Malibu Mobile Home Looking To Break Record Sales Price
14 April 2011 · by

Brand New to the MLS this morning is a mobile home in Paradise Cove with an asking price of $2,550,000! Sound outrageous? Just a few years ago, someone paid $2,450,000 for a spot down the street with views not quite as good as this new listing. What is unique about this particular offering is that thismobile home sits on what many would argue is the best lot Paradise Cove. The home is situated on a section of bluff that overlooks the Pacific Ocean with viewstowards Santa Monica Bay which takes in an amazing view of a beautiful, long stretch of sandy beach withwaves crashing on the shore. A few hundred yards down the beach are a few more listings for sale with the same views…..but those will cost a little bit more….one at $45m and one at $55 million!!!!!!
Here’s my take: Let’s say you have $2.5m to spend in Malibu. For that price, you can get a pretty nice place in Malibu Park, but chances are that won’t even include an ocean view.  More likely, it would buy you a small 4-bedroom ranch house that has been remodeled with about 3500 sq.ft.  But if you want the  ”Malibu Beach lifestyle”, and can’t afford the going rate of $6m for a place on Malibu Road, then this is probably your best bet. You’ll be enjoying the sight of morning sunrises over the Palos Verdes Peninsula and walking on the same private beach that many of the world’s most privileged people enjoy.
The home has 2 bedrooms and 2 baths with about 2300 sq.ft. of space. On top of the purchase price, you’ll need to pony up over $2000 per month for space rent. I guess that’s the going rate for the view and the security of never having to worry about a tornado flattening your home!
paradise-cove
From the MLS   “ THE ULTIMATE OCEAN VIEW BLUFF LOCATION IN PARADISE COVE. INSANE COASTLINE, WHITEWATER OCEAN, AND MOUNTAIN VIEWS. IT ALSO PROVIDES TOTAL PRIVACY FROM THIS NEWER 2BDRM, 2BTH HOME. OVER 2,300 SQFT. OF OPEN LIVING SPACE, PLUS 2 CAR GARAGE AND PARKING FOR 3 MORE. HUGE LANDSCAPED LOT, PLENTY OF OUTSIDE GARDEN AREAS, AND PRIVATE OCEAN VIEW DECKS.”
listed with David Carter

 

 

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Comments

  1. Erica says:

    I don’t understand the whole mobile home purchase thing. So, you buy the home for $2.5 but you don’t own the land? You pay $2000 to rent the land? What if the mobile park owner decides they don’t want to rent to you anymore? How does that work?

  2. JOSEPH says:

    Seller financing can be a great way to get a house sold without slashing the price. By recognizing the millions of people who can’t get traditional financing as potential buyers, resourceful property sellers (and their real estate agents) can minimize their time investment in getting a property sold. Even better, sellers who offer financing can usually get a higher asking price for their property, even in the slowest markets. Clearly this is a win-win situation.

  3. Pete says:

    This property has such a beautiful view…thanks for taking the time to post the article and the photos.