Located just outside of Downtown Los Angeles, Malibu is the LA County city that really has it all. The 21-mile stretch of beach along the border of the city boasts some of the most spectacular views of the Pacific Ocean, and the year-round sunshine and warmth makes this place nearly perfect. Malibu has quickly become a haven for celebrities and other affluent people who want to enjoy the beach lifestyle without sacrificing their proximity to Los Angeles.
Real estate in Malibu has always been in high demand, and therefore has always been valuable. Currently, the median sales price of homes for sale in Malibu is about $1.9 million, but depending on the property and its location within the city, the price of a home can be much higher. Real estate experts predict that property values in Malibu may rise by about 33 percent in the next year, making now an ideal time to invest in this oceanfront community.
Those who are looking to purchase a luxury home with ocean views will want to consider Broad Beach or Carbon Beach. These Malibu beach communities offer residents the opportunity to live just steps away from the famed Malibu surf, and to enjoy some of the most incredible homes the city has to offer. Broad Beach even has a section that is referred to as Billionaire Beach, as many of the most famous billionaires in the country own property there.
Families who live in Malibu can send their children to the Santa Monica-Malibu Unified School District, or they can enroll their children at the many private schools in the area. Those who purchase a home in Malibu also are likely to stumble into a few of their celebrity neighbors, which include Leonardo DiCaprio and Paris Hilton.
To learn more about the homes for sale in Malibu, contact our experienced real estate team today.