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Malibu is a swanky beach city in California known for its stunning views, celebrity residents, and high price tags. According to Zillow, as of August 2019, the city's median home value is $2,959,800.
But the city's median home value only gives us a glimpse of its real-estate wealth. Malibu is also home to Carbon Beach, nicknamed "Billionaire's Beach," where homes are sold to the ultra-wealthy for tens of millions of dollars. Just consider Peter Morton, the cofounder of the Hard Rock Cafe chain, who sold his Billionaire's Beach estate last year for $110 million.
And it's not just mansions hitting those kinds of prices: Malibu is also home to some extremely expensive, extremely fancy trailer homes. The Paradise Cove Mobile Home Park in Malibu, California is a trailer park known for its exclusivity and multimillion-dollar mobile homes.
"The enclave is a throwback to simpler times, where everybody still waves hello and kids can run free. Golf carts are the primary mode of transportation, and the secluded beach is a neighborhood gathering place," said Ren Smith to Business Insider when asked what it's like to live in Paradise Cove.