Where $2 million gets you a double-wide mobile home

[Liberal_in_LA]

$2 million for a double-wide



$2 million dollar view

The Bay Area is one of the most expensive housing markets in the country, but $2 million dollars will still get you a pretty nice house, from Livermore to Marin to Palo Alto. What will it buy you in Malibu? How about a mobile home?

Ann Brenoff of AOL Real Estate broke the news yesterday that the most expensive sale this year of a mobile home happened in Malibu, at the Paradise Cove mobile home park. The transaction was handled all in cash. The new owner did get a deal - the original listing price of the 2 bedroom, 2 bath mobile home as $2,550, 000.

Surprisingly, this $2 million transaction doesn't go down in history books as the most expensive double-wide ever sold. During the housing hey day, other mobile homes in the park went for as much as $2.5 million. The premium buys access to a prime lot and Malibu shoreline views often only seen at the multi-million dollar homes of Hollywood celebrities.

Read more: http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?entry_id=97670#ixzz1Y8VV7Yrq

[ChandlerJr]

1. I always wondered how Rockford could afford Malibu

on $200 a day plus expenses.

[TwilightGardener]

2. I can't argue with it, with that view.

[durablend]

3. Gotta be the property

No way is the house itself worth anywhere near that

[joeybee12]

4. Location, location, location!

That is a sweet view, I gotta admit.

[Xithras]

5. I knew it.

Before even opening this thread, I saw the title and said to myself "It's probably Malibu."

Malibu is kind of a strange town. It's well known as a playground of the rich and famous, but because of some historical quirks, it's also got some very expensive mobile home parks residing on prime real estate. It's probably the only city in America where you can have a $2 million dollar mobile home sitting next door to an even posher $20 million estate.

[kentauros]

6. For half the price

I'll take this place on Waiheke Island, NZ:

http://www.premium.co.nz/15473

Not to mention getting to take advantage of their socialized medicine and such :D

[Blue_Tires]

7. He's better off just putting the $2 million in a bank

and retiring to the south pacific at just 10 percent of the cost...

[Historic NY]

8. Not exactly a trailer trash neighborhood....

I saw a program on HGTV about how they do the renovations....by law it still has to have its axles in place.