Mobile home in Malibu's Paradise Cove sells for a record $5.3 million
LA TIMES
Neal J. Leitereg
Seven-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.
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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