Malibu Road Real Estate
Malibu Road was once a part of the original Pacific Coast Hwy before it was relocated in 1948. The old Roosevelt Highway, or “Old Road”, now Malibu Road, runs parallel to the Pacific Ocean for almost 3 miles with over 200 beachfront lots. Malibu Road lot sizes average 60ft wide and 100ft deep. Just upshore from the Malibu Colony, Malibu Road homes are built right up to the edge of the surf at high tide, so are elevated beach side to stay safe from the waves. Malibu Road has its own shopping center, the Malibu Colony Plaza, a local fire station, and a number of small businesses and offices. Malibu Colony Plaza is the most extensive and traditional “shopping center” in Malibu with everything from grocery, pharmacy, banks, fast food, vitamin shop, post office, salons, ice cream parlors and a news stand located in it. Malibu road is prized both for its scenery and its proximity to all the downtown Malibu Attractions, a real prize for Malibu Road real estate.
Malibu Road landside properties have large lots: a great find in Malibu. However, the majority of lots are ocean-side because of ongoing geological concerns on the sandy landside bluffs, stemming from possible over-watering by Pepperdine University, whose gorgeous campus nestles in the mountain foothills across the PCH from Malibu Road. The Malibu Road neighborhood has an active homeowners association that advocates for its interests within the Malibu community at large. Nearby Bluffs Park has plenty of recreational activities that serve the Malibu Road community and the beach is wide and beautiful. The Santa Monica Mountain Conservancy has bluff trails that are open to the public. Not only do Malibu Road residents get to access picturesque scenery but they are close to all the amenities of town as well. Malibu Road has everything a savvy Malibu buyer could want.
Malibu Road homes are individually unique in character. Some Malibu Road homes resemble classic beach cottages, others are Mediterranean in style, some contemporary, and some are classic cape cod in style. The homes closest to the Colony have the deepest, sandiest beaches, and are the most pricey. Towards the center of Malibu Road real estate lies “flat rock” which provides plenty of sand as well as a home for seals, an added attraction for homeowners there. While the most affordable Malibu Road real estate lies towards its western end, with a number of multi-family residences and less expensive single family dwellings. Real estate on Malibu Road is a prized commodity for summer rentals, and homeowners have no problem finding renters for when the property is not in use. Malibu beach homes frequently fetch 40-100k per month during peak seasons and can provide ample supplementary income for the savvy beachfront owner. In Malibu Road real estate news, Beyonce and Jay Z recently purchased Cher’s famous property, just above Malibu Road.