The economic downturn has forced thousands of people into foreclosure, but the luxury trailer park business is booming. RadarOnline.com has unearthed a slew of mobile homes for sale in a Malibu, Ca. community — some for more than $2 million!
The plot sits in the Paradise Cove are of Malibu, by no means the average site for a trailer park. Counting neighbors like Pamela Anderson and Minnie Driver, the community offers easy access to local attractions and stunning views of the Pacific Ocean.
With almost a dozen sales over $1 million in the last three years Paradise Cove is the most expensive trailer park in America.
Currently there are over a dozen units for sale, ranging from custom built homes at over $2 million to more rundown trailer homes which start at $350,000.
Realtor David Carter of Pritchett Rapf is handling sales, and tells Radaronline.com “it is the most affordable housing in Malibu and people are prepared to pay this kind of money because of the access to the beautiful beach.”
“It is a good investment if you want to spend a lot of time at the location and, despite the housing slump, prices have continued to rise steadily at Paradise Cove.”
Originally, Paradise Cove started as an RV camp, but was expanded to the current 271 unit park in the early 70’s.
Amenities include a guard house, a small clubhouse, an RV storage area, a playground for children plus tennis and basketball courts too.
Residents even have the popular Paradise Cove Beach Café right on their own doorstep that boasts its own beach and cove.
This hot-spot is frequented by Malibu celebrities like Cher, Val Kilmer, Helen Hunt and Courteney Cox.
Local resident Kim Estez thinks that it’s worth every cent because the relaxed vibe and friendly neighbors.
“It’s great here everybody is very cheerful and the location is fabulous – personally I would rather live here than in a $10 million mansion in Beverly Hills,” Estez said.