Main Content

Luxury Real Estate News Stay Up-To-Date On The Most Newsworthy Real Estate Stories

So You Want To Summer In Malibu. Got $135,000 A Month?

Summer in Malibu

The beachside home is located in one of Malibu’s most coveted enclaves, Malibu Colony. (Hilton & Hyland)

You’re almost too late to land a summer rental in Malibu, one of Southern California’s most storied seaside communities. Peak season in the city with 21 miles of cliffs and shoreline runs from June through August.

Some renters snagged summer leases months ago; others finalize their plans no later than May.

Summer in Malibu

Direct access to the beach is located right across the street. (Hilton & Hyland)

As of mid-May, there are 138 rental listings, including 13 properties inside Malibu Colony, the exclusive guard-gated community that’s been home to Hollywood celebrities since the 1920s.

“Peak summer is the highest rental demand we see annually,” says Chad Rogers of Hilton & Hyland. That’s when rental prices can double, jumping from $75,000 a month in winter to $150,000 a month in summer.

Summer in Malibu

A candle chandelier in the formal dining room draws the eyes upward. (Hilton & Hyland)

The real estate agent, who some call the “gatekeeper” of Malibu Colony, says he knows the “owner, sale and rental history of every house in the community.” There are about 120 properties behind the gates.

This summer, Rogers is representing six rentals in the Colony, including a five-bedroom house at 23705 Malibu Colony Road, No. 31A. The remodeled home was designed by WHY Architects and built by Marmol Radziner, both based in Los Angeles. The two-story contemporary residence with a midcentury modern vibe is “truly a timeless architectural work of art,” Rogers says.


View the full story on www.forbes.com

Contact Us Get In Touch

    Submit