$2.5 Million Mobile Home in Malibu goes on market

Even during a nasty recession, there are buyers and sellers of million-dollar-plus mobile homes in parks in California.

The latest 7-figure mobile home listing to hit the market is in Point Dume Club, Malibu. This is a leased land park overlooking the ocean and a bird sanctuary.

But, please, don't call it a "trailer" or a "coach".

http://themaliburealestateblog.com/2-5m-mobile-home-for-sale-on-point-dume/

It's too bad we don't have ocean views here in Sacramento.

If you have any doubts that this might not appraise, guess again.

Last June, in a nearby park in Malibu, a mobile home closed escrow at $2,750,000.
And a year earlier, Matthew McCoughaney purchased a seven-figure mobile home in the same park.

http://www.radaronline.com/exclusives/2009/06/world’s-most-expensive-mobile-home-sold-2-275000-wheels-malibu

The agent who handled the sale describes this home as the most affordable way to live in star-studded Malibu. The manuf home, which is a chattel (leased land) has stunning view of the Pacific Ocean, and was an incredible bargain when you consider that Barbra Streisand is one of your neighbors whose "compound" has an estimated value of $25 Mil.

Of course, your question is: is financing available for these homes in these parks?

My main lender says: "Send us one and we'll look at it....." So send me one of these!!