California Fab: Luxury Mobile Homes

What’s the hottest buy in the white-hot California real estate market? Malibu’s trailer parks, according to an April 10, 2005, article in The New York Times (“Trailer Trash? Not a Scent of It”). In San Francisco, Silvercrest Western Homes Corporation sells upscale mobile homes for $1 million or more. In Malibu, homebuyers are spending upwards of a million dollars for souped-up trailers in oceanfront parks–a bargain compared to the five-figure price tags on their detached neighbors. The Times cites a recent listing for a “stunning, drop-dead-gorgeous, bluff-top, custom architectural home” in Malibu’s Point Dume Club mobile home park for $1.69 million. “The world has changed,” says the developer selling the property. “Spag­hetti is now pasta. Religion is now spiritual. It’s no longer a mobile home park. It’s a fab park.”

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