Mobile homes don't usually conjure up most people's idea of luxury accommodations. But this stunner in Malibu, Calif., listed at $2.5 million, may challenge the stereotype.
The 2-bedroom, 2-bath, 2,300-square-foot home has a location that way outclasses its modest structure. It sits on one of the best lots in Paradise Cove, a mobile home park atop a bluff overlooking the Pacific Ocean, where it also captures views of Santa Monica Bay. "We have sold four homes over $2 million," listing agent David Carter of Pritchett-Rapf & Associates told AOL Real Estate. "So this isn't too unusual."
Carter says Paradise Cove is home to an eclectic mix of residents, including bohemians and artists looking for a relatively affordable way to enjoy priceless ocean views and access to Malibu's pristine private beachfront. He adds that mobile homes in Paradise Cove without ocean views typically sell for between $300,000 and $600,000, making the area accessible to residents who otherwise would be priced out of the market. According to the Malibu Real Estate Blog, there are a few more traditional home listings listings for sale further down the beach, but one is asking $45 million and the other $55 million.
Because this listing is a mobile home, there's a $2,000-a-month charge for renting the lot. "You don't own the land, only the home," says Carter, who also happens to be a Paradise Cove resident. "But there are advantages to that, such as no property taxes."