Located on a scenic bluff overlooking the water, Paradise Cove mobile home park residents enjoy some of the best beaches Malibu has to offer and they have direct access to the private beach below. Here you will find residents of this unique Malibu mobile home park enjoying walks up to Little Dume beach, surfing out front, and having evening bonfires with kids making s’mores. Paradise Cove is full of surfers, sun worshippers, and kids who all share a laid back attitude. There are numerous facilities for the residents such as a club house, tennis court, playground, and the large private beach. Eating out is an easy option with the Paradise Cove Beach Café located at the entrance to the park. This Malibu mobile home park is truly a “golf cart community” with every home having at least one, rigged with surfboard racks, beach chair holders, and a place for a cooler. Access to the beach is easy with the carts being able to go down a small path that ends almost on the sand.
There are a few items you should be aware about when considering a purchase here. Mobile homes in Paradise Cove sit on land where the owner must pay “space rent” meaning, you don’t own the land. Not such a bad deal when you calculate the costs of not having to pay real property taxes….even the water and sewer fee is included in the rent. The other main factor is that you are not permitted to rent your mobile home out like you can at the Point Dume Club, a few miles away.
Now when people hear “mobile home” they can mistakenly think that this “mobile home park” is full of Airstreams and single-wides that look like props from the set of Coal Miners Daughter. Paradise Cove is far from that. Most of the homes here now are not anything like the mobile homes of the 50’s when the park first opened. A majority of the nicer homes here are more along the lines of the modular or prefab type. Yes, they were towed in to place, but once assembled, many look like traditional built homes. Rules in the park even allow for regular “stick built” construction with 2×4 framing and plastered exterior walls. About once a year I get a call from either a reality show producer or from the Homes and Gardens cable show asking if I can assist them in putting together a segment about the world’s nicest mobile home park! Vanity Fair did an article on Paradise Cove and titled it, “Bohemian Cove.” The hippest neighborhood in Malibu right now is … a trailer park? Yes, say the likes of Minnie Driver, Pamela Anderson and Matthew McConaughey. In Paradise Cove, whose pioneers included director Sam Peckinpah and Los Angeles Times publisher Otis Chandler, Vanessa Grigoriadis explores the surfboard-and-shirtless bohemian charms—not to mention those trailers, with their marble floors, Italian-granite countertops, and Sub-Zero appliances—which have sent the price of a tricked-out double-wide into the millions. By Vanessa Grigoriadis Read more about the Paradise Cove article.
Prices for Paradise Cove Mobile Homes for sale range from $400k to over $4m and space rents run from $1500 to $3000 per month. You can expect to pay $700,000 to $900,000 for a triple wide home that is large enough for a family of four. Loans are available with current rates around 4.5% for 30 years. Loans amounts up to $500,000 are available and the interest is likely deductible …just like a home. I have sold numerous mobile homes in Paradise Cove. Call Michael directly at 310-699-8428 for any questions about owning a place in this mobile home park. There are always a few unlisted properties to talk about too!