Malibu mobile home sale blows the tires off

If the hoopla over Michael Jackson's death wasn't enough to convince you that the world has gone mad, perhaps this will: A double-wide in Malibu just closed escrow at $2,275,000.

Yes, it was a pretty spectacular mobile home, with a cliff-side deck overlooking a glorious stretch of the Pacific and surrounded by stick-built houses valued at 10 times its price.


The home-on-wheels has three bedrooms and two bathrooms in 2,300 square feet and sits in the Paradise Cove Mobile Home park, a beachfront location just a spit away from some of the finest surfing Malibu has to offer. Many of the homes are used as second residences for the Beverly Hills and Bel-Air set who want a place at the beach.

David Carter, the Pritchett-Rapf agent who handled both sides of the deal and is generally considered the top mobile home guy in the 'bu, doesn't even bat an eyelash. In the peak of the market, he sold one for $2.5 million. Carter, who has lived in the park himself for almost 30 years, says that while this one may be gone, he still has a few listed at $1.25 million to $1.4 million that might interest you. Thanks to Malibu real estate blog for the tip.
http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relative_urls&dataUrlNodes=uiConfig,feedConfig,entry&id=458733&pid=458732&uts=1248801855
http://cdn.channel.aol.com/cs_feed_v1_6/csfeedwrapper.swf
The Smaller the Better
If the hoopla over Michael Jackson's death wasn't enough to convince you that the world has gone mad, perhaps this will: A doublewide in Malibu just closed escrow at $2,275,000. The recession has popularized the "mobile home". Click through this gallery to find out more.
Joe Raedle, Getty Images
Joe Raedle, Getty Images

Increase your money and finance knowledge from home

How much house can I afford

Home buying 101, evaluating one of your most important financial decisions.

View Course »

Intro to different retirement accounts

What does it mean to have a 401(k)? IRA?

View Course »

Add a Comment

*0 / 3000 Character Maximum