Malibu Residence: Two Buildings, One Name, 14 Floors Each

Search "Malibu Residence Baku" and you will find a 14-storey building with 540 apartments, completed in June 2020, from $55,120. That is the cheapest price attached to the name anywhere, and it is not at Sea Breeze.

There are two Malibu Residences in Baku. One is in Nasimi, built by a different developer and finished six years ago. The other is at Sea Breeze, still in presale. Both have fourteen floors. Telling them apart is the first job of this page, because the price difference is the whole purchase.

The Two Buildings

	Malibu Residence, Nasimi	Malibu Residence, Sea Breeze
Location	Salatyn Askerova St 102, 3rd Microdistrict	Sea Breeze, Nardaran coast
Developer	Winter City Group	Sea Breeze side
Floors	14	14
Apartments	540	1,010
Status	Completed June 2020	Presale, under construction
Entry price	from $55,120 ($1,060/m²)	from $97,000 official; €84,716 for 50 m² on a broker listing
Finish	Shell	Shell

The Nasimi figures come from a listing published on 20 December 2019 - nearly seven years old. Treat the $55,120 as what that building was asking before it was finished, not as what it costs today.

The two are confused constantly, and the shared floor count is why. If a listing names a developer other than the Sea Breeze side, or gives a street address in central Baku, you are looking at the Nasimi building.

What the Sea Breeze One Actually Publishes

Very little, and that is worth knowing before you enquire.

A good deal, and an earlier version of this page said otherwise. The project URL under /projects/ returns 404 and so does every other /projects/ path, which led us to report that the resort had deleted the section. It had not - the pages moved to /en/real-estate/<project>, and the live one reads:

	Official figure
Apartments	1,010
Area	42-246 m²
Floors	14
Completion	December 2028
Status	in construction
Finishing	without fit-out
Price	from $97,000, from $1,930/m², up to $559,000

So these are developer figures, not a cached extract, and the apartment count is 1,010 rather than the 1,012 the search-index extract carries. The December 2028 date also settles the listing contradiction discussed below.

White Villas has official pages too, at white-villas-i-2 and white-villas-ii-2, and they say something Malibu's does not: Sold. Its absence from the for-sale catalogue is a sold-out project, not a missing record.

The One Current Price We Could Open

A listing on the Russian portal Prian, last updated 20 October 2026, prices a specific unit:

• €84,716 for 50 m² - €1,695.67 per m²
• One room, one bedroom, one bathroom
• Floor 4 of 14
• Shell finish, no fit-out
• Under construction, sold at presale
• Interest-free instalments up to three years with no price increase
• Seller given as Sea Breeze, with a named director of sales for Russia

Note the currency. Every other Sea Breeze price we have found is quoted in dollars or manat; this one is in euros, and the page gives no conversion rate. So it cannot be set directly against the $116,000 of Sky Park or the $136,000 of Blue Waters without supplying a rate ourselves, which we are not going to do.

What can be said without a rate: 50 m² for a one-bedroom is larger than either apartment on the sub-$100,000 shelf. Our under-$100,000 guide found exactly two options there, a 29 m² studio and a 43.94 m² studio. This is a one-bedroom at 50 m². If the euro figure lands anywhere near those dollar figures, Malibu is the better-value unit of the three on area - and that is a question for the sales office, not for us.

The Listing Contradicts Itself on the Date

On the same page: the characteristics field gives completion as 2025, and the description text says 2028.

Only one of those can be read coherently. The listing simultaneously describes the unit as "under construction" and sold at presale, and 2025 is in the past. So 2028 is the only reading that fits, which also matches the figure in the extract of the removed official page.

It is a small thing and it matters for a reason beyond the date: a listing that contradicts itself in two adjacent fields is a listing whose other fields deserve checking too. The ones to check are the area, the floor and the finish.

Shell, and What That Word Is Doing

Both Malibus are sold shell - no fit-out. So is the Sky Park entry unit, per the official sales partner, whose project-level headline distinguishes "from $74,000 shell" and "$86,855 turnkey" - a gap of $12,855 at project level.

That gap is the honest cost of the word. A shell price is not comparable to a turnkey price, and on this coast the two are routinely quoted side by side without the distinction being made. When you compare Malibu's €84,716 against anything, establish which side of that line the other number is on first.

How It Sits in the Resort

Malibu Residence is on the official master plan, which is the authority on what belongs to the resort - our project inventory lists all of it. What it is not on is the resort's current sales catalogue, which shows four apartment projects: Sky Park, Blue Waters, Caspian Dream Liner and Brabus Island.

Being on the master plan but outside the catalogue puts Malibu in the same position as several buildings here: sold through partners and portals rather than the resort's own storefront. That is not a defect, but it does mean the resort publishes no price you can check against the one you are quoted.

Our $100,000-200,000 guide covers what the resort does price, including the one delivered building in that band.

What to Ask

1. Which Malibu Residence is this? Ask for the street address. If it is Salatyn Askerova in Nasimi, it is not Sea Breeze.
2. What is the completion year in the contract? The listing says 2025 in one field and 2028 in another.
3. Shell or turnkey, and what does turnkey include at what price? Budget the difference before you commit.
4. How many apartments and what floor areas, from the seller rather than from a cached page?
5. The instalment terms in writing: three years interest-free with no price increase is a strong offer, and strong offers have conditions - what happens on a missed payment, and is the price fixed in euros or converted at drawdown?

Sources

• Sea Breeze master plan, seabreeze.az/en/map, read 23 and 25 October 2026 - Malibu Residence listed among the resort's residential developments.
• Sea Breeze official project page, seabreeze.az/en/real-estate/malibu-residence, read 25 October 2026 - 1,010 apartments, 42-246 m², 14 floors, completion December 2028, in construction, without fit-out, from $97,000 and $1,930/m², up to $559,000. The older /projects/ URL returns 404; the pages moved rather than being deleted.
• Sea Breeze real estate catalogue, seabreeze.az/en/real-estate, read 25 October 2026 - shows Sky Park, Blue Waters, Caspian Dream Liner and Brabus Island; Malibu is not listed.
• Prian, prian.ru, listing last updated 20 October 2026, read 25 October 2026 - €84,716 for 50 m², floor 4 of 14, one bedroom, shell, presale, interest-free instalments to three years, seller given as Sea Breeze, and the 2025/2028 conflict between the characteristics and the description.
• Geoln, geoln.com, listing published 20 December 2019, read 25 October 2026 - the Nasimi building: Winter City Group, 14 floors, 540 apartments, from $55,120 at $1,060/m², completed June 2020, shell, at Salatyn Askerova St 102.
• Sea Breeze Partners, sea-breeze.gellart.estate, read 25 October 2026 - the project-level shell and turnkey headline figures.

Not verified: whether the €84,716 listing is representative or a single unit, and what the euro price converts to, since the listing supplies no rate. An earlier version of this page reported the apartment count and area range as unverifiable, on the basis that the official page had been deleted; it had moved, and the figures above come from it.