Posted on August 9, 2014 - 05:22 PM
by Cormac O'Herlihy
The Malibu real estate market has always been relatively strong, but back in 2010, even the swaying palms and beachside properties were a hard sell. Singer Josh Groban first listed his private retreat in Malibu for sale in April 2010 for $6.1 million but didn’t nab any offers. He reduced the price to $5.95 million in July, and then took the home off the market for a bit. In 2011, the home reappeared with another price cut, but no buyers bit.
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