Presumably the only location in SoCal that may surpass world famous Beverly Hills in the number of Movie Stars’ homes, it’s Malibu with Malibu Colony as the star-studded community in the City of Malibu. This amazing gated community lies on a stretch of perfect coastline with private sandy beaches.
The Malibu Colony quickly became a favorite of celebrities and movie stars when the then-remote areas was finally opened to the public for the first time in 1929. Local sources state that Frederick Hastings Rindge and his wife, May Knight Rindge, acquired the over thirteen thousand acre Rancho Malibu tract for a whopping $10 per acre. They later expanded their ranch to seventeen thousand acres. In later years, May Rindge leased beachfront lots to some of the most affluent movie stars of the day. Bing Crosby, Gary Cooper, Gloria Swanson are just a few names to mentioned.
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(all data current as of 4/24/2014)
$17,375,000 : 23660 MALIBU COLONY RD, Unit 42, Malibu5 beds, 8 baths
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