Anyone interested in moving to this millionaire- mobile home-filled beach retreat are in luck.
Indeed, an exclusive Malibu, California neighborhood — which is actually a trailer park — currently has two live listings within its high-priced, celebrity-filled grounds.
Paradise Cove Mobile Home Park may not sound like an elite, star-studded locale — but recent years have been boom time for the once-blue collar community, and today it’s considered to be America’s priciest trailer park.
“You’ve got to have a lot of cash to be buying in there these days,” Coldwell Banker Realty agent Brian Merrick told the Wall Street Journal. “The ones that are $5 million and $6 million? You just kind of shake your head and go, ‘Wow.’ ”
This area used to be the kind of place where no one locked their doors and neighbors helped raise each other’s children — but now cold, hard cash has replaced the defining sense of community, longtime locals told the Journal.
The two available properties for sale — a $5.85 million “turnkey” trailer and a $3.99 million one with a wraparound Ipe wood deck that’s available via Compass — are priced so high not because of the close-knit crew of kindly plumbers, electricians and their kids who populate it. It’s because of its prime location atop a seaside bluff and proximity to a popular surfing cove, as well as the rich and famous.
Indeed, beginning in the early 2000s, Paradise Cove has seen big names such as Stevie Nicks, Minnie Driver and Matthew McConaughey buy trailers. (Driver still owns there; actress Sarah Paulson is also among the A-list roster of residents.) Meanwhile, venture capitalist Marc Andreessen, media mogul Byron Allen and movie producer Edward H. Hamm Jr. have respectively paid $177 million, $100 million and $91 million for similar views at mansions nearby, the Journal reported.
One reason Paradise Cove homes are so much less expensive is because the actual land has been owned by the Kissels family since the 1960s, meaning buyers only purchase the trailers themselves (so, minimal property taxes and no publicly recorded sales) and rent for the land is controlled (rates range from $1,500 to $4,000-plus a month).
And although the nabe is formally a trailer park, many of the newer properties may meet regulations to qualify as mobile homes but, functionally, they are not.
“They just put the wheels underneath and call it a mobile home even though they would never be able to be moved,” Merrick, the Coldwell Banker agent, noted to the Journal.
Paradise Cove isn’t the only trailer park attracting deep-pocketed buyers. Across the country in the Hamptons, many working-class vacationers have recently had to deal with their beloved Montauk Shores campsite becoming a hit with the uber-wealthy.
A trailer at the seaside retreat, long beloved for its shabby-chic status, recently sold for a record $3.75 million, The Post previously reported.
