Three sales on Malibu Cove Colony were in the $7 million range. The La Costa subdivision and the Malibu Colony were the first opportunities for "outsiders" to have Malibu real estate, although the Decker family and other homesteaders did hold property in what is now Malibu, but outside of the Rindge ranch. Zillow has 186 homes for sale in Malibu CA matching Beach House. Zillow has 362 homes for sale in Malibu CA. Joanna Poitier, the wife of actor Sidney Poitier, was responsible for the interior design of the seven-bedroom house. Such bargain-basement prices were typical of Malibu then since it was considered too far from Los Angeles and not very classy. The average sale price per square foot in Malibu is $1.46K, up 3.9% since last year. A few exceptional properties in Malibu are among the highest priced homes in the world. Malibu Colony land was originally leased, for $1 per beachfront foot per month. In September 2005, a property in Paradise Cove went on sale for $65 million, probably the highest priced listing in Malibu up to that time. Hot Homes can sell for around list price and go pending in around 43 days. The Malibu, CA housing market is not very competitive, scoring 18 out of 100. May Rindge formed the Marblehead Land Co. to further subdivide Malibu and sold off large plots to individuals and developers in the late 1930s and 1940s. Further out, the increases were similar, but on a smaller base. The sections on Development & Diversification in the History pages of MalibuComplete.com have more details on these periods. The seven-acre property has an 18,000-square-foot, Mediterranean-style villa with 300 feet of private beach. On Malibu Road, three properties sold for $6 million, $7 million and $13 million. In June 2005 the large estate built in 1991 on Sweetwater Mesa overlooking Surfrider Beach and the Malibu Lagoon was listed for sale at $35 million. The Rindge family operated Rancho Malibu as a single holding until financial pressures caused May Rindge, Fredrick Rindge's widow, to start to lease, then sell, land in the 1920s. Also in 2000, the median house value in Malibu exceeded $1 million for the first time. Sales indicate that the median value on Point Dume has soared above $3.5 million. Even in December 1958, an ad in the Malibu Times advertised a two-bedroom home near the Malibu Colony for $29,500. 323 Homes For Sale in Malibu, CA. Malibu beachfront property, viewed from the water's edge. After Hughes died unexpectedly in May 2000, the house went on sale again, this time for $31 million, exquisite fixtures and furnishings included. The average Malibu house price was $3.47M last month, up 24.5% since last year. Return to Malibu Real Estate or up one more level to MalibuComplete.com Home Page. And in 1972, the Malibu Canyon Village condos opened with units available for $30,000. On La Costa Beach, the highest sale in 2004 was $5 million, but a number of sales above $6 million took place in 2005, along with sales above $3 million in La Costa landside. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. But the record of appreciation overall is still remarkable. As an index of the growth, it took 30 years (1972-2002) for the Malibu Canyon Village condos to go from their original value of about $30,000 to over $300,000, a ten-fold increase. In the Spanish period at the beginning of Malibu. While a few exceptional homes in Malibu always carried staggering price tags, it was not until the late 1980s when a robust California real estate market first pushed Malibu prices above $1 million in many areas, even off-the-beach. The average sale price of a home in Malibu was $3.47M last month, up 24.5% since last year. 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