Luxury Trailer Park in Malibu Sold for Record-Breaking $200 Million
A luxurious trailer park in Malibu, known as Pointe Dume Club, has recently been sold for a staggering $200 million, making it the highest price ever achieved by a manufactured housing company. This prestigious neighborhood offers a country-club lifestyle, stunning ocean views, and direct beach access, making it a highly sought-after location for affluent residents.
Situated on the Pointe Dume promontory, the 95-acre mobile home community boasts 297 residences, with houses selling for an average of $2.1 million up to $5.6 million. The property is the largest privately owned oceanfront parcel in Malibu, according to the Los Angeles Times, and has now changed hands for the first time since it was purchased back in 1892.
The sale of Pointe Dume Club was brokered by Dustin B. Wilmer and Douglas Danny of Marcus & Millichap to Hometown America Communities, one of America’s largest owners of manufactured housing communities. Despite the change in ownership, the park will continue to operate as usual, with no plans for redevelopment. The company expressed their excitement about adding Pointe Dume to their portfolio of communities in California, stating their commitment to managing the property in the same manner as the previous owners.
The amenities at Pointe Dume Club are truly impressive, with a heated swimming pool, saunas, tennis court, basketball court, car wash, library, laundry facilities, playground, card room, and clubhouse all available within the 24-hour gated community. Residents enjoy a quiet, family-friendly environment with easy access to the beach, nearby school, shops, and restaurants, making it a desirable place to live for those seeking the ultimate Malibu lifestyle.
Famous faces such as Bob Dylan, Julia Roberts, and Owen Wilson have called Pointe Dume Club home, attracted by its luxurious amenities and prime location along the Santa Monica Bay coastline. Professional Australian surfer Stephanie Gilmore also found her forever home in Pointe Dume, describing it as a “country club for mermaids of Malibu.” With a beach right outside her front door, she considers the sandy shore her “office” and a perfect spot to settle down after years of traveling.
The sale of Pointe Dume Club is not an isolated incident in the Malibu real estate market, as evidenced by Facebook’s former CFO Gideon Yu’s purchase of a blufftop estate in the community for $52 million in cash. This transaction set a new record for the highest price paid for a single-family house on Pointe Dume, showcasing the allure of this exclusive neighborhood for high-net-worth individuals.
While Pointe Dume Club is often referred to as one of the more affordable options for buying real estate in Malibu, the price tags for homes in the community are still substantial, catering to a wealthy clientele. With houses typically priced at a million dollars or more, the trailer park has become a symbol of luxury living in a beachfront setting, attracting residents who value the privacy, amenities, and lifestyle it offers.
In conclusion, the sale of Pointe Dume Club for $200 million highlights the appeal of luxury trailer parks in exclusive locations like Malibu. With its premium amenities, prime beachfront location, and prestigious reputation, this mobile home community continues to attract affluent residents seeking a high-end lifestyle in one of California’s most coveted coastal destinations.