The Malibu Real Estate Blog

There was a time not so long ago that a $100,000 per month Malibu summer rental was the talk of the town. Now it’s like, “Whatever, pass the Splenda, I gotta run to Pilates”. The new OMG price range is above $200,000 per month or higher and it shouldn’t be long before someone makes a run at $300k.

Do they get rented? Yes. Just when you think there is no way anyones going to pay that amount, the listing quietly gets withdrawn from the MLS, and a fleet of black Chevy suburbans with funny little TCP letters on the back bumper appear in front of the address.

Who are these people? In the upper digits it’s likely sheiks, royalty, oil barons, and guys who like horses under the hood or in the stable. It’s not the A-list actors that have business managers with good sense; they tend to stay in the $100k and under club.

Call for a showing but to see any of these you’ll need to be seriously qualified. Swiss bank statements, a truck load of gold bullion, or showing up with Mark Zuckerberg should all be fine.

Here are the Top Three Most Expensive Summer Rentals in Malibu

1. 26848 Pacific Coast Highway. $250,000 per month with 13 bedrooms and  14 baths.
2. 23316 Malibu Colony Road. Listed at $200,000 per month with 5 bedrooms and 7 baths. It will be completed by summer 2011.
3. 7107 Birdview on Point Dume asking $100,000 with 6 bedrooms and 6.5 baths.

1 listed w Chris Cortazzo, 2 with Damon Skelton, 3 with Paul Randall

A Carbon beach home hit the lease market this morning at $200,000 per month! This section of Malibu is also known as Billionaires Beach and for good reason. Some of the biggest names in entertainment, technology, and investment banking have purchased double, and triple lots and built some of the largest beach homes in California. Let’s break it down a bit…..The daily price calcs out to about $6500 per day. A bargain when checking out this top ten list of most expensive hotel rooms around the world with the top five all above $30k per night. Maybe the owner of the boat known as A will need a place to store some supplies for his mega yacht when in town again. Call for a showing if you are seriously pre qualified. 310 699 8428.

From the MLS “An extraordinary opportunity to lease the most spectacular estate on coveted Carbon Beach. This unparalleled beachfront residence features 7 spacious bedroom suites, 10 luxurious bathrooms, a massive oceanfront master with immense his/hers dressing rooms, gym, wine cellar, phenomenal gourmet kitchen, magnificent family room; all showcasing ocean views, grand scale, and world class quality. The lavish grounds of the home embrace a beachfront swimming pool and spa, sports court, fire pit, expansive covered lanais, and lush oceanfront gardens. All of this is set on nearly ¾ of an acre with 180’ of frontage on the deepest part of Carbon offering forever views of the Pacific, the Queens Necklace, and the Malibu Coast. This fully furnished home is for those seeking the absolute finest in beachfront living. A one-year minimum lease term is required. Shown to pre-qualified clients only. See private remarks for showing instructions.”

Listed with Kurt Rappaport WEA

You still have time to come out and enjoy a month in Malibu. There are several beach houses available for the month of August. Prices range form $20k-$100k but you’ll need to act fast because agents across the board are reporting that they are getting multiple calls for summer rentals. Call for a list of what is available. 310 699 8428

No, you can’t buy a home, condo, or trailer but you will get a one-month lease on a prestigious beach with neighbors who are on the paparazzi hit list. Yes, spring in near and Malibu Mega Beach House leases are just about to go up on the auction block for the who’s who to fight over.March Madness in Malibu has nothing to do with sports and more to do with people scrambling to secure the best beach leases.

“Players,” not on the ball, who don’t secure a lease early may be forced to “slum it” on lesser “$50k per month” beaches where your neighbor’s private 4th of July firework show may only last a paltry 30 minutes instead of an hour and the caviar might be California paddlefish not Russian Sevruga. Life’s tough ain’t it?

I predict that this year will have more demand than any previous year and we’ll see numerous listings above $100k per month. There currently 5 listings between $80k and $90k per month located in the Malibu Colony and on Malibu Road and most will require a three-month minimum and a hefty deposit. Previous  years saw 4 homes break the $100k per month mark with one topping out at $120k on Broad Beach.

 Even celebrities are cashing in on the rental action. There are reports that  Cindy Crawford   and Rande Gerber recently put their own house up for lease at $35k per month. The property is fairly priced considering that just a few miles to the south is Broad Beach where rents run $50-$120k per month.

Click Here to do a search for Malibu Summer Beach Leasesenter x55032 for ID and Malibu for password