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Pic Credit: Image by Celine Roque from Blue Rabbit Media

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Filed under: Estates

We’ve seen some big estates sell in Malibu but how much would you pay for just the land? A huge chunk of Malibu land has gone on sale for an astronomical price. This 1,280 acres of land has ocean views and beach frontage along Pacific Coast Highway and is broken into 29 parcels. The listing says “they don’t don’t make land like this anymore.” Certainly not this close to Los Angeles they don’t. I’m just hoping someone doesn’t clutter up this spot with too many houses, it’s one of my favorite unspoiled spots along PCH. It is listed at $130 million.

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Which U.S. states are best and worst for small businesses? The Small Business and Enterprise Council has published a ranking of states in their friendliness for small businesses.

The friendliest states: 1)South Dakota, 2)Nevada, 3)Wyoming, 4)Washington, 5)Florida. The worst: 47) Iowa, 48) California, 49) Minnesota, 50) New Jersey, and 51) District of Columbia.

I have lived in Iowa for over 20 years, to I figure I’m an Iowan (or “Hawkeye,” I guess.)  But I was not aware that Iowa ranked so low in business friendliness.  Maybe I should move to Florida.

Tags: National Small Business Week, Small Business and Enterprise Council

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Delta, Northwest lose combined $10.5B on high fuel, charges - Times and Democrat
ATLANTA - Delta and Northwest, seeking to combine to create the world’s largest airline, posted losses Wednesday totaling $10.5 billion for the first three months of the year due to exorbitant fuel prices and write-downs of their companies’ value

2nd UPDATE: OFT Alleges Tobacco Cos, Retailers Fixed Prices - CNN Money
LONDON -(Dow Jones)- The Office of Fair Trading said Friday it will investigate possible price fixing by two tobacco manufacturers and 11 retailers on tobacco products in the U.K. In a statement of objections, the OFT outlined its proposed findings

ConocoPhillips 1Q profit up 17 pct on higher oil prices - Seattle Times
Setting the tone expected for the world’s large oil companies, ConocoPhillips said Thursday its first-quarter earnings benefited mightily from record crude prices to begin the year, though those same high levels squeezed results at its refining

Retailers in tobacco price probe - BBC News
The OFT stated understandings between cigarette companies and retailers between 2000 and 2003 limited the retailers’ capability “to determine its selling price independently”. In the case of Gallaher, Imperial Tobacco, Asda, Sainsbury, Shell, Somerfield

Activists to protest some Beijing Olympics sponsors - Boston Globe
BEIJING— An activist group will organize protests against Beijing Olympics sponsors that it states have failed to press China to help end fighting in Darfur. Dream for Darfur stated 16 companies, including General Electric Co. , Coca-Cola Co. and

UK agency accuses 2 tobacco companies, retailers of price-fixing - PR Inside
LONDON (AP) - British consumer protection authorities have accused two tobacco companies and several major retailers including supermarkets of fixing prices on tobacco products. The Office of Fair Trading states the companies restricted prices on some

Senate panel rejects new media ownership rule - The Shreveport Times
WASHINGTON — A Senate committee voted Thursday to nullify a recently approved Federal Communications Commission rule that grants media companies to own a newspaper and a television station in the same market. The Senate Commerce, Science and

Accountant embezzled $2.1 million, audit finds - CNN
COLUMBIA, South Carolina (AP) — An accountant who killed himself after police questioned him in the disappearance of two wealthy clients had embezzled $2.1 million from the couple and seven companies, his former employer stated. Dennis Gerwing stole

China withdraws investment applications - News.com.au
AT least 10 Chinese companies have withdrawn foreign investment applications to buy into Australian resources companies after pressure from the Rudd Government. The Government has in current weeks made it plain privately it wants more time to take into account

Cable companies pulling out of venture with Sprint Nextel - Miami Herald
Three of the nation’s largest cable companies are pulling the plug on their cell-phone joint venture with Sprint Nextel Corp. Spokespeople with Comcast Corp., Time Warner Cable Inc. and Cox Communications Inc. stated Wednesday they have stopped

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Filed under: Estates

NeighborhoodScout.com has used their matching function to find neighborhoods that are “discount equivalents” of some of the hot and expensive communities we recently covered in our Most Costly Zip Codes estates.

Today we’re looking at a discount equivalent for expensive Palm Beach, Florida. The pick is Delray Beach, which is also in Palm Beach country. Palm Beach has a median price of $3.02 million but Delray Beach has a median price of just $1.3 million. Delray Beach doesn’t have the tradition that Palm Beach does but it is a growing community with many restaurants and entertainment options. It is also a community where the prices are a little bit lower than Palm Beach, even though the trend is definitely upward in this area.

Case in point, today’s estate one of the new massive estates which are going up in the area. This one spans two deepwater lots on a prized corner. The home is similar to other extravagant homes in this area with an impressive foyer that includes a marble fountain, spiral staircase with iron railings and a big chandelier. The 21,000-square-foot home has a very big master suite and five other bedroom suites. Other rooms include a media room and staff quarters. The exterior includes a summer kitchen, fireplace, pool and cabana. It’s very high-priced at $19.7 million but cheaper than the home we looked at in Palm Beach which was listed at $25.75 million and wasn’t quite so over the top. Although that home is primely located right on the ocean. We also covered a home in Delray Beach previously that’s quite a bit different, a slice of modern priced at just under $5 million.

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Continue reading The Bargain Neighborhoods, Delray Beach, FL, Estate of the Day

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