From the beginning, Malibu Colony has attracted famous residents from all over. Originally, Colony property was only available for leasing; Signs promoting the 10-Year deal had advertised rates of $1.00 per ocean-front foot each month. This offer attracted big names such as Clara Bow, Jack Warner, and John Gilbert to adopt the Colony as their temporary home. After a decade of leasing, however, Malibu extinguished the lease-only stipulation and Malibu Colony properties were finally available for purchase. The current residing celebrities quickly acted upon the offer, purchasing their previously leased homes and thus giving the neighborhood the nickname, “Malibu Movie Colony”, after all of the film star homeowners. Even today, the Colony’s exclusivity and gated location attracts some of Hollywood’s biggest names. With it’s optimum privacy and convenient location walking-distance from some of Malibu’s best local businesses, it’s no wonder why Malibu Colony is such a well-sought out getaway for high-profile homebuyers.
To learn more about Malibu Colony or how RE/MAX ELITE can service your Malibu Real Estate needs in adjacent areas, call our office at 310-456-5888