

Each mainland state also experienced a decline in new lending, according to the report, with Victoria and New South Wales seeing the biggest drops to $84.1 billion and $109.5 billion, respectively.

While this trend reflects the repercussions of such financial hardships on the everyday Australian, John Morello, director and auctioneer at Jellis Craig, said we’re seeing renewed confidence in the property market during the first quarter of 2024, particularly in Melbourne.

“Auction clearance rates have started the year strongly and consumer sentiment is rising. This lift is driven by cooling inflation and an improved outlook on interest rates. At Jellis Craig, as with the rest of the market, we are experiencing an increase in volume of property compared to the same period in March last year (up 28% in 2024),” Mr Morello said.

“Melbourne’s property market, in particular, is showing its ongoing evolution and resilience.”

PEXA’s report revealed that, while borrowing saw a decrease in 2023 in Australia, Australians still invested $613.0 billion in property purchases in 2023. In 2024, purchasing confidence is only going up, as prospective first home buyers, seasoned downsizers, and savvy investors look to capitalise on a flood of new property hitting the market, coupled with the lowering of interest rates across the board.

“With more certainty in the economic outlook, along with an increase in volume of property available, we are seeing these factors translate to early signs of a boost in confidence in both buyers and sellers,” said Mr Morello.

“Further encouraging data shows that whilst there is more property available to purchase, more people are inspecting property, again indicating that demand has increased broadly across our marketplace.”

If you’re in the market for a new property, the biggest question you must ask yourself is how much house can I afford?

A great starting place is to speak with your mortgage broker or financial professional, who can guide you on your lending options. This is critical, as you need to know what your future repayment options might look like, and ultimately, what you will typically be able to afford.

A useful tool for judging whether you can afford a specific property is to factor in the 28/36 rule — a rough guide that suggests you should not spend more than 28 percent of your gross monthly income on housing, and no more than 36 percent on all debts. Another useful tool is the idea of a debt-to-income ratio (DTI); a formula whereby an individual can divide all of their monthly debt payments by gross monthly income to arrive at a number that one can measure as a way of managing monthly mortgage payments.

Mr Morello emphasised the need to understand affordability and what’s feasible for each individual when looking to make a purchase, no matter the budget, on a property in 2024.

“It’s pivotal to work out what you can afford. Get your finances in order. Consider all associated costs with buying, and research what concessions and grants are available,” said Mr Morello.

“It’s easy for individuals to begin the process today. Start actively searching potential properties on a weekly basis, and research areas you are interested in. Check weekly sales results, attend inspections and auctions, to get a feel for the process. Just remember, it’s important to be really comfortable in understanding your living expenses, and what the ongoing expenses will be once you have bought a property.

“For example, mortgage repayments, council rates, water, power, owners corp fees, insurances, maintenance costs; if you are buying as an investment, the Land Tax payable on that property which is an ongoing tax. There’s many factors to consider.”

To see what’s possible for your specific circumstances, visit our Finance Portal for specific tools, guides and tips—as well as our own mortgage calculator—to assist you on your property journey.

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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