Malibu is a beautiful coastal paradise where luxury living meets magnificent natural beauty. Known for its stunning beaches, celebrity inhabitants, and luxurious Malibu homes for sale, this coastal area provides a real estate market unlike any other. Whether you’re looking for a private luxury neighborhood or a dream beachfront retreat, this guide will unveil the key considerations when buying homes in Malibu.
Unveiling the cost of living in Malibu
Malibu is renowned for its high cost of living, making budgeting and preparation essential for those looking to reside there. Malibu’s cost of living index is currently 334, which is 234% more than the national average. One of the main factors contributing to Malibu’s high cost of living is the housing market. As of early 2024, the typical sale price for Malibu homes is around $5.6 million, greatly above the US median sale price. Meanwhile, Malibu’s average monthly rent is over $3,403, much more than the national average.
Exciting things to do in Malibu
Not only does Malibu have some of the most incredible shopping in Los Angeles County (Malibu Country Mart and Malibu Village), but there are also plenty of activities! While the possibilities are endless, here are a few things to do in Malibu, California:
Point Dume
Point Dume is a tourist destination on Malibu Beach that is well-known for its tranquility and natural splendor. This is an ideal location for couples or families with children. The destination also has miles of hiking paths, rocky coves, and vistas of Santa Catalina Island.
Adamson House Museum
If you enjoy history, the Adamson House Museum is a great choice. This tile-tiered Spanish Colonial seaside home, constructed in 1929, commemorates over a century of history. Plus, this is one of the top things to do in Malibu!
Malibu Pier
The Malibu Pier, standing since 1905, is a must-see destination after relocating to Malibu! If you’re looking for things to do in Malibu, California, the pier is always an excellent choice. You’ll have a terrific day whether fishing, shopping, eating or just enjoying the scenery.
Getting around Malibu, California
Malibu is mainly a car-dependent community; therefore, having a vehicle is essential for easy transportation. As a result, it is critical to consider both the upfront cost of acquiring a car and ongoing expenditures such as fuel, maintenance, and insurance premiums. It’s worth mentioning that petrol costs throughout California, especially Malibu, are often higher than in other states.
However, investing in a car allows you to explore the picturesque Pacific Coast Highway, uncover hidden jewels along the coast, and go on unforgettable road trips highlighting California’s natural beauties. The intangible pleasures and unforgettable moments gained from these travels justify the additional expenditure of owning a car.
Ready to look for luxury in Malibu?
Malibu has some of the most enticing luxury homes for sale in the United States, thanks to its unrivaled oceanfront position and ideal backdrop for leisurely living. When you’re ready to begin looking for stunning properties in the region, from Point Dume real estate to Malibu Road luxury houses, contact experienced local Realtor Daniel Ross to walk you through the process.
