Malibu South Beaches Report

by ritasimpson on November 28, 2011

in Carbon Beach, How's The Market, La Costa, Las Flores Beach

The Beaches South of Cross Creek Road in Malibu also offered great value this year.

Of the 18 sales 11 were  Single Family Residences with a Median of $2,075,000 and a

Low of $1,475,000 paid for a fixer that belonged at one time to the legendary Judy Garland!

The average price per square foot paid was $$1,468.

On La Costa Beach a high of $6,562,000 was paid for a very fashionable beach house.

As to the condominiums in the area, we had about 7 sales with a Low paid of $405,000 on

a short sale at  corner unit on Carbon Beach

and a high of $1,260,000 for a mid section unit in the same building!

This area had the most leases during the year with 71 posted at a median of $4,500 for an average space of 1,400 square feet .

However don’t be fooled by the averages as many of these leases were the condominium units. For the homes on carbon prices are very different, the high rental this year in the area went for $65,000/month for a five bedroom house on La Costa Beach that  is on the market at $9,000,000.

Take a look at the listings

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

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Post by Rita Simpson

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