Malibu's most expensive and least expensive listings share the same beach

For $329,000 you can purchase a 1 bed, 1 bath mobile home with 500 sq. ft. of living space and walk to Paradise Cove beach in about 2 minutes. It has good tires, a strong axle, and current registration. Only 500 yards to the east is another home for sale at $75,000,000. This home boasts an 11,000 sq. ft. main residence, 7 acres of bluff above the sand, 3 guest houses, numerous stables, pool and guess what? It also takes about two minutes to get to the sand. Call me when you are ready to see the second home...I mean either home. Here's what I find so interesting. Can you think of any other place in the world where the price of real estate can be so different in essentially the same neighborhood? The mobile home park at Paradise Cove sits right along a section of PCH where most of the estate homes immediately to the east run from $20m-$75m! Only in Malibu. These price differences can be found all over Malibu. There's Broad Beach where most home run $10m-$30m. Sharing the same street is a little community of homes, not on the beach, starting at $2m. These homes share the beach with the more expensive homes too. Here's another example. There are some homes just a block or so off PCH with ocean views and flat land that may be $6m where they sit. But if you were to take that same property and place it 5 miles up Latigo it might only be worth $3m. That 10 minute drive can save you millions! Check it out on Google Maps Google maps