Coldwell Banker Global LuxuryMalibu, known for its long, wide, white beaches, continual sunshine and casual ambiance, offers twenty-seven glorious miles with something of interest for everyone. There are hidden coves, tide pools, dramatic ocean views, rocky cliffs and wildflowers in the springtime.
Most prestigious areas of Malibu include the guard-gated communities of the Colony and Serra Retreat, which offer privacy and protection to their high-profile residents. Robert Redford, Barbara Streisand, Richard Gere, Sally Field and Whoppi Goldberg are only a few of the “celebs” owning homes along the exclusive Malibu Shore. Other high-end Malibu areas of Broad Beach and Carbon Beach are also home to some of the most favorite luminaries. If there is one spot in Southern California that might surpass Beverly Hills in the number of movie stars’ homes, it is Malibu.
Wandering through Malibu, you might find Dustin Hoffman, Goldie Hawn and Kurt Russell, Pierce Brosnan, Robert De Niro, Sly Stallone, Robert Redford or Steven Spielberg dining at Geoffrey’s, Nobu, Guido’s, Moonshadows or Zooma Sushi. Or you are sure to meet someone you recognize while shopping at one of the casual and friendly shopping boutiques at The Lumber Yard or Cross Creek Road.
Residents of Malibu include a host of stars who make Malibu their home such as Tom Hanks, Linda Ronstadt, Larry Hagman, Jeff Bridges, Howie Mandell, Cicely Tyson and Barbara Streisand to name but a few. Other residents see Malibu as an opportunity to own a secondary residence or vacation beach house where they escape from the hectic pace of the city nearby. Still others acknowledge Malibu’s desirability by purchasing properties for investment which they have leased for extraordinary prices.
When Johnny Carson bought his beach home at Point Dume in 1983 for $10,000,000, it was the most expensive house ever sold in Los Angeles. It included 24 karat gold fixtures in the bathroom, a waterfall, and 11,000 square feet of living space. The property was sold in 2007 for $38,000,000. Currently on the market is another home for sale at $75,000,000 while other homes nearby may be on the market for significantly less.
Currently there are more than 30 homes along the ocean for sale between $10,000,000 and $55,000,000 and there have been 65 sales since 2000 with asking prices in excess of $10,000,000.
In the Malibu Hills, properties are available for sale ranging in prices from $10,000,000 to $65,000,000. There have been 15 estates sold in this area for prices up to $65,000,000 from 2000 until 2009.
Astonishing is the Malibu lease market where properties are available for lease between $20,000 and $60,000 per month. Close to 30 properties have leased since 2000 for prices ranging from $10,000 to $20,000 per month and over 10 have leased from $20,000 to $35,000 per month. There are 3 properties on the land side asking between $25,000 and $65,000 per month while a 15,000 square foot home on 15 acres leased for $35,000 per month in 2006.
Making headlines is a home for lease at a rate of $200,000 per month, over half a million for the summer! This is for a one-of-a kind Carbon Beach home located on what is known as “Billionaire’s Beach.” The home features 80 feet of prime beach frontage, an ocean-side pool, expansive decks, sleek modern design and room to park a fleet of cars.
Two other lease options asking a mere $100,000 are available or you can take advantage of staying at one of the world’s most expensive hotel suites for $65,000 per night!
To complete the list of places you must see, visit Pepperdine University, the Malibu Pier or the Adamson House with it colorful early California history
