A new listing in Paradise Cove is asking $3,200,000 and it will likely cause a few neighbors to question if their units are now worth 3 or 4 million. The home is situated on the rare “bluff” portion of Paradise Cove with unobstructed ocean views and sits at the end of a street with a unique canyon view. The home is so close to the water you can check the surf conditions while laying on the couch. Located just a few hundred yards from the shore, the modernized mobile home appears to built like a traditional home with smooth coat stucco exterior, custom doors and windows, and a nice gourmet kitchen. With the sale last year of a 1000 sq.ft. remodeled mobile home selling for $2000 per sq ft ($2,000,000) this place may be a value to someone at $1888 per sq.ft. In case this sounds like a record price for a mobile home, keep in mind that a manufactured home in Paradise Cove sold for $4,000,000 not too long ago!

UPDATE!!!!!!!! April 7, 2016

The home is now in escrow just 2 weeks after being listed! I guess $1888 per sq. ft. really was a bargain to someone! This sale will likely generate a few new listings from owners who saw that value of their units jump overnight. Recent publicity in the LA Times and Coastal Living Magazine about Paradise Cove should drive this market in to further record territory this summer. Will we see another $4m+ sale soon?

From the MLS ….”Only the Best in Paradise Cove. A perfect Blufftop home, offering unobstructed Ocean, Whitewater, and Sunset views of Pt. Dume and Catalina Island. Located on the perimeter, with a direct beach path access to one of the most desirable private beaches in all of Malibu. A very modern look, this 3 Bdrm, 3 bth, plus office comes with every luxury and convenience. Radiant floor heating, Viking and Miele appliances, natural stone Pedini kitchen, marble and tile bathrooms, surround sound system, large sunny decks and spa. Light and spacious, with amazing Ocean views from nearly every room!”