When the rich and famous need to get away from their whirlwind lives they head to the soft, sandy beaches of Malibu, California. Malibu has been a premier destination for years and now tops San Francisco, California, and New York, New York as the most expensive city in the country, according to the annual Coldwell Banker Real Estate 2013 Home Listing Report (HLR), which ranked Malibu as the most expensive place to live in the United States.
According to the annual report, an apples-to-apples comparison of four-bedroom, two-bathroom homes in more than 1,900 real estate markets across the United States, a sample-sized home in the affluent beach community of Malibu lists for $2.15 million, compared to $63,729 in Cleveland, Ohio.
“With its laidback, yet star-studded lifestyle, Malibu is undergoing a transformation from a seasonal destination to a year-round locale,” said Madison Hildebrand, an agent with Coldwell Banker Residential Brokerage in Malibu, star of Bravo’s Million Dollar Listing.
By Ashley Harris