Mobile home in Malibu's Paradise Cove sells for a record $5.3 million
Mobile home in Malibu's Paradise Cove sells for a record $5.3 million
Neal J. LeiteregSeven-figure sales are an everyday occurrence in L.A.s real estate hot bed, even in the mobile-home market. In Malibu, a mobile home recently changed hands for a record $5.3 million.
Found within the confines of the Paradise Cove Mobile Home Park, the triple-wide house was briefly listed for sale in March for $5.5 million before closing off-market. A year ago, the same property sold for $4 million, records show.
The sale is the most ever paid for a mobile home in Malibu, according to Pinnacle Estate Properties agent Elizabeth Seaman, who represented the buyer. Seaman declined to identify the new owner.
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Set on a bluff overlooking the coastline, the manufactured house has features akin to the typical luxury home in L.A.: beamed ceilings, hardwood floors, skylights and a pair of gas fireplaces.
A living room, a kitchen with an island/breakfast bar, a dining area area with a built-in booth and a wood-paneled office lie within the floor plan.
The master suite, with a sitting area and boutique-inspired closet, has a pop-up skylight feature lined with clerestory windows. There are four bedrooms and four bathrooms in all.
Outdoors, the grounds include a flagstone patio, a gazebo and a viewing deck. A gated courtyard sits off the entrance to the home.
Expansive views take in the ocean and coastline.
Paul Woodman of Pinnacle Estate Properties was the listing agent.
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Twitter: @NJLeitereg
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