Malibu residents aren't only clamoring for palatial mansions with gated entries — many have been forking over millions for mobile homes in a trailer park.
But this isn't your run-of-the-mill trailer park. The pristine location of Paradise Cove Mobile Home Park, set on a cliff side along the Malibu beach, means these trailers are selling in the millions.
Paradise Cove mobile home park was built in the early 1960s as a beach rental vacation spot, and at the time had only 71 homes. A decade later, the park was sold to the infamous Kissel developers, who built 200 more spaces.
Today, the park comes with some major perks. It's a community with 270 homes, all with direct access to the private beaches of Point Dume. Some of the trailers even have superb ocean views.
All the residents also have access to a large clubhouse, tennis court, basketball court, and children’s playground.
One of these homes recently hit the market for an all-time high of $3.75 million, according to the Wall Street Journal. The four-bedroom home was 2,200-square-feet with a hot tub and two-car garage.
Another home that sold for $1.275 million included a fireplace and walk-in closet in the master bedroom, plus stone bathrooms, multiple decks, and a spa.
The park attracts more upscale residents. One couple who retired from the film industry purchased a two-bedroom, 1,800-square-foot trailer for $1.25 million dollars. Actors Matthew McConaughey and Pamela Anderson were even residents of Paradise Cove at one point.
And while these properties may not look like the average trailer home, "all of them have a trailer axle hidden somewhere underneath and can be moved, at least technically," according to the Wall Street Journal.
SEE ALSO: 21 Buildings You Need To See In Your Lifetime
FOLLOW US: Business Insider is on Instagram!
Join the conversation about this story »
