Malibu is most well known for its large population of Hollywood movie stars and other prominent faces from the entertainment industry. The Pacific Ocean, the Santa Monica Mountains, Topanga, and Ventura County border this affluent area. Its relatively undisturbed natural surroundings provide the residents of Malibu with a scenic, tranquil environment in which to live, work, and play. As a result, a number of high-profile businessmen also have second homes in Malibu, providing them with a relaxing escape from their everyday lives.
Living in Malibu
The Malibu coastline is one of the most beautiful, scenic spots in the world. This 27-mile coastline stretches from Tuna Canyon to Point Mugu and includes a large portion of the famous Pacific Coast Highway.
California’s warm and sunny climate means that surfing is a popular activity year-round. Surfers from all around Los Angeles, Anaheim, and Long Beach come to Malibu to test their skills. The most well-known beaches in this area are Surfrider Beach, Zuma Beach, Malibu Beach, and Topanga Beach, but there are several other lesser-known beaches that are equally as popular with surfers. Like all of California’s beaches, the beaches in Malibu are public access, allowing anyone to come and enjoy the sand, surf and sun. However, some of the smaller beaches do charge an entrance fee in order to keep the crowds at bay.
Malibu also includes a number of local parks, including the Malibu Bluffs Park, Trancas Canyon Park, Las Flores Creek Park and Legacy Park. These accessible parks are the perfect place to spend a sunny afternoon with the family. Malibu is also a short drive from several state parks, such as Malibu Creek State Park and the Santa Monica Mountains National Recreation Area. The abundance of outdoor recreational areas in Malibu have made it a popular spot for many of Los Angeles’ residents to come and spend a day in the sun.
Real Estate in Malibu
The median sale price for homes in Malibu is $2.5 million and has been holding fairly steady over the last few years. This is noticeably lower than the average list price of $3.75 million, indicating that this is a buyer’s market rather than a seller’s market. On a per square foot basis, Malibu is one of the most expensive communities in Los Angeles. Properties here sell for an average of almost $1200 per square foot, compared to the Los Angeles/Anaheim/Long Beach area average of just under $400 per square foot.
While some of Malibu’s residents live in the city proper, others live in secluded homes, tucked away inside mile long canyons. These homes range in size from modest, 3 bedroom homes to towering, multi-million-dollar mansions.
If you’re looking for an upscale escape in a picturesque beachfront town, Malibu might be the place for you and your family. If you have any questions about the homes for sale in Malibu, feel free to contact our team by phone or email. We look forward to assisting you with all of your real estate needs.